Trade Talks

u.s: Later in the day, Trump said in remarks to reporters at the White House that he might still ratchet tariffs up to 25%, as he's previously threatened -- or even higher, according to CNN. It can be lifted in stages so we're starting at 10% and it can be lifted up to well beyond 25%, the President said. Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional tariff of 10% on the remaining 300 billion dollars of products coming from China into our country, he tweeted. But we're not looking to do that, necessarily. It would tax goods like iPhones and other consumer electronics, sneakers and toys. Oil prices nosedive 8% on Trump tariff threat -- worst day in more than 4 years The new tariffs could hit US consumers harder than the earlier rounds. (news.financializer.com). As reported in the news.