August 2, 2019

US retailers were lining up on Thursday night against Donald Trump’s threat to impose tariffs on a fresh $300bn of Chinese imports in September, if a US-China trade deal can’t be struck.

Financial experts warned of an “economic drag” in the further escalation of trade tensions with China – after the president said that China had not stuck to various promises over trade that he had previously touted as signs of progress.

Within moments of Trump’s announcement of the threat of new tariffs, stocks and oil prices plunged.

Read more:

https://www.theguardian.com/business/2019/aug/01/trump-china-tariffs-retailers