China to Soon Unveil Tariffs on U.S., Says Global Times’ Hu

China to Soon Unveil Tariffs on U.S., Says Global Times’ Hu

(Bloomberg) — China will soon unveil tariffs to retaliate against the U.S., according to a tweet from Global Times editor-in-chief Hu Xijin.

China promised earlier this week that any new tariffs from the U.S. would lead to escalation and retaliation. The U.S. has said it will increase tariffs on some Chinese goods from Sept. 1, although President Donald Trump has already delayed some of that increase amid economic turbulence, and face-to-face talks due to resume next month offer a chance for further reprieve.

Hu is editor-in-chief of the Global Times, a tabloid published by the Communist Party’s People’s Daily. He regularly tweets on China’s international affairs, often citing authoritative sources without identifying them. While the Global Times doesn’t necessarily reflect the view of Chinese leaders, Hu has said the paper voices opinions that official sources can’t.

Hu told Bloomberg earlier this year that tweets that are “based on what I know” are “definitely true.”

To contact Bloomberg News staff for this story: James Mayger in Beijing at jmayger@bloomberg.net

To contact the editors responsible for this story: Jeffrey Black at jblack25@bloomberg.net, Brendan Murray

©2019 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source : Bloomberg Link

Follow 3-www.NET
Follow
e-News.US
  
Share
e-News.Us



Category Latest Posts