Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Flash Reports 3 minutes premium

President Trump Threatens Additional Tariffs on Chinese Imports Ahead of Crucial Trade Talks

#
Coresight Research

Key Points

On 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.
premium

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×
Do NOT follow this link or you will be banned from the site!

GET OUR DAILY INSIGHTS