Trump imposes additional customs duties on Chinese products Battalions



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US President Donald Trump announced Thursday that he would impose a 10% surtax on Chinese goods worth $ 300 billion as of September 1st.

Trump accused Beijing of not keeping its promises to buy more US agricultural products, talks aimed at easing tensions between the world's two largest economies continuing, while oil prices plummeted more than 8 % in trade after the announcement of Trump.

"The trade negotiations are continuing and during the dialogue, the United States will begin September 1 to impose a modest additional fee of 10% on the remaining goods and products of $ 300 billion imported from China to our country," wrote Trump in a tweet on Twitter. A value of $ 250 billion already subject to a 25% royalty.

The long-running trade war has raised concerns about oil demand: US crude dropped $ 4.88, or 8.45 percent, to $ 53.64 a barrel, while Brent crude lost $ 7.66 a barrel. % at 60.09 dollars a barrel.

Source: Middle East

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