President Trump insists on applying new taxes to Chinese goods
(VOVWORLD) - US President Donald Trump on Wednesday (Aug 7) said his tough stance on China's economic and trade policies would ultimately benefit the American economy, even as Beijing signalled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment.
 US President Donald Trump (Photo: VNA) |
Mr Trump told reporters at the White House that the market reaction had been anticipated, but he remained confident in the strength of the US economy. White House officials say they still expect Chinese negotiators to come to Washington in September for talks, and that the latest tariffs could still be averted if the world's two largest economies make progress on a trade agreement.