Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatility
Trump threatens additional 50% tariffs on China over retaliatory levies
Japan’s benchmark Nikkei 225 index has now risen 5%, news reports are saying.
The jump comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession.