Saturday, August 24, 2019

Breaking: China announces new tariffs on $75 billion value folks merchandise, USD/JPY drops sharply

Confirming international Times' earlier reports, China has recently declared that it's attending to raise import tariffs on some USA imports, per Reuters.



"New tariff rates can apply to regarding $75 billion value folks merchandise," China expressed. "New tariff rates obligatory on some USA merchandise are going to be starting from five-hitter to 100 percent and can go on Sep one and December fifteen."

With the initial reaction to the present announcement, the USD/JPY erased its daily gains and was last seen commerce at 106.42. Meanwhile, the USA dollar Index continues to be up zero.13% on the day at ninety eight.33.

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