hp for ($i=0; $i]+>!is", "", $news['Contains'][$i]['Body']); ?>

Canadian retailers could be helped by a USA trade battle with China

U.S. President Donald Trump and China's President Xi Jinping

In addition to the tariffs, the United States plans to impose new investment restrictions and take action against China at the World Trade Organization.

In a memorandum due to be signed on Thursday, Trump will direct US Trade Representative Robert Lighthizer to publish a proposed list of products that could be subject to tariffs.

It also will create space for potential negotiations for Beijing to address Trump's allegations on intellectual property and delay the start of immediate retaliation against USA products from aircraft to soybeans. "I am a free trader, but I don't think that means just getting pounded into the ground when another country doesn't abide by the commitments it's made", Bolton said. "The list that China has announced appears to be a retaliation, but still it is very measured", said Li Yong, senior fellow of China Association of International Trade. "We have a tremendous intellectual property theft situation going on" with China affecting hundreds of billions of dollars in trade each year, he said.

"We are interested in creating some motivation for China to actually take concrete actions to further open their markets to U.S. exports", the official said on condition of anonymity, adding that the two sides are constantly talking.

"China also appears to be breaking WTO rules by imposing mandatory adverse contract terms that discriminate against and are less favourable for imported foreign technology", the statement added. European Trade Commissioner Cecilia Malmstrom called the move on metal "highly unfortunate unilateral action, which goes against agreed global rules". "But, China is not afraid of and will not recoil from a trade war".

Without giving a timeframe, the commerce ministry said China was considering implementing measures in two stages: first a 15 percent tariff on 120 products including steel pipes, dried fruit and wine worth $977 million, and later, a 25 percent tariff on $1.99 billion of pork and recycled aluminium.

Since he took over power, Trump has been pressuring China to step-up measures to reduce trade deficit and expand U.S. exports and investments.

The ministry said the list was aimed at offsetting the losses incurred from USA tariffs on steel and imports, which are due to take effect on Friday. There was no explanation of the difference between that figure and Trump's $60 billion. He added, however, that while the decision represents progress, talks with the USA still need to go forward.

Gareth Southgate set for crunch talks with government over Russian Federation boycott
A more likely inclusion is Jack Wilshere, after Arsene Wenger hinted that he had some sort of inside information. "You never want any player to experience injury and of course Tottenham have some very big matches coming up".

"From a macro perspective the additional tariff is only equivalent to 0.1 percent of China's GDP and affected exports only account for 2.2 percent of China's total exports", they wrote in a note.

Wall Street isn't the only place where President Donald Trump's tariffs have struck a nerve.

In retaliation for the USA tariffs on steel and aluminum, China is considering levying an additional 15 percent tariff on United States products including dried fruit, wine and steel pipes and an extra 25 percent duty on pork products and recycled aluminum.

He also accused a U.S. probe into Chinese intellectual property practices of violating worldwide trade rules.

Amid the tensions on trade, World Trade Organization Director General Roberto Azevêdo has warned that new trade barriers would "jeopardise the global economy".

The measures were specifically in response to USA steel and aluminium tariffs, which were taking effect Friday.

The goal is to levy up to US$ 50 billion worth of tariffs, to compensate for what the USA deems China's predatory economic practices, determined by a "Section 301" investigation by the USTR.

Related News:

  • Fresh ice warning issued

    Fresh ice warning issued

    A rather cloudy night is expected with most areas becoming dry with easterly winds continuing to slowly decrease in strength. This continuing across some parts throughout the day, often heavy and persistent, giving further significant accumulations.
    Venus sets up semi-final clash with Kasatkina

    Venus sets up semi-final clash with Kasatkina

    The Japanese player's best result to date was to make the final of a WTA tour event in Tokyo in September 2016. But I feel like we ended up in the same place, and we're both going to try really hard.
    AC Milan's Calhanoglu calls referee Arsenal's 'man of the match' in defeat

    AC Milan's Calhanoglu calls referee Arsenal's 'man of the match' in defeat

    The Italian players were unhappy with it. "I don't want to talk about the referee (Jonas Eriksson)". I can understand that, but Idon't know what happened.
  • Trump Decides to Remove National Security Adviser McMaster, Others May Follow

    Trump Decides to Remove National Security Adviser McMaster, Others May Follow

    The daily reported that Trump has complained that McMaster is too rigid and that his briefings go on too long and seem irrelevant. He has told confidants he wants to rid himself of staffers who hold him back.
    Tottenham confirm Kane sidelined until April

    Tottenham confirm Kane sidelined until April

    The England global suffered damaged lateral ligaments in his right ankle in Tottenham's 4-1 win against Bournemouth on Sunday. England kick off their World Cup campaign on June 18 against Tunisia before facing Panama and Belgium in Group G.
    Nigeria Ranks 5th In Africa, 91st Globally — UN Happiness Report

    Nigeria Ranks 5th In Africa, 91st Globally — UN Happiness Report

    Nigeria has been ranked the 91 happiest nation of the world, and fifth in Africa in the 2018 World Happiness Report . He said the most remarkable finding was the consistency between locally born's happiness and that of immigrants.
  • Blue Ivy steals the show at Los Angeles charity art auction

