News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to decline as Trump threatens higher tariffs if China doesn't strike a dealU.S. President Donald Trump threatened to raise tariffs on Chinese goods if the two economic powerhouses do not strike a deal.
Source: CNBC - 🏆 12. / 72 Read more »