More Tariffs for China on the Horizon
Negotiations between China and the United States seem to have it another standstill, causing President Trump to announce a plan to “impose a 10 percent tariff on an additional $300 billion worth of Chinese imports next month”. A sign of only further escalation in the now year-long trade war, this latest announcement comes as a bit of a surprise. Just a couple of months ago President Trump agreed to “not to impose more tariffs” after his meeting with the Chinese president, Xi Jinping.