US President Donald Trump says he has"hereby ordered" American companies to consider alternatives to doing business in China after Beijing announced a series of retaliatory tariffs.Wall Street stocks tumbled after Mr Trump tweeted US companies in China should come homeThe US plans to impose 10 per cent tariffs on Chinese goods commencing on the same dates
But as markets in the Asia, Europe and the US tumbled — the Dow Jones sinking nearly 500 points after Mr Trump's statements — the White House offered no further details or explanation of the US President's intentions."This is a GREAT opportunity for the United States," he wrote.
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Trump calls on American companies to abandon China | Sky News AustraliaPresident Donald Trump has furiously responded to China's decision to impose new retaliatory tariffs on American goods.\n\nIn a series of tweets, Mr Trump said he was ordering US companies to look at ways to close their operations in China and make more of their products in the United States instead.\n\nEarlier, China announced retaliatory hikes on more than $100 billion of American products. \n\nHowever, the president cannot compel American companies to abandon China and he gave no detail on how he might proceed with any such order.\n\nPresident Trump tweeted: 'Our country has lost, stupidly, trillions of dollars with China over many years”.\n\nImage: News Corp Australia
Source: SkyNewsAust - 🏆 7. / 78 Read more »