You are here: Home » International » News » Economy
Business Standard

When Trump shattered calm in global markets with tariff tweets

US President Donald Trump announced Sunday that the United States would raise tariffs on $200 billion of Chinese goods to 25 per cent this week, because trade talks are moving "too slowly"

BS Web Team  |  New Delhi 

US President announced Sunday that the United States would raise on $200 billion of Chinese goods to 25 per cent this week, because trade talks are moving "too slowly".

The two sides have imposed on USD 360 billion in two-way trade since last year. But and Chinese leader Xi Jinping agreed to a truce in December to refrain from further escalation.

As recently as last week, the US had depicted the trade talks as going well.

Listen to this podcast for more.

First Published: Mon, May 06 2019. 11:09 IST
RECOMMENDED FOR YOU