Updated Tariff Hikes by US Come Into Effect, China to Retaliate Soon - Forex News by FX Leaders
U.S. - China Trade War

Updated Tariff Hikes by US Come Into Effect, China to Retaliate Soon

Posted Friday, May 10, 2019 by
Arslan Butt • 1 min read

President Trump’s decision to hike tariffs on $200 billion worth of Chinese goods from 10% to 25% comes into effect starting today. Despite Chinese Vice Premier Liu He’s visit being underway in Washington, Trump has gone ahead with his decision to impose higher tariffs.

Markets now wait to see how China will retaliate to this tariff hike. So far, we’ve heard the Chinese Commerce Ministry express deep regret on this issue.

Yesterday’s meeting between Chinese Vice Premier Liu He and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin lasted 90 minutes. The meetings are set to resume later today, but markets remain unsure if both sides can salvage the deal.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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