Chinese Goods: Week and Chinese Officials

chinese goods: In response, China may withdraw from the next round of trade talks scheduled to begin Wednesday in Washington, according to Market Watch. U.S. officials had indicated progress had been made at talks last week in Beijing, and said it was possible a deal could be reached by the end of this week. On Sunday, President Donald Trump tweeted that he would raise tariffs on 200 billion of Chinese goods from 10% to 25% this week, apparently taking Chinese officials by surprise. But the sudden hard line by Trump spooked investors. Just ahead of Shanghai's open, China's central bank made a move to stimulate the economy by cutting reserve requirement ratios RRRs for 1,000 rural commercial banks, which will make it easier for small and micro companies to borrow. U.S. stock market futures sank, with Dow Jones Industrial Average futures YMM9, 0.27% S&P 500 futures ESM9, 0.25% and Nasdaq Composite futures NQM9, 0.26% all falling around 2% by Sunday and into Monday. (news.financializer.com). As reported in the news.