US Trump to decide on Chinese tariffs sometime on Thursday

Joshua Gibson FXStreet

US President Donald Trump is reportedly going to be making a decision on whether or not to impose tariffs on Chinese goods this Thursday.

Trump will be meeting with his advisors sometime during Thursday's US session, and if he decides to give his waiting-in-the-wings tariff packages targeting billions of dollars in Chinese goods the go-ahead, markets could see action from the White House as soon as Thursday.

The sudden urgency in moving forward with trade tactics against China could be coming as the US Senate prepares to make moves to block the Presidency from using "national security" bypasses to impose trade sanctions and tariffs on foreign countries without Senate approval, a tactic that has become a hallmark of Trump's trade strategy.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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