Trump Targets $200 Billion In Chinese Imports As Spat Grows

Trump threatens additional tariffs on $200 billion of Chinese goods

Initially, 545 United States products valued at $34 billion will be targeted by China, mimicking the Trump administration's tariff rollout.

And as Mr Trump increases the range of goods subject to tariffs it becomes harder for American importers and consumers to avoid the cost by finding alternative suppliers.

The declines came after a series of moves escalating the brewing trade war between the United States and China, the world's two largest economies.

He doubts the latest dispute would damage the relationship between the two countries. But the lopsided status of U.S.

China does not import almost enough USA goods to hit back if Trump imposes the full tariffs on $450 billion worth if goods that have been threatened.

The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the USA, but of the world. The next round will nearly certainly have to tax some consumer goods to reach the $200 billion target, perhaps making them less politically palatable. The administration also revived its complaints Tuesday about America's gaping trade deficit with China, which it says reflects an unfair trading relationship.

He added that China was unlikely to respond to an announcement of tariffs with changes in industrial policies.

"All they can do is impose higher tariffs on a smaller subset of products", he said.

President Donald Trump is calling for 10 percent tariffs on $200 billion in Chinese imports.

"The Trump administration appears to think it can strong-arm China in making concessions by scaling up the amount of trade it imposes tariffs on", Kuijs wrote.

More news: Kingdom Hearts III Deluxe Edition Revealed

The Trump tariffs, which the United States government says are punishment for intellectual property theft, will be enacted in two waves. In 2017, the USA trade deficit with China was a record $375.2 billion, but that did not include services.

The deal with ZTE was a "personal favour" to the Chinese president, White House trade adviser Peter Navarro has said, and it boosted "goodwill" for the North Korea summit.

Most of that trade is in goods - not services - and most of it flows from China to the United States.

Cook's effort to keep Apple on the positive sides of both governments has included talks with USA and Chinese leaders, including an effort to work with China's Xi Jinping that employees of Apple's manufacturing partner Foxconn dubbed "Red Apple", referring to the official color of the Chinese Communist Party.

Therefore, today, I directed the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.

The statement from Trump on Monday said that China's response showed that Beijing had no plans to address the underlying IP theft and required escalation by the US.

Tariffs on other U.S. goods will be announced at a later date, the Xinhua news agency reported.

Boeing, which has acted as a proxy for trade war tensions with China as it is the single largest US exporter to the country, fell 0.8 percent as the biggest drag on the Dow.

"Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong", he said in a statement announcing the possibility of additional tariffs.

The White House hasn't set a date for the imposition of any new tariffs beyond the initial list.

Related News:

  • Dollar rises above ¥110.50 in Tokyo on euro weakness

    Dollar rises above ¥110.50 in Tokyo on euro weakness

    Our week of central bank announcement continues on Thursday, as the attention now turns to the ECB and Mario Draghi . Societe Generale macro strategist Kit Juckes said he foresaw further pain for the euro in the near-term.
    Elon Musk’s Boring Company will build high-speed Chicago train

    Elon Musk’s Boring Company will build high-speed Chicago train

    Rivkin said the estimated fare will be $20 to $25 per ride, which is significantly less than a taxi ride to or from the airport. The Boring Company will have to finance the entire build itself and operate and maintain the express line after it's completed.
    Trump under fire for saluting North Korean general

    Trump under fire for saluting North Korean general

    Trump has also been widely criticized for his friendliness toward North Korean leader Kim Jong-un during and after the summit. North Korea has among the most brutal regimes on Earth, murdering and imprisoning its own citizens for political dissent.
  • 2 feared dead, 41 hurt after quake  hits Japan

    2 feared dead, 41 hurt after quake hits Japan

    Meanwhile, passengers were stranded on a train for about 90 minutes after it came to a halt between Osaka and Shin-Osaka stations. The large quake , with a magnitude of 6.1, struck north of Osaka city just before 8am local time on Monday (11pm GMT Sunday).
    Roberto Carlos backs Willian to be World Cup hero for Brazil

    Roberto Carlos backs Willian to be World Cup hero for Brazil

    'People talk about [Lionel] Messi, [Cristiano] Ronaldo, Robert Lewandowski and Neymar , but for me, Willian is right up there. The 31-year-old started in goal for the team's 3-1 victory over Liverpool in this year's Champions League final.
    Ronaldo reveals player that will beat him, Messi to Ballon d'Or prize

    Ronaldo reveals player that will beat him, Messi to Ballon d'Or prize

    The celebrated footballer had rejected a "heavily bonus-based" new contract earlier this year, according to Daily Mail. The year prior to that comment, he voted for Messi to win the Ballon d'Or over Ronaldo.
  • Duchess Meghan Markle & Prince Harry Attend His Cousin's Wedding!

    Duchess Meghan Markle & Prince Harry Attend His Cousin's Wedding!