    Blue Ivy steals the show at Los Angeles charity art auction

    Vanity Fair reported that even the former First Lady Michelle Obama honoured the "Formation" singer via a televised message. The second annual event, put on by Tina Knowles and husband Richard Lawson , benefits the WACO Theater Center .
    One confirmed dead in Red Arrows crash

    One confirmed dead in Red Arrows crash

    A ministry statement said a Hawk aircraft used by the Red Arrows crashed, but gave no word on possible casualties. (Picture: PA) They said: 'We are aware of an incident today at RAF Valley involving a Hawk aircraft.
    Johnson: 'Overwhelmingly likely' Putin ordered nerve agent attack

    Johnson: 'Overwhelmingly likely' Putin ordered nerve agent attack

    Britain is expelling 23 Russian diplomats and taking other steps against Russian interests as the two nations' relations plummet. Shulgin said that Russian Federation expects Britain to provide samples of the nerve agent in line with OPCW rules.
  • Spring league Alliance of American Football to launch in 2019 on CBS

    Spring league Alliance of American Football to launch in 2019 on CBS

    In fact, Charlie Ebersol directed a documentary about the league that aired in 2017 as part of ESPN's 30 for 30 series. The AAF doesn't view itself as a league that is competing with the NFL , but one that will be complimentary to it.
    Outstanding Osaka knocks out Williams in Miami opener

    Outstanding Osaka knocks out Williams in Miami opener

    The defeat was the first time Williams has lost her first match at an American hard court championship for 21 years. Is she going to be nervous playing Serena now that expectations are higher?
    Mark Arendz to be Canada's flagbearer at Paralympic closing ceremony

    Mark Arendz to be Canada's flagbearer at Paralympic closing ceremony

    Minor was sitting in third after two runs but put together a flawless final run to secure the top spot by more than half a second. On seeing her US teammate Brittani Coury win her first Paralympic medal..."It was way cooler, I think, than even my own medal".

Most liked

Ex-State Dept. official discuss US-N.Korea summit
A senior South Korean presidential official dismissed the worries, saying that "what's important is President Trump's will". As reports suggest, worldwide sanctions, in turn, have resulted in North Korea facing a possible crisis of foreign cash.

IPad Pro 3 to Launch During the Apple Education Event
Additionally, 20 percent users expect to upgrade to an iPhone 8 or iPhone X by 2019, bringing the total share up to 42 percent. Apple recently sent out invites to an event, where the company is expected to announce new products and services.

NCAA Tournament is sweet for Big 12, four teams still dancing
Nevada beats No. 2 Cincinnati. "But in reality, kids are playing basketball all over the country and teams are getting better". But there's no denying the fact that Knox can put up points, as he did in scoring 25 points in Kentucky's win over Davidson.

Boris Johnson compares Vladimir Putin to Adolf Hitler
Yermakov earlier said Russian Federation is willing to cooperate with Britain as long as it shares all findings of the probe. Mr Johnson said: "We do not wish to engage in a new Cold War and I deprecate that term".

Toyota Suspends US Driverless-Car Tests After Fatal Uber Accident
Self-driving cars are very good at detecting and avoiding obstacles, Selman said. Safety regulators later determined Tesla was not at fault in that accident.

HTC announces VIVE Pro Pricing, Available now for Preorder
However, this price doesn't include the base stations or the controllers which will be coming separately. Pre-orders begin today, and shipping of the new headset will begin on April 5.

Mohammed Shami blames third party for row with wife Hasin Jahan
Alishba also claimed that she has been in touch with Shami ever since India's defeat to Pakistan in ICC Champions Trophy final. Shami's contract with the Board of Control for Cricket in India (BCCI) is now on hold.

Mino Raiola working to line up Paul Pogba exit from Manchester United
Paul Pogba's poor displays are simply down to him and just as his worldwide manager says, it's normal for any player to go through.

Oscars chief John Bailey faces sexual harassment charges
Lois Burwell is The Academy's vice president and would therefore be the next in line for the President position. Tom McLean has been writing for years about animation from a secret base in Los Angeles .

New York Jets: Four viable remaining free agents
It is the third consecutive year that one of the top three overall picks in the National Football League draft has been traded . The Giants could be a threat to draft Darnold, however, I think a quarterback like Josh Rosen would fit their needs better.

South Africa's former president Jacob Zuma to be charged with corruption
Only a year ago did a court rule that the decision to drop charges based on these shadowy tapes was irrational. Nor had it found evidence that officials were bribed in an attempt to influence the deal.

Ravens targeting Crabtree after Grant fails physical
The 30-year-old wideout had at least eight touchdowns for the third straight season but recorded only 58 receptions for 618 yards. Jeremy Maclin has been released, and Mike Wallace and Michael Campanaro are free agents.

United makes (another) mistake, flies Kansas-bound dog to Japan
United says to prevent something like this from happening again, it will give bright tags to passengers with in-cabin pets. Delta and Dallas/Fort Worth-based American Airlines each reported two animal deaths and one injury.

India downplays Pakistani envoy's recall over harassment incidents
Pakistani diplomatic sources that claim doorbells are being rung and phone calls being received by their diplomats at odd hours. He added: "Consultations by any resident ambassador/high commissioner with their headquarters is a matter for that country".

Stormy Daniels' mother on Trump: 'I would vote for him every time'
President Trump's personal attorney, Michael Cohen , has undoubtedly revealed far more than his boss would prefer. Trump and the White House have denied any sexual encounter between him and Clifford.