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

Trump Threatens Another Round of Tariffs Against China as Tensions Escalate

Workers load imported soybeans onto trucks at a port in Nantong in China's eastern Jiangsu province

This could mostly fizzle out, as both the USA and Chinese tariffs are still only in the proposal stage. But he adds, "On the other hand, the president is absolutely prepared to defend our interests".

The products on the latest US list include heavy machinery, motorcycles and high-tech items, such as semiconductors and batteries.

"Dealers are fearful this will result in a full-blown trade war, and equities are feeling the pain".

"This is starting to feel like the beginnings of a trade war, if simply each proposal is matched with retaliation", said Patrick Bennett, a Hong Kong-based strategist at Canadian Imperial Bank of Commerce.

"The most recent rumblings from President Trump have seen oil prices fall convincingly, but given the supporting narrative, it should attract some dip buyers", said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore.

White House officials have suggested throughout the week that talks with the Chinese could help resolve trade issues between the two countries. After a bullish regular trading day, US equity futures sold off sharply in after-market-hours trading.

Larry Kudlow, the White House's National Economic Council director, said on Wednesday that both the countries still had time to work out their differences.

Kudlow on Thursday said the administration was involved in "delicate negotiations" that might forestall the need for tariffs.

President Donald Trump on Thursday directed US trade officials to identify tariffs on $100 billion more Chinese imports, upping the ante in China-US trade hostilities.

"[We don't want] to fight a trade war, but we are not afraid of fighting it", the ministry said in a statement on Friday.

Читайте также: Silver! NZ women's pursuit team clinch our first medal in thrilling final

The U.S. trade representative called Trump's response "appropriate" given what he calls China's "unjustified tariffs".

In the short term, Trump's latest salvo gives Beijing space to cast itself as the victim, a rational actor caught in the crosshairs of an irrational and impetuous president. "Under these conditions, the two sides can not conduct any negotiations on this issue", Gao said, without elaborating. People are surprised, I'm not!

Republican lawmakers from Western and Midwestern states have voiced worries about a big hit to USA farming exporters.

GREENE: So were we expecting this to escalate more - for there to be more threatened tariffs from this White House? But for someone who has long fashioned himself as a master negotiator, Trump left it unclear whether he was bluffing or willing to enter a protracted trade war pitting the world's two biggest economies against each other, with steep consequences for consumers, businesses and an already shaken stock market. "I've looked at it a little more critically and warily than that".

On Wednesday, China responded to Trump's initial threat by announcing a list of 106 us goods that would be targeted by retaliatory tariffs, including soybeans, whisky, beef and aircraft.

In light of China's "unfair retaliation" against earlier U.S. trade actions, Trump upped the ante on Thursday by ordering USA officials to identify extra tariffs, escalating a high stakes tit-for-tat confrontation with potentially damaging consequences for the world's two biggest economies. The U.S. sold about $130 billion in goods to China in 2017 and faces a potentially devastating hit to its market there if China responds in kind.

Trump on late Thursday said that he was responding to "unfair retaliation" by China, which published a list on Wednesday of $50 billion in American products that would be hit by tariffs, including soybeans and pork.

Many U.S. industry groups and even Republican lawmakers have called for the president to take a more cautious approach, warning that a full-on trade war could devastate agriculture and industry.

Trump argues China's trade practices have led to the closure of American factories and the loss of millions of American jobs.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related News:

  • Humboldt Broncos team bus involved in serious collision

    Humboldt Broncos team bus involved in serious collision

    The two teams were involved in a semi-final that had Nipawin up three games to one. Emergency measures and victim services personnel were to attend that site.
    Irving to miss playoffs

    Irving to miss playoffs

    On Thursday, the Celtics announced that Irving will have two screws removed from his left knee on Saturday and miss 4-5 months. The Celtics will now rely on guard Terry Rozier, who has filled in admirably during Irving's absence, but is no Kyrie Irving.
    SC/ST Act: Dalit protests rock India

    SC/ST Act: Dalit protests rock India

    Police said three deaths each had been reported from Gwalior and Bhind districts and one in Morena district. India is now only for BJP supports, said Jamim; father of deceased Amaresh while talking to local media.
  • Trump administration sues California over sales of United States  land

    Trump administration sues California over sales of United States land

    And yet, once again, the California legislature has enacted an extreme law attempting to frustrating federal policy", he added. California would be ready to file a lawsuit if needed to protect its greenhouse gas emission standards, according to Becerra.
    Israeli army detains three Palestinians near Gaza eastern borders

    Israeli army detains three Palestinians near Gaza eastern borders

    HAMADA ZAZA: (Foreign language spoken). "Therefore, we don't want the march to lose its image", Husam said. On Sunday, one person was seriously wounded by gunfire, Palestinian medical officials said.
    Notre Dame beats UConn in OT on last-second shot

    Notre Dame beats UConn in OT on last-second shot

    UConn is in the semifinals for the 19th time, snapping a tie with Tennessee for the most in women's basketball. The Louisville Cardinals and the Mississippi State Bulldogs both have a similar record going into their game.
  • China reassures public over debris from falling space station

    China reassures public over debris from falling space station

    NBC News explains only one person named Lottie Williams of Tulsa, Oklahoma, is known to be hit by space debris falling to Earth. An image of the Tiangong-1 Chinese space station captured by astronomers at the Virtual Telescope Project on 28 March, 2018.
    Desperate to Regain Trust, Facebook Refreshes Privacy Tools

