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Breaking: China Tariffs to Stay Until U.S. Election – Report

Published 01/14/2020, 01:51 PM
Updated 01/14/2020, 01:53 PM
© Reuters.

By Kim Khan

Investing.com – The existing tariffs on Chinese goods imported into the U.S. will remain until after the U.S. presidential election in November, Bloomberg reported Tuesday.

  • A move to reduce the tariffs of 25% on $250 billion in Chinese goods and 7.5% on $112 billion of goods will hinge on compliance by Beijing to the phasae one trade deal, Bloomberg said.

  • The U.S. will review progress and possibly trim tariffs no sooner than 10 months after the phase one deal is signed Wednesday, Bloomberg said.

  • The broader market pulled back after the report, with the S&P 500 moving slightly into the red, down 0.04%.

    Latest comments

    Trump is selling out the future generation for raising his chances to get re-elected. --- Repo was supposed to end today, now they decided they need more helicopter money .. The party has got to end sooner or later -- READ THIS: https://wallstreetonparade.com/2020/01/has-president-trump-become-the-pied-piper-of-wall-street-along-with-the-new-york-fed/
    Trade optimism ended yesterday. Sold all my calls and went short.
    One think i know for sure, not able to leave an open position either short or long during the night, even if stop loss is entered on the open position, cause if its not china its iran or vice versa.
    More fake news.  Please substantiate your fake news report before reporting it.  Old news. Never believe anything Bloomberg reports.  Has his own fake dynasty.
    Fake news bear trap
    beacuse you are long....
    Trump and his friends must be impeached for the whole mess up of the financial markets !!. . I would be simply amazed if trump get elected next november. . . Turmoil and turbolence at its best.
    Trump messed up again. The farmers and everyone will vote him out like 90% right now.
    man, I will long short funds and gold once this news is confirmed on Wednesday! Recession in 10 months for sure in that case.
    Bad move by the Trumpster farmers will go to the polls with no relief from Trumps tariffs and vote for a change.. Say bye bye Trumpu your fired.
    Nah farmer wants to keep immigrants out and ATH stock market.
    Well there go all my calls today.
    Luckly I bought some gold today!
    Why not sell instead, trade deal will be signed tomorrow?
    bitcoin , gold, silver etc will skyrocket when the market correction begins.
    Trump Mnuchin and Fed should stop destroying the markets by their unwarranted massive capital injections. Let markets correct and remain natural. This constant up by force is immoral and will crash the market very soon.
    Agree
    Sell the news. That’s what you will start seeing tomorrow.
    This trade deal has nothing in it. Once the details come out tomorrow that is when the correction begins in my opinion. It’s a simple as that. Buy puts, buy silver and gold. Most importantly buy SPY puts
    Get ready for a 10% pullback. You have to be really greedy and ignorant not to see it coming
    LoL, fake trade “deal”, fake US president, fake economy, fake financial markets, fake globe Earth!
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