{"id":132906,"date":"2025-04-08T06:25:16","date_gmt":"2025-04-08T06:25:16","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/tariffs-latest-china-vows-it-will-fight-to-the-end-after-trump-tariff-threat-asian-markets-open-higher-sky-news\/"},"modified":"2025-04-08T06:25:16","modified_gmt":"2025-04-08T06:25:16","slug":"tariffs-latest-china-vows-it-will-fight-to-the-end-after-trump-tariff-threat-asian-markets-open-higher-sky-news","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/tariffs-latest-china-vows-it-will-fight-to-the-end-after-trump-tariff-threat-asian-markets-open-higher-sky-news\/","title":{"rendered":"Tariffs latest: China vows it will 'fight to the end' after Trump tariff threat; Asian markets open higher – Sky News"},"content":{"rendered":"

In a news conference this morning, China has accused the US of “economic bullying” after Donald Trump’s latest tariffs threat. Meanwhile, Asian markets have opened higher after plunging yesterday. Follow the latest and listen to the Trump 100 podcast as you scroll.
Tuesday 8 April 2025 07:24, UK
China’s foreign ministry has accused the US of “economic bullying” and “destabilising” the world’s economies. 
In a news briefing, which you can watch in our previous post, a spokesperson for the ministry said America’s “abuse” of tariffs “seriously infringes” on the interests of countries around the world. 
“China strongly deplores and firmly opposes this. Let me stress once again that trade wars have no winners,” Lin Jian told reporters. 
“The Chinese people never create trouble nor do we fear trouble. Extorting China is not the right way to engage with us.” 
He said China will do what is “necessary to firmly safeguard its legitimate and lawful rights and interests”. 
“If the US insists on waging the tariffs war and trade war regardless of the interest of both countries and the international community, China will play along to the end,” Jian added. 
China’s foreign ministry is holding its daily news briefing in Beijing this morning after Donald Trump threatened to increase his tariffs on the country. 
China has vowed to “fight to the end” against the taxes, which Trump has said could rise as high as 104% if the nation does not withdraw its 34% tariff on US goods. 
The US president said Beijing had until the end of today to remove the retaliatory tariff. 
You can watch the briefing live in the video below and will bring you all the key updates. 
By Mark Stone<\/a>, US correspondent <\/b>
When Benjamin Netanyahu was asked at the weekend by Donald Trump to come immediately to Washington, he surely expected it was because Trump was going to relent on the 17% tariff he’d whacked on Israel a few days earlier. 
Israeli officials hinted as much to me.
It looked like Israel would be the test case for the rest of the world. 
After all, the Israeli prime minister had already said his government would scrap all tariffs and trade barriers it has on American trade into Israel.
And so, in capitals around the world, they watched the Oval Office news conference.
Trump began by inviting Netanyahu to tell the world what his country was going to do for the US.
On cue, Netanyahu reiterated his offer for the world to hear.
“We will eliminate the deficit and the trade barriers that have been put up unnecessarily,” Netanyahu said to Trump with deference. He added: “It serves as a model for other countries.”
It was a fair expectation the American president would offer something in return. But no.
Trump went on to weave through numerous issues from Iran to Gaza. But no mention of removing or reducing the stinging 17% tariff on Israel.
The prime minister will be questioned by senior MPs over the market turmoil caused by Donald Trump’s tariffs today. 
Sir Keir Starmer will hold a Cabinet meeting this morning before heading to parliament to appear before the Liaison Committee. 
The UK has been hit by a 10% tariff on goods entering the US, along with a 25% tariff on cars and separate import taxes on steel and aluminium. 
It has been arguing its case for a carve out from the trade tax on goods going into the US.
Starmer has warned the tariffs were “not a passing phase” as he visited Jaguar Land Rover’s West Midlands plant yesterday, but urged workers at the carmaker to remain calm.
