Trump threatened to increase tariffs on at least another USD 300 billion worth goods

US President Donald Trump has threatened that the US would hit China with tariffs on at least another $300 billion worth of Chinese goods. While Trump on 6 June said that talks with China were ongoing, no face-to-face meetings have been held since May 10. 
On May 10, the US sharply increased tariffs on a $200 billion list of Chinese goods to 25% for which Beijing retaliated.
Tensions between the two countries have risen sharply since talks aimed at ending a festering trade war broke down in early May.

IMF warns:
The International Monetary Fund (IMF) has warned that escalating tariff threats reduce business and market confidence and it could slow global growth that is currently expected to improve in 2020.Regarding this issue, the US Treasury Secretary Steven Mnuchin is scheduled to meet People’s Bank of China Governor Yi Gang at a gathering of G20 finance leaders in Japan. This will be the first face-to-face discussion between key negotiators in nearly a month.

Take Mock Tests

Government Schemes Mock Test Start Test!
Political Science Mock Test – 42 Start Test
History Test – 190 Start Test
Quantitative Aptitude Test Start Test!
Data Interpretation - Mock Test Start Test!
General Awareness - Mock Test Start Test!
Reasoning Ability - Mock Test Start Test!

We will be happy to hear your thoughts

Leave a reply
Register New Account