Gold Silver Reports (GSR) – U.S. President Donald Trump said on Thursday that tariffs on $34 billion worth of Chinese goods will kick in at 12:01 a.m. EST on Friday morning. China said that its tariffs on U.S. goods would take effect immediately after the U.S. duties kick in.
Geoff Raby, Australia’s former ambassador to China, told CNBC on Friday: “It looks like the first shots to the trade war are about to be fired.”
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“We’ll probably see escalation upon escalation. China has made it absolutely clear,” Raby said. – Neal Bhai Reports (NBR)
