Canada 'caught in the crossfire' of US-China trade dispute

12 Juillet, 2018, 01:57 | Auteur: Anatole Charbonneau
  • Trump Announces New Taxes on TVs and Air Conditioners

The Trump administration raised the stakes in the growing trade dispute, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.

President Donald Trump has therefore ordered the trade department to "begin the process of imposing tariffs of 10% on an additional $200 billion of Chinese imports", Lighthizer pointed out.

"For many years, China has pursued abusive trading practices with regard to intellectual property and innovation", Mr. Lighthizer said in a statement on Tuesday.

In Beijing, Li Chenggang, assistant minister at China's Commerce Ministry, said that the latest USA proposals would hurt both countries and pointed to declines in Chinese export growth and overseas investment to the United States in the first half of this year.

The US complains that China uses predatory practices in a push to challenge American technological dominance.

'TARIFFS ARE TAXES' Senate Finance Committee Chairman Orrin Hatch, a senior member of Trump's Republican Party, said the announcement "appears reckless and is not a targeted approach".

"It is impractical for China to match tariffs by quantity", said Frances Cheung, head of Asia macro strategy at Westpac in Singapore.

Aon reveal multi year partnership with the PGA TOUR and LPGA
After months of teasing , the PGA Tour's return to MI got a name, date and confirmation of location Tuesday. The tour really gets busy at the British Open, set for next year at Royal Portrush in Northern Ireland.

After Sanju, Sanjay Dutt set to release his autobiography
Commenting on the book, Dutt said, "I have had the fortune of living a remarkable life, full of ups and downs, joys and sorrows". It was previously said that the Sanju became the latest Bollywood film to have bagged the biggest advance booking of 2018.

Broncos' Madden NFL '19 ratings released
Von Miller is the team's highest-ranked player, as he was one of just seven players in the league to earn a 99-overall rating. Next comes the Atlanta Falcons, Pittsburgh Steelers and New Orleans Saints, each of whom have a rating of 83.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates US intellectual-property rights, such as by forcing American firms to hand over technology.

China's Commerce Ministry has said that Beijing has no choice but to fight back after the U.S. "launched the largest trade war in economic history", accusing Washington of violating the rules of the World Trade Organization (WTO). "At the same time, China will report the US' unilateral behaviour to the World Trade Organization", reports China News.

Members of Congress are increasingly questioning Trump's aggressive trade policies, warning that tariffs on imports raise prices for consumers and expose US farmers and manufacturers to retaliation overseas. His determination to renegotiate trade deals has targeted not only competitors on the world market such as China, but longtime friends and allies such as the European Union or Canada.

The $200 billion far exceeds the total value of goods China imports from the United States, which means Beijing may need to think of creative ways to respond to such US measures.

The U.S. trade deficit in goods with China ballooned to a record $375.2 billion a year ago, stoking his anger over trade policies. There is no victor in a trade war.

"China is showing no signs of backing down and instead looks like it is preparing for a drawn out conflict", said Scott Kennedy, deputy director of China studies at the Center for Strategic and International Studies in Washington.

China' s Ministry of Commerce said that the tariffs are "totally unacceptable" and it is hurting the entire world, as well as China.

Conseillé:



Populaire

20,7 millions de téléspectateurs au total pour France-Belgique — Mondial
Il s'agit du plus gros score réalisé cette année, et de la plus forte audience atteinte depuis la finale de l'Euro 2016. Un pic exceptionnel d'audience a notamment été enregistré à 22.3 millions en fin de rencontre.

Nevada Execution in Doubt After Drug Company Sues to Stop it
Fentanyl, a synthetic opioid well known for its role in the opioid epidemic, has "never been used in an execution before". In court hearings and letters, he said there is a limit to how much artwork and exercise a person can do in prison.

Novak Djokovic sees off Kei Nishikori to reach Wimbledon semifinals
But the 12th seed was not to be denied as he raced into the last four, hitting an impressive 40 winners on the way. However, Djokovic was unable to maintain his level and it was Nishikori who broke for 3-1 and took the second set.

Kylie Jenner set to be the youngest-ever self-made billionaire
That's when the makeup-obsessed teen made a decision to launch her own company. "I said, 'I'm ready to put up my own money". Forbes estimates that with another year of growth, she'll become the youngest billionaire ever, trumping Mark Zuckerberg.

Toronto Public Health recommending decriminalization of all drugs for personal use
The drug policy consultation was completed in response to the growing opioid crisis happening across the country. The overdose crisis, Dr.de Villa said, is a public-health issue, and deaths stemming from it can be prevented.

Manchester United to contact Tottenham for Alderweireld this week
FC Barcelona are set to beat Manchester United to the signing of Sevilla defender Clement Lenglet, according to a report in England.

International : Belgique-France : Hazard plaisante au sujet de Mbappé
Il faut lui laisser peu d'espaces. ", avait récemment admis Raphaël Varane au sujet du létal ailier belge". Dans le football moderne, on n'avait jamais connu ça. "C'est un joueur avec un immense talent".

Courtois to decide on his Chelsea future after the World Cup
The difference is that my kids are in Madrid, and they have seen the game and they see their father and they want him to be close. Reports in Italy state Chelsea owner Roman Abramovich is focused on signing Roma goalkeeper Alisson.

Jose Mourinho delivers Paul Pogba verdict as France reach World Cup final
Both teams have fought their way valiantly to this point, even getting through penalty shootouts to advance. It is in the knockout rounds that I hit my stride, though, and I hope to continue like this.

Tesla : une gigantesque usine devrait voir le jour
Le gouvernement chinois avait annoncé l'année dernière qu'il était en pourparlers avec Tesla pour l'ouverture d'une usine à Shanghai.