Global stocks fall sharply as trade tensions between China and the U.S. escalate
Stocks around the world dropped Monday after the sudden intensification of U.S.-China trade tensions, sowing fears the conflict could spill over into slower economic growth.
U.S. futures and stock markets in Asia and Europe were lower, oil prices fell and the Chinese yuan weakened after President Trump threatened to ramp up U.S. tariffs on $200 billion in Chinese imports to 25%, up from 10% currently. That put an accord between the two countries in doubt ahead of a new round of talks set to begin this week in Washington....
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