Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
US President Donald Trump has ordered the expulsion of 60 alleged Russian spies from the United States in response to a nerve agent attack on an ex-spy in the English city of Salisbury. White House press secretary Sarah Sanders said the move, part of globally coordinated retaliation against Moscow, was taken “in response to Russia’s use of a military-grade chemical weapon on the soil of the United Kingdom.” Officials said that 48 “known intelligence officers” posted to the United States and 12 more at the Russian mission to the United Nations now have seven days to leave the country. Trump has also ordered the closure of the consulate in Seattle, which officials said was the focus of spying efforts against the nearby Kitsap submarine base and Boeing. One senior administration official said that there were still more that 40 known Russian intelligence officers operating in the United States, but Moscow’s “collection capabilities” would be “significantly” affected by t...