China Hits Back at Trump Tariffs With Extra 34% Tax on US Goods

China hits back against Donald Trump’s tariffs, saying it will impose an additional 34% tax on US goods from next week

European markets fall further in response, with indexes in London, Berlin and Paris all down more than 3%

Trump announced a 54% import tax for China – one of the highest rates for any country

Need catching up on the basics? Read our summary here

Meanwhile, a treasury minister tells the BBC the UK is working “at pace” to secure a deal on trade with the US.

(BBC)