- Trump said he is willing to escalate the current tariffs on China from $34 billion to $500 billion.
- Markets around the world dropped after the comments.
- Traders are afraid we're heading for a full-blown global trade war.
- You can follow global market developments at Markets Insider.
LONDON — Global markets are falling late on Friday morning after US President Donald Trump threatened to levy new tariffs on more than $500 billion of goods from China.
Trump told CNBC in an interview that ran on Friday that he is "ready to go to 500" on tariffs on Chinese imports.
See the rest of the story at Business Insider
NOW WATCH: Expanding Warren Buffett’s value investing approach to the socially responsible sector
See Also:
- IMF: The US trade war could cost the global economy $430 billion
- EU's Tusk calls for WTO reform to stop 'conflict and chaos' of Trump's growing trade war
- A troubling lesson from the 1930s suggests Trump's trade war will damage the world for decades
from Business Insider https://ift.tt/2uAjEc4
No comments:
Post a Comment