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    * Trump says China trade deal may come after 2020 U.S.
    * Miners, energy stocks lead losses
    * German shares lifted by SAP, MTU Aero Engines 
    * French luxury stocks dented by new tariff threats

 (Updates to close, adds comment after Trump signals delay in
China deal)
    By Susan Mathew
    Dec 3 (Reuters) - European shares wiped gains and ended
lower for a fourth session running on Tuesday as sentiment
worldwide took a hit after U.S. President Donald Trump signalled
delays to reaching a trade deal with China. 
    London's FTSE  .FTSE , packed with trade-sensitive mining
and energy stocks, lost 1.8%%, the most in the region, as
material shares  .SXPP  lost 1.6%. Weaker crude prices saw oil
shares  .SXEP  post their biggest one-day drop in a month. O/R 
    Trump said he had no deadline to strike an agreement with
China, adding it could come after 2020 U.S. elections, denting
hopes of a near-term resolution to a dispute that has weighed on
the world economy.  urn:newsml:reuters.com:*:nL8N28D2KI
    This came amid fears of expanding trade disputes.  GVD/EUR 
    Washington on Monday warned of punitive duties of up to 100%
on $2.4 billion in imports from France, saying its new digital
services tax would harm U.S. tech companies. France and the
European Union (EU) said they were ready to fight back.
    Meanwhile, the World Trade Organization's rejection of EU
claims that it did not provide subsidies to Airbus  AIR.PA 
prompted the United States to say it could raise retaliatory
tariffs on a wider range of European goods. 
    Airbus shares fell 4.4%.
    Along with drops in luxury shares LVMH  LVMH.PA , Kering
 PRTP.PA  and Hermes  HRMS.PA , the Paris index  .FCHI  slid 1%.
    Reversing session gains, the pan-European stocks index
 .STOXX  closed down 0.6%, after logging its worst selloff since
Oct 2. on Monday.  urn:newsml:reuters.com:*:nL1N28D002
    "The current sell-off ... is yet another reminder of
market's exceptionally high sensitivity to trade headlines, and
underscores fragility of the latest risk rally," said Marija
Veitmane, a senior strategist at State Street Global Markets.
    European shares had rallied over the last three months on
hopes of a U.S.-China trade deal, and some calm on the Brexit
    German shares  .GDAXI , meanwhile, ended up 0.2% thanks to
rallies in software firm SAP  SAPG.DE  and MTU Aero Engines
 MTXGn.DE  which rose after a BoFA Merrill Lynch upgrade to
"buy".  urn:newsml:reuters.com:*:nFWN28D031 urn:newsml:reuters.com:*:nL8N28D2ZG
    Italy's blue-chip index  .FTMIB  finished marginally higher,
supported by gains in Ferrari  RACE.MI  after a Goldman Sachs
target price hike and utility Enel  ENEI.MI  after it made a bid
for Renvico wind farm portfolio in Italy and France.
    Among other bright spots, telecom companies Ericsson
 ERICb.ST  and Nokia  NOKIA.HE  rose on a media report that said
Washington is considering financial aid to countries that would
source telecoms equipment from firms other than China's Huawei.
 urn:newsml:reuters.com:*:nL8N28D3TX urn:newsml:reuters.com:*:nL4N28D2TF

 (Additional reporting by Thyagaraju Adinarayan in London;
Editing by Andrew Cawthorne)
 ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 6328;))