U.S. President Trump intensified trade tensions by threatening a 50% tariff on China, prompting Beijing to vow strong countermeasures. China's Commerce Ministry criticized U.S. actions as 'unilateral bullying,' stating, 'China will fight to the end.' Meanwhile, global markets, still recovering from massive sell-offs, saw leaders from Japan, India, and Malaysia formulate strategies to mitigate damage. Japan's Prime Minister Ishiba set up a task force to address the impact of U.S. tariffs, while India seeks concessions in its trade negotiations with the U.S. The situation raises concerns over a potential global recession, affecting consumer costs and international trade dynamics.