Following China’s response to US $50 billion tariffs in Chinese imports announced by Trump last Friday, new threats emerged. Trump announced fresh Tariffs of 10% on $200bn Chinese goods if China “insists on going forward with the new tariffs”.
Tag: Euro
China is ready to respond to US $50 billion tariffs in Chinese imports announced by Trump last Friday. Fears that the trade war escalates exerted a pressure on oil prices.
United States announced the imposition of $ 50 billion tariffs in Chinese goods by revising a tariff list of 800 products. President Trump is also getting ready for a second phase and a second list of $100 billion this time.
As widely expected Federal Reserve raised interest rates on Wednesday, signalling a new era for the USA economy. U.S. economy is almost ideal, retreating from nearly a decade of recession, shifting from stable prices to stable growth. Interest Hikes is only one of the FED’s targets.
North Koreans were informed by N. Korean state media on Wednesday about the meeting of their leader with the US President in Singapore on Tuesday. Local newspapers reported the summit between the U.S. and North Korea describing it as a win of Kim Jong Un.