The FTSE 100 (^FTSE) and European stocks fell sharply on Wednesday as the latest set of US tariffs, including a huge 104% levy on Chinese imports, took effect. China has vowed to take “firm and forceful” steps to protect its interests,

London's FTSE 100 slumps again as Trump's savage tariffs come into force - Fears of a recession escalate as US and China slug it out in hugely damaging trade war

Financial markets in Asia and Europe have staged a partial recovery despite China hitting back at a fresh wave of threatened import tariffs by China.