China issued a warning on Tuesday night that it stands ready for any "type of war" with the United States in the aftermath of tariffs imposed hours earlier by the Trump administration. A spokesperson for the Chinese foreign ministry said the tariffs would not lead to a resolution of U.

China vowed Tuesday that it is prepared for "any other type of war" with the U.S. after hitting back at the Trump administration's latest tariffs. Why it matters: The tit-for-tat levies have put the world's two largest economies on track for a trade war while ratcheting up tensions between the superpowers.

Beijing imposed broad tariffs on imports of American food and said 15 U.S. companies could no longer buy from China without special permission.