Business Maverick: U.S. Readies New Tariffs as Trump Says He’ll Meet China’s Xi

of about $300 billion worth of Chinese goods including children’s clothing, toys, mobile phones and laptops that Trump has threatened to hit with a 25% tariff.

“There can be some retaliation, but it can’t be very substantial,” Trump told reporters Monday at the White House during a meeting with Hungarian Prime Minister Viktor Orban. U.S. stocks dropped on signs of an escalating trade war, with the S&P 500 falling the most in four months. Treasuries rallied with the yen on demand for haven assets.

China’s announcement earlier Monday of its plans to raise duties on some $60 billion in American imports starting June 1, defied a call from Trump to resist escalating the trade war.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse TermsPresident Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: Trump Had Losses of $1.17 Billion Over a Decade: NYTPresident Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

Business Maverick: China Threatens Retaliation as Trump Touts Chances of DealThe U.S. and China sent conflicting signals over trade, with President Donald Trump expressing optimism about the prospect of a deal and Beijing warning that it will retaliate if the U.S. follows through on a threat to hike tariffs.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »