Trump is said to back $200 Bln China Tariffs Early as Next Week – Neal Bhai Reports
Gold Silver Reports (GSR) – The earlier report by the China Daily has been revised – The media outlet has now come out to change its earlier report here and say that “China will take action against US tariffs” – implying that retaliatory tariffs are yet to have been slapped on US goods as suggested earlier.
Gold Silver Reports (GSR) – Trump Says U.S. Tariffs Could be Applied to Chinese Goods Worth $500 Billion – Trump confirmed that the United States would begin collecting tariffs on $34 billion in Chinese goods at 12:01 a.m. Washington D.C. time (0401 GMT) on Friday and warned that subsequent rounds could see tariffs on more than $500 billion of goods, or roughly the total amount that the United States imported from China last year.
Gold Silver Reports (NBR) – Donald Trump Misguided Trade War — U.S. President Donald Trump may sincerely think he’s battling to win Americans a better deal on trade with China. In fact, he’s making a better deal harder to achieve — and threatening to inflict grave economic damage on the U.S. economy in the process.
Gold Silver Reports (GSR) – Trump Trade War Spurs India to Import More Oil, Drones From U.S. — Asia’s third-largest economy could bridge the surplus by up to $4 billion through oil imports alone, government officials said, asking not to be identified as they are not authorized to speak to the media.
Gold Silver Reports (GSR) – Trump Praises China’s Xi’s Trade Speech, Easing Tariff Tensions – “Very thankful for President Xi of China’s kind words on tariffs and automobile barriers,” Trump said on Twitter. “Also, his enlightenment on intellectual property and technology transfers. We will make great progress together!”
Gold Silver Reports (GSR) – Chinese investment into the U.S. slumped last year to $29 billion from $46 billion, as the Asian nation restricted outbound capital and the Trump administration took a tough stance on deals, according to the report Tuesday from New York-based research firm Rhodium Group and the National Committee on U.S.-China Relations. U.S. investment into China was little changed at $14 billion.