U.S. likely to impose more tariffs on China if new trade deal isn't reached.
U.S. trade representative Robert Lighthizer said before the Senate Finance Committee on Tuesday that the U.S. is ready to place more tariffs on China if it can't agree to a new trade deal.
Talks between the two nations are expected to resume when Trump and Chinese President Xi Jinping meet at the G-20 Summit in Japan next week. Markets immediately surged at that news. Earlier this year, President Trump announced tariffs on $250 billion dollars of Chinese goods. The Chinese retaliated with a counter tariff on $110 billion worth of U.S. goods.
But committee Democrats presented a united front arguing that the USMCA needs to have a more clear enforcement mechanism between all the signing countries.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oil gains amid Middle East tensions, U.S.-China trade deal hopesOil prices extended gains on Wednesday after rising in the previous session on r...
Baca lebih lajut »
Fed may cut rates near zero if U.S.-China trade worsens: Morgan StanleyThe Federal Reserve may lower U.S. interest rates to near zero by the spring of ...
Baca lebih lajut »
Two European counties could be the big winners from the US-China trade war, Barclays saysFrance and Germany could be the biggest beneficiaries in an escalation in trade tariffs between the U.S. and China, Barclays economists have projected.
Baca lebih lajut »
Euro zone could benefit from US-China trade war, ECB's Nowotny saysEscalating trade war has been a concern for the European Central Bank (ECB), partly due to the export-driven nature of the euro area economy.
Baca lebih lajut »
How states are being impacted by the U.S.-China trade warCNBC's Scott Cohn reports on the U.S.-China trade impact at the state level and how some companies are finding ways around the tariffs.
Baca lebih lajut »
U.S., China rekindle trade talks ahead of Trump-Xi G20 meetingChina and the U.S. are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping
Baca lebih lajut »