China threatens retaliation as US doubles tariffs in trade war escalation, imposes tariffs on US goods and restricts American companies.

China has pledged to retaliate against the US amid the ongoing trade war, triggered by Washington’s move to increase tariffs on Chinese imports. In retaliation, Beijing has imposed tariffs on a range of American products and unveiled limitations on US companies. The Chinese government asserted that tactics of intimidation and pressure will not yield desired outcomes. This escalation in trade tensions between the world’s two largest economies has sparked concerns globally. The US-China trade conflict has been ongoing for months, impacting various industries and causing fluctuations in the global market. The latest developments have further intensified the trade dispute, with both countries showing no signs of backing down. The repercussions of this trade war are being felt not only in the US and China but also in other countries, including India. The uncertainty surrounding the future of trade relations between the US and China has led to increased volatility in financial markets worldwide. As the situation continues to unfold, businesses and investors are closely monitoring the developments and preparing for potential economic impacts. The outcome of this trade war will have far-reaching consequences, affecting not only the economies of the US and China but also the global economic landscape.

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