Trump announces new tariffs
China-US • 1m 54s
One day after announcing new 10% tariffs on Chinese imports President Donald Trump says he could increase them even more. At the same time, Beijing is promising “necessary countermeasures” if any new duties go into effect.
Stock markets in France and Germany fell more than three percent. In the United Kingdom and Japan, they dropped more than two percent. Friday capped the Nasdaq’s worst week in 2019.
Up Next in China-US
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China currency depreciation opens up ...
The trade battle between the U.S. and China appears poised to escalate even further.
China’s currency dropped to a historic low on Monday – prompting U.S. accusations the move was aimed at undercutting its most important trade partner.
CGTN’s Owen Fairclough reports.
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California wine growers feel tariff pain
The Trade War between the U.S. and China lingers on. And in the meantime, many industries are feeling the heat, including wine.
California accounts for 97% of the U.S.’s wine, leading many growers there to put expansion plans in China on hold. -
Trade war explained
What if, instead of the U.S. and China battling it out on trade--it was two classes trading cards? We explain the trade war.
