Close Menu
WTX News
    Facebook X (Twitter) Instagram
    Trending
    • Forget Amorim’s ‘system’ Man Utd players get blame – De Ligt
    • Returning BBC thriller will be remembered as ‘one of the greats’ if it sticks the landing
    • Ex-MI5 chief says those who think UK already at war with Russia ‘may be right’
    • Simarjeet Singh – still trying to stay fit, still trying to find that elusive consistency
    • Chancellor to make case for ‘contribution’ ahead of youth jobs guarantee
    Facebook X (Twitter) Instagram YouTube
    WTX News
    • Live News
      • US News
      • EU News
      • UK News
      • Politics
      • COVID-19
      • Business
      • Tech zone
    • World news
      • Middle East News
        • UAE News
        • Palestine News
      • Europe
        • Italian News
        • Spanish News
      • Africa news
      • South America
      • North America
      • Asia
    • News Briefings
      • UK News Briefing
      • World News Briefing
      • Live Business News
    • Sports
      • Football News
      • Tennis
      • Women’s Football
    • MY World
      • Climate Change
      • In Review
      • Expose
      • Special Reports
        • Conscience Convoy
        • Rohingya Report
    • Entertainment
      • Insta Talk
      • Royal Family
      • Gaming News
      • TV Shows
      • Streaming
    • Lifestyle
      • Fitness
      • Fashion
      • Cooking recipes
      • Luxury
      • Money Saving Expert
    • Travel
      • Culture
      • Holidays
    • Sign Up
      • Log In
    WTX News
    • Live News
    • World news
    • News Briefings
    • Sports
    • MY World
    • Entertainment
    • Lifestyle
    • Travel
    • Sign Up
    Home - USA News - Asian markets rally as China vows to ‘fight to the end’ over Trump’s new tariff threat

    Asian markets rally as China vows to ‘fight to the end’ over Trump’s new tariff threat

    Asian markets rally as China vows to ‘fight to the end’ over Trump’s new tariff threat

    Asian markets rally as China vows to ‘fight to the end’ over Trump’s new tariff threat

    • WTX News Editor
    • April 8, 2025
    • 5:46 am
    • No Comments

    Cliff Notes

    • China has warned of potential “countermeasures” in response to Donald Trump‘s proposed 50% tariff on Chinese imports, describing US actions as unilateral bullying and illegitimate.

    • The US president indicated plans to escalate tariffs, threatening a total of 104% on Chinese goods if negotiations do not yield results by April 8, 2025.

    • Despite the escalating tensions, Asian markets showed resilience, with Japan’s Nikkei 225 rising significantly following prior downturns linked to the ongoing tariff disputes.

    Asian markets rally as China vows to ‘fight to the end’ over Trump’s new tariff threat

    China has threatened to “resolutely take countermeasures” in response to Donald Trump’s threat of an additional 50% tariff on Chinese imports.

    In a statement the Commerce Ministry said the US’s imposition of “so-called ‘reciprocal tariffs'” on China is “completely groundless and is a typical unilateral bullying practice”.

    It hinted more retaliatory tariffs may come in the future.

    “The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,” the ministry said.

    “The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end.”

    Mr Trump’s threat, delivered on social media, came after China said it would retaliate against US tariffs announced last week.

    “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” he wrote on Truth Social.

    “Additionally, all talks with China concerning their requested meetings with us will be terminated!”

    If Mr Trump implements his plans, it would mean US tariffs on imports from China would reach a combined 104%.

    The new taxes would be piled on top of the 20% tariffs announced as punishment for what the president regards as China’s role in the US fentanyl crisis and his separate 34% tariffs announced last week.

    Asian markets rally

    It comes as Asian markets opened higher on Tuesday.

    Japan’s Nikkei 225 share benchmark was up 6% after falling nearly 8% a day earlier and the broader Topix traded 6.8% higher.

    The US semiconductor index climbed 2.7% overnight, while the S&P and Nasdaq futures each rose more than 1% in Asia trade. South Korea’s Kospi gained 2% and markets in Australia and New Zealand were also higher.


    Additional sources

    Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – as it happened – The Guardian

    Wall Street traders poised to bail out bankers in first-quarter results – FT

    Wild market swings as tariffs rattle US economy – BBC News

    China has warned of potential "countermeasures" in response to Donald Trump's proposed 50% tariff on Chinese imports, describing US actions as unilateral bullying and illegitimate.
    Advertisment
    News Headlines
    Ex-MI5 chief says those who think UK already at war with Russia ‘may be right’

    Ex-MI5 chief says those who think UK already at war with Russia ‘may be right’

    Chancellor to make case for ‘contribution’ ahead of youth jobs guarantee

    Chancellor to make case for ‘contribution’ ahead of youth jobs guarantee

    Save 70% on VIP subscription
    News Briefings - the way to a better life
    News Briefings - the way to a better life
    Advert by Sponsors
    More from WTX News
    The latest gaming news - with game reviews and tips and tricks. updated 24 hours a day.
    The latest gaming news
    Hot off the press!
    • Forget Amorim’s ‘system’ Man Utd players get blame – De Ligt September 29, 2025
    • Returning BBC thriller will be remembered as ‘one of the greats’ if it sticks the landing September 29, 2025
    • Ex-MI5 chief says those who think UK already at war with Russia ‘may be right’ September 29, 2025
    • Simarjeet Singh – still trying to stay fit, still trying to find that elusive consistency September 29, 2025
    • Chancellor to make case for ‘contribution’ ahead of youth jobs guarantee September 29, 2025
    WTX News latest breaking news sports and travel
    Latest News and analysis - Deciphering through the BS with exclusive News Briefings
    Facebook X (Twitter) TikTok Instagram

    News

    • World News
    • UK News
    • US News
    • EU News
    • Business
    • Opinions
    • News Briefing
    • Live News

    Company

    • About WTX News
    • Register
    • Advertising
    • Work with us
    • Contact
    • Community
    • GDPR Policy
    • Privacy

    Services

    • Fitness for free
    • Insta Talk
    • How to guides
    • Climate Change
    • In Review
    • Expose
    • NEWS SUMMARY
    • Money Saving Expert

    News delivered to your inbox

    Copyright WTX News 2025

    • Privacy Policy
    • Terms

    Type above and press Enter to search. Press Esc to cancel.