"China's position on the trade war is consistent. We do not want it, but we are not afraid of it."
"Analysts warn of continued market volatility as investors assess whether Trump's tariff threat represents a genuine policy shift or a tactical move designed to pressure China into concessions. Many believe the strategy could mirror Trump's earlier 'escalate to de-escalate' approach, where extreme measures are floated to accelerate negotiations."
"Trade wars and tariff uncertainty introduce volatility into the global economy. For major enterprises, especially those with complex supply chains or international footprints, this creates hesitation around IT spending. CIOs and CFOs may want to delay large IT investments, reassess"
Beijing warned it will retaliate if the United States imposes 100% tariffs on Chinese imports by November 1. China's commerce ministry described U.S. actions as 'wilful threats' and affirmed a consistent stance: 'We do not want it, but we are not afraid of it.' President Trump threatened sweeping tariffs and new controls on critical software after China restricted rare-earth exports that underpin U.S. industries. The threat erased about $2 trillion in U.S. stock value, with Dow futures plunging and the FTSE 100 falling nearly 1%. Analysts expect continued market volatility and debate whether the move is tactical or a true policy shift, while corporate leaders warn of delayed IT spending amid uncertainty.
Read at London Business News | Londonlovesbusiness.com
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