Breaking: China announces new tariffs on $75 billion price people product, USD/JPY drops sharply

Confirming world Times' earlier reports, China has recently declared that it's attending to raise import tariffs on some United States of America imports, per Reuters.

"New tariff rates can apply to regarding $75 billion price people product," China expressed. "New tariff rates obligatory on some United States of America product are starting from five-hitter to 100% and can go on Sep one and Gregorian calendar month fifteen."

With the initial reaction to the current announcement, the USD/JPY erased its daily gains and was last seen commercialism at 106.42. Meanwhile, the United States of America greenback Index continues to be up zero.13% on the day at ninety eight.33.