Trump team fires back at ‘loser’ China as insults fly in all-out tariff war: Live updates

Trump team fires back at ‘loser’ China as insults fly in all-out tariff war: Live updates

Donald Trump’s Treasury Secretary Scott Bessent let fly at China in the first U.S. response to Beijing’s new tariffs.

He said it was ‘unfortunate that the Chinese don’t want to negotiate’ and ‘they are the “worst trade offenders.’

This escalation is a loser for them.

The acting boss of the Internal Revenue Service is expected to resign after the Trump administration ordered the department hand over the tax data of undocumented migrants.

Elon Musk’s DOGE has canceled at least $51 million for mind-boggling initiatives like shea butter marketing, mango drying and yogurt production.

The cost cutting group recently shared the eyebrow-raising expenditures on X.

‘The US African Development Foundation has terminated $51M in grants,’ the post stated.

China will impose 84 percent tariffs on U.S. goods from Thursday, up from the 34 percent previously announced, the finance ministry said on Wednesday.

It came after President Donald Trump imposed 104 percent tariffs on Beijing.

China told the World Trade Organization on Wednesday that the United States’ decision threatens to further destabilize global trade.

The situation has dangerously escalated. As one of the affected members, China expresses grave concern and firm opposition to this reckless move.

While China opposes trade wars, it will firmly defend its legitimate interests.