Global market surge on President Trump's tariff pause, but plenty of questions remain for the global economy.

Live from the BBC World Service, this is the Marketplace Morning Report.

Will Bain in for Leanna again today, great as always to have your company.

Yes, stock markets in Asia closed up significantly today, and shares in Europe also up sharply too right now.

However, questions still remain about the nature of the 90-day tariff pause and what could be

agreed within that window. And of course, one country didn't escape further sanction with the White

House ramping up tariffs on Chinese imports to 125%. Beijing responded overnight by raising its tariffs on U.S. goods to 84%.

This morning, China's foreign ministry spokesman Lin Shan was in no mood to back down.

His words are voiced by a translator at the press conference.

Taking necessary countermeasures to oppose the US bullying moves is not only

aimed at protecting our own sovereignty, security and development interests, but also for

safeguarding international fairness, justice, safeguarding the multilateral trading system.

Lin Chan there. Well, Han Lin is China country head at the consultancy, the Asia Group.

Thanks for having me on.

The Chinese response to all of this so far then.

So far they've been quite frustrated, frustrated in the sense that they are quite surprised

that the US-China trade relationship has unraveled as

quickly as it has without a clear off-ramp towards a solution besides Chinese capitulation,

which doesn't seem likely to happen. And in terms of further responses, Han, we know that Beijing

has now imposed as 84% levy on all U.S. imports. What other tools do the Chinese government have in

terms of responses? So China has quite a diverse and deep toolkit of how to respond. In addition to

tariffs, they've also expanded export control bans on critical minerals. They've also put

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