force negotiators: He also warned he would tax nearly all of Chinese exports to the United States, according to CNN. Trump appeared to be reviving an old playbook by threatening to ratchet up tariffs on Beijing in the hopes of applying additional pressure on China to force negotiators to strike a deal as early as this week. Trump warned Sunday that he would lift tariffs Friday on a bundle of Chinese goods to 25% from the current 10% threshold, reactivating a threat he removed months ago just as it appears the two economic superpowers are on their way to a deal. Earlier this year, Trump said he was prepared to enact new sanctions, and increase existing ones, if a deal wasn't struck by a hard deadline of March 1, but indefinitely shelved those plans. The Dow was down more than 400 points Sunday evening, while the Nasdaq was down more than 100 points. The President's renewed tariff threat alarmed investors Sunday, sending stock futures down.
(news.financializer.com). As
reported in the news.
Tagged under force negotiators, week topics.