Tuesday 20 November 2018
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inquirer - 5 month ago

Asian markets tumble as Trump tariffs spark trade war fears

HONG KONG, China -- Fresh fears of a trade war between the world s top two economies sent Asia markets tumbling on Monday after the United States and China imposed tit-for-tat tariffs on billions of dollars of imports. Energy firms were among the biggest losers as oil prices plunged ahead of a key OPEC meeting, where Saudi Arabia and Russia are expected to lift a two-year-old production cap. Donald Trump s decision to hit China with 25 percentlevies was met with an immediate retaliation, moving the two

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