U.S. Commerce Secretary Ross: New tariffs will go into effect on December 15 if no deal is reached - Fox

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2 December 2019

U.S. Commerce Secretary Ross: New tariffs will go into effect on December 15 if no deal is reached - Fox

Says progress with China is "one step forward, one step back"
If nothing happens between now and December 15, the new China tariffs will go into effect
Phase one trade deal must be enforceable
$40-50 bln in agricultural purchases are "essential" to any deal

European stocks closed: FTSE 100 7,285.94 -60.59 -0.82% DAX 12,964.68 -271.70 -2.05% CAC 40 5,786.74 -118.43 -2.01%

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