US Pres. Trump: Expects to move ahead with boost on China tariffs - WSJ

Eren Sengezer FXStreet

According to an article published in the Wall Street Journal, US President Trump said that it's highly unlikely that he would accept Beijing's requests to hold off on increasing tariffs to 25% on $200 billion of imports.

Key quotes (via Reuters)

Trump says he expects to move ahead with boost on China tariffs.
Trump says if he can't reach a trade deal with China, he will go ahead with tariffs on an additional $267 billion in Chinese goods.
Trump says tariff level like 10% on goods like iPhones and laptops could temper consumer backlash.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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