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RSS FeedsTrump threatens to hit all $505bn of Chinese imports with tariffs
(The Guardian China)

 
 

20 july 2018 19:44:42

 
Trump threatens to hit all $505bn of Chinese imports with tariffs
(The Guardian China)
 


President indicates readiness to slap tariffs on the entirety of Chinese goods, saying it is `the right thing to do for our country´Donald Trump escalated economic global tensions on Friday, lashing out a range of targets that included the European Union, the Federal Reserve and China, indicating that he is prepared to raise tariffs on Chinese imports from $34bn to cover the entire $505bn of Chinese imports. `I´m willing to go to 500,` he said during a taped interview with the business channel CNBC, an escalation he was prepared to make because it `was the right thing to do for our country` and because the rise in stocks - the S&P 500 is up 31% since his election - allowed him to pursue a more aggressive trade policy. Related: The Iowa farmers on the frontline of Trump`s trade war with China Related: `It´s pretty lonely out here´: why John Kasich is willing to criticize Trump Continue reading...


 
7 viewsCategory: General > Asia > China
 
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