    Harry's dad, Prince Charles, stepped in to take Thomas' place - a move that got the approval of the bride's father. Two days before the royal wedding , Meghan Markle issued a statement to say he would not be attending.
    Adam Burniston's Forecast | Surge of summer heat moving in

    Adam Burniston's Forecast | Surge of summer heat moving in

    A risky combination of heat and humidity will be in the region Fridayafternoon and continue at least through early Sundayevening. That difference will be felt most at night when city temperatures remain in the 80s - up to 10 degrees warmer than the suburbs.
    Shawwal moon sighted in Saudi Arabia, Eid-ul-Fitr on Friday

    Shawwal moon sighted in Saudi Arabia, Eid-ul-Fitr on Friday

    But as the dates vary for Eid, in Virginia, the Dar Al-Hijrah Islamic Center‏ announced its Eid celebrations would be Saturday. The ministry announced that the crescent moon for the Islamic month Shawwal was sighted in Morocco on Thursday evening.
  • Former Trump Campaign Manager Jailed Over Witness Tampering Charges

    Former Trump Campaign Manager Jailed Over Witness Tampering Charges

    Kilimnik, whom US authorities suspect of having ties to Russian intelligence, served as Manafort's point man in Ukraine. Andres replied that "it's inconceivable that he ( Manafort ) doesn't know that they're potential witnesses".
    Trump accepts Singapore president's invitation for state visit in November

    Trump accepts Singapore president's invitation for state visit in November

    But Pompeo's comments sought to reaffirm the high benchmark the United States is setting for Trump and Kim to reach an agreement. The two leaders shook hands firmly when they met and the world witnessed the meeting through a host of media gathered there.
    Vienna possible venue for Putin-Trump summit

    Vienna possible venue for Putin-Trump summit

    In early April, Kremlin aide Vladimir Ushakov said Trump had proposed a meeting with Putin during a telephone call. Earlier, Putin criticised the USA withdrawal from the Iranian nuclear deal in a speech at the summit, reports AP.


Most liked

Magnitude 6.1 quake in Japan's Osaka area kills three, stops factories
No abnormalities were reported at the Takahama, Mihama and Oi nuclear plants in central Japan, according to Kansai Electric. The Fire and Disaster Management Agency said more than 40 were injured in Osaka and nearby prefectures of Hyogo and Kyoto.

SUV fleeing border control crashes in Texas, killing 5
Boyd said his officers have dealt with the driver before, adding he was scouting the area earlier to try and pick up immigrants. The chase started when a border control agent spotted three vehicles traveling together and became suspicious of smuggling.

Jose Mourinho's Socceroos praise after France loss
France had plenty of possession, had a dominant share of possession but struggled to create meaningful chances from open play. Giroud took one touch before his second setup Pogba to score . "We can and we will", declared the France boss.

Saudi Arabia coach ashamed of 5-0 loss vs Russian Federation
Substitute Denis Cheryshev soon scored the first of his two goals. "Enjoy watching the World cup on the Qatari #bein".

Germany can still win World Cup, insists Timo Werner
But their win puts them in the driving seat in Group F, with Germany in the rare position of having their backs to the wall. Mexico shocked the soccer world Sunday when it defeated defending champions Germany in a stunning World Cup opener.

USA drone strike kills senior Pakistan Taliban chief in Afghanistan, says report
The Taliban chief who ordered the assassination of Malala Yousafzai has been killed in a drone strike, it was announced today. If his killing is confirmed by the U.S. , it could possibly ease the strained ties between America and Pakistan .

'Fortnite' is available right now for free on the Nintendo Switch
Immediately after Nintendo's E3 press briefing , I headed to the Switch eShop to download Fortnite so I could play it at my desk. Many are now playing the game without voice chat, but the battle royale game will have native voice chat support this Thursday.

Modi hopes historic #INDvAFG match will boost ties with Afghanistan
Rahane: "They have got some good bowlers and if the batsmen can play the bowlers regularly, they will learn from that. Ahmadzai 19-7-51-3, Wafadar 21-5-100-2, Nabi 13-0-65-1, Rashid 34.5-2-154-2, Rahman 15-1-75-1, Stanikzai 2-0-16-0.

Messi misses penalty, Iceland holds Argentina to 1-1 draw
"To evaluate and characterise Lionel Messi's work is hard because it was an uncomfortable match for him", Sampaoli said. This was the first game in Group D , which looks even more evenly balanced now than it did at kickoff.

The IG report reveals no conspiracy, but missteps that perhaps swayed history
The inspector general also concluded that the decisions made on how to conduct the Clinton investigation were reasonable. But the report does not find evidence Mr Comey was motivated by political bias or preference in his decisions.

Super Eagles Match Dates, Venues
A teacher, Mrs Clara Anyanwu, urged Nigerians to pray for the team because of the huge burden of expectations on the players. The also comes after world fashion magazine GQ rated Nigerian Super Eagles jersey as the best for the 2018 World Cup.

New Cyberpunk 2077 E3 Trailer Released
While gameplay itself will take place in first-person view, cutscenes will play out in the third-person. Already, we see fans threatening to not purchase the game due to this recently confirmed feature.

Vladimir Putin says football unites planet as World Cup begins in Russian Federation
Saudi Arabia recently lifted a ban on women driving, although that has been accompanied by a crackdown on dissent. This is Saudi Arabia's fifth appearance at the World Cup finals and their first since 2006.

Duchess Meghan Markle & Queen Elizabeth Avoid a Royal Mishap at Their Car
Why is this one-on-one visit a big deal? And all that matters on this occasion is what the queen thought, the experts said. Kate Middleton and the queen in 2012. " The Queen would have been a relaxing factor in terms of her body language".

Report faults Comey but finds no political bias
More recently, the President has signaled a hope that the inspector general's report will vindicate his instincts on Comey. Strzok "was not the sole decisionmaker" and, in fact, "advocated for more aggressive investigative measures" against Ms.