The White House said Trump would sign a presidential memorandum “targeting China’s economic aggression” at 12:30pm (1630 GMT) on Thursday. China has threatened to retaliate by hitting US agricultural exports if tariffs on Chinese imports worth up to $60 billion are announced by Washington. The United States runs a hefty goods trade deficit with China of $375 billion. “China does not want to fight a trade war with anyone. Financial markets reacted to the Trump steel and aluminium tariffs with an initial sharp sell-off, although they have since regained their poise.

Source: Dhaka Tribune March 22, 2018 01:07 UTC