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Beijing pledges more countermeasures if President Trump follows through on a threat for an additional 50% tariff on Chinese goods.

Plus, global equities regain ground after yesterday's market whiplash.

This is a standoff between markets and the White House, and markets are desperate for any sign that the White House is open to

negotiate to pausing the tariffs. And the White House is basically saying, don't even think

about it. And we'll get an update from the U.S.'s unusually quiet southern border. It's Tuesday,

April 8th. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition

of What's News, the top headlines and business stories moving your world today.

China is vowing to fight until the end in response to new U.S. tariffs, a day after President

Trump threatened to raise duties on Chinese goods by an

additional 50%. That pledge is cementing expectations that Beijing and Washington are set for a

deepening trade war, and within China, it's beginning to lead to a shift in monetary policy,

as the country seeks to boost exports and prop up domestic markets. Here with more,

his journal finance editor for Europe, Alex, we report China is now easing its grip on the yuan.

Walk us through what exactly is going on here. Yeah, so the Chinese government every day sets

...