White House Economic Advisor Larry Kudlow at a press conference in Washington, DC, USA, August 6, 2019. (Photo: AFP / VNA) |
Earlier, US President Donald Trump had scheduled to increase in tariffs from 25% to 30% on 250 billion USD Chinese imports for October 1st but agreed to delay the increase until October 15th likely to facilitate trade talks.
Regarding the US-China trade dispute, many sources said that President Trump administration officials are discussing measures to limit the flow of capital into US investment portfolio in China, a move that could impact billions of dollars in these major investments, causing the US-China trade war to continue to escalate during the coming time.