US Pres. Trump: If we don't make a deal with China, will substantially raise tariffs

Eren Sengezer FXStreet

While responding to questions following his speech at the Economic Club of New York on Tuesday, US President Donald Trump argued that industries had not been hurt by his administration's trade policy and said that there is no "uncertainty with regard to trade wars."

"China is already starting big US agriculture buys," Trump noted. "If we don't make a deal with China we will substantially raise tariffs on Chinese imports."

As of writing, the 10-year US Treasury bond yield was down 0.8% on a daily basis at %1.925.

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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