China said today it would impose an additional customs duty on US imports of 25 percent to $ 16 billion in response to the practices which described by Chinese Commerce's ministry with unreasonable as the U.S. admiration imposed an additional customs duty of 25 percent on $ 16 billion worth of Chinese goods On 23 August.
Markets were in a state of risk aversion and headed for safe havens, as the dollar fell against the yen to its lowest level since July 31 at 110.83. The euro rose to its highest level since August 2 at 1.1628 before erasing its gains and trading below 1.16.
Sterling fell after heavy selling to hit its lowest level in nearly a year at 1.2853, as markets expected Britain to leave the EU without a trade deal.
