China Vows to "Fight to the Bitter End" as Trump Escalates Tariff Threats: 2025Global Markets React
The US-China trade war has reignited with renewed intensity as China vows resistance against new American tariffs proposed by former President Donald Trump, sparking global market turbulence and a wave of international responses.
In response to the latest tariff threats, China issued a strong statement, promising to "fight to the bitter end" should the United States continue to raise pressure. The Chinese government accused the US of economic blackmail and warned that further escalation would be "a mistake upon a mistake." Global Trade Tensions
Majumdar News: Origin Of Authentic News
Reactions Fire Up Following Trump's Tariff Threat
Trump recently threatened to impose an additional 50% tariff on Chinese goods unless Beijing retracts its 34% retaliatory tariffs. In response, China’s Ministry of Commerce firmly stated it would not back down from defending its economic interests.
These new threats are part of Trump’s proposed "Liberation Day" tariffs, which target not only China but several other nations. The aggressive move has already sent shockwaves through global financial markets.International Trade Relations
Market Movements Amid Rising Tensions
2:00 p.m.: The Hang Seng Index in Hong Kong rebounded, gaining 2% after previously suffering its biggest single-day drop since 1997.
May 28: US stock futures showed signs of recovery following one of the worst fiscal years in over a decade.Tariff Policies
Taiwan and the EU Respond with Countermeasures
The European Commission announced it is considering a 25% tariff on American imports such as soybeans, nuts, and sausages. Despite this retaliatory stance, EU Trade Commissioner Maroš Šefčovič emphasized the EU’s willingness to negotiate, proposing a "zero-for-zero" tariff agreement to ease tensions.World Economic Outlook
In Asia, Taiwan responded swiftly by imposing a 32% retaliatory tax following a major crash in its stock market. President Lai Ching-te proposed a comprehensive negotiation package that includes:
- A zero-tariff arrangement
- A zero-barrier agreement
- Increased investment in the United States
Taiwan also emphasized that its trade surplus with the U.S. stems not from unfair practices, but from strong American demand for high-end technology products supplied by Taiwanese firms such as Apple and Nvidia. International Tariff Rates
Summary: The Consequences for the World Economy
As trade tensions continue to escalate, the ripple effects are being felt across Asia, Europe, and North America. Global economies, tech industries, and financial markets remain highly sensitive to tariff-driven volatility.Global Financial Markets
While retaliatory measures dominate headlines, Taiwan and the EU have opened the door for peaceful negotiations—signaling that dialogue, rather than economic threats, may ultimately shape the future of global trade.
.gif)