- Tag results for trade tariffs
Having slapped China with an additional tariff on the import of its products worth USD250 billion, Trump did not rule out coming up with more tariffs on Chines products.
September exports rose 14.5 per cent from a year earlier, the fastest pace since February, the customs data showed.
China has been locked in an intensifying trade conflict with the US, which unleashed a new wave of tariffs on $200 billion in Chinese goods on Monday.
US President Donald Trump suggested the honeymoon was over as US-China relations sink to their lowest point in years.
Beijing has pledged to hit back with five to 25 per cent tariffs on $60 billion in US imports in retaliation for any measures from the US.
Heightened fears that Washington will slap fresh trade tariffs on China also saw investors seek safety in the dollar and pull out of emerging market currencies.
The National Stock Exchange (NSE) too slipped by 79.90 points to 11,509.20.
The company's US-made hardware products have taken it to become a USD 1 trillion company but those products are built in China which, in turn, creates thousands of jobs.
The President said that the US should get paid for securing the wealthy countries from the outside harm.
Russia announced on July 6 that it had raised duties on some imports from the US from 25 to 40 per cent, in retaliation for a similar move by Washington.
So far, China has either imposed or proposed tariffs on $110 billion of U.S. goods, representing most of its imports of American products.
The Trump team is preparing tariffs on USD 200 billion more Chinese products, and China has vowed to counterpunch by targeting USD 60 billion in American goods.
Trump has pushed aggressive trade actions to lower the US trade deficit, which he equates with theft from Americans.
China has now either imposed or proposed tariffs on USD 110 billion of U.S. goods, representing the vast majority of its annual imports of American products.
The White House on July 6 imposed 25 per cent tariffs on USD 34 billion of Chinese products entering the US, triggering a tit-for-tat response from Beijing.