Oil and stocks fall as trade row heats up

Global markets and oil prices fell after US President Donald Trump ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75bn (€67bn) in US goods, throwing a new twist into the bitter trade war between the world’s two largest economies.

"We don’t need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP," Mr Trump tweeted.