Beijing escalated its response to Trump’s latest tariff threat, vowing to “fight to the end” if the U.S. proceeds with a 50% hike, according to The Wall Street Journal. China devalued the yuan and backed its stock market. U.S. stock futures jumped over 1%, and Japan’s Nikkei 225 surged 6% after Tokyo prioritized trade talks with the U.S. The Trump administration suggested flexibility on tariffs for allies including Japan and Israel.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Beijing escalated its response to Trump's latest tariff threat,
00:05vowing to fight to the end if the U.S. proceeds with a 50% hike.
00:09And according to the Wall Street Journal, China devalued the yuan and backed its stock market.
00:13U.S. stock futures jumped over 1%, and Japan's Nikkei 225 surged 6% after Tokyo prioritized
00:20trade talks with the U.S. Trump administration suggested flexibility on tariffs for allies,
00:25including Japan and Israel.
00:26For all things money, visit Benzinga.com slash GSTV.