SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. <\/p>\n
Cfoto | Future Publishing | Getty Images<\/p>\n
Asia-Pacific markets fell Monday after China and the U.S. tightened trade restrictions and traded fresh accusations, renewing tensions between the world’s two largest economies.<\/p>\n
China<\/a> on Sunday said “we are not afraid of” a trade war with the United States after President Donald Trump<\/a> vowed to impose punishing new retaliatory tariffs on Chinese imports<\/a>.<\/p>\n A spokesperson for China’s Ministry of Commerce<\/a> accused the U.S. of a “textbook double standard” with Trump’s promise<\/a> on Friday to tack on additional 100% tariffs on those imports after China imposed new export controls on rare earths minerals<\/a>.<\/p>\n The recent policy announcements may signal that China intends to push for greater concessions from the U.S., Goldman Sachs wrote in a note Sunday.\u00a0<\/p>\n Australia’s ASX\/S&P 200 lost 0.68%. South Korea’s Kospi plunged 2.35%, and the small-cap Kosdaq declined 2.24%.<\/p>\n Futures for Hong Kong’s Hang Seng Index<\/a> pointed to a lower open, trading at 24,968, against the index’s previous close of 26,290.32.<\/p>\n Japan markets are closed for the holidays.<\/p>\n In a Truth Social post<\/a> on Sunday, Trump suggested to investors the president may not follow through on his threat to post a “massive increase of tariffs” on China.\u00a0<\/p>\n That comment on Friday brought the U.S. trade war with China back to the fore, and sent stocks tumbling<\/a> in a rout that wiped out $2 trillion in market value<\/a>.<\/p>\n “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I,” Trump wrote. “The U.S.A. wants to help China, not hurt it.”<\/p>\n On Friday stateside, the three U.S. major averages declined.\u00a0<\/p>\n Stocks accelerated selling into the close, with the Dow Jones Industrial Average<\/a> closing down 878.82 points, or 1.9%, at 45,479.60. The S&P 500<\/a> lost 2.71% to settle at 6,552.51, while the Nasdaq Composite<\/a>\u00a0fell 3.56% to 22,204.43. The broad-based index’s decline was the largest since April 10.<\/p>\n","protected":false},"excerpt":{"rendered":"SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14,…\n","protected":false},"author":2,"featured_media":494878,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[4959,3085,1395,3686,32,21346,2441,49,978,659],"class_list":{"0":"post-494877","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-breaking-news-markets","9":"tag-business-news","10":"tag-china","11":"tag-donald-j-trump","12":"tag-donald-trump","13":"tag-hang-seng-index","14":"tag-markets","15":"tag-united-states","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115364148291084710","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/494877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=494877"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/494877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/494878"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=494877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=494877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=494877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}