Asian stock markets fall amid US-China tariff tension, what China said?

After Trump's announcement of raising US tariffs on China to 104 percent, Asian stock markets have fallen.

Japan's Nikkei 225 index has fallen by 3.5 percent while the indices of Hong Kong, South Korea, Australia and India opened with a decline.

Meanwhile, the US government has announced that from May, higher tariffs will be imposed on small parcels of cheap goods coming from China. This can cause huge losses to big Chinese companies like Shein and Temu.

While China has adopted a tough stand against the tariffs imposed by the US, other Asian countries have adopted different policies.

South Korea has said that it will not retaliate against the tariffs. Along with this, today South Korea has announced an emergency plan of two billion dollars to help its automobile industry.

Japan, which invests the most in America, has got the opportunity to talk directly with the White House.

Trump said during the National Republican Congressional Dinner on Tuesday that Japan is ready for talks.

'China will neither weaken nor bow down'

China's state media has responded to the 104 percent tariff imposed by the U.S.

At the time the tariff was imposed, a social media account associated with the state channel CCTV, named 'Yu Yuan Tan Tian,' posted about the tariff on Weibo, a Chinese microblogging platform.

The post stated, "We do not create trouble, but we are also not afraid of trouble. The Chinese people do not like pressure and threats."

The statement emphasized that China will fight until the end, while also making it clear that the path for dialogue remains open.

It concluded, "China will neither weaken nor bow down. We will demonstrate to the world our strong commitment to protecting the rules of international trade."

Prakash Kumar Pandey