Trump’s 104% Tariff Increase on China to Take Effect
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Victor Gao, who is vice-president of the Center for China and Globalization in Beijing, said the tariffs "will not bring manufacturing jobs back to the United States".
From BBC
Trump's "reciprocal" tariffs on dozens of countries were set to take effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negoti...
From U.S. News & World Report
Major Asian stock markets rebounded Tuesday morning, with Japan leading gains, following a sharp selloff caused by fears around U.S. tariffs.
From Wall Street Journal
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1don MSN
Donald Trump has launched a tariff broadside against the world, China in particular. The ripple effects we've seen over the last 24 hours, with Aussie dollar plunging and billions wiped from the stock market.
Follow here for live updates and news on fallout in the financial markets from President Donald Trump's announcement last week on tariffs for all countries.
As Donald Trump's tariffs continue to roil financial markets, economists say the risk for Australia is if the economy of China, the nation's largest trading partner, is damaged by the trade war.
President Donald Trump, speaking at the White House, held up a chart showing proposed import taxes: 34 percent on China, 20 percent on the EU, among others.
President Donald Trump is set to impose an additional 84% in levies across all Chinese imports on Wednesday, White House Press Secretary Karoline Leavitt announced on Tuesday. That will mean all goods from the country are subject to a tariff of at least 104%.
Australia has escaped some of the highest tariff levels, but will still feel economic pain. There are three main ways we can respond.
Small businesses owners are already feeling the effects of Donald Trump’s tariff scheme that he claims will boost American manufacturing and bring jobs back to the United States. Many have flocked to Reddit to share their struggles, desperately searching for advice amidst fears of losing their livelihoods.
U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump's administration will not change tactics on tariffs in the near term and warned that some pain for businesses will be necessary to bring home manufacturing jobs.
Donald Trump's trade chief Jamieson Greer has defended the United States's 10 per cent tariff on Australia regardless of the countries' free trade agreement, claiming Australia has banned US beef and pork.