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US-China trade war sends US markets into free fall

BY Maggie Pagano   /  13 May 2019

US markets were in free fall last night as the trade war between the world’s two biggest economies notched up a level.

The Dow Jones Industrial Average fell by 639 to 25,309 by lunchtime US time after China retaliated yesterday to President Trump’s latest tariff hike on $200bn worth of goods with its own tariff increase.

Not to be outwitted, China hit back with tariffs worth $60bn.