Newburgh Gazette: Global Markets Tumble as Trump Announces Tariffs for China
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Newburgh Gazette featured David Zweig, IEMS Faculty Associate, in two articles relating to the latest in a series of aggressive moves on trade from the US, mostly targeting China. Trump authorized new sanctions on up to $60 billion of Chinese imports to retaliate against "theft" of American intellectual property. Lawmakers and industry groups had expressed fears that China would retaliate even though they shared President Donald Trump's assessment that Beijing's policies - such as forcing US companies to share their technology with Chinese companies - needed to be curbed. US stocks tumbled even prior to Trump's announcement of the tariffs plan which spurred fear of an escalating trade war. "It's one vast effort to get everybody thinking together", said David Zweig, IEMS Faculty Associate and Director of the Center on China's Transnational Relations at HKUST.
Read the article: Trump signs on tariffs against $50bn of China imports here.
Read the article: Global Markets Tumble as Trump Announces Tariffs for China here.
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