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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.