Trump administration officials were expected to continue high-stakes trade talks with China on Friday, as higher tariffs kicked in.
WASHINGTON – President Donald Trump said Friday that trade talks will continue between the United States and China, even as new tariffs took effect and the president threatened the Chinese with even more in the future.
The results, they said, will be higher prices for consumers, perhaps less trade between the world's two largest economies, and more complicated negotiations on a new trade agreement.The impact on stocks: Dow, stocks poised for a lower open after higher tariffs kicked in Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products. These massive payments go directly to the Treasury of the U.S....
The White House left open the possibility of coming to an agreement to roll back what would amount to the largest escalation to date in a months-long trade war with Beijing. The announcement came after Trump and his top economic advisers had said for weeks that talks with China were progressing and that a deal was imminent. As late as Thursday afternoon – hours before Chinese Vice Premier Liu He met with his counterparts in Washington – Trump signaled that a deal with Beijing remained within reach.Impact: This is what might happen if U.S. starts a trade war with China
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