Trump's new tariffs throw cold water on hopes for China deal, raise worries over US economy

US President Donald Trump departs for travel to Cincinnati, Ohio from the South Lawn of the White House. PHOTO: REUTERS
Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.