Trump's fresh $300bn China tariff threat spooks markets – business live

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Rolling coverage of the world economy and market moves as US president Donald Trump fires his latest trade war missive at Beijing

The London stock market has fallen into the red at the start of trading, with the FTSE 100 opening lower by 1.6% or 114 points to 7,463 points.

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The result.... Putin and China win

No country should allow massive trade deficits and all trading terms should be equal; China is dangerous, they undercut all businesses using slave labour in giant factories, destroy local businesses, take away jobs, destroy skills, then buy up your assets or bribe governments

It happened before and bounced back.

So much for the brilliance of the market, it has fallen for Trump's idiotic will-he-won't-he again and again. Zero capability to learn even the simplest of lessons: that this is all just a game to Trump and he'll reverse the reversal again whenever he needs a distraction.

Fake news 😜 or true news👩🏻‍🏫🤔🤔

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