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US trade war fears weigh on markets as South Korea sounds alarm – business live

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All the day’s economic and financial news, as anxiety over escalating trade tensions between China and Washington worry investors
The South Korean trade ministry is worried that demand for its ‘intermediary goods’ will be hurt, if America imposes tariffs on $200bn of Chinese goods.
These are products which are assembled to create a final product (for example, memory chips and hard drives used to build a computer).
The ministry explained:
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
City traders will be trudging wearily to their desks this morning after last night’s gripping World Cup drama, and worrying about the impact of a US-China trade war.
Donald Trump’s threat to impose tariffs on an extra $200bn of Chinese imports is causing rising anxiety.
South Korea’s government has weighed in this morning, warning that its exports could be hurt by the escalating dispute between Washington and Beijing.

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