Below is an extract of a post published on Guardian titled "Trade war escalates as Trump imposes tariffs on $200bn of Chinese goods - business live"
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Make america great again.- Donald Trump.
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Via: Guardian
All the day’s economic and financial news, as China accuses president Trump of poisoning trade talks with his latest salvo of tariffs 7.37am BST A senior Chinese regulator has accused Donald Trump of creating a toxic atmosphere that could undermine efforts to reach a trade pact. Fang Xinghai, vice chairman of China’s securities regulator, also claimed that China wouldn’t cave in to these latest tariffs. “President Trump is a hard-hitting businessman, and he tries to put pressure on China so he can get concessions from our negotiations. I think that kind of tactic is not going to work with China.” 7.23am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. “For months, we have urged China to change these unfair practices, and give fair and reciprocal treatment to American companies. We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly. But, so far, China has been unwilling to change its practices.” “I urge China’s leaders to take swift action to end their country’s unfair trade practices. Hopefully, this trade situation will be resolved, in the end, by myself and President Xi of China, for whom I have great respect and affection.” Related: Trump imposes $200bn of new import tariffs on China as trade war escalates #FTSE100 Index called to open -35pts at 7265 after Trump imposes tariffs an another $200bn of China imports, weakening USD but keeping GBP strong; dual-listed Miners mixed downunder o'night pic.twitter.com/1FLkbslirS Continue reading…
