Trump threatens more tariffs on China
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CBS News |
Excluding the threat of an added 50% levy on Chinese imports, American consumers could face higher costs of about $3,789 per year due to the previously announced tariffs, according to an analysis fro...
Yahoo |
If he follows through with his latest threat, the total tariff on China would hit 104%.
Bloomberg L.P. |
Traders are bracing for another bumpy week after a day marked by waves of volatility thanks to unpredictable news on President Donald Trump’s tariff plans.
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China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete actions” to resolve the tariffs.
Threats and pressure are not the right way to deal with China, a Chinese foreign ministry spokesperson said on Monday after describing U.S. President Donald Trump's "reciprocal tariffs" as bullying.
MORE than 50 countries have contacted the White House to kick off tariff trade talks as Donald Trump’s sweeping new import taxes come into force. The move follows a dramatic ramp-up in duties
The US began collecting a 10% "baseline" tariff on all imports on Saturday as President Donald Trump urged Americans to "hang tough" after market turmoil. The UK and France are among hundreds of countries impacted and its leaders have said nothing is off the table.
China said on Saturday "the market has spoken" in rejecting U.S. President Donald Trump's tariffs, and called on Washington for "equal-footed consultation" after global markets plunged in reaction to the trade levies that drew Chinese retaliation.
Countries and industries are scrambling to respond as President Donald Trump’s latest tariffs hikes upend global trade and world markets.
Analysts say Beijing is weighing targeted countermeasures, stimulus, and diplomatic outreach as options narrow.
China placed export restrictions on rare earth elements on Friday as part of its sweeping response to U.S. President Donald Trump's tariffs, squeezing supply to the West of minerals used to make weapons,