WASHINGTON (April 8): US President Donald Trump on Monday threatened fresh tariffs of 50 per cent on China and ruled out any pause in his aggressive new global trade policy, despite a dramatic market sell-off. Trump upended the world economy last week with sweeping tariffs that have raised fears of an international recession and triggeredRead More

Global markets have taken a hit following US President Donald Trump's March 24 announcement of new import tariffs he said are necessary to rebalance global trade and rebuild domestic manufacturing.

China has vowed to "fight to the end" against fresh tariffs of 50% threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.

Trump threatened China with an additional 50 per cent tariff amid escalating trade tensions, prompting strong retaliatory measures from Beijing, including rare-earth export controls.

Battered financial markets are trying to figure out what Trump’s ultimate goal is for his trade war.

Trump is threatening new tariffs on China, which would bring the total tariff rate on goods from the country to 104%.

President Trump is literally doubling down on his ruinous tariff plans, saying that since China has retaliated to the original rate, he is now raising it a further 50%.

Mr Trump’s threat of an additional 50% tariff, which he delivered on social media, came after China said it would retaliate against US tariffs.

Undeterred by a panicked stock market, President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war. Trump's threat came after China said it would retaliate against U.S. tariffs he announced last week. “If China does not withdraw…

China called the US a bully as Trump threatened to slap an additional 50% tariff on its biggest economic rival. Beijing has promised countermeasures but urges Washington to engage in dialogue. DW has more.

Trump’s threat came after China said it would retaliate against US tariffs.

Asian markets battled Tuesday to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to fight "to the end" raised concerns the trade war could worsen. "If the US insists on going its own way, China will fight it to the end," a spokesperson for Beijing's commerce ministry said on Tuesday.

HONG KONG: Asian markets battled on Tuesday (Apr 8) to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to fight "to the end" raised concerns the trade war could worsen. Equities across the world have been hammered since

Trump's new tariffs triggered a $5.4 trillion market selloff, with futures pointing to further losses Monday as China retaliates with 34% tariffs on US goods.

China vowed on Tuesday to "fight to the end" if President Donald Trump follows through on a threatened 50% tariff hike, rejecting calls to drop its countermeasures and setting the stage for a high-stakes standoff between the world's top two economies. If neither side backs down, total new U.S. levies…

Donald Trump is refusing to back down on his plans for crippling tariffs around the world which have already led to huge drops in stock market prices and there is fear for more chaos to come

On Sunday, Goldman Sachs said the probability of a recession in the next 12 months had jumped to 45%.