Global investors rattled as all-out trade war moves step closer

Beijing vows countermeasures if Trump administration acts on latest threat of tariffs

Global investors have been rattled after a threat by the Trump administration to impose 10% duties on $200bn (£151bn) of imports prompted protests from Beijing and brought an all-out trade war a step closer.

Stock markets headed lower in the US, Asia and Europe on Wednesday as the US warned that it would press ahead with further tariffs and China promised to “fight back as usual” with “firm and forceful measures” if they were enacted.

Related: From eels to anvils: Trump’s new China tariffs revealed

Continue reading…

Leave a Reply

Read the original at Economics | The Guardian.