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Global Markets: Stock markets roiled as U.S. ups ante in trade conflict

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - A sell-off in Chinese markets knocked Asian stocks on Wednesday as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world's two biggest economies ever closer to a full-scale trade war.Washington proposed the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.The United States had just imposed tariffs on $34 billion worth of Chinese goods on Friday, drawing immediate retaliatory duties from Beijing on U.S. imports in the ...

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First Published: Wed, July 11 2018. 10:40 IST
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