Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ...Trump administration accuses China of "reneging" on trade deal commitments

U.S. trade representative Robert Lighthizer said in a briefing with reporters Monday he will put out a Federal Register notice tomorrow saying that the Trump administration will raise tariffs on $200 billion of Chinese goods from 10% to 25%, and that importers will begin paying the new tariffs "the first minute of Friday."

Why it matters: The business community and markets had been cautiously hopeful that Trump's Sunday tweets were an empty threat to create leverage over China and that he'd ultimately back down. That's still possible, of course, but Lighthizer made clear he didn't think that was going to happen.

Driving the news: Lighthizer said he still expects the top Chinese negotiator, Liu He, to come to Washington on Thursday, though he said he hadn't spoken to the vice premier since he and Treasury Secretary Steven Mnuchin left Beijing last week. Mnuchin, who was also in the briefing, said he hadn't spoken to Liu He either since he left China.

https://www.axios.com/trump-china-trade-war-tariffs-lighthizer-694a452b-7290-43bc-805f-25b88134ee36.html

https://www.cnn.com/videos/business/2019/05/06/romans-trump-trade-war-tweet-orig.cnn-business

https://kerrmines.com/