Ross: Purpose of tariffs is to modify China's behavior - Breaking The News
Download our appPlay StoreApp Store

Ross: Purpose of tariffs is to modify China's behavior

EPA-EFE / MICHAEL REYNOLDS

United States Commerce Secretary Wilbur Ross said on Tuesday that the tariffs imposed on Chinese goods are meant to "modify China's behavior" as well as to lead to "very near-term, very constructive discussions" on trade. However, he could not say whether the pressure will result in renewed negotiations. He also assured the decision to introduce punitive measures was a "carefully thought-through exercise" and the items chosen are "the least intrusive to the [American] consumer."

Ross also asserted Beijing is "out of bullets" because it does not import enough goods to reciprocate equally and is only expected to impose tariffs on $60 billion of American imports. He added the European Union and Japan joined the US "in pursuit of behavior modification" against China and that one of the positive effects of the tariffs was that they "brought the US closer together to those allies."

Related Stocks
EUR/USD
Related News
Vance: 'No way' Canada can win trade war with US
United States Vice President JD Vance said on Friday that there is "no way" that Canada can win the trade war against the US."As [US] President [Donald] Trump often says, they just don't have the cards. There is no way that Canada can win a trade war with the United States. What President Trump has said is that he wants to level the playing field. For decades, Canadian leadership has forced American farmers and American manufacturers to play by an unfair...
Vance: Russia, China taking interest in Arctic
United States Vice President JD Vance pointed out during his visit to the Pituffik Space Base in northwest Greenland that the US strategic interest in Greenland stems from growing Russian and Chinese "interest" on the island."We know that Russia and China and other nations are taking an extraordinary interest in Arctic passageways, Arctic naval routes, and in the minerals of the Arctic territories. We need to ensure America is leading in the Arctic," he said...
Trump, Carney had 'extremely productive call'
United States President Donald Trump said on Friday that he had an "extremely productive call" with Canadian Prime Minister Mark Carney as the trade dispute between the two countries heated up. Trump said the two "agree on many things" and that he will meet with Carney "immediately" after the Canadian election on April 28.Trump added he will work with Carney "on elements of Politics, Business, and all other factors, that will end up being great for...
Starmer: All tariff response options are on the table
British Prime Minister Keir Starmer said on Friday that "all options are on the table" regarding the response to the 25% vehicle tariff announced by the United States. He told Sky News that the measure is "concerning" and that the government is working with impacted sectors."None of them want to see a trade war, which is why we're engaged in discussions with the United States about mitigating the impacts of the tariffs," Starmer said, adding that, if the issue is...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.