Stock market news: Global markets slammed as Trump intensifies trade war – Business Insider

LONDON — Global markets were getting hammered Wednesday as the trade war between the Trump administration and China intensified, with fears also rising that President Donald Trump could pull the US out of the NATO military alliance.

The US administration late on Tuesday released a huge list of new Chinese products subject to tariffs.

The US said it would be introducing tariffs of 10% to $200 billion worth of Chinese goods including seafood and other fresh goods, according to the list released by US Trade Representative Robert Lighthizer. He cited China’s retaliation to new tariffs already imposed by the US on $34 billion worth of Chinese goods.

via Stock market news: Global markets slammed as Trump intensifies trade war – Business Insider

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