Original article by
bbc.com – Page: Online : 2-Aug-19
Wall Street has retreated after President Donald Trump announced via Twitter that the US government will impose a tariff of 10 per cent on an additional $300bn worth of goods imported from China. The move means that all Chinese imports will now be subject to an impost. Trump has indicated that the latest move is a short-term measure and that the tariff could progressively be increased to at least 25 per cent. The US Chamber of Commerce has warned that Trump’s latest tariff move will undermine the strong US economy.
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES CHAMBER OF COMMERCE