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View all search resultsTrump told reporters at the White House on Monday that he could impose tariffs of 25 percent, or “much higher than 25 percent” on $300 billion in Chinese goods. “We’ve never gotten 10 cents from China and now we’re getting a lot of money from China,” the president said.
President Donald Trump got a briefing from his trade negotiators after the first day of talks with the Chinese side on Thursday, but made no move to hold off on the tariffs -- dashing hopes there might be a last-minute reprieve as the negotiations continued.
The news “distracts the market’s focus from a nascent economic recovery to short term volatility. Risk assets will be under pressure for now,” said Hao Hong, chief strategist at Bocom International Holdings. “Because both parties want a deal, I continue to believe that the long-term uptrend trumps short-term volatility.”
Trade Minister Enggartiasto Lukita has said negotiators of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA CEPA) will meet to settle the differences that could not be resolved in previous meetings.
There is "no appetite" among the Trans-Pacific Partnership signatories for major renegotiations to accommodate the US, Australia said Sunday after President Donald Trump indicated he was considering rejoining the pact.
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