Trade War 2018
Trump Looks to Expand Tariffs to All Chinese Goods
Gold Silver Reports (GSR ) – Trump, in an interview with the Wall Street Journal published Monday, said he’s prepared to impose tariffs on a final batch of $267 billion of Chinese shipments if he can’t make a deal with Xi when they meet at the Group of 20 meeting in Argentina, which starts Nov. 30. The rate could be either 10 percent or 25 percent, Trump said.
Global Stocks Slip on Report China Calls off US Trade Talks – Gold Silver Reports
The U.S. and China officially began taxing larger amounts of each other’s goods Monday, and the Wall Street Journal reported that China pulled out of talks that could have led to a new round of negotiations to end the trade war. Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks.
Trump administration to Impose Tariffs on Approximately $200 bln Worth of Imports from China Effective Sept. 24 -Senior Administration Official
Trump administration remains open to negotiations with China, but no details on talks available -official: Rtrs
Tariff rate on $200 bln list will start at 10 pct, go up to 25 pct at end of year -official
China commerce minister says there is no winner in a trade war: RTRS
China commerce minister says U.S.’s unilateralism, protectionism will hurt global economy, does no good to any country: RTRS China commerce minister says cooperation between China and U.S. is the only correct choice on trade: RTRS
U.S. to Raise Tariffs on $16 Billion of China Goods on Aug. 23
Gold Silver Reports (GSR) – President Donald Trump has suggested he may tax effectively all imports of Chinese goods, which reached more than $500 billion last year.
Breaking News : Chinese Media Revises Report, Says China Yet to Take any Action Against US Tariffs
Gold Silver Reports (GSR) – The earlier report by the China Daily has been revised – The media outlet has now come out to change its earlier report here and say that “China will take action against US tariffs” – implying that retaliatory tariffs are yet to have been slapped on US goods as suggested earlier.
Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion
Gold Silver Reports (GSR) – Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion – Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 a.m. Washington D.C. time (0401 GMT) on Friday and warned that subsequent rounds could see tariffs on more than $500 billion of goods, or roughly the total amount that the United States imported from China last year.
Investors Agree With Trump: Any Trade War
Gold Silver Reports (GSR) – That’s the early view from financial markets as the tariff dust-up between China and the U.S. shows increasing signs of impacting stock prices. While broad measures of American equities have held up better than their Chinese counterparts, striation within the U.S. market shows investors anticipate steep losses in some stalwart names.