Global markets plunge as China reacts to Trump’s steel tariffs (news: 23/03/18)

Today's press

• Global markets plunge as China reacts to Trump’s steel tariffs

  Global markets have dropped sharply after China retaliated against Donald Trump’s decision to impose tariffs on steel and aluminium, fuelling fears of an all-out trade war between the world’s two largest economies.

• China urges U.S. away from 'brink' as Trump picks trade weapons

  BEIJING/SHANGHAI (Reuters) - China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on up to $60 billion in Chinese goods moved the world’s two largest economies closer to a trade war.

• U.S. New Home Sales Fall in February

  Investing.com - Sales of new U.S. single-family homes fell in February, according to data released on Friday.

• $8K? Bitcoin Under Pressure After Rejection at Key Hurdle

  Bitcoin's (BTC) retreat from the 200-day moving average gathered pace in the last 24 hours, suggesting scope for a drop to $8,000.