Trump's tariff announcement moved to Thursday - Bloomberg

Donald Trump is expected to unveil his new tariffs targeting China later Thursday according to Bloomberg, citing an unnamed source.

Key highlights

Trumps is expected to announce around $50 billion in tariffs on over a hundred individual Chinese products, on the basis that these particular products caused economic damage to the US because of Chinese intellectual property theft. The tariffs will be part of Trump's actions in response to the wrap up of the US Trade Representatives (USTR) 301 investigation into China's intellectual property theft in the US trade market.