US President Donald Trump announced plans for tariffs of 25% on up to $60bn in Chinese imports, heightening fears of a trade war between the world’s two largest economies and sending US stocks sharply lower.► Subscribe to FT.com here:http://bit.ly/2GakujT► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs► Read Moscow thanks UK for helping Putin win landslide vote in Russia: http://on.ft.com/2pthnNtFor more video content from the Financial Times, visit http://www.FT.com/videoTwitter https://twitter.com/ftvideoFacebook https://www.facebook.com/financialtimes