After markets closed, Trump weighed in with the latest escalation in the trade war – slapping new tariffs on billions of additional Chinese products.
Starting October 1, $250 billion in Chinese products now being tariffed at 25 per cent would be hit with a 30 per cent tariff. And $300 billion in goods being hit with a 10 per cent tariff staring Sept. 1 will now be hit with a 15 per cent tariff, Trump Tweeted.
‘Thank you for your attention to this matter! Trump concluded at the end of a day that had traders and economies around the world on edge.
Earlier, he said the U.S. was ‘better off’ without China.
Oct.1 is the dark day mainline China went Red.