Oliver Conway

Stock markets around the world have continued to struggle with big falls in Asia and Europe. In the US itself, the S&P 500 dropped sharply on opening. But for briefly rising a massive 8% on reports that tariffs might be paused. President Trump later dismissed those rumours.

He also spoke about his threat to impose an additional tariff on China, taking the total to more than 100% after Beijing announced a reciprocal levy of its own on Friday.

He also spoke about his threat to impose an additional tariff on China, taking the total to more than 100% after Beijing announced a reciprocal levy of its own on Friday.

So are the tariffs here to stay or will there be negotiations? A question for our New York business correspondent Erin Delmore.

So are the tariffs here to stay or will there be negotiations? A question for our New York business correspondent Erin Delmore.

At the same time, the president announced his threat to impose additional tariffs on China. What is likely to be the impact of that?

At the same time, the president announced his threat to impose additional tariffs on China. What is likely to be the impact of that?

I mean, it's been a very busy day trying to keep track of rumours and announcements and news conferences. How are traders and business people in the States feeling now?

I mean, it's been a very busy day trying to keep track of rumours and announcements and news conferences. How are traders and business people in the States feeling now?

Eric Delmore in New York. Shortly after President Trump finished speaking at the White House, China said it would not bow to his latest threat. Meanwhile, European trade ministers have been discussing their response to the new US tariff regime. They're drawing up a list of countermeasures to be agreed next week, with more to follow.

Eric Delmore in New York. Shortly after President Trump finished speaking at the White House, China said it would not bow to his latest threat. Meanwhile, European trade ministers have been discussing their response to the new US tariff regime. They're drawing up a list of countermeasures to be agreed next week, with more to follow.

But the EU Trade Commissioner, Maros Shevchevich, made clear his preference was for negotiations.

But the EU Trade Commissioner, Maros Shevchevich, made clear his preference was for negotiations.

So what should we make of this? I asked our Europe correspondent, Rupert Wingfield-Hayes.

So what should we make of this? I asked our Europe correspondent, Rupert Wingfield-Hayes.

OK, and if they don't get any response in the next couple of days, they will look to these countermeasures. I mean, how difficult was it to come up with a list, given the differing priorities of all the EU member states?

OK, and if they don't get any response in the next couple of days, they will look to these countermeasures. I mean, how difficult was it to come up with a list, given the differing priorities of all the EU member states?

Rupert Wingfield-Hayes in Berlin. The Oval Office news conference, which went on for the best part of an hour, also covered topics other than tariffs, including Gaza and the Israeli hostages. The Israeli Prime Minister Benjamin Netanyahu spoke about President Trump's plan to evacuate Palestinians while the strip's being reconstructed.

Rupert Wingfield-Hayes in Berlin. The Oval Office news conference, which went on for the best part of an hour, also covered topics other than tariffs, including Gaza and the Israeli hostages. The Israeli Prime Minister Benjamin Netanyahu spoke about President Trump's plan to evacuate Palestinians while the strip's being reconstructed.

Well, for his part, President Trump revealed that the US has been holding direct talks with Iran and that a high-level meeting was due to be held on Saturday. He said if the talks on the Iranian nuclear programme failed, Iran would be in great danger. Siavash Adlan of the BBC Persian service has this assessment.