You can read more about this and all the latest news from Westminster in our Politics Hub…
Asian markets have opened higher this morning after seeing serious falls yesterday. 
Japan’s Nikkei 225 share benchmark was up 6% after falling nearly 8% a day earlier and the broader Topix traded 6.8% higher.
The US semiconductor index climbed 2.7% overnight, while the S&P and Nasdaq futures each rose more than 1% in Asia trade.
South Korea’s Kospi gained 2% and markets in Australia and New Zealand were also higher.
Asian markets had plunged yesterday, with stocks in Hong Kong falling 13.2% in their worst day since 1997 during the Asian financial crisis.
Beijing has publicly stepped up efforts to stabilise the market after Donald Trump slapped a 34% tariff on China last week.
China has since responded with 34% levies on US imports. 
China has vowed to “fight to the end” after Donald Trump threatened to ratchet up tariffs on the country to more than 100%. 
“The US side’s threat to escalate tariffs against China is a mistake on top of a mistake, once again exposing the American side’s blackmailing nature,” China’s commerce ministry said.
“If the US insists on having its way, China will fight to the end.”
Beijing has already announced reciprocal 34% duties on US goods entering the country following Trump’s initial tariff announcement last week. 
The Trump administration had already imposed 20% tariffs on China earlier this year but Trump revealed an additional 34% rate in the White House Rose Garden last Wednesday evening.
Watch below: Sky News reports from China on the impact the 20% rate is already having.<\/b><\/i>
We’re back with our coverage as Donald Trump’s tariffs continue to cause havoc around the world. 
Yesterday, Wall Street experienced a shocking day of trading and saw an early drop that dragged it 20% below its record to a sudden rise.
It then reverted to losses.
The intense swings come as financial markets strain to see hopes that Trump may let up on his stiff tariffs, which economists see raising the risks of a global recession.
Here are the key developments from the last 24 hours:
We’ll be back tomorrow with more updates on the aftermath of Donald Trump’s tariffs.
In the meantime, here is a look at the key developments from today:
Donald Trump has said he is not looking to pause the tariffs which have plunged global markets into turmoil.
The taxes Trump imposed on goods from most countries resulted in the value of US stocks dropping sharply when markets opened today, following falls in London and across Europe and Asia earlier.
So what are tariffs? And how could it affect you?
Here, Sky’s business and economics reporter Sarah Taaffe-Maguire<\/a> <\/b>takes a look at the tariffs…
We reported earlier that Japan’s prime minister Shigeru Ishiba had spoken to Donald Trump and strongly urged him “to reconsider its measures” (see post at 7.40pm).
Now, US treasury secretary Scott Bessent has said he expects to have productive negotiations with Japan over the country’s high non-tariff barriers, adding he hoped negotiations could bring tariffs down.
“For countries that don’t retaliate, we are at a maximum tariff level, and it is my hope that through good negotiations, all we will do is see levels come down,” Bessent told Fox Business Network.
“But that’s going to depend on the other countries. And if President Trump is going to be personally involved in these negotiations, and he believes, as many of us do, that there’s been an unfair playing field, so the negotiation is going to be tough.”
For context<\/b>: Japan has been impacted significantly as a result of Trump’s levies.
His decision to slap a 25% levy on auto imports and a reciprocal 24% tariff on other Japanese goods will likely deal a huge blow to the export-heavy economy.
Be the first to get Breaking News<\/span>
Install the Sky News app for free<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In a news conference this morning, China has accused the US of “economic bullying” after Donald Trump’s latest tariffs threat. Meanwhile, Asian markets have opened higher after plunging yesterday. Follow the latest and listen to the Trump 100 podcast as you scroll.Tuesday 8 April 2025 07:24, UKChina’s foreign ministry has accused the US of “economic […]<\/p>\n","protected":false},"author":1,"featured_media":132907,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-132906","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/132906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=132906"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/132906\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/132907"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=132906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=132906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=132906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}