US VP Pence: US could double tariffs on China - Reuters News
|The United States will not back down from its trade tiff with China, and might even double its tariffs, unless Beijing bows to US demands, Vice President Mike Pence said on Saturday, according to Reuters.
Key quotes
- We have taken decisive action to address our imbalance with China.
- We put tariffs on $250 billion in Chinese goods, and we could more than double that number.
- The United States, though, will not change course until China changes its ways.
- China has taken advantage of the United States for many years. Those days are over.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.