Markets dive first thing this morning as China ups the ante in the trade dispute with Washington, slapping tariffs onto $75bn worth of U.S. goods. President Trump has hit straight back, however, demanding that American manufacturers seek out alternatives to Chinese markets but he left observers confused by comments hinting that he may have regretted escalating the trade war. We are live at the G7 in Biarritz, France, for the latest. Investors looking for a safe haven have pushed gold prices up to a six-year high but oil prices fall on the back of recession fears. And Hong Kong is again rocked by violence for the 12th consecutive week with police drawing weapons and firing water cannons at pro-democracy protestors.

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