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

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s Nikkei share average is up 1.9% after the Tokyo stock market’s opening this morning, Reuters is reporting.The European Union said on Monday it had offered “zero-for-zero” tariffs to the US weeks before Trump’s tariff announcement and was in negotiations with the administration.They’re going to have to buy their energy from us, because they need it and they’re going to have to buy it from us. They can buy it – we can knock off $350 billion in one week. Continue reading...

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