Asian stocks slide as Trump hits more than 80 countries with new tariffs – business live

Jul 24, 2026 - 08:20
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Asian stocks slide as Trump hits more than 80 countries with new tariffs – business live

Rolling coverage of the latest economic and financial news

China has warned that trade wars are not in the interests of any party, after the US president Donald Trump announced a fresh wave of tariffs against more than 80 countries last night.

Chinese foreign ministry spokesman Lin Jian said in a statement:

We oppose all forms of unilateral tariff measures. Tariff wars and trade wars are not in the interests of any party.

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