Markets slide as Trump threatens China with $200bn of new tariffs - as it happened

     

The escalation of the potential trade war between the US and China following Donald Trump’s threat of new tariffs on $200bn worth of goods has sent a shudder through the markets.

With Wall Street lower - and the Dow Jones Industrial Average losing all its gains so far this year - European markets have ended the day in downbeat mood. The FTSE 100 was among the better performers, helped ironically by sterling hitting a seven month low.