The US president has threatened to hit Beijing with the higher tariff if it did not withdraw its own retaliatory levy.
Tagged By financials
China’s central bank supports state-backed sovereign fund
China’s central bank on Tuesday vowed to back major state-backed fund Central Huijin Investment in stabilizing the market, as bourses in Asia were roiled in a trade war launched by Washington. Beijing …
Stock market today: Dow, S&P 500, Nasdaq surge on hopes for Trump tariff deals
The prospect of US-Japan tariff talks lifted hopes for other trade deals even as China escalated its face-off with President Trump.
China tariff escalation a big mistake, US Treasury Secretary says
U.S. tariff negotiations are the result of calls from other countries not sliding financial markets and China’s escalation is a big mistake, U.S. Treasury Secretary Scott Bessent said on Tuesday.
China Steps In to Support Stock Prices
Chinese state-owned firms are swinging into action to support stock prices after sharp falls on Monday. Moves Tuesday include: —Central Huijin, a unit of state-owned sovereign wealth fund China …
Markets may be calmer after tariff turmoil, but a political trade war is only just beginning
Global stocks on Tuesday clawed back a fraction of their enormous recent losses, but mutual and escalating threats between the U.S. and China stand to get worse.
Beijing vows to ‘fight to the end’ as Trump threatens 50% more tariffs
In response to Trump’s threat of an additional 50% in tariffs, China vowed to “fight to the end” while stepping in to stabilise its stock markets following a sharp plunge. Broader markets rebounded on …
China boasts about zero-tariff diplomacy towards developing economies and says it will not be intimidated by Trump’s “blackmail”
The Chinese Ministry of Commerce states that “the US imposition of reciprocal tariffs on China is unfounded and constitutes a typical practice of unilateral intimidation”. A couple of weeks after …
China sovereign fund steps in to support stocks plunging on trade war
China intervened on Monday to support domestic stocks plunging on U.S. tariff woes, with a sovereign wealth fund increasing its holdings in equities and saying it would defend market stability.
The US-China trade war is getting even uglier
Beijing vows to “fight to the end” after US President Donald Trump threatened an additional 50% tariff on China.
China denounces as ‘blackmail’ Trump’s threat to ratchet tariffs by a further 50%
US President Donald Trump’s threat to add a further tariff of 50 per cent on its goods, after he demanded that Beijing withdraw its plans for counte …
China vows countermeasures against U.S. after Trump threatens additional 50% tariff
China threatened Tuesday to take countermeasures against the United States “to safeguard its own rights and interests” in response to President Donald Trump’s threat of an additional 50% tariff on …
China’s yuan hits 2023 lows on signs PBOC is tolerant of some weakness
China’s yuan fell to its weakest level since 2023 on Tuesday after the central bank slightly loosened its grip on the currency in what analysts said was an attempt to counteract the blow to exports…
