Trump Plans To Take 'Significant Action' In Trade Tariffs Against China

Wochit - Thursday, 14 June 2018

President Donald Trump is expected to direct a “pretty significant action” in trade tariffs against China, according to Reuters.

The tariffs affect around $50 billion in Chinese goods. U.S.

trade officials were meeting at the White House on Thursday afternoon to discuss the issue.

Officials said Treasury Secretary Steven Mnuchin has argued against the move.

Since meeting with Kim Jong Un, Trump reportedly no longer thinks of China’s influence over North Korea as a compelling reason not to impose tariffs..


Recent related news

(Reuters) - The Dow and the S&P 500 fell after China's retaliatory action against U.S. tariffs rekindled concerns that the world's two biggest economies were...
5 hours ago • Reuters

The first punches in a trade fight that China didn’t want have been thrown, and now Chinese President Xi Jinping is poised to match his US counterpart Donald...
15 hours ago • S.China Morning Post

CANBERRA, Australia (AP) — European Trade Commissioner Cecilia Malmstrom says trade liberalization continues to have global momentum despite recent U.S....
16 hours ago •

DETROIT (AP) — If President Donald Trump delivers on threats to slap 25 percent tariffs on imported automobiles and parts, experts say it will cut auto sales...
4 hours ago •

Recent related videos

Wochit Business -   ▶  00:33

Bloomberg Politics -   ▶  03:37

You might like