China’s reply to Trump’s threat: will not be blackmailed, will fight till the end
#News Bureau April 8,2025
US President Trump had threatened to take new economic steps against China on April 7. In which he said that if China does not withdraw its recent retaliatory tariff hike of 34%, then the US will impose an additional 50% tariff on Chinese imports from April 9. China gave a strong response to this on Tuesday, April 8.
China responded to this threat by saying that it is not going to be afraid of “tariff blackmail”. Reacting to Trump’s threat, China said that it will take resolute countermeasures to protect its rights and interests. China’s Ministry of Commerce said in a statement, “The US side’s threat to increase tariffs against China is a big mistake, which once again exposes the blackmailing nature of the US side.” The ministry said, “If the US persists in its stand, China will fight till the end.”
Beijing had already imposed retaliatory tariffs of 34% on US goods in retaliation for Trump’s previous tariff moves. In addition, China has taken strong measures such as export controls on rare-earth elements, which are important for the global supply chain.
After Trump’s announcement, global stock markets witnessed huge turmoil. However, the Indian market has made some recovery on Tuesday, April 8. But on April 7, the Dow Jones Industrial Average fell 1,212.98 points (3.17%) to close at 37,101.88, while the S&P 500 fell 181.37 points (3.57%) to 4,892.71. The Nasdaq Composite fell 623.23 points (4%) to 14,964.56. The decline came with the biggest losses in the technology sector in 2025, where big names like Apple, Nvidia and Microsoft declined by 30%, 34% and 19% respectively.
The situation remained grim in Asia as well. Tokyo’s Nikkei index fell 7.1%, its biggest single-day drop in decades. Markets in China, Hong Kong and Taiwan also suffered heavy losses, especially as these markets were earlier closed for holidays and synced with the global decline on Monday. In India, the BSE Sensex and Nifty 50 saw an initial decline of 5%, the biggest since March 2020, although there was a slight recovery later.
Analysts believe that this tariff war is raising fears of a global recession. BlackRock CEO Larry Fink said at the New York Economic Club that the US economy may have already entered a recession and a further decline of 20% in the stock market is possible.
Latest updateTrump’s stubborn stance: On Monday, Trump told reporters that he is in no mood to stop or soften the tariff policy. He said, “We are not thinking about stopping it.” This statement came when leaders and investors of all countries were expecting relief from him.China’s response: China termed Trump’s latest threat as “mistake upon mistake” and citing Ronald Reagan’s 1987 anti-trade war speech, said it could collapse markets and lead to the loss of millions of jobs. Beijing indicated that it could take more retaliatory steps.Market condition: US markets showed signs of stability after some volatility on Monday morning, but Asian markets are still under pressure.
The European Union has also planned retaliatory tariffs, increasing the scope of the trade war.Impact on industries: Companies like Apple are trying to reduce the impact of tariffs by increasing iPhone shipments from India and China. However, experts say the cost increase could lead to higher consumer prices. Analyst warning: JPMorgan Chase CEO Jamie Dimon warned that Trump’s tariffs could make global demand disappear and weaken America’s international position.
Trump’s policy is part of his “America First” agenda, but it is proving to be a risky bet for the world economy. On the one hand, he claims that this will generate billions of dollars in weekly income for the US and there is no inflation. But experts disagree. They say that tariffs will increase prices, disrupt supply chains and increase the risk of recession. On the other hand, retaliatory action from countries like China could deepen this crisis.
