China retaliates with 84% tariff on US goods, European stock markets fall further

China has revealed plans to impose an extra 84% in tariffs on all imports coming from the United States.

According to China's Finance Ministry, these new duties are set to come into force at 12:01 a.m. China Standard Time (05:00 a.m. BST) on April 10.

This is after the White House announced that they will impose a 104 per cent tariff on China beginning Wednesday.

European stock markets, already under pressure, have fallen even more following China’s decision to impose 84% tariffs on imports from the US.

The UK’s FTSE 100 has already declined by 3.3%, while Germany’s DAX and France’s CAC 40 are also down by 4%.