Pound hit by Brexit worries; China hits back against latest US tariffs - business live

Sterling has dropped close to a one-year low as fears of a hard Brexit riseLatest: China announces tariffs on $16bn of US goodsCoal, medical equipment and steel products affectedPound falls against dollar and euroBrexit fears are hurting sterling 4.07pm BST So far, China has managed a tit-for-tat response to America’s trade tariffs -- including today’s retaliation to US plans for tariffs on $16bn of Chinese goods.But Beijing can’t respond in kind if Donald Trump implements his