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Oil, stocks slide on Trump's new trade salvo

China warned it was fully prepared to respond with a "fierce counter strike" of fresh trade measures

Reuters 

Crude oil and global equity markets tumbled on Friday after U.S. President Donald Trump upped the ante in a trade dispute with China, reviving investor jitters about the impact a tariff war could have on the world economy. MSCI's gauge of worldwide equity markets fell more than 1 percent and stocks on Wall Street skidded more than 2 percent after Trump threatened late on Thursday to add another $100 billion of tariffs on Chinese goods. China warned it was fully prepared to respond with a "fierce counter strike" of fresh trade measures if the United States follows ...

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First Published: Sat, April 07 2018. 02:17 IST
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