U.S. will be 'taxing' China until trade deal is reached: Trump
Video Credit: Reuters Studio - Duration: 00:57s - Published
U.S. will be 'taxing' China until trade deal is reached: Trump
President Donald Trump said on Thursday Chinese President Xi Jinping was not moving fast enough on reaching a trade agreement and that the United States would be "taxing" China until a deal is secured.
The Dow closed down 285 points, reversing gains after Trump tweeted that he would impose 10% tariffs on an additional $300 billion of Chinese imports on Sept.
1.
Trump, who often says the tariffs are a tax paid by China, told reporters the proposed tariffs could be increased in stages and said they could rise above 25%.
Trump's announcement came after U.S. and Chinese negotiators wrapped a two-day meeting in Shanghai on Wednesday without significant signs of progress in resolving a trade war between the world's two largest economies.
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Speaking on India-China border tensions, US Secretary of State, Mike Pompeo said, "I have spoken with Foreign Minister S Jaishankar a number of times about this. Chinese took incredibly aggressive actions and Indians have done their best to respond to that. There aren't many neighbours that can satisfactorily say that they know where their sovereignty ends and the Chinese Communist Party will respect that. That is certainly true now for people of Bhutan. The world must come together to respond to this. This increasing revisionist effort that the Chinese Communist Party (CCP) is engaged in is something that President Trump has taken incredibly seriously." He further said, "World has seen true colours of Chinese Communist Party and I am convinced more than ever that free people of the world will come to understand the threat. The impact General Secy Xi Jinping has on the world is not good for free and democracy loving people."
[NFA] In an interview with ABC News, former national security adviser John Bolton warned that U.S. President Donald Trump poses a ‘danger for the republic.' Yahaira Jacquez reports.
The S&P 500 ended lower Friday after a choppy session as investors weighed spiking cases of COVID-19 and Apple's announcement of fresh store closures against anticipated stimulus and continued economic recovery. Fred Katayama reports.
The Dow and S&P 500 snapped three-day winning streaks as a surge in new coronavirus cases in several states gave investors a reason to pause. Conway G. Gittens has the wrap.
U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession was over or drawing to an end. Fred Katayama reports.
Spirits were high and face masks were on as the gates opened, and staff welcomed visitors back to Hong Kong Disneyland on Thursday after a nearly five-month closure. Gloria Tso reports.
The Magic Kingdom is set to reopen its gates in Hong Kong nearly five months after it was closed due to the coronavirus pandemic. Fred Katayama reports.
Dele Alli will miss Tottenham's Premier League restart against Manchester United, having been found guilty of misconduct after mocking the coronavirus outbreak.
About three flights have been coming in each week from Shanghai; Iberia has been working with two companies to keep medical supplies rolling in.View on euronews
Credit: euronews (in English) Duration: 02:22Published
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