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Global Market: Stocks slide on trade war worries; oil, metals fall

Reuters  |  NEW YORK 

By Hilary RussNEW YORK (Reuters) - U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world's two biggest economies closer to a full-scale trade war.U.S. President Donald Trump's threat overnight of 10 percent tariffs on another $200 billion of Chinese goods dampened hopes that Washington will eventually step back from the escalating row.The clock now starts ticking on a two-month period of public comment before the levies are imposed. Trump ...

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First Published: Thu, July 12 2018. 01:04 IST
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