Flash ReportPresident Trump Threatens Additional Tariffs on Chinese Imports Ahead of Crucial Trade Talks Coresight Research May 7, 2019 Executive SummaryOn May 5, US President Donald Trump threatened to escalate tariffs on goods imported from China, just ahead of a planned series of meetings this week some were hoping would end the trade dispute. Trump threatened to increase tariffs on $200 billion worth of Chinese goods from 10% to 25% on May 10, and impose 25% tariffs “shortly” on an additional $325 billion worth of Chinese goods. There are rumors that Chinese officials might cancel this week’s talks in Washington that many expected to be the final round of negotiations, but during a Monday news conference, a spokesman for China’s Ministry of Foreign Affairs said the trade delegation is still preparing to travel to the US for the talks. Stock markets fell on the news: Dow Jones Industrial Average futures declining around 66.47 points or 0.3% end of day Monday US local time, sliding more than 450 points earlier on Monday morning. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Unpacked—Higher-Income, Younger Consumers Are Most Optimistic: US Consumer Survey Insights ExtraOnline Shopping in Focus—Amazon Dominates E-Commerce Competition: US Consumer Survey InsightsSector Focus: Home and Home-Improvement Shopping—Data GraphicConsumer Sentiment Flatlines Ahead of Big Tariff Reveal; Plus, Mass Merchandisers and Wholesale Clubs in Focus: US Consumer Survey Insights
