U.S. tariffs on China: Trump administration adds $16 billion

10 Août, 2018, 06:31 | Auteur: Auguste Feret
  • U.S. tariffs on China: Trump administration adds $16 billion

China has announced plans to put tariffs of 25% on USA products worth $16 billion, the latest move in an escalating trade war.

This latest round of tariffs, which goes into effect August 23, does not include furniture.

Oil prices had been edging higher prior to the announcement.

This shows the tariffs on $34bn (£26.4bn) worth of Chinese goods imposed by President Donald Trump in early July have yet to have a major effect on trade flows.

Of more direct effect in the Sino-U.S. trade war, China's surplus with the United States shrank only marginally to $28.09 billion last month from a record $28.97 billion in June.

The US says the tariffs are to penalise China for "unfair" trade practices.

In Recordings, Nunes Says Rosenstein Impeachment Would Delay Kavanaugh Confirmation
And I say that because you have to, so we only have so many months left, right? "We have to keep the majority", he adds. That's why I keep-thank you for saying that, by the way-we have to keep all these, we have to keep the majority.

India vs England 2nd Test Day 1 live updates
With Jasprit Bumrah ruled out, India are expected to retain the pace trio of Umesh Yadav, Ishant Sharma, and Mohammed Shami. England lead the five-match series 1-0 after completing a thrilling 31-run victory at Edgbaston last week in Birmingham.

Kanye West cost Carpool Karaoke $45,000 for last-minute cancellation
Now, thanks to Kris Jenner's Late Late Show appearance Tuesday night, we know a bit more about those cancellations. Still, Corden hasn't given up hope of landing West.

China's 25 percent tariffs will apply to US products such as coal, gasoline, vehicles, motorcycles and medical equipment.

The US Seminconductor Industry Association (SIA), which represents manufacturers and designers like Intel, Qualcomm and Texas Instruments, said on Tuesday it was "disappointed and puzzled" their products were on the final list of 279 product lines. Big-ticket US items that are still not on any list are crude oil and large aircraft.

Tensions between the world's two largest economies continue to rise as the White House prepares to impose tariffs on another $16 billion of goods from China this month and as Beijing plans to retaliate. First announced June 10, this list of products initially was subject to 10% tariffs, but last week, the Trump Administration confirmed it has raised this retaliatory measure to 25%. "We have been very clear about the specific changes China should undertake".

So far, financial markets have shrugged off the first round of trade duties.

The dispute over tariffs has continued to escalate as both sides exchange threats. Washington farmers export more sweet cherries to China than any other country.

"There are only two hard outcomes so far and China's winning 2-0", Moon said. In a dispute with South Korea previous year over its role in hosting a US missile defense system, the Chinese government orchestrated a boycott of Seoul-based Lotte Group that ultimately persuaded it to sell many of its stores in China.

Conseillé:

  • Richard Gere, 68, expecting baby with new wife, 35

    Richard Gere, 68, expecting baby with new wife, 35

    Gere's first wife was none other than Cindy Crawford from 1991 to 1995, and he later Wednesday and divorced Carey Lowell. Actor Richard Gere and his new wife, Alejandra Silva, are reportedly expecting their first child.
    Coroner States That Margot Kidder's Death Was An Intentional Overdose

    Coroner States That Margot Kidder's Death Was An Intentional Overdose

    When actress Margot Kidder passed back in May, her manager, Camilla Fluxman Pines, said she died peacefully in her sleep. Her film "Robber's Roost" was in pre-production, and the final film she worked on was 2017's " The Neighborhood ".
    Tom Brady to have contract adjusted with big incentives

    Tom Brady to have contract adjusted with big incentives

    Even with his salary likely to sit at roughly $20 million, Brady will be a bargain among quarterbacks of his calibre. Ten other quarterbacks have a higher salary cap value than Brady, who is slated to earn $15 million in 2018.
  • This Is the Best Time to Watch the Perseid Meteor Shower

    This Is the Best Time to Watch the Perseid Meteor Shower

    We've rounded up everything you need to know about the Perseids meteor shower, including how and where to watch them. In fact, you can expect to see between fifty to a hundred meteors an hour in places where the sky is very dark.

