US stocks set to plunge as traders fret about China’s response to Trump’s trade war

US stocks are set to tumble, while Asian and European stocks slipped on Monday.Trump could expand duties to a further $325 billion of Chinese products after a tariff hike on Friday.Chinese officials have pledged to take any “necessary countermeasures” and refused to swallow “bitter fruit” that hurts their interests.“Investors are...

Stocks are tumbling on trade-war fears after China pledged to ‘fight until the end’

“Traders are increasingly pricing in a prolonged trade war hitting the global economy,” said Jasper Lawler at London Capital Group.The futures underlying the Dow and the S&P 500 are down around 0.6%, while Nasdaq are down 0.8%. Source: Stocks are tumbling on trade-war fears after China pledged to ‘fight until...

Global stocks are a sea of red on trade-war fears after Trump says China ‘broke the deal’

Global stocks and US futures fell after US President Donald Trump accused China of scuppering the two nations’ trade talks.The news fanned fears that his threatened tariff increases on $200 billion of Chinese goods will kick in on Friday.“China broke the deal,” Trump said at a rally on Wednesday night.“If...