Trump dismisses trade war concerns as China halts agricultural purchases
The White House says it is still open to trade talks, as the yuan weakens further after a sharp Monday drop, and China warns of chaos
06 August 2019 - 19:12
Washington/Beijing/Shanghai — On Tuesday, US President Donald Trump dismissed concerns over a protracted trade war with China, as Beijing warned that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets.
Trump, who announced last week that he would slap a 10% tariff on a further $300bn in Chinese imports starting September 1, said investment was pouring into the US economy. He also pledged to stand with American farmers in the face of Chinese retaliation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.