President Trump has threatened tariffs on Taiwan and the chip industry. China has signaled it will not let the trade war keep it from the technology it needs.

China on Wednesday removed Vice Commerce Minister Wang Shouwen from his role as trade negotiator and replaced him with a former Chinese representative to the World Trade Organization, amid an escalating tariff war with the United States.

The European Union cleared retaliatory tariffs against the United States, while China imposed its own levies as President Donald Trump's "reciprocal" tariffs on dozens of countries around the world took effect.