May 01, 2020 / News
Global markets recoil as Trump threatens US-China trade war
Against a backdrop of rising tension between the world’s two economic superpowers, share prices resumed a downward slide on Friday with the FTSE 100 falling by 144 points, or 2.5%, in London.
Selling pressure resumed on Wall Street after recording gradual gains in recent weeks amid rising hopes a turning point had been reached for the coronavirus crisis. As fears over the economic costs from the disease mount and as the White House ramped up the threat of a renewed trade conflict with Beijing, the Dow Jones industrial average fell by more than 2% in afternoon trading in New York.