Global Easy Forex's Forum

News:

  • Discussion about Forex Trading.
    关于外汇交易的讨论
     مناقشة حول تجارة الفوركس
    Обсуждение Торговля на Форекс
    เริ่มเทรดหุ้นฟอร์เร็กซ์ได้เดี๋ยวนี้!
    Bắt đầu giao dịch ngoại hối ngay bây giờ!
  • Start Trading Forex Now!
     立即开始外汇交易!
     ابدأ تداول الفوركس الآن!
    Начать торговую валюту сейчас!
    พูดคุยเกี่ยวกับการเทรดหุ้นฟอร์เร็กซ์
    Nói về giao dịch ngoại hối
  • Make Forex learning easy!
     让外汇学习变得简单!
     جعل تعلم الفوركس سهل!
    Сделайте обучение Forex легким!
    ทำให้การเรียนรู้หุ้นฟอร์เร็กซ์เป็นเรื่องง่าย!
    Làm cho việc học ngoại hối thật dễ dàng!
Global Easy Forex is the website that help you know how to start trading forex and related topic financial discussion and news
Start Trading Forex Now! 立即开始外汇交易! ابدأ تداول الفوركس الآن! Начать торговую валюту сейчас! เริ่มเทรดหุ้นฟอร์เร็กซ์ได้เดี๋ยวนี้! Bắt đầu giao dịch ngoại hối ngay bây giờ!
Discussion about Forex Trading. 关于外汇交易的讨论 مناقشة حول تجارة الفوركس Обсуждение Торговля на Форекс พูดคุยเกี่ยวกับการเทรดหุ้นฟอร์เร็กซ์ Nói về giao dịch ngoại hối
Make Forex learning easy! 让外汇学习变得简单! جعل تعلم الفوركس سهل! Сделайте обучение Forex легким! ทำให้การเรียนรู้หุ้นฟอร์เร็กซ์เป็นเรื่องง่าย! Làm cho việc học ngoại hối thật dễ dàng!

Author Topic: Trump wants $200 billion in China tariffs despite talks, sources say  (Read 203 times)

ForexMan

  • Jr. Member
  • **
  • Posts: 54
    • View Profile
President Donald Trump instructed aides on Thursday to proceed with tariffs on about $200 billion more in Chinese products despite his Treasury secretary’s attempt to restart talks with Beijing to resolve the trade war, according to four people familiar with the matter.

But an announcement of the new round of tariffs has been delayed as the administration considers revisions based on concerns raised in public comments, the people said. Trump may be running low on products he can target without significant backlash from major U.S. companies and consumers, two of the people said.

The threat of fresh tariffs roiled financial markets. U.S. stocks erased gains, dropping to session lows, while the dollar strengthened versus the Chinese offshore yuan by the most in two weeks. Technology shares led declines, with Apple Inc. falling as much as 1.7 percent. The iPhone maker last week warned that new tariffs could increase the cost of its products.

The White House didn’t immediately comment.

Trump met with his top trade advisers on Thursday to discuss the China tariffs, including Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer, the people said. Mnuchin has led a recent overture to the Chinese to re-start trade talks.

Read more: Can Trump Win If He Escalates His China Trade War?

Trump was asked during the meeting whether he was concerned about the impact of the new tariffs on negotiations with China. He responded that he wasn’t, two of the people said.

The public comment period for a list of tariffs on about $200 billion in Chinese goods closed last week, and Trump said the duties would be imposed “soon.” The new round would be in addition to $50 billion in Chinese goods that already face a 25 percent duty.

The Chinese have retaliated with tariffs on an equivalent amount of U.S. exports, and have promised to match future rounds of U.S. duties.

Before his meeting on Thursday, which didn’t appear on his public calendar, Trump boasted on Twitter that he has the upper hand in the trade feud with Beijing and feels “no pressure” to resolve the dispute.

His comment tempered cautious optimism among investors over the U.S. government’s proposal for another round of talks with Beijing. Disclosure on Wednesday that the U.S. sought to renew the talks rallied U.S. stocks and emerging-market assets.
Third Round

Trump threatened a third tranche of tariffs on another $267 billion of Chinese imports last week, which would mean levying duties on nearly everything China exports to the U.S. Trump said at the time those tariffs were “ready to go on short notice,” but the administration hasn’t yet published a list for public comment.

It has become tricky to find additional products for duties that won’t more obviously impact American consumers, according to two people. There was no decision made during Thursday’s meeting regarding when to issue the $267 billion round.

Apple said last week the $200 billion round of tariffs could hit some of its most popular goods such as the Apple Watch and AirPods headphones. Retailers such as WalMart Inc. and Target Corp. risk being swept up in an escalating trade war if further tariffs hit a broad range of consumer goods, from TVs to sneakers.

Efforts to end the trade dispute have fizzled so far. Officials from both countries have met four times for formal talks, most recently in August, when Treasury’s undersecretary for international affairs, David Malpass, led discussions in Washington with Chinese Vice Minister Wang Shouwen.

The White House has sought to pressure Beijing to reduce its trade surplus with America and protect intellectual property rights of U.S. companies, which it says are abused in China.



 

Related Topics

  Subject / Started by Replies Last post
0 Replies
16 Views
Last post September 04, 2018, 02:23:15 AM
by BQBRoma679
0 Replies
86 Views
Last post September 15, 2018, 01:25:26 PM
by ForexMan
0 Replies
106 Views
Last post September 15, 2018, 01:30:11 PM
by ForexMan
0 Replies
135 Views
Last post September 18, 2018, 01:26:35 PM
by ForexMan
0 Replies
150 Views
Last post September 18, 2018, 01:33:25 PM
by ForexMan

-
-
---------
-
Disclaimer By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning forex online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. Investing in financial product is subject to market risk. Financial products, such as stock trading and forex, are very speculative and any investment in them should done carefully, desirably with a good personal risk management. Forex trading, Stock Trading and commodity specultion have big potential rewards but also big potential risk.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any forex market or stock market movement. This website is for informative and discussion purpose in this website only. No one here can makes no warranties or guarantees in respect of the content, whether it is about forex trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Investment tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments,forex currency pairs, or any products or forex courses. All investors should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial and forex trading advice based on your own particular circumstances before making an investment decision on the basis of information about forex and non-forex matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any forex traders and non-traders.