China says it will be forced to retaliate to Trump's tariffs as trade war tensions heat up
Asian markets initially went risk-off this morning in response to President Trump’s latest tariff announcement.
But sentiment improved over the course of the day, and Chinese stocks roared into the close.
However, just after 5pm AEST Reuters reported that Chinese officials said they will be forced to retaliate and are now preparing for a worst-case trade scenario.