Stock markets in the US, Europe and Asia plunged after US President Donald J. Trump threatened new tariffs on China and putting a rumoured trade deal in doubt.
Trump said he would raise tariffs to 25% on $200 billion of Chinese imports by 10 May and introduce the same rate on an additional $325 billion. The markets had believed that the two sides were close to an agreement, but US Trade Representative Robert Lighthizer confirmed that Washington is ready to hike tariffs, citing "an erosion in Ch...
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