Article 52XY8 Global markets recoil as Trump threatens US-China trade war

Global markets recoil as Trump threatens US-China trade war

by
Richard Partington Economics correspondent
from on (#52XY8)

US president escalates attack on Beijing's handling of coronavirus pandemic

Donald Trump's threats to reignite the US-China trade war over coronavirus has triggered another sell-off in global financial markets, as the economic costs of the pandemic continue to mount.

Against a backdrop of rising tension between the world's two economic superpowers, share prices resumed a downward slide on Friday with the FTSE 100 falling by 144 points, or 2.5%, in London.

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