Wall Street and FTSE 100 sink as Trump intensifies trade war fears – business live | Business

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It’s been another choppy day for markets in Europe after an initially positive start. Once again it’s been an intervention by President Trump that’s upset the applecart, when in an impromptu question and answer session with journalists he held open the prospect that there would be no US, China trade deal, until after the US elections next year.

This insouciance about the prospect of putting off any deal has completely upended market expectations that we were potentially millimetres away from a deal, and also flies in the face of the optimism that has seen markets rally strongly over the last few weeks.

It also raises the very real prospect that the tariffs that are due to kick in on December 15th will now not get waived, and will actually get implemented. With the US President also mulling swinging tariffs on French luxury goods, equity markets are starting to look increasingly vulnerable to further…

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