GLOBAL MARKETS-Stocks, Oil Fall as US-China Tariff War Escalates

GLOBAL MARKET - NEW YORK. Major stock indexes fell on Tuesday as the trade war between the United States and China intensified, while oil prices and the U.S. dollar also eased.

The United States said 104% duties on imports from China will take effect shortly after midnight. The news drove up concerns about slowing growth and higher inflation that have pummelled stocks since last week.