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China vows to 'fight to the end' as Trump tariff war rages ..
China has vowed to "fight to the end" in the ongoing trade war with the United States, sparked by President Donald Trump's sweeping tariffs.
Beijing has refused to bow to what it calls "blackmail" from the US, with China's commerce ministry stating, "The U.S. side's threat to escalate tariffs against China is a mistake on top of a mistake.
" Trump's administration has threatened to increase tariffs on Chinese imports to over 100%, prompting China to impose its own tariffs on US goods, including farm exports.
Global Market Impact
The trade war has sent global markets into a tailspin, with stock markets experiencing significant fluctuations.
European shares have bounced off 14-month lows, while global oil prices have rebounded after a hefty sell-off.
Japan's Nikkei index closed 6% higher, and Chinese blue chips climbed 1% after a 7% slide on Monday.
However, Indonesian markets were severely impacted, with stocks shedding 9% and the rupiah currency slumping to a record low.
International Reactions ..
The European Union has proposed counter-tariffs of 25% on US goods, including soybeans, nuts, and sausages.
Vietnam, facing steep duties, has requested a 45-day delay and agreed to buy more American goods to rebalance trade.
Other countries, including Japan, have reached out to negotiate trade deals and mitigate the effects of the tariffs.
Economic Concerns The trade war has raised concerns about the global economy's future, with some experts warning of a potential recession.
Notable figures, such as JPMorgan Chase CEO Jamie Dimon and Trump supporter Bill Ackman, have expressed concerns about the tariffs' lasting negative consequences.
Elon Musk has called for zero tariffs between the US and Europe, appealing directly to Trump to reverse the tariffs.
The ongoing trade tensions have left investors and leaders uncertain about the future of global trade.
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