U.S, China Set To Resume Trade Talks Against Backdrop Of Trump Tweets
The latest tweets from President Trump are causing a stir on Wall Street.
Last December, trade talks between the U.S. and China lifted the stocks of both nations and it was believed trade negotiations were going well.
But the president recently stated plans to raise tariffs from 10 percent to 25 percent on goods that, until now, had not been affected by tariffs. The news has resulted in a drop of Dow futures.
Edward Alden is a senior fellow at the Council on Foreign Relations.
....of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have had little impact on product cost, mostly borne by China. The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!— Donald J. Trump (@realDonaldTrump) May 5, 2019