This photo illustration shows Chinese 100 yuan notes (red) and US 100 dollar notes, in Beijing on April 8, 2025. China vowed on April 8 to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. (Photo by Jade GAO / AFP) (Photo by JADE GAO/AFP via Getty Images)
Photo: JADE GAO / AFP / Getty Images