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European markets slip into red after China ups ante by increasing retaliatory tariffs on US goods to 125%
Stock markets slid further on Friday amid growing fears of an escalating trade war between the world’s two biggest economies, as China announced it would increase its to 125%.
The increase from 84% ups the ante to the same level as the US 125% “reciprocal” tariff on Beijing’s imports that , although the White House clarified later that day that its total levies on Chinese goods were now at least 145%, when a separate 20% was included.

State media is warning that people weighing less than 50kg (110lbs) may be "easily blown away".

The BBC's Stephen McDonell says China remains undeterred as the fallout over US tariffs continues.

Chinese leader canvasses Spain and other trading partners on how to tackle economic fallout as market turmoil continues
China has raised its tariffs on US products to 125% in the latest salvo of the trade dispute with Washington, just hours after Xi Jinping said there were “no winners in a tariff war”.
Xi made the comments during a meeting with the Spanish prime minister in which he invited the EU to work with China to resist “bullying”, part of an apparent campaign to shore up other trading partners.

China bans American drones now Trump's tariffs have passed double the levels that were seen in lead-up to World War 2... I know which will have more effect on drone sales!

The Chinese are becoming increasingly opposed to President Donald Trump's tariff policy, which hits China directly.

The Chinese are becoming increasingly opposed to President Donald Trump's tariff policy, which hits China directly.

The White House has made clear to Chinese officials that President Xi Jinping should request a call with Trump. But Beijing has repeatedly refused to arrange a leader-level phone call.

Clean energy investors likely to pull back from US, but other countries may seize opportunity to speed transition
Donald Trump’s upending of the global economy has raised fears that climate action could emerge as a casualty of the trade war.
In the week that has followed , economic experts have warned that the swathe of tariffs could trigger a global economic recession, with far-reaching consequences for investors – including those behind the green energy projects needed to meet climate goals.

Taiwan launches first such prosecution, alleging the captain of the Chinese-crewed Hong Tai 58 dropped anchor near an undersea cable that then damaged it
Prosecutors in charged, for the first time, a Chinese ship captain with intentionally off the island in February, after a rise in sea cable malfunctions alarmed Taiwan officials amid tensions with China.
Prosecutors say the man was captain of the Chinese-crewed Hong Tai 58, registered in Togo, which Taiwanese authorities detained after suspecting the ship had dropped anchor near an undersea cable off southwestern Taiwan, allegedly damaging it.

Chinese companies are relieved Trump’s wider tariffs have been paused but on social media, posts are full of defiance
On Thursday morning in Shanghai, as shoppers filled the luxury malls and delivery drivers whizzed around the winding streets at breakneck speed, financiers breathed a cautious sigh of relief. Overnight, US President Donald Trump had , announcing a 90-day pause on his so-called “reciprocal tariffs” of up to 50% for dozens of countries. Although China got no such reprieve – instead, the levy on Chinese goods was increased to 145% – the temporary return of normal trade channels showed Chinese businesspeople that all was not lost.
Trump’s announcement of punitive tariffs on countries across south-east Asia had risked closing off the routes that Chinese companies have been using since his first term in office to circumvent his levies.

After doubling down on his promise not to pause his latest tariffs, Donald Trump has announced a 90-day pause for most countries except China. Why did he change his mind?
Jonathan Freedland speaks to James Bennet of the Economist about who might have forced the president’s hand, and what could happen next
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