China to apply 34% revenge tariff to all goods imported from the United States
China and US flags are fluttering near the Bund, the US trade delegation meets with Chinese counterparts for the talks in China, China, China, July 30, 2019.
Aly song | Reuters
Friday, US President Donald Trump’s US President Donald Trump said that US President Donald Trump will implement 34% tariffs after the US President Donald Trump’s leadership after this week.
“China urges US to cancel the unilateral tariff measures by immediate termination and equivalent, respected and mutually beneficial measures,” Xinhua said in a translation on Google report.
The ministry further criticized Washington’s decision to make up 34% of additional interactions in China.
CNBC reached the White House for comment.
US stock futures fell After announcing the vengeance of the China, he lowering his sessions. The contracts were closed Dow Jones Industry Medium Was 900 points or 2.2% less. S & P 500 and Nasdaq-100 Futures decreased by 2.3% and 2.6%. accordingly.
European reserves have fallen sharply in the news. Pan-regional Stoxx 600 Index, 11:27 London time, prior to extending losses, decreased by 9.5% by the European banking sector.
– CNBC’s Katrina Bishop has contributed to this report.
This broke news story is updated.
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