    Desperate to Regain Trust, Facebook Refreshes Privacy Tools

    In a bid to make it easier for users to manage their privacy Facebook has redesigned its settings menu on mobile devices. But she added that the committee is "continuing to work with Facebook to determine a day and time for Mr.
    Body Found in Nevada County Identified as Missing Actress Adea Shabani

    Body Found in Nevada County Identified as Missing Actress Adea Shabani

    Her friends told local TV station KABC that they became anxious for Shabani when she stopped responding to their text messages. San Bernardino County sheriff's deputies spotted it on March 22, near the 10 and 15 freeways.
  • Poulter trumps Hossler in play-off to earn Masters invite

    Poulter trumps Hossler in play-off to earn Masters invite

    Hossler's quest for his first PGA title ended in disaster after finding bunkers with his first two shots when replaying the 18th. Spieth had an eagle, five birdies and just one bogey in his 66, while a bogey at the last cost Grillo outright third place.
    NCAA Tournament Predictions: Michigan vs. Villanova 4/2/18

    NCAA Tournament Predictions: Michigan vs. Villanova 4/2/18

    The Wolverines might be hard-pressed to defeat Villanova without with a similar performance from their best player. The Wolverines have had a unique path to the championship, failing to play any better than a 6 seed to this point.
    Yoenis Cespedes drives in three as Mets best Cardinals

    Yoenis Cespedes drives in three as Mets best Cardinals

    John Candelaria also had 10 strikeouts in 1983 and Francisco Liriano did it two years ago, both while pitching for the Pirates. A single from Yoenis Cespedes then made it 7-3, and Jay Bruce capped the inning with a single of his own to make it 8-3.


Most liked

Tiger Woods shoots one-over 73 in return to Masters
In homage to David Letterman's top 10 lists back when the show was amusing ...here are the 10 guys who can win the 2018 Masters . Angela left her job on The Golf Channel to focus full time on traveling with Garcia and it paid dividends.

US To Sanction Russian Oligarchs Over 2016 Election Meddling
Russian Federation may be forcing the oligarchs to return to Russian Federation and return any stolen wealth as well. A senior administration official told Fox News the sanctions would be announced by the end of this week.

CWG: Weightlifter Gururaja wins silver to open India's medal tally
It was the only truck that his father owned and the accident took away the only source of income for the family in 2010. Chanu smashed the CWG record with every lift and even broke her personal record and remained in a league of her own.

Cynthia Nixon supports legalization of marijuana: 'Let's capture some of that revenue'
Williams and Nixon also discussed the death of Stephon Clark - a black man who was shot and killed by police in Sacramento, Calif. Cuomo was once himself a celebrity candidate, as the son of former NY governor Mario Cuomo.

Future iPhones to boast touch-less gesture controls and curved screens?
The phone, which, according to Bloomberg , is expected to take at least two years to arrive, will feature a curved display. The innovative tech is thought to be advanced enough to sense your finger's proximity to the iPhone screen.

TDP tied up with BJP as AP needed Centre's help: Chandrababu Naidu
The state's ruling TDP also pledged support to the motion, as well as other parties including the National Congress party. It is Naidu's first visit to Delhi after parting ways with the Bharatiya Janata Party-led NDA government.

Turkey Expects Vladimir Putin
Both the defense system agreement and Putin's visit underscore the intensifying ties between Turkey and Russian Federation . The three leaders will discuss regional events, the ongoing war in Syria , and the relations between their countries.

Volunteers Prepare for Easter Egg Hunt
Hascall and her friend Kaylee Chartier said they can't wait until next year's annual hunt. "I am so amazed with the Krewe of St. In addition to candy, about 200 of the eggs also contained a prize ticket. "I want 100 eggs", he said eagerly.

Google Home speaker, Home Mini India launch soon, confirms company
The Google Home and Home Mini speakers are controlled by Google Assistant that recently was updated to help Hindi voice orders. In terms of pricing, Google Home and Google Home Mini speakers will be launched at Rs 9,999 and Rs 4,499 respectively.

'Deal reached' for Syria rebels to quit last Ghouta holdout
It will see Russian military police enter the former rebel bastion of Douma and government institutions return, the monitor said. Jaish al-Islam counts around 10,000 fighters, according to the Syrian Observatory for Human Rights.

Padres' Joey Lucchesi to make first Major League Baseball start Friday against Brewers
The Padres shouldn't be an underdog at home to start the season; the Brewers shouldn't be a favorite on the road. He has also had career-long success against the Padres, going 6-2 with a 3.07 ERA in 14 games and 10 starts.

Tyronn Lue To Rejoin Cavs As Observer
Cleveland has gone 5-1 with Larry Drew as acting head coach, but it'd help to have stability as the playoffs approach. Kyle Korver is back with the team after the death of his brother, but he is being held out with a sore right foot.

ABC renews highly rated 'Roseanne' reboot
After a 21 year absence, Roseanne returned to the airways on ABC with the original cast and shattered the season ratings. Sources say Season 11 will have 13 episodes versus this year's nine.

TPS Superintendent responds to teacher pay raise package
That strike resulted in West Virginia lawmakers approving a 5 percent raise for public school teachers and state employees. In 2017, about a quarter of teachers left the state or gave up the profession altogether.

Grant Hill to be inducted into Basketball Hall of Fame, report
The marquee members of the 2018 Naismith Basketball Hall of Fame class have been released, per Adrian Wojnarowski of ESPN . The full class of inductees will be officially announced Saturday in San Antonio in conjunction with the Final Four.