As the trade war between the U.S. and China intensifies, Treasury Secretary Scott Bessent called Chinese retaliatory measures a "big mistake." In an interview with CNBC, the federal officialsaid Tuesday that Xi Jinping-led China was playing with a "pair of twos,

Trump has announced that he will add tariffs on China by another 50% if Beijing doesn’t stop putting retaliatory duties on US imports. Trump has given China until Tuesday to remove its 34% tariffs, which were put in place in response to the reciprocal duties announced at the White House last week.

The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.