China vows to "fight to the end" over Trump's tariffs threat

• Stock markets have had a tumultuous week in response to Trump's across-the-board tariffs announcement, and Axios' Nathan Bomey notes investors are desperate for his administration to take an "off-ramp" from them, with the trade war triggering fears of recession.

Driving the news: A Chinese Commerce Ministry spokesperson accused the U.S. of "blackmail" after Trump wrote on Truth Social that he'd impose the additional tariffs that would take effect Wednesday if Beijing didn't withdraw by Tuesday the 34% tariffs it announced for all American goods.

• "The U.S. threat to escalate tariffs on China is a mistake on top of a mistake," the spokesperson said. "China will never accept this."

What they're saying: Trump in his post accused China of "long term trading abuses" and said if Beijing officials didn't pull the tariffs "all talks with China concerning their requested meetings with us will be terminated!"

• Representatives for the White House did not immediately respond to Axios' early morning request for comment.

More from Axios:

• Markets lurch on false Trump tariff pause report
• Behind the Curtain: Trump's dark opening to Golden Age
• Republicans groan as Trump tariffs spur stock market turmoil

Editor's note: This article has been updated with further details of President Trump's post, more comment from China's Commerce Ministry and additional context.