World stocks were falling again Thursday on reports that the Trump administration is considering a higher tax rate on Chinese imports, increasing the stakes in the economic powers' trade war. Britain's FTSE 100 slid 1.2 percent to 7,559 after the Bank of England raised its main rate by a quarter point. ASIA'S DAY: Japan's Nikkei 225 index sank 1.0 percent to 22,512.53 while the Shanghai Composite index lost 2.0 percent to 2,768.02. TRADE TALK: The Trump administration said it might put a 25 percent tax on $200 billion in imports from China. It raised its main rate to the highest since 2009, when the global financial crisis was tearing through the world economy.

Source: ABC News August 02, 2018 07:24 UTC