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China shares, yuan stumble after U.S. threatens more tariffs

Reuters  |  SHANGHAI 

By Andrew Galbraith and Winni ZhouSHANGHAI (Reuters) - China's shares tumbled and the yuan weakened on Wednesday after the United States said it would impose tariffs on an additional $200 billion of Chinese imports in a sharp escalation of the trade conflict.Washington's latest move, which comes just days after both countries imposed tit-for-tat tariffs on $34 billion of each other's goods, ups the ante in a heated trade dispute that has rattled global financial markets.Investors are particularly worried the trade conflict could harm an already slowing Chinese economy in a blow to global ...

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First Published: Wed, July 11 2018. 08:29 IST