China raises the tone in the trade war after Trump has threatened with new tariffs, saying it will "fight to the end":

  • China has promised to "fight all the way" if the US continues to intensify the trade war.
  • US President Donald Trump threatened to extend tariffs from 25 percent to almost all Chinese products if his country counterpart, Xi Jinping, did not meet with him at the G20 summit to be held in Japan later this month .
  • "If the US is only trying to boost trade tensions, we will respond decisively and we will fight to the end," the Chinese Foreign Ministry told Reuters.

The Chinese government has promised to "fight to the end" if the US continues to intensify the trade war between the two countries.

"China does not want a trade war, but we are not afraid of a trade war," Chinese Foreign Ministry spokesman Geng Shuang told Reuters.

China picking up Trump threats tone

"If the US is only trying to increase trade tensions, we will respond with determination and we will fight to the end."

These statements were published after US President Donald Trump threatened to immediately expand tariffs for almost all Chinese products if his country counterpart, Xi Jinping, did not meet with him at the G20 summit to be held in Japan during the this month.

"It is expected that we will meet and that's good, but if we have not come to meet ... look, from our point of view the best deal we can have is a [a tariff of] 25% of the 600,000 million [in Chinese imports, "Trump told CNBC on Monday.

Trump has already imposed $ 250,000 million ($ 220,000 million) China import tariffs and said it would apply 25% or "much higher" tariffs to other 300,000 millions of euros (just over 265,000 million euros). The imports that will be affected include smartphones, laptops, TVs, video game consoles and USB sticks.

In spite of the growing threat of tariffs, Asian stock markets rose Tuesday after the Chinese government's latest attempt to boost its national economy. Beijing has announced it will allow the use of special bonds by local authorities to finance large infrastructure works such as motorways, railways and energy projects, according to Reuters.

The exchanges also benefited from Trump's decision to postpone the imposition of tariffs on Mexican imports and the prospect of US dollar cuts. after the federal federation has promised to take appropriate measures to protect the US economy.

"Stocks continue to rise as investors put aside their concerns about trade war and doubled their bets, that the Federal Reserve is rescuing," says Neil Wilson, chief analyst at Markets.com.

"But we warn you not to trust that none of these two phenomena comes out exactly as the bull would like."

So there are the markets around lunch:

  • Asian stock markets rose, Shanghai Composite by 2.6%, SZSE 3.7%, and Hang Seng Hong Kong by 0.7%.
  • European stock markets also move positively in the first trading hours, including Ibex 35 0.38% return, DAX 1.3% from Germany, UK FTSE 100 is up 0.47% and Euro Stoxx 50 in growth of 1.06%.
  • It is anticipated that US markets will open up, as Dow Jones Industrial Average and S & P 500 futures rose 0.47% and Nasdaq futures contracts rose 0.65%.
  • Oil rose 0.88 percent to $ 53.73 a barrel, and Brent rose 0.26 percent to $ 62.45 a barrel. increased 0.4% to $ 62.50.