China has rebuked the US over recent tariff hikes, accusing Washington of economic bullying and warning of severe implications for global trade. The move, which led to plummeting stock markets, prompted Beijing to announce a 34% tariff on all US imports and vow to protect its interests.

China reacts to President Trump's tariffs, urging the U.S. to cease using tariffs to suppress their economy. The imposition of additional tariffs by Trump escalated retaliation from China and led to sharp declines in global markets.