China's commerce minister says Beijing will not yield to bullying and its economy can weather tariffs and other challenges, though there are “no winners in a trade war."

Mexican President Claudia Sheinbaum said her country would review tariffs on Chinese shipments, a move that could give the Trump administration a win in its push to build a “Fortress North America” that blocks shipments from the Asian nation.

China issued a warning on Tuesday night that it stands ready for any "type of war" with the United States in the aftermath of tariffs imposed hours earlier by the Trump administration. A spokesperson for the Chinese foreign ministry said the tariffs would not lead to a resolution of U.

China’s top diplomat presented the country as a force for stability, as Donald Trump shakes up the world economy with tariffs and rattles allies with overtures to Russia.

Donald Trump, once more, is moving to slash imports from China. Just like in his first term, the returning U.S. president wants to decouple from the world’s second-largest economy and establish self-sufficiency in key strategic sectors.

China’s economy faces a lingering property slump, chronic deflation and an intensifying trade war. The government’s response has too much of what Mr Trump sorely lacks: caution. In his report, China’s prime minister announced the same official economic growth target as last year: about 5%.