...buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and...— Donald J. Trump (@realDonaldTrump) August 1, 2019
...We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!— Donald J. Trump (@realDonaldTrump) August 1, 2019
Reuters: Trump threatens new tariffs as U.S.-China trade tensions spike again
WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday moved to impose a 10% tariff on a remaining $300 billion list of Chinese imports starting Sept. 1, after U.S. and Chinese negotiators failed to kickstart trade talks between the world’s two largest economies.
The levies - which would hit a wide swath of consumer goods from cell phones and laptop computers to toys and footwear - ratchet up tensions in a war of tit-for-tat tariffs that have disrupted global supply chains and roiled financial markets for more than a year.
U.S. stocks fell after the news and oil prices plummeted, and further fallout was expected. The IMF has warned that tariffs already in place will shave 0.2% off global economic output in 2020.
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WNU Editor: I am hearing a collective sigh of resignation from Beijing right now.
More News On President Trump Announcing A New 10 Percent Tariff On $300 Billion In Chinese Goods
Trump says he’ll put 10% tariffs on remaining China imports -- AP
Trump says he could raise tariffs on $300 billion of Chinese goods above 25% -- CNBC
Trump says the US will slap tariffs on virtually all Chinese imports next month -- Business Insider
Trump says he will go ahead with new China tariffs that would hit iPhones and toys -- CNN
Stocks turn negative on Trump's new China tariffs -- The Hill
Trump Ignored Mnuchin Advice To Give China Early Notice On New Tariffs -- Zero Hedge
