Friday, 17 January, 2020


China expresses regret at USA move to file WTO challenge

Bennie Garza | 24 March, 2018, 17:14

On Thursday, US President Donald Trump imposed massive trade tariffs amounting to Dollars 60 billion on China, in a move that could escalate into a global trade war, given the accelerating trade tensions between the two countries.

China has threatened to retaliate by hitting US agricultural exports if tariffs on Chinese imports worth up to $60 billion are announced by Washington.

According to the Farm Credit Administration, total USA agricultural exports stood just under $140 billion in 2015, with Mainland China being the number one destination accounting for $22.5 billion worth of goods.

Additionally, the Chinese officials proposed slapping tariffs on the imports of advanced electronics and machinery as well as luxury goods from the U.S.

President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of US technology and likely to trigger retaliation from Beijing and stoke fears of a global trade war.

"Many other countries are now negotiating fair trade deals with us", the president said on Friday.

Lighthizer told the House of Representatives Ways and Means Committee, a top economic panel, that the aim would be to minimize the impact of any tariffs on USA consumers.

It was carried out under Section 301 of the U.S. Trade Act and centers on claims that China has flouting copyright laws and forced U.S. companies to hand over trade secrets.

Those goods include 128 United States agricultural and steel products including fruit, wine, pork, steel pipes and recycled aluminium.

The comments came in a phone call between China's vice-premier Liu He and US Treasury Secretary Steven Mnuchin.

Beijing has warned the U.S. that it is "not afraid of a trade war", but has said that it hopes to avoid one through continued dialogue.

"China does not want to fight a trade war with anyone".

China's imports of USA agricultural goods declined by three billion dollars to just over $19 billion over the two-year period.

Some say China's retaliation might have a negative effect on the Trump administration as President Trump carried eight-out-of-10 largest soybean and hog-producing states in the 2016 election.

Recommended

loading...
...
  • Prolific American businessman Wayne Huizenga dies at 80

    Prolific American businessman Wayne Huizenga dies at 80

    He would drive a garbage truck from 2 a.m.to noon each day, then shower and go out and solicit new customers in the afternoon. But he knew the bottom line in the National Football League is championships, and his Dolphins perennially came up short.
    Tropical Cyclone Nora: Queensland on alert for destructive winds

    Tropical Cyclone Nora: Queensland on alert for destructive winds

    You can generally successfully shelter from winds, but it's very hard to shelter from a storm surge". The Bureau of Meteorology's Lauren Pattie says a system of that velocity can cause serious damage.
    How To Make A Profile On A Dating Website

    How To Make A Profile On A Dating Website

    Yes, we live in the world of modern technologies where a teenager knows more about technologies than people in mid 30s. When writing about yourself, keep in mind that people might think of different things and have different associations.
  • Five Young Sports Stars to Watch in 2020

    Five Young Sports Stars to Watch in 2020

    We’ve now entered 2020 and the sporting world will certainly have a lot to show us in the upcoming year. The upcoming year will be telling if the boy can turn from a talented prospect to a world-class player.
    JNU protest: Police apologises, assures inquiry in journalist molestation case

    JNU protest: Police apologises, assures inquiry in journalist molestation case

    He said when the protesters were being sided, the officials on duty accidentally caught hold of photojournalist Anushree Fadnavis. Students and Delhi Police officials clashed around the city's INA Market area after the protestors were asked to halt.

    How to learn English with the news

    Your main purpose is to master or improve your language skills, so it is not so big deal if you listen to or read something fake. How to learn English through the news It is undeniable that the news is a great source of the words that are used everywhere.
  • Skripals' mental capacity may be compromised by Salisbury nerve agent attack

    Skripals' mental capacity may be compromised by Salisbury nerve agent attack

    A spokesperson for Prime Minister Theresa May said London was "actively considering" other measures. The EU's ambassador to Moscow has been temporarily withdrawn over the Salisbury nerve agent attack.
    Cristiano Ronaldo 'demands one more euro than Lionel Messi'

    Cristiano Ronaldo 'demands one more euro than Lionel Messi'

    But the man himself says it is impossible for him to compare with two of the game's greats because he plays in the midfield. KEVIN DE BRUYNE is fed up with being compared to Lionel Messi and Cristiano Ronaldo .
    Canelo Alvarez Suspended By NSAC For Failed Drug Tests

    Canelo Alvarez Suspended By NSAC For Failed Drug Tests

    Bennett informed Golden Boy president Eric Gomez and Golovkin promoter Tom Loeffler at a meeting in his Las Vegas office Friday. He claimed it was the result of eating contaminated meat in his home country, which Golovkin has rubbished.
  • Prosecutors Drop Charges Against 11 of 15 Turkish Officials in DC Brawl

    Prosecutors Drop Charges Against 11 of 15 Turkish Officials in DC Brawl

    Turkish officials maintain that the D.C. protesters in May were affiliated with the PKK and posed a security threat to Mr. Last November, prosecutors appealed to a judge to drop the charges against four of Erdogan's security members.
    Delhi Budget 2018: Finance Minister Manish Sisodia presents Delhi budget

    Delhi Budget 2018: Finance Minister Manish Sisodia presents Delhi budget

    As many as 1,000 indoor display boards will be installed in government buildings to provide information on air pollution levels. He said tablets will be provided to all teachers in government schools to help them keep an online record of students.
    Cardi B Reveals Video for 'Bartier Cardi' is Coming Before April

    Cardi B Reveals Video for 'Bartier Cardi' is Coming Before April

    She then cited the living conditions of inmates, saying "I know you're not spending it in the damn prison". They can't even afford to put metal detectors in ALL the schools but we have money for a wall and war....

