From BBC News.

US stocks have rallied after days of turmoil, with European and Asian markets also stabilising.

White House Treasury Secretary Scott Bessent has called Beijing’s response to US tariffs a "big mistake", after China said it will "fight to the end".

It comes after US President Trump threatened to hit Beijing with an extra 50% tariff if it doesn’t withdraw its 34% retaliatory levy by the end of the day.

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