Trump slams China with further tariffs

Friday, 2 August 2019 10:04

Donald Trump has announced that he will impose fresh tariffs on China.

The US President says they’ll soon be a further 10 per cent fee on another AED 1 billion worth of Chinese goods

The new tariffs will be in effect from September 1.

Experts say the US will now essentially tax all Chinese imports to the USA.

The move comes despite high-ranking trade officials from the USA and China holding meeting in Shanghai.

It’s the latest development in what us a bitter trade war between the two countries that is hurting markets worldwide.

More from Business

UAE grants Elon Musk's Starlink licence to provide satellite internet services

The Telecommunications and Digital Government Regulatory Authority (TDRA) has granted Elon Musk's Starlink company a 10-year licence to provide internet services in the UAE.
UAE real estate sector records strong H1 growth

The UAE's real estate sector has maintained a strong performance during the first half of 2026, with data announced by authorities showing high levels of activity across several Emirates.
UAE-Lebanon Business Forum drives new wave of partnerships

The UAE and Lebanon are strengthening economic ties, with a new business council and four agreements signed to boost trade, investment and private-sector cooperation.
Meta agrees to pay $18 billion to settle US lawsuits over social media addiction

Meta Platforms will pay up to $18 billion over the next decade and strictly limit how teenagers use Facebook and Instagram under an agreement with nearly all US states to resolve claims it designed those social media platforms to addict children.