Megathread: President Trump announces increase in tariffs on China for billions of dollars of products, as Wall Street reacts to an intensifying trade war
President Donald Trump said he's raising tariffs further on Chinese imports in response to Beijing's retaliation earlier in the day, deepening the impasse over the two nations' trade policies, Bloomberg News reports. Duties on the $250 billion of imports already in effect will rise to 30% from 25% on Oct. 1, Trump said in a series of tweets Friday after U.S. markets closed. He also said that the remaining $300 billion worth of goods will be taxed at 15% instead of 10% starting Sept. 1. - Bloomberg Submissions that may...
Published By: reddit - Friday, 23 August, 2019
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