Rising labour costs and tighter regulations in China had already led companies to consider moving their business elsewhere in Asia, but the trade war may force their hand
Moody's said the new tariffs would weigh on the global economy at a time when growth is already slowing in the United States, China and the euro zone
While Chinese factories suffer, manufacturers in other Asian hubs become beneficiaries -- up to a point
The package could be applied to more than 100 products, which Trump argued were developed by using trade secrets the Chinese stole from the US companies
In a scenario where the U.S. implements a 10 per cent levy on imports and the rest of the world retaliates the global economy would be 0.5 per cent smaller by 2020
China can handle any challenges and will resolutely protect its interests, but the two countries will continue to talk, Chinee commerce minister said
Trump has, in recent days, spoken a number of times about the 50 per cent duty that India levies on high-end motorbikes like Harley-Davidson
Canada's WTO ambassador said, 'We fear that US may be opening a Pandora's Box that we would not be able to close'
Firms from countries including in Europe, Japan, South Korea and Singapore are keen to invest in China's financial sector
The WTO is clearly concerned at the announcement of US plans for tariffs on steel and aluminium, he said
Boeing's 3.8% fall weighed the most on the index as worries about higher costs troubled investors
Oil prices were also under pressure, having fallen more than 1 percent the previous day on trade friction fears
Trump said on Thursday that tariffs of 25 percent on steel imports and 10 percent on aluminium, designed to safeguard American jobs in the face of cheaper foreign products
Trump said the duties of 25 percent on steel and 10 percent on aluminum would be formally announced next week although White House officials later said some details still needed to be ironed out.