For Quick Alerts
For Daily Alerts

Trump To Increase Tariff On Some Of Chinese Goods


In a bid to reach a long-sought trade deal with China, US-President on Sunday vowed to levy a higher tariff on some of the Chinese goods. Due to productive discussions with China, the US early this year delayed tariff increases on China.

Trump To Increase Tariff On Some Of Chinese Goods

Tracking such a development, oil declined in price by almost 2%, almost most of the Asian markets are trading down taking cues from the development in the US.

On Twitter, Donald Trump said that there will be a tariff hike to 25% on Friday and more Chinese goods will face additional tariffs.

With the announcement, expectations on the front that positive trade talks between the 2 nations will end the trade war situation that brought about global slowed and disrupted the world economy, have gone for a toss.

Read more about: donald trump us china
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more