Trump threatens to impose 50% tariffs on China as report suggests plans to ship weapons to Iran

US President Donald Trump on Sunday threatened to impose a 50% tariff on China, following reports that Beijing was preparing to deliver air defence systems to Iran. NTU PPGA’s Assoc Prof Dylan Loh said China, one of Iran’s closest allies, had until recently been “fairly reticent” in its support to Tehran. “China seems to be selectively wielding its influence and… willing to engage in a more proactive way when it senses an opportunity to make an impact,” he added. Still, Loh stressed that Trump has also demonstrated a willingness to follow through on his warnings. “Venezuela, Iran, the global tariffs and so forth are instructive examples. I think if [Trump] has solid evidence that China is prepared to help Iran in a substantial manner, he will respond,” he said.

Click here to read the article.

-Similar report in Exbulletin (off CNBC), 13 Apr