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Steel and aluminum tariffs trigger sharp stock market sell-off in US and Asia

12:08 AM

Threat of a trade war with China led investors to sell off US manufacturers including Caterpillar and Boeing

World stock markets have tumbled after Donald Trump said the United States would impose tariffs of 25% on steel imports and 10% on imported aluminum next week.

The threat of a trade war with China and higher goods prices led to a sharp sell-off in Wall Street on Thursday, causing Asian markets to take fright on Friday.

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from US news | The Guardian http://ift.tt/2FHqsJ5

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