Navigation: » » Possible new U.S. tariffs on Chinese goods not 'cataclysmic': Commerce Secretary
Авторизация
Sign up




Possible new U.S. tariffs on Chinese goods not 'cataclysmic': Commerce Secretary

 
"This is not something that will be catastrophic," he said in an interview with Fox Business Network, explaining that a 25 percent tariff of $ 200 billion would be only $ 50 billion a year, less than 1 percent of China's economy,


Ross said that President Donald Trump now feels that this could potentially put additional pressure on "China" to change their behavior. "


Trade representative Robert Lighthaizer said on Wednesday that Trump sent an increase from the previously proposed 10 percent duty, because China refused to meet US demands and imposed reciprocal tariffs on US goods.


Thrump's threats of higher tariffs also affected China's financial markets. But Wang Yi, the chief diplomat of the Chinese government, said that the US efforts to exert pressure on China would be futile, urging its trade policymakers to "calm down."


(Corrects the network name in the second paragraph of the Fox Business Network from Fox Business News)




Похожие новости

Dear visitor, you came to the site as an unregistered user.
We recommend you Signup Or go to the site under your name.

Add a comment

Name:*
E-Mail:
Enter a code: *
reload, if the code cannot be seen