Trump's new tariffs throw cold water on hopes for China deal, raise worries over US economy
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US President Donald Trump departs for travel to Cincinnati, Ohio from the South Lawn of the White House.
PHOTO: REUTERS
China is unlikely to make any significant concessions in the face of President Donald Trump’s latest action., Nirmal Ghosh
WASHINGTON - News of a fresh round of 10 per cent tariffs effective Sept 1 on an additional US$300 billion (S$413 billion) worth of Chinese imports to the United States, has thrown more cold water on already low expectations of any deal with China on trade and market access.
"We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!" President Trump tweeted on Thursday (Aug 1), two days after high level talks in Shanghai.