Trump holds off on immediate China tariffs, calls for study

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Trump holds off on immediate China tariffs, calls for study - Business Mirror

Quick Summary:

President Donald Trump delayed the announcement of China-specific tariffs on his first day in office.

Instead, he instructed his administration to address unfair trade practices on a global scale and to investigate whether Beijing had adhered to a deal signed during his first term..

Investors have speculated that a trade war would be positive for the dollar given one would likely hurt foreign economies more than the US, limit US demand for international goods and boost the currency’s safe-haven status.