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Friday, 06 April 2018 - 11:49
Global markets threatened by US – China trade war
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US President Donald Trump has instructed officials to consider a further $100bn (£71.3bn) of tariffs against China, in an escalation of a tense trade stand-off.
 
These would be in addition to the $50bn worth of US tariffs already proposed on hundreds of Chinese imports.
 
The proposal comes after China retaliated to that by threatening tariffs on 106 key US products.
 
The tit-for-tat moves have unsettled global markets in recent weeks.
 
Analysts have said a full-blown trade war between the US and China would not be good for the global economy or markets and that the ongoing behind-the-scenes negotiations between the two giants were crucial.
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