Reuters: Global stocks slide, yen gains, as trade war fears grip markets
LONDON (Reuters) - The threat of a global trade war sent stock markets sliding on Friday and investors rushing for the safety of currencies like the yen and government bonds, after U.S. President Donald Trump announced tariffs on up to $60 billion of Chinese goods.
Another bruising week for stocks has left global equity markets heading for their first quarterly loss since early 2016 after a spike in volatility, nervousness about rising inflation and the specter of a trade war spooked investors enjoying a multi-year bull run.
European stocks fell, with Germany’s Dax down 1.4 percent, the French CAC 40 1.3 percent lower and Britain’s FTSE 100 0.4 percent in the red.
That followed large falls in the U.S. and overnight in Asia, although futures pricing pointed to a slight recovery for U.S. stocks when they opened on Friday.
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World Market Reaction To The U.S. - China Trade War
Markets edgy on US-China trade war fears -- BBC
World stock markets tumble on Trump trade war fears -- AFP
World markets roiled by fears of US-China trade war -- AP
Global markets plunge as China reacts to Trump’s steel tariffs -- The Guardian
U.S. Tariffs
Trump reveals $60bn of fresh tariffs on China as EU wins reprieve -- The Guardian
Donald Trump sets $77 billion China tariff plan, sending Wall Street tumbling -- ABC News Online
Trump to impose tariffs on $60bn of Chinese imports -- Al Jazeera
US launches WTO challenge against China -- AFP
Reaction From China
China targets $3 billion of US goods in tariff spat -- AP
China responds to Trump tariffs with proposed list of 128 US products to target -- CNBC
China plans tariffs on $3B worth of U.S. goods after Trump order -- UPI
China threatens retaliatory tariffs on US products -- DW
China urges U.S. away from 'brink' as Trump picks trade weapons -- Reuters
Commentaries and Analysis On The U.S. - China Trade War
Trade wars, Trump tariffs and protectionism explained -- BBC News
This is the start of the US-China trade war -- Zheping Huang, Quartz
China Started the Trade War, Not Trump -- Wall Street Journal
Here's How China Could Really Hurt Trump in a Trade War -- Shawn Tully, Fortune
China doesn't want trade war with US, its 'very best customer': Analyst -- CNBC
