A matter of hours after u. S. President donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u. S. Goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on look you saw groove on we keep stressing that the dialogue and consultation based on quality good faith and Mutual Respect is the only right way out of the trade dispute. But what the u. S. Is doing now shows no sincerity and goodwill for found out soon that chinas counter attack comes in response to washingtons move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly Consumer Products ahead of bei
Goods the new duty essentially said at ten percent will affect two hundred billion dollars worth of imports as expected the chinese didnt just sit there and watch. A matter of hours after u. S. President donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u. S. Goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on the book you saw groove on we keep stressing that the dialogue and consultation based on quality good faith and Mutual Respect is the only right way out of the trade dispute. That what the u. S. Is doing now shows no sincerity and goodwill for found out soon that chinas counter attack comes in response to washingtons move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on
check in with our new york financial correspondent dan scotto haiyan cisco to see you again now we see most indices in the green yes why is the market so calm and all of this. you know it s not just that most amusing green but actually the s. and p. five hundred and the dow jones industrial average are almost at a record level and servia saw a very strong session here on wall street two one reason might be that the terrorists so far are considered to be moderate at least when you talk to investors over here is some experts fear that we might have even seen tariffs on those two hundred billion dollars in goods not of ten but twenty five percent but u.s. president donald trump is probably well aware that the holiday season is coming and he doesn t want to hurt u.s. consumers too much and then also we have the midterm elections coming up and then
to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing s retaliation president trump appeared to think the move was enough to force china to the negotiating table so china is now paying those billions of dollars in tariffs and hopefully will be able to work something out with i think they want to make a deal they don t want to make a deal but i can tell you they want to make a deal. but from our standpoint it has to be fair it has to take care of our workers but both a condom iis could now be losing room to maneuver aside from tariffs already implemented or imminent trump is also threatened further punitive taxes on two hundred sixty seven billion dollars worth of goods in other words tariffs on almost every single product china sells to the united states. definitely time now to check in with our new york financial correspondent dan scotto haiyan