President Donald Trump intensifies pressure China to reach a trade deal by saying he will impose 10% tariffs September 1 on the remaining $300 billion in Chinese imports he hasn't already taxed
President Donald Trump talks to reporters before departing for a campaign rally in Cincinnati, on the South Lawn of the White House, Thursday, August 1, 2019, in Washington.
Though the negotiations concluded without any sign of a deal, they are scheduled to resume next month in Washington. "Attention all Target & Wal-Mart shoppers ... the price on the goods you buy ahead of the holidays are going up due to trade policy," tweeted Joseph Brusuelas, chief economist at the consultancy RSM.
The world's two biggest economies are locked in a trade war over US allegations that Beijing uses predatory tactics — including stealing trade secrets and forcing foreign companies to hand over technology — in a drive to overtake American technological dominance. Trump's trade war and its consequences were a key factor in the Federal Reserve's decision Wednesday to cut interest rates in an otherwise healthy US economy. During a news conference, Chairman Jerome Powell pointed repeatedly to the uncertainty caused by Trump's pursuit of trade wars on multiple fronts as a reason for the rate cut.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Trump threatens 10% tariffs on China; stocks plummet on newsAmid slow-moving talks, President Trump says the U.S. will apply a tariff of 10 percent on about $300 billion worth of products from China on Sept. 1. (Replaces deleted tweet to add dropped “billion.“)
Baca lebih lajut »
‘As usual, Powell let us down,’ Trump tweets after Fed fails to back stronger monetary easingPresident Donald Trump said Wednesday that he was disappointed Fed Chairman Jerome Powell ruled out a lengthy series of interest-rate cuts.
Baca lebih lajut »
Trump pledge to impose another 10% tariffs on Chinese imports bolsters rate-cut expectationsTraders' expectations for the Federal Reserve to ease policy rose in the fed fund futures market after President Donald Trump announced plans to impose 10%...
Baca lebih lajut »
10-year Treasury yield plumbs lowest since November 2016 after Trump tariff threatTreasury yields slumped on Thursday after President Donald Trump threatened to levy further tariffs on Chinese imports. The 10-year Treasury note yield fell...
Baca lebih lajut »