This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
United States (US) President Donald Trump expects to carry on and raise tariffs on US$200 billion in Chinese imports to 25% from the current 10% and is “highly unlikely” to accept China’s plea to hold off the tariff hike due on January 1.
In an interview with The Wall Street Journal on Monday, Mr Trump repeated his threat to slap tariffs on all remaining imports from China, adding that “the only deal would be (that) China has to open up their country to competition from the US”.
"If we don't make a deal, then I'm going to put the US$267 billion additional (tariffs) on," at a tariff rate of either 10% or 25%, Mr Trump told the media publication.
Mr Trump is expected to meet Chinese President Xi Jinping in the upcoming G20 summit at Bueno Aires, Argentina this weekend.
.jpg)
