US President Trump says its highly unlikely he will delay trade tariffs on China

Author: Eamonn Sheridan | Category: News

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

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