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President Trump during a rally in Panama City Beach, Florida, Wednesday. Photo: Scott Olson/Getty Images

China's Commerce Ministry said in a statement on its website Wednesday it would retaliate with "necessary countermeasures" if the U.S. increased tariffs.

Details: It's comments came as President Trump told supporters at a rally in Panama City Beach, Florida, he was introducing the tariffs because China "broke the deal" in the ongoing trade talks. "[T]he vice premier tomorrow is flying in — good man — but they broke the deal," he said, referring to China's chief negotiator, Liu He, who's due to be in Washington, D.C., Thursday. "They can't do that, so they'll be paying."

Why it matters: Trump has threatened to increase tariffs on Chinese goods from 10% to 25%. His administration has accused China of "reneging" on its trade commitments, per Axios' Jonathan Swan. On top of this, the United States Navy said Thursday a U.S.-guided missile destroyer conducted naval drills with Japan, India and the Philippines in a waterway claimed by China in the contested South China Sea, per Reuters.

The big picture: Trump said he "won't back down until China stops cheating our workers and stealing our jobs." Trump's speech prompted Chris Rupkey, managing director and chief financial economist at global financial group MUFG, to write a note warning of the market dangers of using such rhetoric, CNBC reports.

"We are not sure who the president is addressing tonight in a campaign rally, but he is sure scaring the daylights out of the financial markets."

Go deeper:

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 8 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 10 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.