Global Markets Show Signs of Recovery After Trump Tariff Triggered Losses

European markets held on to early gains, and major Asian markets show signs of slight recovery on Tuesday, following days of losses in the wake of Donald Trump’s tariffs.

The UK’s FTSE 100 opens one percent up, with France’s CAC 40 index up 1.8 per cent and Germany’s Dax opening 1.3 per cent higher.

Meanwhile, China says it will “fight to the end” after Trump threatened to hit Beijing with an extra 50 per cent tariff if it doesn’t withdraw its retaliatory levy on Tuesday.

Beijing’s commerce ministry accuses the Trump administration of blackmail and describes the tariffs as a typical unilateral bullying practice.

The new tariffs could leave some US companies bringing in certain goods from China facing a 104 per cent tax.