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European shares suffer as trade jitters, weak data weigh
March 22, 2018 4:52 AM EDTBy Helen Reid and Danilo Masoni
LONDON (Reuters) - Concerns about trade sent European shares tumbling on Thursday as the United States prepared to announce hefty tariffs on Chinese imports, with banks, basic resources stocks and tech the worst-performing.
U.S. President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion in Chinese imports.
Separately, the European Union secured an exemption from U.S. tariffs on steel and aluminum imports set to come into force on Friday.
The pan-European STOXX 600 index fell 1.6 percent to its lowest level in more... More
