White House: $16 billion worth of additional tariffs on China to go into effect at midnight

Eren Sengezer FXStreet

According to CNBC, the U.S. Treasury's David Malpass, undersecretary for International Affairs, will be meeting Chinese officials later today as planned but they have no plans to make any last-minute changes on the $16 billion worth of tariffs on Chinese imports that is scheduled to go into effect at midnight.

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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