European stocks set to open lower amid rising US-China trade tensions

Britain's FTSE 100 was seen falling about 100 points to 7,007, Germany's DAX down 141 points at 11,495 and France's CAC down 70 points at 5,265, according to IG index data.

Sentiment was shaken in the previous session as China announced plans to impose additional tariffs on $75 billion in U.S. goods, which was followed by President Donald Trump ordering American firms to find an "alternative" to operating in China. Trump said his administration would raise existing duties on $250 billion worth of Chinese products to 30% from 25% on October 1, while levies on another $300 billion in Chinese goods, which will start to take effect on September 1, will now be 15% instead of 10%.

Traders were also keeping a close watch on the Group of Seven summit in the Biarritz, France. The trade rift between the world's two largest economies has clouded the meeting of world leaders, with Trump claiming he "could declare a national emergency" over the issue.

But... the economy is strong...? 🙄 MAGA TrumpGibberish 🤪😅

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Asia stocks set to drop as US-China trade war intensifiesStocks in Asia were set to trade lower on Monday following an escalation in the U.S.-China trade war late last week. How about the stocks are coming back to historic P/E ratios? Hari kari anyone? Keep money under mattress, best bet
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Rep. Rouda: US-China trade war is bad for business, international relationsPresident Trump told the media at the G7 Summit that he could escalate the US-China trade war by declaring it a national emergency if he wanted to. Rep. Harley Rouda (D-CA) joins Alex Witt to discuss the president’s comments at the summit. Plus, the congressman addresses the Amazon rainforest fires. Don't forget the LIES!! Ya think?
منبع: MSNBC - 🏆 469. / 51 ادامه مطلب »