Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’

Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’

European indices rise and cryptocurrencies rebound as new front in trade war looks less severe than feared after Trump post

European stock markets have edged higher and cryptocurrencies rebounded amid signs that a new front in the US-China trade war may not be a severe as first feared.

Tensions between Washington and Beijing escalated again on Friday and over the weekend, as Donald Trump threatened to impose additional US tariffs of 100% on China starting next month.

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