Trump to increase tariffs on China to 125
Trump announced that tariffs on China will be increased to 125 and this decision will be implemented immediately.
He cited China’s disrespect towards global markets as the reason for this action and added that he hopes China will soon realize that the era of tearing apart the United States and other countries is no longer acceptable or sustainable.
Trump also mentioned that over 75 countries have contacted us to negotiate about tariffs.
Following these statements, the Dow Jones index rose by about 5.