World News: 10:13 GMT Friday 2nd August 2019. [Yahoo Business News Feed via SPi World News]
China on Friday threatened retaliation if U.S. President Donald Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China's government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing's trade surplus and technology ambitions. Trump rattled financial markets with Thursday's surprise announcement of 10% tariffs on $300 billion of Chinese imports, effective Sept. 1.
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