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Global Markets: Stocks, metals hit by new U.S. trade war salvo

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - Stocks fell and metals prices slumped to their lowest in a year 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.The detailing overnight of U.S. President Donald Trump's already-threatened 10-percent tariffs 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 get imposed. Trump has said he may ultimately target more than $500 ...

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First Published: Wed, July 11 2018. 17:28 IST
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