Dow Jones down by over 300 points after US/China tariffs
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BBC: The Dow Jones was down more than 300 points, or 1.6%, at the open after Asian and European markets fell sharply earlier.
Mr Trump has threatened to put tariffs on an extra $200bn (£141bn) of Chinese goods, sparking fears of a trade war.
The US president said the tariffs would be imposed if China “refuses to change its practices”.
He condemned China’s “unfair practices related to the acquisition of American intellectual property and technology” and added: “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.”
The markets reacted badly with China’s Shanghai Composite faring the worst in Asia, ending the day down 3.8%.
In Europe, Germany’s Dax index was down 1.2% by the close and France’s Cac 40 had lost 1.1%.
London’s FTSE 100 ended the day at 7,603.85, a fall of 27 points or 0.36%.
Away from Mr Trump’s dispute with China, Russia said it would impose tariffs on certain American goods in response to the recent tariffs placed on steel and aluminium imports by the US.
Russia’s Economy Minister, Maxim Oreshkin, said the tariffs would target goods of which the Russians already had domestic equivalents.
