Chinese President Xi Jinping. Photo: Lintao Zhang / Getty Images

China vowed on Friday that it will fight back "at any cost" if the Trump administration continues to impose new tariffs on Chinese goods, according to a statement from China's commerce ministry.

Why it matters: China increasing tariffs on the United States would be difficult, as the country only imports $130 billion in goods from the U.S., so U.S. businesses may be China's next target. That could hurt both countries' GDP by as much as .3%, per the Wall Street Journal.

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Dion Rabouin, author of Markets
26 mins ago - Economy & Business

Brookings fellow predicts reparations could happen in next 10 years

Thanks to growing momentum and changing attitudes among Americans, Brookings Institution fellow Andre Perry predicts that within 10 years the U.S. will provide some form of reparations to Black people.

What we're hearing: "What's happening in the streets today is indicative of the attitude change that is occurring in America," Perry, a scholar-in-residence at American University and author, said during our interview for "Axios on HBO."

26 mins ago - Health

Axios-Ipsos poll: Americans won't take Trump's word on vaccine

Data: Axios/Ipsos survey; Note: Margin of error for the total sample is ±3.2%; Chart: Axios Visuals

Barely two in 10 Americans would take a first-generation coronavirus vaccine if President Trump told them it was safe — one of several new measures of his sinking credibility in the latest wave of the Axios-Ipsos Coronavirus Index.

Details: Given eight scenarios and asked how likely they were to try the vaccine in each case, respondents said they'd be most inclined if their doctor vouched for its safety (62%), followed by insurance covering the full cost (56%) or the FDA saying it's safe (54%).

NYT's Trump tax returns exposé explodes on social media

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

The New York Times' bombshell tax investigation has become one of the most viral investigative news stories on social media during the Trump era, according to data from NewsWhip.

Why it matters: The years-long anticipation of the release of President Trump's tax returns has hit a nerve among Americans, many of whom have been waiting to see whether the returns reinforce rumors of the president's flimsy financial record.