China Threatens Retaliation Over Potential New US Tariffs
Beijing signals it is prepared to respond if Washington moves forward with additional trade duties, escalating tensions between the two largest global economies.
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Terms & Concepts
Tariff: A government-imposed tax on imported goods, used to protect domestic industries or raise revenue.
Retaliatory Tariffs: Countermeasures in trade where a country imposes its own tariffs in response to tariffs from another nation.
Trade War: An economic conflict where countries impose tariffs or other barriers on each other's goods to gain advantage.