    Busy Everton end transfer deadline day satisfied thanks to arrivals from Barcelona

    The Colombian has signed five-year deal with the club after moving from Barcelona for a fee of around £28million. But I was also convinced Everton could improve me and that I would be able to show my best as a player here'.
    Takeaways from Day 7 of the Manafort Trial

    Takeaways from Day 7 of the Manafort Trial

    But Gates did not answer Downing's question after the prosecution objected to the relevance of the inquiry. Welch said he arrived at the $16.5 million figure based on an accounting method used by Manafort.
  • Israel and Hamas Clash Again, Threatening Peace Talks

    Israel and Hamas Clash Again, Threatening Peace Talks

    The violence came after two fighters from the military wing of Hamas, which governs Gaza , were killed by Israeli fire on Tuesday. After Israel responded with tank fire, dozens of rockets were sent toward Israeli territory on Wednesday night.
    Manafort defence attorneys rip into star prosecution witness

    Manafort defence attorneys rip into star prosecution witness

    Ellis had heatedly confronted prosecutor Uzo Asonye, saying he hadn't authorized Welch to watch the entirety of the trial. But in their filing, prosecutors attached a transcript showing that in fact Ellis had approved the request a week before.
    Fulham take their spending past £100m and Everton sign £28m Mina

    Fulham take their spending past £100m and Everton sign £28m Mina

    And it appears the latter had a key role to play in bringing the World Cup's highest scoring defender to the north west club. Barcelona can buy the centre-half back for around £30m if he does well at Goodison but, for now, he is an Everton player.
  • Another strong quake hits Indonesia's Lombok

    The Indonesian island of Lombok has been hit by a strong tremor, as the search continues for victims of Sunday's quake . Evacuees at a shelter in northern Lombok's Tanjung district ran onto the road crying and screaming, witnesses said.
    Dozens dead after school bus carrying children hit by airstrike

    Dozens dead after school bus carrying children hit by airstrike

    Saudi Arabia, the UAE and their allies in the Arab Coalition intervened in the conflict at the request of Mr Hadi's government. The attack on Jazan was the second ballistic missile fired at Saudi Arabia by the Iran-backed rebels this week.
    Pochettino praises Spurs' 'massive' summer effort retain Kane and other stars

    Pochettino praises Spurs' 'massive' summer effort retain Kane and other stars

    The Tottenham Hotspur Supporters' Trust has called on the club to explain the absence of transfer activity. Spurs are yet to sign or sell any senior players, and the Premier League transfer window closes at 5 p.m.


Populaire

Khalil Mack Holdout "Mystifying To Many In The Organization"
Mack still is only 27 years old and likely has several more fantastic seasons ahead of him as his prime continues. Yes, acquiring Khalil Mack would make the Packers a championship caliber defense.

Indonesia evacuates tourists after Lombok quake kills 91
The archipelago of thousands of islands sits on the so-called Pacific Ring of Fire , a seismic activity hotspot. The quake was mostly felt in Mataran, the capital of Lombok Island, prompting residents to flee their homes.

Macaulay Culkin turned down lead role in The Big Bang Theory
He told Rogen he now lives "a life of leisure" with a property portfolio in the U.S. and overseas . Then they came back at me again, and even my manager was like twisting my arm'.

Demi Lovato Goes To Rehab And Cancels The Rest Of Her Tour
Meanwhile, Nation and Lotus Productions 'wish Demi Lovato the very best now and in the future and we really hope to see her soon in South America'.

Sony Building Spider-Man Universe; Wants Avengers
Variety notes that Sony's model differs from that of Marvel or DC in that it's more producer-driven. This is one of those no-brainer statements, but the actuality is more complex.

Red Bull explain why they won't try to sign Alonso
Red Bull's sister team Toro Rosso have highly rated Frenchman Pierre Gasly in their ranks who could step up in Ricciardo's place.

Thousands Petition for LeBron James to Be Made Secretary of Education
Referencing his new I Promise school in Akron, the petition lists James as the first candidate. Sign my petition calling for DeVos to be fired and LeBron James to be named as U.S.

Jayson Werth, Phillies, Howard Eskin Podcast 94WIP
He was a part of nine playoff teams, winning two pennants and the 2008 World Series as part of the Phillies . I think it's killing the game". "I wanted to play, I let my agent know that I wanted to play".

Michelle Bachelet of Chile figures to be next United Nations human rights chief
In 2013, Bachelet returned to Chile to run for president again and was elected and served a second term in 2014-2018. The new UN High Commissioner for Human Rights must be confirmed by the 193-member UN General Assembly.

Couple charged with locking children inside small, windowless boxes
Francois County Prosecutor Jerrod Mahurin said the couple could face more charges after initial investigations are complete. They're accused of trapping the children in boxed rooms secured with plywood and screws inside of their "deplorable" home.