China has taken a strong stance against US President Donald Trump’s threats to increase tariffs, declaring that it will “fight to the end” if the US insists on its own way. The country has also announced increased efforts to support its market, including looser control over the yuan to boost exports and government-backed asset purchases. To stabilize the economy, authorities have promised loans and are considering a swift injection of stimulus. This escalation in rhetoric and market support raises concerns about a prolonged trade war between the two global superpowers.
Source: https://www.bloomberg.com/news/newsletters/2025-04-08/china-shifts-to-fight-mode-deploys-market-support