China retaliates with 34% tariff on U.S. import.

So this kind of goes in with what we just saw here.

So the 34% imports, that's what caused the market to tank, right?

And while that is taking place, Trump comes back, Rob, is that story today?

So Vietnam is ready to remove U.S. import tariffs as it seeks delay to Trump's 46% levy. So if Vietnam comes out

and says, we're ready to negotiate, what do you guys want to do, right? That's that story.

And then Trump comes out and says, Rob, do you have the story of him putting the going even

stronger on? Yes, that's addendum page six. China says it'll fight to the end.

Right. There you go. China says it'll fight till the end after Trump threatens 50% additional

tariffs. This is from yesterday. Okay. So yesterday, they're not, they're saying we're not going to

back down and we're going to be negotiating with it until the very end.

Okay.

Cool.

China's Commerce Ministry vowed to fight to the end after Trump threatened an additional 50% tariff on U.S. imports on China set for Wednesday on less Beijing,

withdraws the 34% tariffs from last Friday. The ministry said the U.S. threat to escalate tariffs on China is a mistake on top of a mistake,

and China will never accept it following Trump's 34% levy on top of 20% duties since February,

pushing U.S. tariffs on China to 65% per Morgan Stanley.

The People's Bank of China set the Juan's midpoint rate at $7.2 per dollar Tuesday,

the weakest since September 2023, signaling strain with

Robin Brooks telling CNBC, this is Beijing politely saying this is getting a little too much.

We are putting you on notice. China's 34% retaliatory tariffs after Trump's moves, noting,

since China already faces more than 60% in tariff rate, it doesn't really matter if it goes up 50% or 500% hinting at the readiness for a full trade war.

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