Trump tells Treasury to consider another 100B in China tariffs - White House
|US President Trump has asked his Treasury department to examine another 100B in tariffs against China, according to a statement from the White House Press Secretary's office.
Key details
A statement from the President's administration has hit the wires detailing Trump's justification for seeking an additional $100 billion in additional tariffs against the Chinese under the 1974 Trade Act's section 301, accusing China of unfairly obtaining American intellectual property. Trump pointed out that he is still willing to meet with China at the negotiating table.
Trump also ordered his Secretary of Agriculture to look into ways to protect the US farming sector from further tariff fallout.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.