Asian and European stocks hit as trade war fears intensify

China impacted in particular

Asian and European equities have once again been impacted by talk of a full-blown trade war after the European Commission threatened retaliation on $300bn of US products.

In a written submission to the US Department of Commerce seen by the Financial Times, Brussels set out its response to US President Donald Trump's threat to slap tariffs on imported vehicles. The European Commission said the measures could apply "across sectors of the US economy" accounting for as much as $294bn worth of goods. Trump said on Sunday the European Union was "as bad" as China in terms of running a trade surplus with the US. 'A policy mistake of gigantic proportions': Markets and experts react as China hits back at Trump's trade tariffs Following the heightening tens...