A sea of red descended on traders' screens on Friday after US President Donald Trump warned that he could slap another $100-billion (about R1.2-trillion) of extra tariffs on China's imports, fanning fresh fears of a full-blown trade war between the two superpowers, dealers said. Trump ratcheted up the rhetoric against China, saying he had instructed his trade officials to "consider whether $100-billion of additional tariffs would be appropriate". "Trump's announcement of a potential further $100-billion of tariffs on China briskly ended any hopes of an amicable conclusion to escalating trade tensions," said London Capital Group analyst Jasper Lawler. World equities had powered higher on Thursday as investors judged recent trade war fears were overblown. However, Frankfurt, London and Paris equities languished in negative territory on Friday, as Trump's warning loomed large. "Stock markets in Europe are in the red ... as trade war fears have been ramped up," added analyst David Madde...
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