Global stocks are a sea of red on trade-war fears after Trump claimed that 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."If the two sides increase the tariffs ... growth on a global scale will take a hit," said one analyst. Stocks in Asia, Europe and futures in the US are slumping on Thursday after US President Donald Trump accused China of scuppering the two nations' trade talks, fanning traders' fears that his threatened tariff increases on Chinese goods will be implemented on Friday.

"China broke the deal," Trump said at a rally on Wednesday night, doubling down on the White House's assertion that Chinese officials reneged on agreed provisions in a draft trade agreement.

"If the two sides increase the tariffs on each other's imports, growth on a global scale will take a hit," said Konstantinos Anthis, head of research at ADSS.US stocks are poised to open lower, with the futures underlying the

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