Article 4F12B Global markets fall as China hits back at US with new import tariffs

Global markets fall as China hits back at US with new import tariffs

by
Larry Elliott and Rupert Neate
from Economics | The Guardian on (#4F12B)

World markets hit by further losses on Tuesday in wake of Beijing's retaliatory tariffs on US imports worth $60bn

World markets plunged further on Tuesday following heavy losses on Wall Street after China delivered a swift rebuff to Donald Trump by imposing retaliatory tariffs on $60bn of US imports.

Beijing ignored warnings from Trump about the dangers of escalating the trade conflict and sent tremors through global markets by announcing a new 25% import duty on a range of US products.

Related: US-China trade deal: Donald Trump insists there's no rush to secure deal

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