China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to protect its interests after Trump threatens steeper tariffs if China doesn’t retract planned countermeasures, causing market volatility. Trump warns of additional 50% tariffs on China over retaliatory levies, prompting Japan’s Nikkei share average to rise 1.9%. The European Union offers “zero-for-zero” tariffs to the US before Trump’s announcement, while Trump states that China will have to buy energy from the US to reduce the trade deficit.

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