China has pledged to retaliate in response to the US escalating its trade war by doubling tariffs on Chinese imports. Beijing has retaliated by imposing tariffs on a range of US goods and imposing restrictions on American companies. The Chinese government has made it clear that it will not succumb to intimidation and coercion from the US. This latest development in the ongoing trade dispute between the two economic giants is likely to have significant implications for global trade and the world economy. The tit-for-tat tariffs and restrictions are expected to impact various industries and could potentially lead to disruptions in supply chains. The escalating tensions between the US and China have raised concerns among investors and businesses worldwide. It remains to be seen how the situation will unfold and what further actions each country will take in this trade war. Stay updated on the latest developments as this trade dispute continues to unfold.