MBABANE:Donald Trump threatens China with additional 50% tariffs if Beijing does not withdraw its 34% retaliatory tariffs on Washington, the British Broadcasting Corporation(BBC) reported.
“If imposed, it could leave some US companies bringing in certain goods from China facing a 104% tax.It comes as US markets drop sharply again on opening, while Europe’s biggest stock markets-including London's FTSE 100-have all closed over 4% downMeanwhile, the EU says it's offering "zero-for-zero” tariffs on some goods it exports to the US”, reads the BBC report.
United States(US) President Donald Trump threatens extra 50% tariffs on Chinese goods if Beijing refuses to withdraw retaliatory 34% on Washington(pic: BBC).