08.04.2025 17:01
After a series of shocks in the US stock markets, the indicators turned green. The US stock markets are trying to recover their losses at today's opening. On the other hand, US President Donald Trump made a notable statement following the announcement of additional tariff decisions, indicating that China wants to reach an agreement.
The US stock markets made a green opening with a 3% increase after overcoming the initial shock. There is an effort to recover the losses following yesterday's nearly 6% drop.
On the other hand, as tensions rise on the US-China front, a notable statement came from Donald Trump. He claimed that China wants to make a trade deal but said that Beijing has not yet contacted Washington. In a post on the Truth Social platform, he stated, "They don't know how to start. We are waiting for their call. That phone will come!"
"A BIG DEAL IS NEAR"
Trump also announced that he had a comprehensive phone conversation with South Korea, stating that they are close to a big deal: We discussed enormous and unsustainable surpluses, tariffs, shipbuilding, large-scale purchases of US LNG, joint ventures in the Alaska Pipeline, and payment for the significant Military Protection we provide to South Korea.
Recalling that South Korea started these payments during his presidency, Trump said, "They contributed billions of dollars, but Sleepy Joe Biden canceled this deal. It was a shock for everyone."
CHINA'S RESPONSE WAS SEVERE
The trade war between China and the US is escalating again. In response to the additional tariffs imposed by US President Donald Trump on China, the Beijing administration stated, "If the US insists, China will respond with determined countermeasures to the end."
In consecutive statements from the Chinese Ministry of Commerce and the Ministry of Foreign Affairs, Washington's tariff policies were described as "blackmail" and "mistake upon mistake." China announced that it would not remain silent against this approach from the US and would continue to position itself as a strong and resilient actor in the global trading system.
RETALIATION SIGNAL FROM THE BEIJING ADMINISTRATION
The statement from the Chinese Ministry of Commerce included the following: If the US continues down this path, China will respond with determined countermeasures to the end. Meanwhile, the People's Bank of China also announced that it would provide debt support if necessary to maintain stability in the capital markets. Central Huijin, affiliated with the China Investment Corporation, stated that it would continue to support price stability by purchasing shares from the stock market.