Markets slide as China threatens to escalate trade war - business live
(The Guardian World News)

Beijing has alarmed investors by threatening counter-measures against the US, threatening to escalate the trade warLatest: Beijing says US has violated trade agreementFTSE 100 hits five-month lowEarlier:US yield curve inverts for second-day running10-year US bonds offer lower return than 2-year - a worrying signStocks have fallen across Asia todayLast night, Wall Street tumbled by 3% 10.53am BST China´s threatened retaliation is a slap in the face to Donald Trump.Yesterday, the US president claimed that Beijing was keen to make a deal, and even suggested a personal meeting with Xi Jinping to help resolve the protests in Hong Kong.Good things were stated on the call with China the other day. They are eating the Tariffs with the devaluation of their currency and `pouring` money into their system. The American consumer is fine with or without the September date, but much good will come from the short.......deferral to December. It actually helps China more than us, but will be reciprocated. Millions of jobs are being lost in China to other non-Tariffed countries. Thousands of companies are leaving. Of course China wants to make a deal. Let them work humanely with Hong Kong first!I know President Xi of China very well. He is a great leader who very much has the respect of his people. He is also a good man in a `tough business.` I have ZERO doubt that if President Xi wants to quickly and humanely solve the Hong Kong problem, he can do it. Personal meeting? 10.45am BST Neil Wilson of Markets.com says the threat of a deepening US-China trade war has spooked investors, wiping out the early recovery in Europe.This was always a very precarious bounce and it has died a quick death. Like a 1990s England Test top order it couldn´t even make it to lunch. Let´s see where we´re at by stumps.European indices rolled over into the red to hit day lows as a series of news flashes indicated further worries about trade, with China saying the US has violated past agreements with the 10 ...