1/ Trump unexpectedly announced that he will impose a new 10% tariff on an additional $300 billion worth of Chinese imports – effectively taxing every product that Americans buy from China – after China failed to begin buying more American agricultural products as they had promised. The new tariffs would go into effect on Sept. 1st and would be in addition to the 25% tariff that has already been imposed on $250 billion of imports. The announcement came a day after Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer wrapped up talks in Shanghai on a comprehensive trade deal. The negotiations reportedly ended early and without a deal. A new meeting is set up for September. (Washington Post / New York Times / NBC News / CNN / Associated Press)
This is a companion discussion topic for the original entry at https://whatthefuckjusthappenedtoday.com/2019/08/01/day-924/