On Thursday and Friday of last week trade representatives from both the United States and China began and ended negotiations dismally without accomplishing any progress. If anything, the relationship regarding trade between these two superpowers worsened. Add to that fact that on midnight of last Friday Trump made good on his threat and raised tariffs on $200 billion worth of Chinese imports from 10% to 25%. This action led to an announcement by the Chinese that they would retaliate.
Today China’s finance ministry announced plans to set import tariffs from 5% to 25% on 5,140 products produced in the United States, which would revise their tariffs on imports from the United States to $60 billion. They also set a date June 1st, for the initiation of these tariffs.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana. The Company also has a small gold mining and exploration portfolio in Kenya, Ghana and Burkina Faso.