Here at JORI International Ltd., we strive to keep you informed with the latest news. As CTV News has reported, U.S. President Donald Trump tweeted on Sunday, May 5th that,
“tariffs on US$200 billion of Chinese imports will jump from 10 per cent to 25 per cent this week, giving Chinese negotiators a fresh deadline and added pressure as talks between the two countries resume this week. We have yet to hear the result of that meeting that was scheduled for yesterday this week.”
Although even with this in the works between US & China, it’s still uncertain if that will change much of what the GDP data has illustrated for both the good and bad of Trump’s Trade Wars as said on gCaptain.
“In January the monthly Survey of Business Uncertainty led by the Federal Reserve Bank of Atlanta found that the U.S. private sector had reduced capital investment by 1.2 percent, or $32.5 billion, in 2018 as a result of the tit-for-tat tariff wars Trump provoked with trading partners.”
Read more here: https://gcaptain.com/god-and-bad-of-trump-trade-wars/
For any questions or concerns, please contact your JORI Representative.