Sources Al Jazeera | Published: April 8, 2025, 7:47 p.m.

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Source: Al Jazeera | Published: April 8, 2025, 7:47 p.m.

US-China trade war spirals: 100% tariffs spark Beijing fury as economy braces for impact

Beijing residents and businesses fear fallout as US-China trade war escalates, with tariffs now exceeding 100% on some goods. Local traders report plummeting orders, while angry investors demand retaliation after stock losses. China’s government condemns US "unilateral bullying," imposing reciprocal tariffs and export controls on rare earth minerals. State media vows to "fight to the end," even as ordinary citizens express resignation. The central bank intervenes to stabilise markets amid fears over jobs and economic stability. Tensions worsen after US VP Vance’s "Chinese peasants" remark, though Beijing urges dialogue. With both sides digging in, the conflict risks spiralling further.

Al Jazeera’s Katrina Yu reports from Beijing.

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