# China has retaliated with an 84-percent tariff on US imports after Donald Trump’s 104-percent tariff on China kicked in. This has caused a further drop in European markets. The FTSE 100 index of the largest firms listed in the UK has dropped 3.3-percent so far today, while the German Dax is down 4-percent and the French Cac 40 is down 4-percent. Meanwhile the price of Brent crude oil has dropped to below 60-dollar a barrel, the lowest price since February 2021.
China retaliates with 84% tariffs on US goods as Trump’s trade war escalates