U.S. may impose tariffs against China as soon as Friday
Thursday, 14 June 2018 11:05 WIB | GLOBAL |Global

The Trump administration, deepening its global trade offensive, is preparing to levy tariffs on tens of billions of dollars of Chinese goods in the coming week, perhaps as early as Friday ” a move that is likely to spark heavy retaliation from Beijing.

Senior trade officials in the White House, the Commerce and Treasury departments and the U.S. Trade Representative's office met on the issue before President Donald Trump went to a summit of the Group of Seven industrialized nations in Canada on Friday ” and agreed that the U.S. should proceed, said U.S. officials and others briefed on the talks.

Trump hasn't given his final approval and could have second thoughts about applying heavy pressure on China, the officials said, particularly because the U.S. wants Beijing™s cooperation in its efforts to get North Korea to give up its nuclear weapons. Trump returned to Washington on Wednesday morning after meeting with North Korean leader Kim Jong Un in Singapore.

An administration official said Trump and his circle of advisers are scheduled to finalize plans on Thursday on imposing the China tariffs. Since Trump™s initial warnings of tariffs, China has done nothing to do address the president™s concerns about its trading practices, the official said, bringing the White House to this point. The administration in April initially planned tariffs on $50 billion in goods, but the total could change as the list is refined, with some products taken off and others added following a public comment period. The White House had set Friday as a deadline for a list of products that would be covered under a new tariff regime.

Source: Marketwatch

RELATED NEWS

France 40C heatwave could break June records
Tuesday, 25 June 2019 11:23 WIB

Temperatures were expected to reach 35 degrees or more on Monday, and climb even further until the peak on Thursday and Friday. The north of the country “ including Paris - will be worst affected. Temporary fountains have been put in place and public pools will stay open later as part of an extr...

Senior Facebook Executive Says it Would Favor Regulation
Monday, 24 June 2019 23:36 WIB

A senior Facebook executive says the social media site is in favor of regulation to address some of the dark problems of the internet. Nick Clegg, the former leader of the U.K. Liberal Democrat party who now heads global affairs for Facebook, says it is not "for private companies'" to decide how to...

Trump: 'Not Looking for War' With Iran
Monday, 24 June 2019 19:44 WIB

U.S. President Donald Trump says he is "not looking for war" with Iran and willing to negotiate with its leaders without preconditions, but that under no circumstances can the Islamic Republic be allowed to mass a nuclear weapons arsenal. Trump told NBC's Meet the Press show that if the U.S. went t...

Kim Jong Un Praises ''Excellent'' Letter From Trump
Monday, 24 June 2019 13:46 WIB

North Korean leader Kim Jong Un has received a personal letter from U.S. President Donald Trump and is contemplating its contents, North Korean state media reported Sunday. The official Korean Central News Agency posted a picture of a pensive Kim holding a letter, apparently with White House letter...

Pyongyang meeting seen as bolstering Xi ahead of Trump talks
Friday, 21 June 2019 23:37 WIB

Chinese President Xi Jinping's two-day state visit to North Korea couldn't have come at a better time for both countries, analysts say. For Pyongyang, it could help pave the way back to negotiations with the United States. For Beijing, they say, it provides Xi Jinping with a way to highlight China's...

ANOTHER NEWS
Dollar Crumbles to New Lows vs. Euro, Yen on U.S. Rate Cut Bets
Tuesday, 25 June 2019 17:26 WIB The U.S. dollar fell to a three-month low against the euro and dropped to its weakest against the Japanese yen since early January as the prospect of monetary easing by the Federal Reserve knocked demand for the U.S. currency. The euro hit a...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.