US President Donald Trump has slammed China for imposing a 34% tariff on all US imports, accusing the country of panicking in response to his trade measures. China’s finance ministry has confirmed these tariffs as reciprocal, amidst escalating tensions involving higher tariffs on imports from the European Union, Japan, and Israel. Trump even went as far as declaring a national emergency to enforce his trade policy. The move signifies a deepening trade war between the two economic giants, with implications for global trade and economic stability.