Day 392 august 1 2019 trump says us will impose 10

  • No School
  • AA 1
  • 24

This preview shows page 6 - 8 out of 24 pages.

exchange rate is determined by market supply and demand.” Day 392: August 1, 2019 – Trump says US will impose 10 percent tariffs on another US$300 billion of Chinese goods starting September 1 “The U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country,” said Trump in a tweet. The surprise tariff announcement comes after the US and China ended trade talks in Shanghai just the day before. Following the meeting, the White House described the discussions as “constructive,” adding that China confirmed their commitment to increase purchases of US agricultural exports. If imposed, this round tariffs will affect nearly all China’s imports to the US, including electronic and clothing consumer goods. Trump also threatened to raise tariffs to as much as 25 percent on US$250 billion worth of goods if China fails to move more quickly to reach a trade deal. Day 390-391: July 30-31, 2019 – Shanghai trade talks end with little progress being made US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He met in Shanghai for two-day trade talks. This is the first face-to-face interaction since Xi and Trump met at the G20 Summit in June, and the first official high-level negotiation since May, this year. As most analysts predicted, the talks ended with little progress. Both sides agreed to keep talking and will meet again in September. The talks centered around goodwill gestures, such as Chinese commitments to purchase US soybeans, pork, ethanol, and other agricultural commodities, and the US’
Image of page 6

Subscribe to view the full document.

promise to ease sanctions on Chinese telecoms equipment giant Huawei Technologies Co Ltd. The White House released a statement confirming China’s commitment to increase purchases of US agricultural exports, though no details were provided. China, also confirmed the discussion of procuring US agricultural products, but did not specify as to whether an agreement was made. Day 376: July 16, 2019 – Trump threatens tariffs on US$325 billion of Chinese goods, new member on China’s negotiating team President Trump once again threatens to slap tariffs on another US$325 billion of Chinese goods, despite promises not to following the truce after the G20 Summit, only two weeks prior. Meanwhile, China suddenly adds a new member to its negotiating team — commerce minister, Zhong Shan — viewed as a hardliner by many officials in Washington. Zhong was present at last month’s G20 summit and took part in a telephone conversation with US representatives last week. Day 369: July 9, 2019 – US exempts 110 Chinese products from 25 percent tariffs, issues licenses to American Huawei suppliers The Trump Administration announces that it will exempt 110 Chinese products, including medical equipment for cancer, from the 25 percent tariffs that were added on July 6, 2018. The exemption will be valid for a year from July 9, 2019.
Image of page 7
Image of page 8
  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes