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- European share markets followed Asian counterparts lower on Monday as investors took fright at news Washington was set to announce a new round of tariffs on Chinese goods.
- President Donald Trump’s expected announcement of new tariffs on $ 200 billion in Chinese goods drew an immediate threat of reprisals from Beijing.
- World shares remain more than 5 percent off their record highs touched in January, based on the MSCI world equity index <.MIWD00000PUS>, which tracks shares in 47 countries.
LONDON (Reuters) – European share markets followed Asian counterparts lower on Monday as investors took fright at news Washington was set to announce a new round of tariffs on Chinese goods in the latest escalation of their trade conflict.
U.S. President Donald Trump’s expected announcement of new tariffs on $ 200 billion in Chinese goods drew an immediate threat of reprisals from Beijing.See the rest of the story at Business Insider
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See Also:
- Trump’s trade war has China’s stocks, currency taking a beating while the US market soars
- Chinese stocks, yuan relieved after US offers exit ramp from tariffs on $ 200 billion in goods
- China’s auto sector is shrugging off the trade war
