Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.
SAINT-JEAN-DE-LUZ, France — President Donald Trump said Sunday he could declare the escalating U.S.-China trade war as a national emergency if he wanted to.
"Actually we are getting along very well with China right now, we are talking. I think they want to make a deal much more than I do. I'm getting a lot of money in tariffs its coming in by the billions. We've never gotten 10 cents from China, so we will see what happens." from 25% on Oct. 1. What's more, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Escalation in U.S.-China trade war threatens global economy, poses Trump reelection riskAmerican cars, soybeans and oil largely produced in key swing states have been targeted for additional import tariffs by China, marking the latest volley in a widening trade war with the United States that has damaged the global economy.
Read more »
Trump is meeting with world leaders at G7 as he escalates US-China trade warThe summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.
Read more »
China tariffs fuel Trump 'order' for firms to cut China tiesTrump is is threatening to use the emergency authority granted by a powerful, but obscure federal law to “order” U.S. businesses to cut ties in China after it announced plans to raise tariffs on $75 billion in U.S. imports.
Read more »
Trump Orders U.S. Businesses to Find Alternative to ChinaPresident Trump lashed out at China, saying U.S. companies were “hereby ordered” to start looking for an alternative to China, after Beijing said it would impose tariffs on $75 billion worth of additional U.S. products.
Read more »
China hits back at the Trump administration with tariffs on $75 billion worth of US productsThe move came after President Donald Trump said this month he would slap tariffs on all remaining imports from China on those dates.
Read more »
China Retaliates Against Trump, Slaps U.S. With $75 Billion TariffsThe move comes after Trump delayed some tariffs on Chinese goods.
Read more »