ARN News Centre

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

Dubai Taxi Company to acquire National Taxi

Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Dubai Holding becomes largest shareholder of Emaar Properties

Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from the Investment Corporation of Dubai (ICD), becoming the company's largest shareholder with a total 29.73 per cent stake.
Abu Dhabi gets AED55 billion boost for 24 infrastructure projects

Abu Dhabi has greenlighted 24 infrastructure projects under a new AED55 billion public-private partnership that will see the development of roads, flood control systems and education campuses among others.
Abu Dhabi aims for 80% local materials in housing projects

Abu Dhabi plans to increase the use of locally manufactured building materials in housing developments to as much as 80 per cent under a new agreement between two government entities.
UAE Central Bank support package reaches AED 6.2 billion

The Central Bank of the UAE (CBUAE) has announced the key outcomes of its comprehensive support package designed to strengthen the resilience of financial institutions.