Companies await China retaliation; weaker growth expected

Regulators threatened "necessary countermeasures" for Trump's tariff hikes Friday on $200 billion of Chinese imports. But three days later, in a break with previous tit-for-tat penalties imposed immediately, Beijing had yet to announce what it might do.

The latest talks ended Friday with no word of progress after Washington accused Beijing of trying to backtrack on earlier commitments. A stumbling block has been U.S. insistence on an enforcement mechanism with penalties to ensure Beijing carries out its commitments. Economists say Chinese leaders probably reject that as a violation of Chinese sovereignty.

Beijing matched Trump's earlier 25% tariff on $50 billion of American goods. It imposed 10% per cent charges on $60 billion of imports but left other goods unaffected, possibly out of concern for Chinese companies that depend on U.S. technology and components.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Trade talks with China sour and U.S. companies with exposure get hitU.S. companies that do a lot of business in China are getting hit hard in early trading after U.S. President Donald Trump threatened more tariffs with trade talks between the world's two biggest economies faltering. At least Trump has some backbone not like our PM who sends Minister Freeland to complain! Trump met Winnie the Pooh?!?! I believe Xi has Dancin' Donnie's number ...
مصدر: CTVNews - 🏆 1. / 99 اقرأ أكثر »

At midday: Global stocks fall as investors seek safety after Trump’s China tariff threatsAt midday: Global stocks fall as investors seek safety after Trump’s China tariff threats GlobeInvestor
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »