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Tillerson exit, renewed trade war fears pummel world shares, dollar

The tariffs, reportedly targeting Chinese tech, electronics and telecoms, were revealed by sources hours after Trump abruptly fired Secretary of State Rex Tillerson

Reuters  |  London 

World shares slipped for the second straight day and the dollar held near one-week lows after U.S. President Donald Trump's threats to slap $60 billion in tariffs on Chinese imports reminded investors of the threat to world economic growth. Equity markets were attempting to recover after Tuesday's hefty losses, heartened by robust Chinese factory data, but struggled to overcome fears of a global trade war as well as the prospect of political uncertainty in the United States. "As long as the threat of protectionism and a trade war remains, markets will remain ...

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First Published: Wed, March 14 2018. 15:13 IST