While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.

No One Will Win a Trade War,' China Says After Trump Tariff Threat WASHINGTON (Reuters) - Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.

Trump said he plans to raise tariffs 25% on Mexico and Canada and an additional 10% on China on his first day in office.