Trump announces fresh tariffs on Chinese goods « Khabarhub
Tuesday, June 18th, 2024

Trump announces fresh tariffs on Chinese goods


02 August 2019  

Time taken to read : < 1 Minute


  • A
  • A
  • A

WASHINGTON: US President Donald Trump has announced fresh 10% tariffs on another Chinese products worth Rs $300 billion effective from September 1.

The move is the latest salvo in an escalating trade war between the two countries after the latest round of bilateral talks showed little sign of a breakthrough.

On Wall Street, the Dow Jones share index fell sharply, tumbling about 1%, with the announcement. Investors reacted to the news with dismay.

Trump tweeted that the tariffs applied to “the remaining 300 Billion Dollars of goods and products coming from China into our Country”.

In later remarks, the president told reporters the 10% tariff was a short-term measure and that tariffs could be lifted to more than 25%.

The new levy is likely to affect a wide range of goods, from smartphones to children’s clothing.

Publish Date : 02 August 2019 07:30 AM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

Victims of conflict during Maoist-led war should receive compensation: Biplav

KATHMANDU: General Secretary of the Nepal Communist Party, Netra Bikram

President Paudel meets German President Steinmeier in Berlin, urges removal of EU flight ban on Nepali airlines

BERLIN, GERMANY: President Ramchandra Paudel met with German President Frank-Walter

State treasury could get Rs 300 billion more in revenue if tax systems reformed: HLRC

KATHMANDU: The High-Level Recommendation Committee (HLRC) on Tax System Reforms

Karnali province generates only three billion rupees internal revenue in six years

BHERIGANGA: The Karnali provincial government has generated a mere three