Trump To Decide On $300 Billion China Tariffs After G20 Meeting - Dollar Advisory Financial Services

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Friday 7 June 2019

Trump To Decide On $300 Billion China Tariffs After G20 Meeting

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U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world’s largest economies late this month. Relations between the United States and China have deteriorated since Trump in early May accused Beijing of reneging on commitments to change its ways of doing business with the rest of the world.
Trump raised tariffs to 25% on $200 billion of Chinese goods and ordered his trade representative to prepare tariffs on another $300 billion, effectively covering almost all Chinese exports to the United States. “I will make that decision in the next two weeks after the G20. I will be meeting with President Xi and we’ll see what happens, we’re probably planning it sometime after G20,” Trump said in France on Thursday.

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