US President Trump says its highly unlikely he will delay trade tariffs on China
WSJ reports on an interview with the Prez
- Highly unlikely he would accept a request from China to hold off on increasing tariffs to 25% on 200bn USD of imports
- If he can't reach a deal with China on trade the tariffs on an additional 267bn USD in Chinese goods will go ahead
- A tariff around 10% on goods like iPhones and laptops could temper consumer backlash
Oh dear, targeting iPhones won't be popular at all.
AUD losing a few more pips on this
The feel goods ahead of the trump - Xi meeting are dissipating already