European stocks seen lower after Trump threatens to hike tariffs on China

📆 20/11/2019 05:02 a. m.
📰 CNBC

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European stocks were seen lower Wednesday morning after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal.

During a meeting with his cabinet on Tuesday, the president said that if China did not make a deal, he would "just raise tariffs even higher."

The comments came after reports that Beijing is pessimistic about the prospect of an imminent "phase one" trade deal due to Trump's refusal to roll back existing tariffs.after the Senate unanimously passed a bill supporting Hong Kong protesters. Stateside, traders will also have an eye on impeachment proceedings against the president after another explosive day of public testimony from from Lt. Col Alexander Vindman and other officials on Capitol Hill.

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