China Plans Countermeasures Against Trump’s 50% Tariff Threat

Amid escalating tensions in the trade war, President Donald Trump has threatened to impose an additional 50% tariff on Chinese imports, prompting a strong rebuke from China, which vowed to 'fight to the end' against such measures. This threat could potentially raise total tariffs on Chinese goods to 104%, leading to fears of a recession and further instability in global markets. In response, China’s Ministry of Commerce condemned the U.S. tariffs as unilateral bullying and stated that their previous countermeasures were justified. Asian markets showed signs of recovery on Tuesday, with Japan's Nikkei 225 index rising over 6%, while Hong Kong's Hang Seng index attempted to recover from a significant drop. Trump’s bold move has sparked concerns about a deepening financial crisis, as both nations seem entrenched in their positions. Analysts warn that if the situation escalates, it could lead to widespread economic disruption akin to the 2008 financial crisis.