Trade alert! US to hike tariffs on $200 bn worth of Chinese imports from Friday - Federal Register
The United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday, according to a notice posted to the Federal Register on Wednesday.
The United States will raise tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent effective on Friday, according to a notice posted to the Federal Register on Wednesday. The U.S. Trade Representative`s office will establish a process to seek exclusions for certain products from additional tariffs, the Federal Register notice said.
U.S. President Donald Trump said in a tweet that he would be "very happy with over $100 Billion a year in Tariffs filling U.S. coffers." His comments followed a Reuters report that quoted U.S. government and private-sector sources as saying China had backtracked on almost all aspects of a draft trade agreement with the United States.
Global equities tumbled toward five-week lows as the escalating trade fight fed worries about the world economy and investors sought the safety of bonds and the Japanese yen, which hit a six-week high against the U.S. dollar.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
Small savings schemes: Five-year recurring deposit will make more money for you in December quarter; this is the new interest rate
Plaza Wires IPO hits Street: Issue price, subscription status, listing date, other key details to know
Kerala Weather Update: Heavy rain lashes parts of Thiruvananthapuram, IMD sounds yellow alert in all districts
Flipkart Big Billion Days Sale 2023: iPhone, Google Pixel, Samsung Galaxy, and Motorola; best phones under Rs 60K-Rs 1.5 lakh category
Flipkart Big Billion Days Sale 2023: Samsung, Redmi, Realme, Poco and more; best phones under Rs 15,000