Trump slams China with further tariffs

Friday, 2 August 2019 10:04

Donald Trump has announced that he will impose fresh tariffs on China.

The US President says they’ll soon be a further 10 per cent fee on another AED 1 billion worth of Chinese goods

The new tariffs will be in effect from September 1.

Experts say the US will now essentially tax all Chinese imports to the USA.

The move comes despite high-ranking trade officials from the USA and China holding meeting in Shanghai.

It’s the latest development in what us a bitter trade war between the two countries that is hurting markets worldwide.

More from Business

Indian state shuts some Domino's, Pizza Hut outlets, citing hygiene lapses

The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
ADNOC's XRG advances global gas strategy with Venezuela entry

XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Iger, Kushner purchasing Lakers for record $12.5 billion

Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
Chair of India's Tata to step down after tension with controlling charity

The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Emirates offers flyers to Dubai unlimited free date changes

Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.