Markets on edge ahead of US-China trade talks

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

Apple Stock Drops as Trump Discusses Potential iPhone Tariff

The US president also threatened additional tariffs on $267 billion of Chinese imports if China retaliated with its own tariffs - which it did - unless the US and China reach a new trade agreement.

The rate increase, from 10pc to 25pc, is due to be implemented on Jan 1. He'll be meeting with Chinese President Xi Jinping this week, but if the talks don't net the results he wants, Trump has indicated that new tariffs are on the way for all other Chinese products.

Asian markets are tested today (November 27, 2018) after US President Trump has dealt a blow on coming to terms with China over conflicting trade issues. Trump said there is a possibility of having a trade deal with China. "I mean, I can make it 10 per cent, and people could stand that very easily. the brunt of it is being paid by China".

The shares, which have lost about a fifth of their value in a tech market rout since October, were down 1.5 percent to $172.02 (U.S.) Tuesday morning in NY.

Latest headlines revive concerns over trade conflict between the US and China.

Apple's stock was down almost 2% late Monday after President Trump said in an interview with The Wall Street Journal that he might levy tariffs of 10% on iPhones and laptops imported from China, products that have been exempt so far from fallout in the U.S.

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Asian shares battled to extend a global rebound today after US President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.

In an interview with The Washington Post Tuesday, Trump says he will be receiving a "full report" from his national security team. His aides, however, have reportedly suggested that those items be exempt from the tariffs in fear of consumer reaction. -China trade tensions. The benchmark 10-year government note yield was down 1.5 basis points from Monday's close, last at 3.06 percent.

USA stock options traders are braced for a surge in volatility around the G20 summit.

Trump is also inked in to meet separately with Russia's Vladimir Putin and the leaders of Argentina, Germany, India, Japan, South Korea and Turkey, White House officials said. In September, the Trump administration announced a 10 per cent tariff on US$200 billion of Chinese goods, and said the rate will rise to 25 per cent on January 1.

"They have to open up China to the United States".

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