Trade Pressure: Trade War and Commerce Industry

trade pressure: Almost immediately Beijing said it would retaliate, sparking fears over the impact a trade war could have on the global economy, according to The Guardian. The state-run Global Times said countermeasures were expected soon from Beijing's commerce industry. The US has dramatically increased trade pressure on China by raising tariffs on thousands of goods from 10% to 25%. With Chinese negotiators in Washington for trade talks that will resume this morning, the White House followed through on its midnight deadline to increase tariffs. All eyes will be on stock markets today to see how they react to the changes. In Tokyo the Nikkei was down around 0.8% while the Australian ASX200 was flat. In the immediate aftermath of the tariffs coming into force at 0500GMT, China's main index, the Shanghai Composite, was up 1.5% and the Hang Seng was up too. (news.financializer.com). As reported in the news.