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Trump promises tariff hike on Chinese goods



WASHINGTON: President Donald Trump piled pressure on China to reach a trade deal, international media reports said.

Trump vowed to hike U.S. tariffs on $200 billion worth of Chinese goods this week saying that hundreds of billions would be targeted more soon.

The comments are likely to see a major escalation in tensions between the US and China — the world’s largest economies.

Reports said China is likely to cancel this week’s trade talks in Washington in light of Trump’s comments. (Agencies)

Publish Date : 06 May 2019 11:42 AM

T20 World Cup: Nepal faces crucial clash against West Indies

KAKTHMANDU: Nepal are set to take on West Indies today

Economic Digest: Nepal’s Business News in a Snap

KATHMANDU: Economic Digest offers a concise yet comprehensive overview of

NRB releases today’s foreign currency exchange rates

KATHMANDU: Nepal Rastra Bank (NRB) has fixed the foreign exchange

Kathmandu’s minimum temperature drops to 8.4°C

KATHMANDU: Kathmandu Valley recorded a minimum temperature of 8.4 degrees

Light rain and snowfall likely in isolated high hill and mountain areas

KATHMANDU: A partial influence of westerly winds is currently affecting