Good morning, and welcome our ongoing broadcasting of the world economy, the financial markets, the eurozone and business.
Commercial war fear continues to rise through the markets today, after Donald Trump threatened to be able to do so; installing new products on China products.
The US president blocked hopes that Beijing had been stopped, saying that it was "very similar" to take a bid from the head of China Xi Jinping to stop new taxes to & # 39; coming in the next January.
It was hoped that Trump and Xi could reach an agreement, perhaps at a G20 meeting this week, which would block America from reducing shorter turns on more Chinese products.
He talked to Wall Street Journal, Trump sent these hopes to show that he would appear to raise the amount of his / her debts; currently $ 200bn of Chinese export exports in January, from 10% to 25%.
Trump raised the extra campaigns, threatening slap targets another one $ 267bn – which means that all Chinese goods into America would be more expensive.
"If we do not make a contract, I'll add the $ 267 billion more."
This may include installments on Apple products introduced from China, and the president added – something iPhone and MacBook users hit in the pocket .
Trump added that Beijing must be aware of the US's concerns over the trade, saying:
China needs to open their country to a United States competition. "
Fees are effective as a fee for consumers (if the merchant does not expect their own expense). Trump thinks it's possible for babysitting to be in a position; deal with better products, saying:
"I can do it [the tariff] 10 per cent, and people could stand so easy. "
The people on Main Street may not disagree, so Trump's meeting with Xi will be close to this weekend's G20 meeting.
Also coming up today
Brexit, and the Italian budget series, are both investors' minds today.
On the economic frontal, we get UK sales sales, and US house prices and consumer confidence stats.
- 11am GMT: CBI Survey on sale of UK sales in November
- 2pm GMT: Check your eyes on the prices of US houses
- 3pm GMT: US user confidence report