Categories: World News

Trump impose traiffs on $200bn on chinese imports

US President Donald Trump has decided to impose tariffs on $200 billion in Chinese imports and could make the announcement in the coming days, US media reported.

Citing anonymous sources, The Washington Post and The Wall Street Journal reported that the tariffs would be set at 10 percent.

Trump has already imposed 25 percent tariffs on steel imports and 10 percent on aluminum, as well as 25 percent on $50 billion in goods from China.

The prospect of new tariffs undercuts hopes of an imminent reduction in trade tensions between Washington and Beijing.

On Thursday, China had welcomed a US offer to hold fresh trade talks, providing some hope the world’s top two economies could step back from the brink of an all-out trade war.

Recent Posts

Adeleke Unveils Redesigned Osun Logo

The Osun State Government on Tuesday unveiled the new logo for the state, a week…

8 hours ago

Nigerian Passport Ranks World’s 10th Worst Travel Document

Reports have indicated that the Nigerian passport ranked 191 out of 199 countries, making it…

8 hours ago

Why I Did Not Allow Shaibu To Succeed Me – Obaseki

The Edo State Governor, Godwin Obaseki, has disclosed why he did not back his former…

8 hours ago

Fuel Scarcity: Reps Summons Tinubu, Others

President Bola Tinubu and all relevant stakeholders in the petroleum industry have been summoned to…

8 hours ago

FG Declares Wednesday Public Holiday For Workers’ Day

The Federal Government has declared Wednesday, May 1, 2024, as a public holiday in commemoration…

8 hours ago

LAUTECH Shooting: Ekiti Students Call For Probe, Demand Justice For Slain Corps Members

Ekiti students, under the aegis of the Federation of Ekiti State Students’ Union (FESSU), stormed…

8 hours ago

This website uses cookies.