Trump sends markets tumbling with renewed call for additional China tariffs - News Summed Up

Trump sends markets tumbling with renewed call for additional China tariffs


The fresh comments by the President on Twitter came just days after he expressed cautious optimism over the possibility of brokering a possible trade deal with China soon. The White House has set its sights on wrapping up trade talks by the end of the month. Chairman of the Council of Economic Advisers Kevin Hassett also boasted in an interview with CNN's Poppy Harlow on Friday, "The proof will be in the pudding if the China deal is closed soon. Such pressure by the Trump administration on trade talks, however, has often sparked tumult on Wall Street with major selloffs over jitters the trade war would be long lasting. On Sunday, Senate Minority Leader Chuck Schumer tweeted : "Hang tough on China, President @realDonaldTrump.


Source: CNN May 05, 2019 17:42 UTC



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