US tariffs hit China, as Europe’s car industry hopes for the best

AXA
By May 13, 2019 16:17

US tariffs hit China, as Europe’s car industry hopes for the best

Trade negotiations between the US and China continue after the US increased tariffs on $200bn of goods from China to 25%.

While talks between the two countries continued throughout Friday, and they were described as “congenial”, “productive” and having gone “fairly well” by key participants, US President Donald Trump seems to see little need to rush a trade deal. His position suggests that the US is exactly where it wants to be with China, and there is a risk that the latest hikes could persist.

AXA
By May 13, 2019 16:17

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