US President Trump has asked his Treasury department to examine another 100B in tariffs against China, according to a statement from the White House Press Secretary's office.
Key details
A statement from the President's administration has hit the wires detailing Trump's justification for seeking an additional $100 billion in additional tariffs against the Chinese under the 1974 Trade Act's section 301, accusing China of unfairly obtaining American intellectual property. Trump pointed out that he is still willing to meet with China at the negotiating table.
Trump also ordered his Secretary of Agriculture to look into ways to protect the US farming sector from further tariff fallout.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

AUD/USD flat lines around 0.6500 ahead of Australian employment details
AUD/USD oscillates around the 0.6500 mark during the Asian session on Thursday, awaiting Australian jobs data before a firm intraday direction. Trade uncertainties, rising geopolitical tensions, and the Fed's hawkish pause weigh on investors' sentiment. This, in turn, acts as a headwind for the risk-sensitive Aussie.

USD/JPY struggles below 145.00 amid reviving safe-haven demand
USD/JPY remains depressed below the monthly peak retested the previous day as a softer risk tone benefits JPY. USD struggles to capitalize on the post-FOMC rise to a fresh weekly high, which weighs on the currency pair. However, reduced bets for another BoJ rate hike in 2025 hold JPY bulls from placing new bets and limit deeper losses.

Gold price bounces off weekly low; bulls seem reluctant amid hawkish Fed
Gold price attracts some dip-buyers during the Asian session and reverses part of the previous day's slide to the weekly low amid a revival of safe-haven demand, bolstered by trade uncertainties and rising geopolitical tensions. Moreover, a subdued USD price action acts as a tailwind for the bullion.

XRP stays muted amid 3iQ, Purpose and Evolve XRP ETFs debut in Canada
Ripple's XRP is down 0.5% on Wednesday amid announcements from 3iQ, Purpose Investments and Evolve that their XRP exchange-traded funds, XRPQ, XRPP and XRP will launch on the Toronto Stock Exchange.

In the Eurozone, inflation is also a monetary phenomenon
Monetary aggregates continue to be closely monitored by the European Central Bank (ECB), a sign that, despite the passage of time and the increasing complexity of financing circuits, quantitative theory remains relevant.