US to impose tariffs on $200 bn in Chinese goods: reports
WASHINGTON (DNA) – US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported.
Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent.
Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in goods from China.
The prospect of new tariffs undercuts hopes of an imminent reduction in trade tensions between Washington and Beijing.
On Thursday, China had welcomed a US offer to hold fresh trade talks, providing some hope the world’s top two economies could step back from the brink of an all-out trade war.
Related News
European central banks cut rates in 20124 as inflation declined
BRUSSELS / LONDON , Dec 26 (AA/APP/DNA):European central banks cut their rates this year, albeitRead More
SECP ceases guarantees business of Crescent Star insurance Limited
ISLAMABAD, DEC 26 (APP/DNA):The Securities and Exchange Commission of Pakistan (SECP) has ceased the guaranteeRead More
Comments are Closed