China has responded strongly after US president Donald Trump with an extra 50% tariff if it doesn't withdraw its retaliatory levy on Tuesday
it would never accept the "blackmail nature of the US" and vowed to "fight till the end"
Analysts say the stand-off increases the likelihood of an all-out trade war between the world's two largest economies
The new tariffs could leave some US companies bringing in certain goods from China facing a 104% tax
Most Asian markets opened higher on Tuesday, although Taiwan saw a further 4% fall
Europe's biggest stock markets - including London's FTSE 100 - all closed over 4% down on Monday
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