General Overview of Cisco CCNA R&S Questions and Answers In addition to this, they will also build their skills and knowledge levels required to implement WLAN in a small/medium network. At the end of the course, they will also be able to resolve regular issues with EIGRP, STP, and OSPF in IPv4 and IPv6 networks.

The First Offline Date After Online Relationships The First Offline Date After Online Relationships The Date Day: How To Behave When you meet your date offline for the first time, there are many things that can go wrong. That is a very responsible step that will either empower or destroy the already formed relationships.

Gustav Klimt Could Challenge For 2,000 Guineas Gustav Klimt Could Challenge For 2,000 Guineas However, Gustav Klimt bounced back with a fine performance at the Barronstown Stud Irish European Breeders Fund in June last year. Gustav Klimt moved to the inside down the final furlong and found just enough speed to beat out his compatriot Nebo by a head .

Why The Stock Market Exodus Has Only Begun Why The Stock Market Exodus Has Only Begun Facebook Chief Executive Mark Zuckerberg said he was open to additional government regulation and happy to testify before the U.S. Japan's benchmark Nikkei 225 index plunged 4.5 percent and South Korea's Kospi tumbled 3.2 percent.

United Kingdom authorities raid Cambridge Analytica HQ United Kingdom  authorities raid Cambridge Analytica HQ Chief executive Mark Zuckerberg has issued a public apology, admitting there had been a "major breach of trust". Cambridge Analytica, known for working on U.S.

China urges US against taking trade relations to 'dangerous place' China urges US against taking trade relations to 'dangerous place' China's ambassador to the WTO told Reuters on Thursday that China was ready for the USA move, and would challenge it at the WTO. The United States has chose to exempt the European Union and six other countries from the steel and aluminium tariffs .

Mr. Rogers Will Get His Own Postage Stamp Mr. Rogers Will Get His Own Postage Stamp Fred Rogers, the TV host who entertained and educated generations of school-age students, died in 2003 at age 74. Among those attending the ceremony were Rogers' widow, Joanne, and David Newell, who played Mr.

BCCI clears Mohammed Shami of corruption charges, okays Rs 3 crore contract BCCI clears Mohammed Shami of corruption charges, okays Rs 3 crore contract She has made several the allegations on her husband that he is having an extra-marital affair and also abused her. He was offered his due Grade B contract by the top board and will be pocketing a sun of INR 3 crore annually.

Police arrest 25 England supporters in Amsterdam ahead of friendly Police arrest 25 England supporters in Amsterdam ahead of friendly DUTCH police lashed out at England supporters and hit them with batons before their friendly clash with Holland in Amsterdam. The flare-ups in Amsterdam come a year after despicable scenes marred England's friendly against Germany in Dortmund.

Apple (AAPL) Position Lowered by Berson & Corrado Investment Advisors LLC Apple (AAPL) Position Lowered by Berson & Corrado Investment Advisors LLC Shares for $360,230 were sold by Sullivan George E. $154,665 worth of stock was sold by Schaefer Elizabeth on Monday, February 26. Rosenblatt Securities set a $180.00 target price on Apple (NASDAQ: AAPL ) in a report issued on Wednesday, March 7th.

The Lalu Prasad Fourth Fodder Scam Verdict: Sentenced for 7 years The Lalu Prasad Fourth Fodder Scam Verdict: Sentenced for 7 years The court had, on Monday, convicted Lalu Prasad after finding him guilty on the charges of conspiracy and corruption in the case. The Special CBI court of judge Shivpal Singh has also fined the RJD chief Rs 60 lakh for his role in the Dumka Treasury case.

Opposition Ukrainian MP detained on coup plot charges Opposition Ukrainian MP detained on coup plot charges Despite a ceasefire agreement, clashes continue in eastern Ukraine between the rebels and Ukrainian government forces. Savchenko returned to a hero's welcome to Kiev in May, 2016, as part of a prisoner swap with Russian Federation .

Westminster terror attack anniversary: Tributes to PC Keith Palmer Westminster terror attack anniversary: Tributes to PC Keith Palmer Attacks on the Manchester Arena, London Bridge and the Tube station at Parsons Green all followed Westminster Bridge . Not a single movement of traffic, not a horn, not anybody speaking, no shouts, nothing whatsoever.

How Technology Has Completely Changed the Way We Spend Money How Technology Has Completely Changed the Way We Spend Money The Rise of Mobile Payments Over the last few years, all of the major mobile innovators have stepped into the mobile payment game. As of 2016, Apple Pay had 12 million monthly users , a figure which is sure to rise substantially in the coming months and years.

Everything You Wanted to Know About Super Nintendo Classic Mini Everything You Wanted to Know About Super Nintendo Classic Mini In the autumn of 2016, the news about the re-release of the 8-bit NES console resounded in the world of the gaming industry. The console can be placed in the palm of your hand, which is very convenient for its storing and carrying around.