Tuesday, May 14, 2019 |
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Worthy News(Worthy News) - U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.
China announced earlier it would impose higher tariffs on a range of U.S. goods, including frozen vegetables and liquefied natural gas, a move that followed Washington’s decision last week to hike its own levies on $200 billion in Chinese imports.
The U.S. Trade Representative’s office said later it planned to hold a public hearing next month on the possibility of imposing duties of up to 25% on a further $300 billion worth of imports from China. Cellphones and laptops would be included in that list but pharmaceuticals would be excluded, the office said. [ Source: Reuters (Read More...) ]
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It's scary to learn that we get pharmaceuticals from China. I didn't know!
Does Xi think he can outdo the master at business? I think Xi is going to learn a new song ....... "And Another One Bites the Dust".