Donald Trump has said things are “going along very well” with China, a day after financial markets around the world fell sharply following the president’s threat to impose a new tariff on $300bn (£248bn) of Chinese goods, in a rapid escalation of the trade war between Washington and Beijing.
The FTSE 100 was down more than 2% as markets across Europe tumbled on Friday, continuing a wave of selling pressure around the world in the aftermath of the president’s announcement on Thursday evening, which dashed hopes of a resolution to the US-China trade war.
Tweeting on Saturday, Trump sought to down play the tension, and insisted US consumers were not paying for import taxes he has imposed on goods from that country although economists say Americans are footing the bill. » | Guardian staff and agencies | Saturday, August 3, 2019
