Decision Wednesday: China and Chinese Imports

decision wednesday: It gave no details or any indication plans for trade talks in Washington in September might be affected, according to Market Watch. President Donald Trump has said he plans to impose 10% tariffs on an additional 300 billion of Chinese imports starting Sept. 1, extending penalties to almost everything the United States buys from China. Beijing will take unspecified necessary countermeasures, China's Cabinet said in a one-sentence statement. The Chinese announcement made no mention of Trump's decision Wednesday to postpone penalties on about 60% of those goods until Dec. 15. Meanwhile, investors were keeping an eye on U.S. bonds. Still, officials from China's foreign ministry later said they hope a trade deal will still be worked out, and said Trump and President Xi Jinping have remained in contact. (news.financializer.com). As reported in the news.