'Don't want China to spend $600 billion trade surplus on defence machine: Trump moves tariff war into military territory

US President Donald Trump has raised the stakes in his economic confrontation with China, threatening to push tariffs to 104% unless Beijing withdraws its latest trade measures. The move comes as China ramps up defence spending and tightens oversight of military finances amid long-term modernisation plans. With military tensions rising and no talks on the horizon, Trump's tariff push adds fresh volatility to global markets and security concerns.