Markets tumble as Trump ramps up pressure on China in $300bn trade war barrage

Tough new tariffs on Chinese goods entering the US sent markets tumbling as investors the intensifying trade war will inflict more pain on a world economy already suffering from the onslaught. “Until such time as there is a deal, we will be taxing the hell out of China, that’s all there is,” Mr Trump told a rally, after slapping a 10pc tax on the $300bn of imports from China not already covered by earlier tariffs

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