The United States is studying how proposed tariff increases on roughly another $...
BEIJING/WASHINGTON - The United States is studying how proposed tariff increases on roughly another $300 billion in Chinese imports will affect consumers and is at least a month away from enacting them, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
“There won’t be any decision probably for another 30 to 45 days,” Mnuchin said at a hearing with U.S. lawmakers, adding that he had spoken with Walmart Inc’s chief financial officer about how the tariffs will impact consumer prices. No talks between top Chinese and U.S. negotiators have been scheduled since the last round ended on May 10, the same day Trump increased tariffs on $200 billion worth of Chinese goods to 25% from 10%.
The move is a potentially devastating blow for the company that has rattled technology supply chains and investors. “Today, on the new Long March, we must overcome various major risks and challenges from home and abroad,” state news agency Xinhua paraphrased Xi as saying, referring to the 1934-36 trek of Communist Party members fleeing a civil war to a remote rural base, from where they re-grouped and eventually took power in 1949.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mnuchin says China trade talks likely to continue in BeijingU.S. Treasury Secretary Steven Mnuchin said on Wednesday he will likely travel t...
Read more »
Opinion | Is the United States losing the trade war with China?Trade negotiations have apparently made little headway in resolving the issues between the U.S. and China.
Read more »
China evokes patriotism, past wars as trade conflict with U.S. heats upThe trade war with the United States will only make China stronger and will neve...
Read more »
In Washington, talk of a China threat cuts across the political divideAmid accusations of theft and espionage, opinions have hardened
Read more »
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff...
Read more »
China's tough talk leaves trade talks with U.S. in limboChina struck a more aggressive tone in its trade war with the United States on F...
Read more »
Chinese state media hits out at 'fabricated' U.S. tech claimsThe United States has 'fabricated' accusations that China forces firms...
Read more »
U.S. trade war will only make us stronger, China's top paper saysThe trade war with the United States will only make China stronger and will neve...
Read more »
Tensions with China help U.S. see importance of North American trade: Mexican officialTense U.S.-China relations are helping the United States understand the importan...
Read more »