Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

NewsBreak: Trump Threatens to Hike Tariffs on China

Published 11/19/2019, 12:46 PM
Updated 11/19/2019, 01:01 PM
© Reuters.

© Reuters.

Investing.com – President Donald Trump threatened Tuesday to hike tariffs on imported goods from China unless Beijing makes a trade deal with Washington. So far, the threat hasn't cause a huge panic among investors.

  • Trump reportedly made the threat while speaking at the White House during a cabinet meeting, CNBC reported.

  • Sentiment on a U.S.-China trade deal has soured in recent weeks amid uncertainty over whether Beijing will agree to consummate the Phase One trade deal, which was agreed to in October. China reportedly wants the U.S. to roll back previously imposed tariffs before it will ratify the terms of the proposed trade deal. Reports have also suggested that China's unwillingness to agree to commit to a sizable purchase of U.S. agriculture goods had also stifled progress on trade. Trump previously suggested that Beijing had agreed to purchase $50 billion worth agricultural goods.

  • The market seems to have gotten used to Trumpian trade threats, with investors content to wait for a deal or an official collapse in talks. The S&P 500 was already struggling because of weak earnings from Home Depot (NYSE:HD) and Kohls (NYSE:KSS) and losses among energy stocks because of lower oil prices. The index was off as many as eight points but was off slightly at 1:18 p.m. ET.
  • The Dow was off 0.3%. The Nasdaq Composite was up 0.3%.

Latest comments

imagine how good this economy would have been if a grown up was in office .
Or even a rational toddler...
knew this is coming in the back of my mind.
Oh .....say it isn't so! My king!
Maybe no deal and no imports at all would be probably better unless US wants to be taken over from China in the next 25-50 years.
That would be bad, because Putin's puppet wanted us to be taken over by Russia.
he loves carrot
Trump 2020! more tariff do not back down. back to square 1 will be deemed as a loser. tariff rollback only after structural changes are made.
one what planet do people live on that they think trump will make a trade deal with US economy doing good and stock market non-stop busting into ATHs. even today on this news it is going up. why in the world does anybody think trump would do a trade deal. this is his ace up the sleeve and no need for him to do a deal that is not beneficial to the US at this time. he is not a corrupt globalist who puts china first.
he is just so incompetent
im what way is that incompetent? he has actually been 100% right on the trade war, US economy doing fine, china doing poor. is it becasuse you puts are not playing out well?
I don't have puts. he may have good aims, but his strategy only leads to mess. our GDP growth goes down by more than 40%, and national debt has exceeded annual GDP, in which DT contributed more than 1.2trillion per year. what a good economy as he touted!!
completely crazy!
so far the threat hasn't caused huge panic among investors, remember the usd/cnh spike in August with the US market crash?
Wait til he has imposed the tariff for real, which he will do, because China is waiting him out til election.
ye, trade war may start tonight again on the exchange
All you naysayers... stay in your lane and let Trump do his job for America.
 Seems that way ..... for now .....
first of “much better” is a strench, but you all act like it was is shambles. Trump is an eighth inning relief pitcher that was handed a 9–2 winning game and now its 10-6. And you all act like he got us out of depression or something.
You misspelled Russia as "America" there.
he just need to get out of the white House.!people aren't going to pay any more attentions to his remakes!!
You my friend are obviously not a negotiator. Stay in your lane and let Trump win for America
How about you go back to School and learn English?
When will the evil nightmare that is the trump administration finally be over?
not soon enough
haha  Yes, for China & Europe, Trump is a nightmare!  But that's a good thing for many other countries and the US.
xi aint your slave to listen whatever you wish psycho
US economy doing fine, china doing bad... xi not our slave, but we are no longer china's. best of luck xi without the US to buy your cheap garbage.
dude the successful economy isnt about one nation, but its worldwide econony growth. if us couldnt conpete with china cause of low cost creativity inventions and for sure cheap labors then you better help to think how to make it happen for usa rather suffer the global economy. bare in mind you are not the only human living on earth! we must consider other nations economy or eventually usa economic that might drowning cause of one person call donald duck
Only lies nothing else, trade deal is close ? It was never close ! Just lie to make market up and who Will lose money ? for sure Trump will not .
Frankly I wonder if, in part, the trade war was a manipulation to get the Fed to reduce interest rates and push up the economy so that Trump could take credit for the next election. There is a limit to what he can do when it comes to the number of people demanding shares and other assets, at least in the short term
could have I mean he could also take advantage of the rates and reduce any personal debt or maybe he actually thought he get the fed to low rates to refinance americas debt. whatever he thought though he didnt think the whole thing through and how they would affect economies
The longer China waits, the worse it will get for them.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.