Stocks fell sharply on Tuesday after the indication of a top US business executives. At the end of this week, high tariffs are coming on Chinese goods, disappointing traders expected the danger of President Donald Trump’s weekend tweet, which was only a negotiation strategy.
President Donald Trump on Sunday threatened to increase the tariff from 10 percent to 25 percent by $ 200 billion in Chinese goods on Twitter, as well as 25 percent of the fee imposed on China imported more than $ 300 billion.
US Trade Representative Robert Lighthouse said that those charges of China will have an impact on Friday, and he and business secretary Steven Menuchen accused China of “banning” commitments to change their trade policies. Trade talks are scheduled between the two countries to resume in Washington on Thursday.