UPDATE 1-Trump slams China on trade, says won't lose to Beijing

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UPDATE 1-Trump slams China on trade, says won't lose to Beijing
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President Trump on Monday slammed China over its trade practices, saying the United States was losing billions to Beijing and vowing to protect American commerce as tension escalated following his weekend threat to hike tariffs

WASHINGTON, May 6 - U.S. President Donald Trump on Monday slammed China over its trade practices, saying the United States was losing billions to Beijing and vowing to protect American commerce as tension escalated following his weekend threat to hike tariffs.

Global stock markets tumbled on Monday. Chinese shares fell 6 percent, U.S. stock market futures tumbled 1.6 percent and European stocks slid to a one-month low.

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