US President Trump has proposed an additional (yes, more) $100bn of tariffs on imports from China:
- Trump has instructed Treasury to consider another $100bn of tariffs on China
- Yen up, AUD down: President Trump issues order to consider MORE tariffs on China
- $50bn in tariffs to $150bn ... Trump triples down
- If everyone could just quieten down a little please, cable is trying to sleep
So far we have had no response from China.
It is still early there so perhaps that isn't surprising, but also be aware that its a holiday in China today, through until Monday, for Qingming festival ... so maybe we won't be hearing too much on retaliation. I do expect we'll get something though .... watch out for headlines to come!
China was out yesterday, as was Hong Kong for the holiday - HK is back today.
