Tariffs live: China hits back at US as stand off against Trump continues amid global market rebound

China has warned Donald Trump that “stress, threats and blackmail will not be the appropriate strategy to deal” with it because it hinted at imposing but additional measures within the escalating commerce battle between the world’s high economies.

The Chinese language commerce ministry in the present day once more accused the US of “bullying” and stated that taking additional measures is “geared toward defending our personal sovereignty, secutiy and improvement pursuits”.

It stated: “If the US insists by itself manner, China will observe it to the top.”

The UK’s FTSE 100 has soared by greater than 6 per cent after inventory markets opened in London.

The index was gaining about 475 factors in early buying and selling on Thursday, following a major rally for markets within the US and Asia.

The sharp features come after US President Donald Trump introduced he can be pausing tariffs on most nations, excluding China, for 90 days.

Europe and the US may attain a “win-win” commerce deal which could possibly be helpful to each events, Greek Prime Minister Kyriakos Mitsotakis stated in an interview revealed late on Wednesday.

“On the European entrance there’s a risk of discovering a win-win resolution in terms of commerce, an answer which shall be mutually helpful,” Mitsotakis instructed US information community Breitbart from his workplace in Athens.

The European Union on Wednesday agreed to launch its first countermeasures towards US tariffs subsequent week. However European Fee President Ursula von der Leyen on Thursday welcomed Trump’s announcement of the pause.

Mitsotakis stated that there was “nonetheless room for negotiations” with the US earlier than Europe thought of any main reciprocal response past what had been introduced on Wednesday.

“Europe and the European market is essential for the US and US is essential for Europe and we have to work out an answer.”

US President Donald Trump’s dramatic resolution to pause hefty tariffs on dozens of nations was an essential step in direction of stabilising the worldwide economic system, European Fee President Ursula von der Leyen has stated.

Ms Von der Leyen, who heads the EU’s government arm, stated on Thursday that the bloc remained dedicated to constructive negotiations with the US, with the aim of attaining “frictionless and mutually helpful commerce”.

“Clear, predictable circumstances are important for commerce and provide chains to perform,” she stated in an announcement on X.

Tariffs had been taxes that solely damage companies and customers, she stated, including: “That’s why I’ve persistently advocated for a zero-for-zero tariff settlement between the European Union and the USA.”

She added: “On the similar time, Europe continues to give attention to diversifying its commerce partnerships, participating with nations that account for 87 per cent of worldwide commerce and share our dedication to a free and open change of products, companies, and concepts.”

She additionally stated that the Europe was stepping up work to elevate obstacles in its single market.

“This disaster has made one factor clear: in occasions of uncertainty, the only market is our anchor of stability and resilience,” she stated.

The FTSE 100 has opened up 1.12 per cent in the present day.

International markets are rallying after Donald Trump’s surprising tariffs reversal.

The Impartial’s Enterprise and cash editor Karl Matchett writes:

Futures are displaying a pointy rise for the FTSE 100 in extra of 5 per cent when it opens – not fairly the rise that Japan or the US’ principal indices confirmed in a single day, however then, the FTSE additionally did not collapse in the identical manner both.

It is one other instance of the flip-flopping within the markets {that a} single phrase – or social media submit – from the president could cause.

Look past the inventory markets and notably at smaller companies within the US and also you surprise how on earth they’re supposed to maintain up with such speedy modifications; for in the present day at the least, although, it seems we’ll get to see loads of inexperienced throughout.

US President Donald Trump’s gorgeous resolution to pause the hefty duties he had simply imposed on dozens of nations introduced aid for battered world inventory markets on Thursday.

US inventory indexes shot greater on the information, with the benchmark S&P 500 index closing 9.5 per cent greater, and the aid continued into Asian buying and selling on Thursday with Japan’s Nikkei index surging greater than 8 per cent.

Mr Trump’s turnabout on Wednesday, which got here lower than 24 hours after steep new tariffs kicked in on most buying and selling companions, adopted essentially the most intense episode of economic market volatility for the reason that early days of the COVID-19 pandemic.

That pushed European futures up sharply within the Asian session, with EUROSTOXX 50 futures and DAX futures climbing practically 8 per cent every, whereas FTSE futures gained 5.4 per cent.

Donald Trump’s tariff pause leaves “China alone within the crosshairs,” dealing with 125 per cent tariffs whereas others get a brief reprieve, stated Daniel Russel, the vp of Asia Society Media Relations.

Mr Russel stated China will let “Trump overplay his hand” and is unlikely to alter “its technique: stand agency and take in stress”.

“Beijing believes Trump sees concessions as a weak spot, so giving floor solely invitations extra stress.”

“Different nations will welcome the 90-day keep of execution – if it lasts – however the whiplash from fixed zig-zags creates extra of the uncertainty that companies and governments hate.”

The administration’s blunt-force ways have rattled allies, who see the sudden reversal as harm management following the market meltdown, reasonably than a pivot to respectful, balanced negotiations.”

China has hit again towards the US within the escalating commerce battle between the world’s two largest economies, bringing into drive 84 per cent tariffs on all US imports from in the present day.

That got here simply hours after Donald Trump paused virtually all his “reciprocal” tariffs programme however raised duties on Chinese language imports to 125 per cent, calling it a punishment for Beijing’s retaliation.

The US president earlier stated a decision with China was doable, whereas his officers stated they’ll prioritise talks with different nations.

“China desires to make a deal,” Mr Trump stated, including: “They simply do not know the way fairly to go about it.”

Treasury secretary Scott Bessent stated that the negotiations between the US and particular person nations can be “bespoke”, that means that the following 90 days would contain talks on a flurry of potential offers.

Markets bounced again this morning after US president Donald Trump yesterday introduced a 90-day pause on his sweeping “reciprocal” tariffs.

Mr Bessent, a former hedge fund supervisor, instructed reporters that the pause was due to different nations looking for talks reasonably than brutal selloffs within the monetary markets.

“The one certainty we are able to present is that the US goes to barter in good religion, and we assume that our allies will too,” Mr Bessent stated.

The treasury secretary stated he and Mr Trump “had an extended discuss on Sunday, and this was his technique all alongside” and that the president had “goaded China into a foul place.”