BANGKOK (AP) — China’s benchmark Shanghai Composite index plunges 5.1% after Trump threatens to raise tariffs.
China’s benchmark Shanghai Composite index plunges 5.1% after Trump threatens to raise tariffs.
BANGKOK (AP) — China’s benchmark Shanghai Composite index dives 6.4% on Trump threat of more China tariffs.
China’s benchmark Shanghai Composite index dives 6.4% on Trump threat of more China tariffs
Business Roundtable, a group of U.S. corporate chief executive officers, said on Friday it was concerned that rising U.S.-China tariffs will hurt the American economy.
Days after the Trump administration imposed $200 billion in additional tariffs against Chinese imports amid stalled trade talks, Beijing has responded with a $60 billion hike on U.S. goods.
China on Friday said it "deeply regrets" the United States' decision to increase tariffs on $200 billion worth of Chinese goods to 25% from 10%, adding without elaborating that it would take necessary countermeasures.
The Trump administration raised import taxes on $200 billion worth of Chinese imports.
U.S. and Chinese negotiators are poised to resume trade talks Thursday just hours before the United States is set to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world's two biggest economies. In Beijing, Chinese officials said they will retaliate if President
BMW's Chief Executive on Tuesday said the carmaker has increased production of its X3 offroader model in Spartanburg, South Carolina, as well as in China, a step which reduces exposure to trade tariffs between China and the United States.
China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday, top U.S. trade officials said on Monday.
President Donald Trump raised the tariff on $200 billion of imports from China amid frustrated trade talks between Washington and Beijing.