Chinese shares hit by Trump tariff threat

Chinese stock markets tumbled

US President Donald Trump threatened new tariffs on China, putting a trade deal in doubt.  He said on Twitter the US would more than double tariffs on $200bn (£152bn) of Chinese goods on Friday and would introduce fresh tariffs.

Recent comments had suggested both sides were nearing a trade deal. A Chinese delegation was due to travel to Washington this week for talks aimed at ending the trade war. US media has reported that China is now considering cancelling those talks, that were scheduled to resume on Wednesday.

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