European stocks seen lower after Trump threatens to hike tariffs on China

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 13%
  • Publisher: 72%

European stocks were seen lower Wednesday morning after U.S. President Donald Trump threatened to hike tariffs on Chinese goods if Beijing does not agree to a trade deal.

United States Headlines News

United States Latest News, United States Headlines

During a meeting with his cabinet on Tuesday, the president said that if China did not make a deal, he would "just raise tariffs even higher."

The comments came after reports that Beijing is pessimistic about the prospect of an imminent "phase one" trade deal due to Trump's refusal to roll back existing tariffs.after the Senate unanimously passed a bill supporting Hong Kong protesters. Stateside, traders will also have an eye on impeachment proceedings against the president after another explosive day of public testimony from from Lt. Col Alexander Vindman and other officials on Capitol Hill.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gary Cohn: Trump knows he'll lose 'credibility' with China if he blinks on tariff deadline'And December 15 is a long time from now in terms of tariff negotiations,' the former White House chief economic advisor says.
Source: CNBC - 🏆 12. / 72 Read more »

Trump threatens to raise China tariffs if deal isn’t reachedBy covering more consumer products, any further tariff increases would hit households harder than in previous rounds.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Without a China trade deal, the U.S. will hike tariffs: Trump‘China is going to have to make a deal that I like’: Trump says U.S. will raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war
Source: Reuters - 🏆 2. / 97 Read more »

Asia stocks set to decline as Trump threatens higher tariffs if China doesn't strike a dealU.S. President Donald Trump threatened to raise tariffs on Chinese goods if the two economic powerhouses do not strike a deal.
Source: CNBC - 🏆 12. / 72 Read more »

Trump threatens higher tariffs if China doesn't make a trade dealFinancial markets, which have proven reactive to developments in the ongoing trade war, largely shrugged off the president's latest warning.
Source: CNBC - 🏆 12. / 72 Read more »

Donald Trump and Melania Trump register to vote in FloridaPresident Trump and first lady Melania Trump have registered to vote in Florida, making Mar-a-Lago their new primary residence on October 30, according to Florida's voter registration file
Source: CNN - 🏆 4. / 95 Read more »