Trump is ready to introduce duties on all supplies from China
In the second part of an interview with CNBC, us President Donald trump said that he was ready to impose duties on all supplies from China – worth about $505 billion (this was the volume of supplies in 2017). This is fraught with further escalation of the trade conflict between the two largest economies in the world.
“We are incredibly lagging behind,” trump said, speaking of the imbalance in trade between the US and China.
In June, Washington imposed duties on imports of Chinese goods worth $34 billion, to which Beijing responded with similar measures.
The stock markets reacted to the us President’s statement by reducing. The s&p 500 fell by 0.3%, European stock indexes are also trading in the red zone.