President Donald Trump unveiled additional tariffs on Chinese imports, raising the risk of Beijing ramping up its retaliation and a spiraling of tensions between the world’s two largest economies.

China’s Ministry of Commerce said Friday that it “firmly opposes” U.S. President Donald Trump’s latest threat to ramp up tariffs on Chinese goods and vowed retaliation, if necessary. “If the U.S. insists on its own way,

The U.S. next week will impose an additional 10% tariff on imports from China over its role in the fentanyl trade, the president said.