President Trump warns of tariffs of up to $267 billion on Chinese goods
On September 14, Bloomberg news agency reported that President Donald Trump has directed the imposition of an additional $200 billion in tariffs on Chinese goods.
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| US President Donald Trump. (Photo: Getty Images). |
After this information was announced, financial markets and stock exchanges in the US and China immediately fluctuated. The information was released exactly 1 week after President Donald Trump raised the possibility of imposing an additional 200 billion USD in tariffs on Chinese goods, while warning that he would continue to impose tariffs on up to 267 billion USD.
To date, the US and China have imposed tariffs worth $50 billion on each other's goods and negotiations have yet to resolve the trade dispute between the two countries.
The value of US imports from China in 2017 was 505 billion USD and this figure as of July 2018 increased by nearly 9% compared to the same period last year./.
