Markets rattled again by trade war fears after Chinese retaliation
by Nick Fletcher from on (#3JYY0)
Shares fare better in Europe than Asia after China's response to US tariffs less dramatic than feared
Global stock markets have been rattled again by fears of a trade war between the world's two largest economics after China retaliated to Donald Trump's plan to impose tariffs on up to $60bn (42.4bn) worth of Chinese products.
Hours after Trump announced the proposed import duties - which are expected to cover sectors such as robotics, hi-tech trains and aerospace - China said it had prepared retaliatory tariffs on about $3bn worth of US imports. Beijing urged Washington to negotiate a settlement as soon as possible.
Related: A trade war would be bad, but Trump does have a point
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