Monday, 24 September, 2018


Trump going ahead with tariffs on $16B in Chinese imports

A Chinese worker looks on as a cargo ship is loaded at a port in Qingdao Shandong Province China Tariffs on $16B Finalized for August 23 by Trump Administration STR AFP Getty Images 7 Aug 2018Washington DC
Conrad Doyle | 09 August, 2018, 01:32

The tranche of 25 per cent tariffs - which covers 279 products including electronic parts, plastics, chemicals, batteries, tractors and railway cars - follows $US34 billion worth of tariffs announced by the U.S. government in July. The move comes as retaliation for the United States placing $16 billion in tariffs on Chinese goods.

July figures showed the US' trade deficit with China decrease only slightly. Washington has long criticised China's trade surplus with the United States and has demanded Beijing cut it.

The United States and China trade goods and services worth about $650 billion each year, the largest trading relationship in the world between two countries.

Still, disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over market access, intellectual property, technology transfer and investment. But it held off on a final US$16 billion as a result of concerns raised by U.S. companies.

U.S Customs will begin collecting duties on 279 product lines ranging from motorcycles to steam turbines and railway cars, the US Trade Representative's Office said in an emailed statement on Tuesday.

March 1: President Donald Trump announcestariffs on all imports of steel and aluminum, including metals from China.

It is now highly likely that China will retaliate, as promised, with its own $60 billion tariff round.

April 4: China rolls out a listof more than 100 U.S. goods worth roughly $50 billion that are subject to retaliatory tariffs. The number of categories of goods subject to tariffs rose to 333 from 114 in the June draft, although the total value is unchanged. However, analysts still expect a less favorable trade balance for China in coming months given it's early days in the tariff brawl.

July 10: TheUS releases an initial listof an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff.

United States industries and farmers have been caught in the crossfire, and the Trump administration announced US$12 billion in aid to help farmers hurt by Chinese duties on crops such as soybeans.

While short-term effects might be mild, the impact of USA tariffs on China's trade may be gradually revealed as time passes and more tariffs on Chinese goods threatened by the United States take effect, it noted.

Recommended

loading...
...

Hall produces Faldo-like performance to win Women's British Open Hall produces Faldo-like performance to win Women's British Open She got the final day off to a very strong start, scoring a birdie on the par-3 first hole to draw level with the Thai golfer. Phatlum found trouble at the 17th and missed a short putt for bogey to give Hall a three-stroke lead with one hole play.

New Ebola Case Claims 33 In DRC New Ebola Case Claims 33 In DRC He says there are now 16 confirmed cases of the hemorrhagic fever, 27 probable cases and 31 suspected ones under investigation. The Mininstry of Health, Congo has confirmed three more cases of Ebola in the North Kivu province of the country.

Iran vows to continue oil exports despite Trump's threats Iran vows to continue oil exports despite Trump's threats Trump tweeted on Tuesday: "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level".

U.S. senators, on Moscow trip, invite Russian lawmakers to Washington U.S.  senators, on Moscow trip, invite Russian lawmakers to Washington Trump later walked back the remark and said he trusted the USA intelligence community's assessment Moscow did interfere. The Kentucky Republican said it was agreed that a delegation of council members would visit the USA capital.

Trump's China Trade War Just Escalated by $16 Billion The move is the latest escalation of President Donald Trump's trade war with China . This round of tariffs is open to public comment until September 6th.

Samsung is building a high-speed 4TB SSD for everyone Samsung is building a high-speed 4TB SSD for everyone Samsung claims its drive will be the "industry's first 4-bit consumer SSD ", but we'll have to see about that. Samsung hasn't announced pricing yet or precise availability beyond saying "later this year".

Fallout 76 Won't Be Available On Steam Fallout 76 Won't Be Available On Steam However, PC players will have to use Bethesda's own platform if they want to womp cazadors with their mates in West Virginia. At launch, Fallout 76 (and its beta) will be exclusive to Bethesda.net, so you won't be able to pick it up on Steam.

Huge Planet's Aurora 200 Times as Strong as Jupiter's Huge Planet's Aurora 200 Times as Strong as Jupiter's Brown dwarves are hard objects to categorise they are too huge to be considered planets and not big enough to be considered stars. Last year, an independent team of scientists discovered that SIMP J01365663+0933473 was part of a very young group of stars .

Saudi Arabia-Canada spat hits 16,000 students as the Kingdom suspends scholarships Saudi Arabia-Canada spat hits 16,000 students as the Kingdom suspends scholarships Saudi Arabia, ruled by its interpretation of Islamic law, rarely carries out crucifixions, but capital punishment remains common. Bin Salman is the second most senior member of the Saudi regime, which has one of the worst human rights records in the world.

Tesla’s Board Has Met Several Times to Discuss Going-Private Proposal Tesla’s Board Has Met Several Times to Discuss Going-Private Proposal Some Wall Street analysts are skeptical of Musk's ability to gather the financial backing to complete such a deal. But they did not reveal who or what institution Musk may have been referring to when he posted "funding secured".

Oscars introduce new award for outstanding popular film Oscars introduce new award for outstanding popular film The Academy also mentioned that the 2020 Oscars will be airing weeks earlier than usual on February 8. Finally, the date of 2020's Oscars has moved forward.

Hiroshima marks 73rd anniversary of atomic bombing in WWII Hiroshima marks 73rd anniversary of atomic bombing in WWII The event changed the course of World War II and demonstrated the unbelievably devastating force of nuclear weapons. Matsui urged leaders to steadily work toward achieving a world without atomic weapons.

Samsung Galaxy Note 9 Fortnite Android Exclusivity Confirmed Samsung Galaxy Note 9 Fortnite Android Exclusivity Confirmed As per the XDA report, the Samsung Galaxy Tab S4 will be the first tablet to support the all-new gaming title from Epic Games. Verizon will kick off a Samsung Galaxy Note 9 BOGO (buy one get one free) deal once pre-orders open in the United States.

Pentagon restricts fitness trackers, after apps revealed secret bases Pentagon restricts fitness trackers, after apps revealed secret bases Rob Manning, a Pentagon spokesman, said potential penalties will be determined on a case-by-case basis by commanders in the field. The Pentagon has now made it official.

Chris Pratts Cowboy Ninja Viking movie delayed indefinitely Chris Pratts Cowboy Ninja Viking movie delayed indefinitely Together they wrote in Gunn's defense , though the likelihood of Disney going back on its decision remains low. It was adapted by Dan Mazeau (" Wrath of the Titans ") and Ryan Engle (" The Commuter ").