US Treasury: US tariffs on Chinese goods are prepared at Trump’s direction

Dhwani Mehta FXStreet

The US Treasury Department is out with a statement, citing that the US tariffs on the Chinese products are prepared at President Trump’s direction.

Earlier today, Reuters reported that Trump said he has asked the US trade representative to identify $200 billion in Chinese goods for additional tariffs at a rate of 10 percent.

Mounting worries over the US-China trade spat has accentuated the risk-off trade in Asia, benefiting the safe-haven Yen the most.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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