Bloomberg News on Monday quoted unnamed sources as saying the United States is prepared to declare tariffs on all remaining Chinese imports by early December if U.S. President Trump and Chinese President Xi Jinping fail to ease the trade war next month.
According to the report, although the matter has not yet been finalized, the U.S. side is ready to come up with a new tax list once the "special council" can not make progress in resolving the U.S. -China trade dispute. (bloom.bg/2OUfGHv)
A person familiar with the U.S. government's tariff review told Reuters there could soon be a new round of tariff action. "The wheel is already turning in that direction," the person added, without further explanation.
Bloomberg reports weighed on U.S. stocks on Monday afternoon. The Dow Jones industrial average. DJI fell 1%, the Nasdaq index. IXIC fell 1.6%, and technology and Internet stocks also weighed on the market.
Trump has long threatened that if the Chinese government fails to meet the demands of the United States and makes drastic changes in foreign trade, technology transfer and industry subsidies, the United States will impose a tax on all surplus products exported from China to the United States. China exports to the United States more than 257 billion dollars.
Trump has imposed tariffs on $250 billion of Chinese products and China has imposed retaliatory tariffs on $110 billion of American products. Previous rounds of U.S. tariffs were not implemented until at least two months after the list of products was published, with a public consultation period.

<>If there is no progress, the United States plans to levy taxes on all remaining

 

PREVIOUS:Guizhou Moutai people said that the annual expected growth can be realized witho        NEXT:India's finance minister criticized the central bank's failure to prevent excess