Shanghai Stocks Crash 7.3% as Trump Threatens 50% Tariffs in Escalating US-China Trade Showdown
Video Credit: Oneindia - Duration: 03:08s - Published
Shanghai Stocks Crash 7.3% as Trump Threatens 50% Tariffs in Escalating US-China Trade Showdown
Shanghai stocks suffered their steepest drop in years, with the Composite Index falling 7.3% after US President Donald Trump threatened an additional 50% tariff on Chinese imports.
At one point, losses topped 8%.
The move reignited fears of a full-blown trade war, with Beijing vowing to âfight to the endâ and announcing 34% retaliatory tariffs on US goods.
Market analysts warned that the escalating standoff between the worldâs two largest economies could trigger global recessionary pressures, as investor confidence crumbles under policy unpredictability and intensifying cross-border tensions.
#ShanghaiCrash #TrumpTariffs #ChinaVsUS #TradeWar2025 #GlobalMarkets #ChinaEconomy #USChinaTensions #StockMarketCrash #ShanghaiComposite #TariffThreat #EconomicShock #RecessionFears #TrumpTradePolicy #MarketMeltdown #FinancialTurbulence #BeijingRetaliates #TrumpVsChina #GlobalEconomy #USChinaConflict #InvestorPanic
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U.S. President Donald Trump ignites a fresh global firestorm by imposing a 125% tariff on Chinese goods, triggering strong backlash from Beijing and raising alarms across global markets. Chinaâs Foreign and Commerce Ministries accuse Washington of violating multilateral trade norms and warn that the U.S. is "going against the whole world."As tensions escalate, voices from Shanghaiâs financial district to local neighborhoods weigh inâsome expressing fear, others confidence in Chinaâs resilience.
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In a shocking twist, Chinese citizens in Shanghai are heaping praise on former U.S. President Donald Trump after he imposed a staggering 125% tariff on Chinese goods. While Beijing warns of economic retaliation and accuses Washington of violating global trade rules, locals appear to admire Trumpâs boldness, calling him a "hero" who âstirs the potâ like no other.
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US stocks drop again following another day of market volatility
The dramatic fluctuations came after global stock rallies earlier in the day, with indexes rising 6% in Tokyo, 2.5% in Paris, and 1.6% in Shanghai.
READ MORE : http://www.euronews.com/2025/04/09/us-stocks-drop-again-following-another-day-of-market-volatility
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Credit: euronews (in English) Duration: 01:20Published
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of Chinaâs tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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After a deadly attack in Kashmir that killed 26 people, China has urged India and Pakistan to show restraint and seek peaceful resolution. Chinese Foreign Minister Wang Yi stressed that conflict benefits no one, offering Beijing's support for de-escalation. Iran and Saudi Arabia have also stepped in, offering to mediate between the two rivals. As hostilities rise, India has expelled diplomats, suspended treaties, and closed borders, while Pakistan retaliated with its own measures. Global concern is growing over the threat of escalating conflict in South Asia.
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President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident that a deal is imminent in the coming weeks. He indicated a "number" that would make China comfortable, but the tariffs continue to cause market uncertainty and global recession fears. With China offering exemptions for critical goods, businesses hope these measures will ease tensions and stabilize supply chains. But, Beijing is prepared for a long-term fight if necessary.
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Trump claims meeting with China after Beijing denies any trade negotiations
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
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China has deployed its aircraft carrier Shandong and an electronic surveillance ship to the Western Pacific in a direct response to the US-Philippines Balikatan drills and the unprecedented deployment of ship-sinking missiles in Luzon Strait. The US Navy's USS Nimitz is also active in the region. Beijing warned that any military collusion targeting Chinaâs interests will face consequences. With 9,000 US and 5,000 Filipino troops participating, tensions in the South China Sea are at a boiling point, signaling a potential confrontation in the Taiwan Strait corridor.
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U.S. Treasury Secretary Scott Bessent has admitted that the ongoing tariff war with China, sparked by President Donald Trump's massive 245% tariffs, is "unsustainable."..
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