U.S expected to raise tariffs on $200 billion in Chinese goods to 25%: officials

News Image

MG News | August 02, 2018 at 10:11 AM GMT+05:00

The United States may jack up the tariff rate on $200 billion in Chinese imports as it attempts to pressure Beijing to reform its trade practices, US officials said Wednesday.

President Donald Trump asked the US Trade Representative consider increasing the proposed tariffs to 25 percent from the announced 10 percent, senior administration officials said, confirming earlier media reports.

The officials blamed China's "obstreperous refusal to work with us and cooperate" to resolve US concerns, but downplayed suggestions the move was designed to compensate for the weak Chinese currency.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 178,225.97
127.68M
-0.48%
-857.83
ALLSHR 106,616.09
663.10M
-0.33%
-353.21
KSE30 51,951.12
84.38M
-0.53%
-279.18
KMI30 254,714.30
66.05M
-0.53%
-1359.53
KMIALLSHR 68,831.42
308.43M
-0.28%
-192.16
BKTi 49,198.44
15.50M
-0.42%
-207.04
OGTi 35,190.33
4.73M
0.23%
79.46
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 73,625.00 74,300.00
73,485.00
-1100.00
-1.47%
BRENT CRUDE 92.66 92.79
91.19
-0.10
-0.11%
RICHARDS BAY COAL MONTHLY 126.85 126.85
126.85
0.65
0.52%
ROTTERDAM COAL MONTHLY 136.20 136.25
135.50
2.20
1.64%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 86.40 86.55
85.20
-0.13
-0.15%
SUGAR #11 WORLD 18.47 18.57
18.10
0.38
2.10%

Chart of the Day


Latest News
November 12, 2026 at 11:57 AM GMT+05:00

FCL secures approval to redirect Rs750m unused IPO proceeds


November 12, 2026 at 11:57 AM GMT+05:00

Jam Kamal Khan pitches Pakistan’s minerals to Wood Mackenzie


November 12, 2026 at 11:34 AM GMT+05:00

Pakistan seeks Spanish expertise in olive farming


November 12, 2026 at 11:31 AM GMT+05:00

Gatron Scheme of Arrangement gets High Court nod


November 12, 2026 at 11:10 AM GMT+05:00

Pakistan pays $14bn in external debt servicing



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg