Sun. Sep 20th, 2020

Trade war: Stocks slide as Trump says ‘no deadline’ for China deal – business live

Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French cheese, wine, handbags and porcelain

11.44am GMT

ITV’s Joel Hills points out that the UK could soon have its own digital services tax — it’s in the Conservative manifesto!

Boris Johnson is planning a Digital Services Tax that is identical in name and very similar in design to the French tax that has enraged President Trump. The US is imposing penalty tariffs on French goods. Will this become an issue in trade talks if Boris Johnson becomes PM? pic.twitter.com/8GcmdB8rKX

11.33am GMT

This tweet shows the moment when Trump’s comments on China hit the wires, and rattled the Wall Street futures market:

Stocks drop on Trump China trade comments https://t.co/ALTElcnvG3 pic.twitter.com/fWUewBfrLb

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