Markets Slide as Trump Threatens China with $200bn of New Tariffs
Donald Trump’s threat has met with an immediate, chilly response from
The Ministry of Commerce in
“If the
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Markets are sliding today after president Donald Trump escalated America’s trade dispute with
Overnight, Trump threatened to impose a 10% tariff on $200bn of Chinese imports, a tit-fot-tat move that could trigger a full-blown trade war.
Trump is angry that
The president declared:
“Unfortunately,
“Further action must be taken to encourage
The news has sent Asian investors reeling. China’s stock market has fallen by 2.7% and
European markets are expected to slide too, with Britain’s FTSE 100 called down 55 points (0.7%).
Michael Hewson of
Things have changed overnight after President Trump upped the ante by threatening another $200bn worth of tariffs at a 10% rate on a whole new raft of Chinese goods and services, if
This upping of the ante saw markets in
Asian stock markets today Photograph: Bloomberg TV Here’s the agenda
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- 1,30pm BST: US housing figures
Donald Trump’s threat has met with an immediate, chilly response from