China raises defence spending by 7.2% and warns the US of readiness for war amid escalating trade tensions. Both countries impose tariffs on each other, with China vowing to fight till the end.
Key Points
China plans to boost defence spending by 7.2%.
Both China and the US have imposed tariffs on each other.
China warns the US of being ready for war in response to escalating tensions.
Pros
China is taking steps to strengthen its military capabilities.
China is standing up to what it perceives as US aggression.
Cons
Escalating tensions could lead to a potential military conflict.
Tariffs imposed by both countries may negatively impact global trade.