Global investors rattled as all-out trade war moves step closer
Global investors have been rattled after a threat by the Trump administration to impose 10% duties on $200bn (£151bn) of imports sparked protests by Beijing and brought an all-out trade war a step closer.
Stock markets headed lower in the US, Asia and Europe as the US warned that it would press ahead with new tariffs and China promised to “fight back as usual” with “firm and forceful measures” if they are enacted.
The FTSE 100 finished the day 100 points lower at 7,591, down 1.3%, while the Dax slipped 1.5% in Germany and the Dow Jones dropped 180 points, or 0.7%, in early trading. The... read more
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