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

World markets hit by further losses on Tuesday in wake of Beijing’s retaliatory tariffs on US imports worth $60bn World markets plunged fur... thumbnail 1 summary

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.

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from US news | The Guardian http://bit.ly/2LFw0e5

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