US Treasury: US tariffs on Chinese goods are prepared at Trump’s direction
|The US Treasury Department is out with a statement, citing that the US tariffs on the Chinese products are prepared at President Trump’s direction.
Earlier today, Reuters reported that Trump said he has asked the US trade representative to identify $200 billion in Chinese goods for additional tariffs at a rate of 10 percent.
Mounting worries over the US-China trade spat has accentuated the risk-off trade in Asia, benefiting the safe-haven Yen the most.
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.