Asian markets are cautiously mixed ahead of expected US tariffs.
Tariffs on Chinese Goods: US President Donald Trump has approved tariffs worth USD 50 billion on import of goods from China.
A formal announcement in this regard is expected to be made by the US Trade Representatives today with a notification in the Federal Register in the coming weeks. The move is likely to attract retaliatory action by China.
Trump's approval in this regard followed a 90-minute meeting he had with Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and US Trade Representatives Robert Lighthizer yesterday. The meeting also included representatives of the National Security Council, reports PTI.
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Source: https://www.moneycontrol.com/news/business/markets/market-live-sensex-mildly-higher-rupee-hits-3-week-low-alembic-pharma-rallies-2592081.html
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