China vows ‘fight to the end’ after Trump threatens extra 50% tariff
Beijing and Washington swap warnings of additional trade retaliation as markets rebound in Asia
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China says it will ‘fight to the end’ after Trump threatens additional 50% tariffs – business live
Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’
South Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.
The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December.
India’s tech stocks take a beating
Also in this newsletter: southern states’ anxiety about delimitation, and Harshjit Sethi’s mantra
Trump’s tariffs are ‘teeing up a nationwide recession’, says Chuck Schumer – US politics live
House democratic leaders also condemn tariffs as group backed by Trump allies mount legal challenge to stop tariffs
EU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.
It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato.