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Aug. 1, 2019 10:04 am
The U.S. will impose an additional 10 percent tariff on $300 billion in Chinese imports starting next month, President Donald Trump announced Thursday via tweet.
Wall Street immediately pulled back on the news, with the Dow Jones Industrial Average falling from a 300-point gain to a decline of 100 points.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin just returned from trade talks in Shanghai, where little progress appeared to have been made. A new meeting had been set up for September, the White House said earlier this week.
So we have the tariffs part down (although Trump lies about them nonstop) but where is the deal? Maybe they are close, who knows?
