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Trump Says Tariffs Could Be Lower & Trade Deal Still Possible With China

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According to a report by Reuters, on Wednesday, US President Donald Trump said that while a trade deal with Chinese President Xi Jinping was possible this weekend, he is prepared to impose US tariffs on virtually all remaining Chinese imports if the two countries fail to reach an agreement. Trump reportedly also raised the possibility of imposing a lower, 10% duty on a $300 billion list of Chinese imports, as opposed the proposed 25% rate. On Saturday, Trump is expected to meet with Xi in Osaka, a conversation that has the potential to revive stalled negotiations between the world's largest economies or propel it deeper into a costly trade war that would drag down global growth and roil financial markets.

Added on the 26/06/2019 16:11:03 - Copyright : Wochit

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