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04 December 2019

BBC: Trump warns of another year of trade tension


US President Donald Trump has set off a new bout of trade worries, firing tariff threats and hinting that a China deal may not happen for another year.

Speaking at a Nato summit on Tuesday, Mr Trump said he had "no deadline" for striking an agreement with Beijing.

The remarks suggested another round of China tariffs - due 15 December - might become reality, sending US shares to their largest losses in weeks.

It comes amid fresh trade disputes with France, Brazil and Argentina.

For more than a year the US and China have been locked in a bitter trade battle that has seen both sides impose tariffs on billions of dollars worth of each another's goods.

But while the uncertainty has dampened economic growth in the US and abroad, Mr Trump - a self-declared "Tariff Man" - has appeared content to let the spat roll on, despite the odd hint he might compromise.

"It creates chaos and instability and he thrives on that in some ways," said Jennifer Hillman, a senior fellow at the Council on Foreign Relations and a former US trade official. [...]

Full article on BBC



© BBC - British Broadcasting Corporation


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