US-China Trade War Escalates as China Vows to 'Fight to the End'

China's Commerce Ministry has declared it will "fight to the end" after the U.S. announced plans to impose an additional 100% tariff on all Chinese goods. The U.S. move is a response to Beijing's new export controls on rare earths. The escalating trade war between the world's two largest economies has rattled global markets. China defended its export controls as a legitimate measure to protect national security, while stating that its door for negotiations remains open despite its readiness for conflict.