China says it will not bow to US pressure after Trump threatens additional 50% tariffs - business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn't retract planned countermeasures, as markets brace for further volatility Trump threatens additional 50% tariffs on China over retaliatory levies Several Chinese state holding companies have vowed to increase share investment as Beijing steps up efforts to stabilise a plunging stock market. Tuesday's announcements by China Chengtong Holdings Group and China Reform Holdings Corp came after Chinese state f...