China Raises Tariffs On $60 Billion Worth Of U.S. Goods

Shrugging off a warning from U.S. President Donald Trump, China has announced plans to raise tariffs on $60 billion worth of U.S. goods. The move by China comes in retaliation to Trump’s recent decision to raise tariffs on approximately $200 billion worth of Chinese goods to 25 percent from 10 percent. China said increased tariffs on a total of 5,140 […]

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China raising tariffs on $60 billion in US goods

China announced Monday that it will impose tariffs on $60 billion worth of American products starting June 1 – an apparent retaliation to President Trump’s decision to hike duties on goods from the country. Beijing will slam a number of US imports with tariffs ranging from 5 percent to 25 percent, according to a statement by the Tariff Policy Commission […]

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Trump ratchets up tariff threat after talks show no progress

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war. Trump’s move would subject about $300 billion worth of Chinese imports to punitive tariffs, U.S. […]

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'More bumps in the road' before US-China trade deal, former Treasury Secretary Jack Lew warns

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods over the past year, battering financial markets and souring business and consumer sentiment. “I suspect there are some more bumps in the road ahead as the most difficult issues get worked out,” Lew told CNBC’s Martin Soong in Beijing, China on Monday. If […]

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Treasury yields slightly lower amid reports of US-China trade progress

Investor focus was mostly attuned to global trade developments, after a report overnight said the U.S. and China were closing in on a deal. Elsewhere, investors will likely monitor construction spending figures, which are due to be released at 10 a.m. ET. Meanwhile, the Treasury is set to auction $48 billion in three-month Treasury bills and $39 billion in six-month […]

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