Heightened hopes of the United States (US) and China reaching a partial trade deal on reports claiming that China will agree to the US’ terms on Yuan valuation in exchange for delayed tariffs provided the inial boost to the market sentiment on Friday.
trade war definition
Trump says U.S.-China trade talks went very well on Thursday
U.S. President Donald Trump said trade talks between U.S. and Chinese officials on Thursday went very well and the two sides had a very, very good negotiation.
US Trade Talks with China have Stalled – Gold Silver Reports
Negotiations between the U.S. and China appear to have stalled as both sides dig in after disagreements earlier this month.
US-China Trade War 2019 – How it May Impact India – Gold Silver Reports
It all started in March last year when US President Donald Trump had slapped heavy tariffs on imported steel and aluminium items from China and it responded by imposing tit-for-tat tariffs on billions of dollars worth of American imports.
Crude Oil Prices Up – Higher US Tariffs Kick in on Some Chinese Goods
Gold Silver Reports (GSR) – China on Friday said it “deeply regrets” the U.S. move, adding that it would take necessary countermeasures, without elaborating. Crude Oil prices rose on Friday despite the start of U.S. President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest economies.
Trade War 2019: Trump Says US-China Relations ‘Very Strong’
Trade War 2019 – That threat was made during talks Friday in Washington, hours after Trump upped the ante by imposing a second round of punitive duties on $200 billion in Chinese goods. China vowed retaliation, but hadn’t announced any details as of Saturday evening in Beijing.
Trump says Tariffs on $200 Billion of Chinese Goods will Increase to 25%, Blames Slow Progress in Trade Talks
Gold Silver Reports (GSR) – In addition, Trump threatened to impose 25% tariffs on an additional $325 billion of Chinese goods “shortly.”