The European shares open lower in the first session of this week, to head for more losses amid increased worries over the US-China trade wars.

Last week, Trump announced that an additional 10% in tariffs will be imposed on Chinese imports worth $300 billion, as he pointed out that this decision will come into effect starting from September 1st.

Trump justified the decision on China's stalling and its postponement of an agreement, while not abiding by its pledges which was made during the previous rounds of talks.

Otherwise, Trump announced that the US and the EU have reached a deal on the increase American beef purchases by The Europen countries.

The Brexit continues to overshadow the markets in the European Union, after British Prime Minister, Boris Johnson, is seeking a no-deal Brexitt.

As of 12:32 GMT, Stoxx Europe 600 Index fell by 1.9% (7 points) to 371 points.

The British FTSE 100 fell by 2.2% (163 points) to 7,244 points, with Germany's DAX falling by 1.5% (185 points) to 11,687 points.

US dollar fell during trading today, on the back of China response to the latest decision by the US administration, in which additional tariffs will be imposed by the US on its imports from Beijing.

Trump announced that an additional 10% in tariffs will be imposed on Chinese imports worth $300 billion, as he pointed out that the will come into effect starting from September 1st.

Accordingly, news reports today showed that the Chinese government has asked local companies to stop the US agricultural commodities purchases.

China ordered these companies to stop imports pending the results of the next trade talks round with the US.

The US Federal Reserve bank cut interest rates for the first time since 2008, to 2.25 percent during last week, whilst, the US economy has added 164,000 new jobs in July.

Meanwhile, as of 13:15 GMT, dollar fell against a basket of major currencies by 0.4% and reached 97.6 points, with the highest at 98.1 points and the lowest at 97.6 points.

Gold rose during trading today as investors took shelter in the safe haven assets such as the precious metals, due to the US-China trade war and its impact on the global markets.

Bloomberg reported today that the Chinese government has asked  companies to stop the US agricultural commodities purchases.

Beijing pointed out that this decision comes in response to President Donald Trump's decision last week, as his administration has announced that starting from September 1st, it will start imposing additional tariffs Chinese goods worthing $300 billion.

Trump's administration have intensified the trade war against China, especially after it criticism of Beijing's stalling the negotiations until the next US presidential election in 2020.

Accordingly, US dollar fell against major currencies by 0.4% to 97.6 points as of 12:41 GMT, with a high at 98.1 points and a low at 97.6 points.

Whilst, by 12:42 GMT gold prices rose by 1.1% to $1473.8 per ounce, with a high at $1475.7 and a low at $1448.8.

US stocks dropped today due to a massive sell-off in the markets after China responded to President Donald Trump's latest decision which has further escalated the ongoing trade war.

News reports today showed that the Chinese government has asked  companies to stop the US agricultural commodities purchases until the pace of the trade talks between the two countries is more clear.

Trump's administration has announced that starting from September 1st, it will start imposing additional tariffs Chinese goods worthing $300 billion.

Trump accused China of currency's manipulation for competitive advantages on the expense of the US.

Dow Jones fell by 2.2% (equivalent to about 600 points) reaching 25,896 points, Nasdaq shed 2.9% (236 points) to reach 7,767 points, while Standard & Poor's fell by 2.2% (66 points) and reached 2,865 points.