Trump imposes $50 billion tariffs on China’s goods

Trump imposes $50 billion tariffs on China’s goods

On Friday, American leader Donald Trump dared to impose hefty duties worth $50 billion on Chinese imports. In return the Chinese authorities pledged to adequately respond. So, it feels like a huge trader war between the world’s two leading powers is being actively ignited.

US President, whose tough stance on trade caused vigorous clashes with US allies, told that a 25% duty would be put on a list of crucial imports from China. Additionally, he considered further measures if the Chinese government struck again.

America and China started getting closer to a fierce trade conflict after several rounds of talks failed to tackle American complaints over Chinese industrial policy, market access as well as a $375 billion trade gap.

Trump's initial list contained up to 818 products worth $34 billion in China’s goods. As for the remainder of the $50 billion, it’s not determined yet.

US leader has triggered a trade conflict with other countries, including the European Union, Canada and Mexico over aluminum and steel. Moreover, Trump threatened to impose tariffs on EU vehicles.

The American government came up with a second list of probable duties on another $100 billion in China’s imports, expecting that China will most likely respond to the initial American duty list.

China has uncovered its own list of threatened duties on about $50 billion in American goods, including aircraft, cars and soybeans. The Asian country has told it would fight back if the US authorities came up with further measures.

China and America have held up to three rounds of high-level negotiations since early May that have yet to bring a long-awaited compromise. Trump has neglected China’s offer to purchase an extra $70 billion worth of American farm as well as energy products and also other goods, as sources familiar with the matter disclosed.



CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?

Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!

Latest news

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera