Trump's most recent tariffs, which affected almost all U.S. trade partners, increased import taxes on Chinese goods to 104%. Beijing responded with additional tariffs on U.S. imports, raising the total levy to 84% set to take effect within hours.

As tensions escalate over Trump’s 145% tariffs on Chinese exports, analysts warn Beijing against selling US bonds, highlighting risks to China’s currency, portfolio value and economic stability.

China has warned that it will retaliate against countries that enter into agreements with the U.S., harming Beijing's interests. A spokesperson for the Chinese Ministry of Commerce commented that countries that yield to the U.