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Chinese President Xi Jinping. Photo: Andy Wong/AFP via Getty Images

The Chinese government's response to the Trump administration's new threat to hike a proposed tariff on $200 billion worth of Chinese imports from 10% to 25%.

"U.S. pressure and blackmail won't have an effect. If the United States takes further escalatory steps, China will inevitably take countermeasures and we will resolutely protect our legitimate rights."
— Chinese Foreign Ministry spokesman Geng Shuang to reporters

The backdrop: China has responded the same way to every threat from the Trump administration, indicating that Beijing is not shying away from an escalating trade war. This latest threat comes as Treasury Secretary Steven Mnuchin and Chinese President Xi Jinping's economic adviser Liu He are reportedly restarting talks to reach a trade deal, per Bloomberg.

Go deeper: There's a growing threat of a full blown China trade war

Go deeper

Dan Primack, author of Pro Rata
8 mins ago - Podcasts

Bill Browder on Russia-U.S. relations after Alexei Navalny's arrest

Russian opposition leader Alexei Navalny was recently arrested in Moscow, just months after being poisoned in an assassination attempt, in what could become Joe Biden’s first major foreign policy test.

Axios Re:Cap speaks with Bill Browder, an investor and author who has his own history of clashing with Putin, to better understand the Navalny situation and how the U.S. might respond by using a law that Browder helped create.

3 hours ago - World

Special report: Trump's U.S.-China transformation

Illustration: Aïda Amer/Axios

President Trump began his term by launching the trade war with China he had promised on the campaign trail. By mid-2020, however, Trump was no longer the public face of China policy-making as he became increasingly consumed with domestic troubles, giving his top aides carte blanche to pursue a cascade of tough-on-China policies.

Why it matters: Trump alone did not reshape the China relationship. But his trade war shattered global norms, paving the way for administration officials to pursue policies that just a few years earlier would have been unthinkable.

McConnell: Trump "provoked" Capitol mob

Senate Majority Leader Mitch McConnell (R-Ky.) said on Tuesday that the pro-Trump mob that stormed the U.S. Capitol on Jan. 6 was "provoked by the president and other powerful people."

Why it matters: Trump was impeached by the House last week for "incitement of insurrection." McConnell has not said how he will vote in Trump's coming Senate impeachment trial, but sources told Axios' Mike Allen that the chances of him voting to convict are higher than 50%.