Trade negotiators in the u. S. And china have been working for months on a deal that would satisfy both nations and and an extruding tug of war between the worlds two biggest economies but now new threats by u. S. President trump up the pressure on each side trump said on sunday tariffs on Two Hundred Billion Dollars worth of chinese goods would increase to twenty five from ten percent that would reverse the decision he made in february to keep them at ten percent but that was when the two sides were making Good Progress on trade talks says in asia where he asked after the news european stocks also down and wall street is expected to open lower to. The u. S. China relationship is love hate at The Best Of Times but everything seemed to be going so well late last week a bullish donald trump hailed a progress in talks to avert a full blown trade war which he jim pings china. But the deal itself is going along pretty well i would even say very well well see what happens over the next coupl
a very historic monumental deal and if it doesn t happen will be fine too maybe even better. that hint of how the u.s. might be even better off without a deal became a prophecy on the same day trump standing was boosted by strong data showing the economy was powering along. the u.s. economy added two hundred sixty three thousand jobs in april the unemployment rate fell to three point six percent a near fifty year low wages also picked up for a leader who prides himself on mastering the art of the deal these figures gave him the option to pile pressure on china he announced a new round of punitive tariffs on two hundred billion dollars of imports. a classic negotiation tactic and they re feeling the pressure in china shares their plummeted with the blue chip shanghai composite down six percent. there are positive signs china s chief trade negotiator leo hood will head to washington after all there were worries he might not go but for now uncertainties about the direction of trade talks
a very historic monumental deal and if it doesn t happen will be fine too maybe even better. that hint of how the u.s. might be even better off without a deal became a prophecy on the same day trump standing was boosted by strong data showing the economy was powering along. the u.s. economy added two hundred sixty three thousand jobs in april the unemployment rate fell to three point six percent a near fifty year low wages also picked up for a leader who prides himself on mastering the art of the deal these figures gave him the option to pile pressure on china he announced a new round of punitive tariffs on two hundred billion dollars of imports. a classic negotiation tactic and they re feeling the pressure in china shares their plummeted with the blue chip shanghai composite down six percent. there are positive signs china s chief trade negotiator leo hood will head to washington after all there were worries he might not go but for now uncertainties about the direction of trade talks