Axar.az
UP
5 April 2020


Trump defends position on trade with China

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

President Trump on Saturday defended his policy of using tariffs to pressure other nations to negotiate revised trade deals after the latest round of U.S. talks in China wrapped up without any significant progress toward a deal.

Axar.az reports citing The Hill that Trump defended his position on trade after his administration threatened this week to place another 10 percent tariff on $300 billion in Chinese goods beginning on Sept. 1. That, combined with existing 25 percent penalties on $250 billion in goods, would impose levies on virtually all remaining Chinese imports.

Things are going along very well with China. They are paying us Tens of Billions of Dollars, made possible by their monetary devaluations and pumping in massive amounts of cash to keep their system going. So far our consumer is paying nothing - and no inflation. No help from Fed!

“Raising tariffs by 10 percent on an additional $300 billion worth of imports from China will only inflict greater pain on American businesses, farmers, workers and consumers, and undermine an otherwise strong U.S. economy,” Myron Brilliant of the U.S. Chamber of Commerce, the country’s largest business group, which has frequently tangled with Trump on trade.

Date
2019.08.03 / 20:56
Author
Axar.az
Comments
See also

IMF: This is the first time in history

Three countries agree on oil

Oil prices rose significantly

Oil prices have risen - the last price

Azerbaijan currency rates

The US and Russia agreed: This creates a risk

Azerbaijan currency rates

Azerbaijan currency rates

Russian oil fell to $ 16

Global demand for oil will decrease - Forecast

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla