Saturday, 30 May, 2020


Trump says trade spat to strengthen United States as China vows reprisals

Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach California US Shipping containers at Pier J at the Port of Long Beach wait for processing in Long Beach California US
Bennie Garza | 07 April, 2018, 00:23

The US and China have complained to the World Trade Organization about each other more than any other countries, with Beijing issuing 11 complaints against its biggest trading partner since joining the WTO in 2001, and Washington making 22 complaints.

The world's two biggest economies get closer to a full-blown trade war, as China threatens to impose tariffs on 106 more us products.

The retaliatory tariffs ordered by Beijing this week targeted 50 billion dollars worth of USA goods including key exports like soybeans, wheat, aircraft and chemical products created to hit the rural regions where Trump is particularly popular. "The U.S.jobs report was somewhat overshadowed this week by the ongoing back and forth between the world's two largest economies which has threatened to disrupt the period of strong growth the global economy is seeing".

China complains to the WTO about the section 301 tariff action by the U.S.

He also said he had ordered the secretary of agriculture "to implement a plan to protect our farmers and agricultural interests".

Mr. Mei, the Chinese researcher, said China is considering other options because its response has to match the Trump administration's threats. Though Beijing officials denied a connection, the boycotts and inspections came after South Korea agreed to deploy a US missile-defense system that China said endangered its national security. He cited "China's unfair retaliation" in response to his list of proposed tariffs earlier this week covering US$50 billion in Chinese products.

Trump last month authorised the suspension of those fresh tariffs, but only gave the European Union until May 1 to come up with a solution to unfair trade practices alleged by the USA leader.

China increases tariffs by up to 25% on 128 United States products, from frozen pork and wine to certain fruits and nuts, escalating the dispute in response to U.S. duties on imports of aluminum and steel.

Earlier in the week, Beijing announced separate import duties on $3 billion USA of goods in response to the Trump administration's duties on all steel and aluminum imports, including from China.

Trump argues China's trade practices have led to the closure of American factories and the loss of millions of American jobs.

TRADE TIFF: Tensions in the U.S. It will use "new comprehensive countermeasures to firmly defend the interest of the nation and its people". The U.S says China treats American companies unfairly by restricting access to its markets and stealing proprietary technology.

MARKET INSIGHT: The latest Trump tariff announcement means the "trade war rhetoric is unlikely to leave the picture anytime soon", said Stephen Innes, head of Asian trading at OANDA. "Not just whisper it, but to go after it with at least preliminary actions".

On Friday evening in Beijing - during a long holiday weekend - the Chinese ministry of commerce reiterated that it will use "any measure" to fight back and declared it is not now considering talks with American trade envoys. "Under these conditions, the two sides can not conduct any negotiations on this issue", Gao said, without elaborating.

The USTR announced a list of roughly 1,300 Chinese goods that would be subject to $50 billion in US tariffs on Tuesday. They have stirred fears that the two countries will spiral into a trade war that will crush global growth.

Mr Trump's protectionist agenda is aimed at saving USA jobs and closing what he sees as a $504bn trade gap with China and deficits with other major economies.

"Let's absolutely take on Chinese bad behavior, but with a plan that punishes them instead of us".

The public has until May 11 to submit comments on the proposed list of US tariffs, with a hearing scheduled for May 15.

Recommended

loading...
...
  • After Today's Significant Increase, Is Suncor Energy Inc. (SU)'s Near-Term Analysis Positive?

    SU has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.85. USA stocks closed higher on Thursday as tech shares rose following a roller coaster ride in the previous trading day.
    Facebook Will Now Require Political Advertisers To Prove Their Identity And Location

    Facebook Will Now Require Political Advertisers To Prove Their Identity And Location

    Changes to Facebook's policy around pages with large numbers of followers on the other hand will be implemented right away. Facebook said it would also use artificial intelligence to track down any ads that sidestepped the authorisation process.
    Champions League: Cristiano Ronaldo left Juventus beaten, clueless and admiring his brilliance

    Champions League: Cristiano Ronaldo left Juventus beaten, clueless and admiring his brilliance

    Text the word "SPORTS" to 22840 and receive local and global sports news as it happens. Cristiano Ronaldo's shot flies off his boot towards the Juventus goal.
  • 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.

    Nokia Corporation (NOK) - Momentum Active stock to Focus

    Fifteen research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Finally, Nomura downgraded Oracle from a " buy " rating to a "neutral" rating in a research report on Tuesday, March 20th.
    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.
  • General Electric (GE) Given

    General Electric (GE) Given "Hold" Rating at Royal Bank of Canada

    Princeton Port Strategies Grp Ltd Liability Corporation reported 0.31% of its portfolio in The Home Depot, Inc. Valicenti Advisory Svcs holds 1.89% of its portfolio in General Electric Company (NYSE:GE) for 217,244 shares.
    Son abducted by terrorists, father escapes with bullet injuries

    Son abducted by terrorists, father escapes with bullet injuries

    The police also informed that before the abduction of Manzoor Ahmad Bhat, the terrorists roughed up the family members. The body of Muntazir Ahmed, who was abducted on April 3, was recovered in an orchard a day later, said the police.
    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.
  • Tiffany Haddish Making HBO Comedy About 'Female Blackness' and 'Instagram Hustle'

    Tiffany Haddish Making HBO Comedy About 'Female Blackness' and 'Instagram Hustle'

    Roquemore is repped by UTA, Authentic Talent & Literary Management, and Schreck Rose Dapello Adams Berlin & Dunham. The Girls'Trip actress has her first television project in development with HBO , ET can confirm.

    Google's head of artificial intelligence defects to Apple

    The letter, obtained by The New York Times , includes the line: "We believe that Google should not be in the business of war". From its early days, Google has encouraged employees to speak out on issues involving the company.
    World shares slide after US-China trade dispute escalates

    World shares slide after US-China trade dispute escalates

    MSCI's all-country world index of stock performance in 47 countries traded little changed after tumbling about 1 percent. The offer is reported to be for less than Viacom's current market value, and Viacom stock fell 3.7 percent to $29.42.

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.

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.

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 .

Identify Profitable Stock with Report of: NIKE, Inc. (NYSE:NKE) Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Pinnacle Holdings Llc decreased Antero Midstream Partners (NYSE:AM) stake by 2,605 shares to 98,414 valued at $2.86B in 2017Q4.

Tigers star leaves game with hip injury after falling on face Tigers star leaves game with hip injury after falling on face In his first start of the season, right-hander Carson Fulmer held Toronto to three runs and five hits over five innings. Beth Grabowski, Director of Marketing for the White Sox , shares the tactics used when it comes to marketing the team.

Stocks claw back ground lost on trade fears Stocks claw back ground lost on trade fears He noted that the USA hasn't entered a full-blown trade war since 1930, and trade relationships were much different back then. Netflix added 5.03 dollars, or 1.7%, to 293.97 dollars and Nike picked up 1.17 dollars, or 1.7%, to 69.59 dollars.

With both Houses adjourned Parliament Budget session heads for a washout With both Houses adjourned Parliament Budget session heads for a washout Earlier, in his closing remarks to the House before adjourning the proceedings of the Budget session sine die , Mr. Jagdish Thakkar, a spokesman in the Prime Minister's Office, didn't respond to calls seeking comment.

"Fahrenheit 451" Trailer Sees Michael B. Jordan Plotting To Burn Every Book Jordan and Michael Shannon in the lead roles, the film is easily one of May's biggest titles for indie film lovers. With " 99 Homes " director Ramin Bahrani behind the camera and Michael B.

Twitter might wreck third-party apps in June Twitter might wreck third-party apps in June However, it's unclear whether there will be changes to the API in response to the developer and user outcry. Timeline updates use that stream directly on your mobile or desktop apps.

Cognizant Technology Solutions (CTSH) Position Has Upped by Genesis Asset Managers Llp CTSH traded at an unexpectedly high level on 04/04/2018 when the stock experienced a 0.84% gain to a closing price of $80.72. Intrexon Corporation (XON) has declined 19.93% since April 6, 2017 and is downtrending. (NYSE:PFE) on Monday, February 26.

Oxlade-Chamberlain on Liverpool triumph: That's why I left Arsenal Oxlade-Chamberlain on Liverpool triumph: That's why I left Arsenal But Oxlade-Chamberlain insisted it was the intimidating noise inside the ground which helped Liverpool land the blows on City. Philippe Coutinho's exit left him with an opportunity and in the next game - a league fixture against City - he scored.

Testimony in Nicholas Butcher murder trial to continue in Halifax Testimony in Nicholas Butcher murder trial to continue in Halifax In the current trial, Blagg's defense attorneys had argued that Jennifer was killed by a serial pedophile who then abducted Abby. Michael Blagg's family continued to show their support, "We believe in our brother Michael Blagg and we love him completely".

Prince Charles and the Duchess of Cornwall start tour of Australia tomorrow Prince Charles and the Duchess of Cornwall start tour of Australia tomorrow The royal couple could be seen greeting senators and ministers on the tarmac at the airport. Prince Charles during a visit to Australia in 1994.

The 10 best football players in the world The 10 best football players in the world But even so, there’s no denying that he has impressive skills and he managed to lead all his football teams to big titles. Now at PSG, there are a lot of rumors that he might come back in Spain to play for life-time rivals of Barcelona, Real Madrid.

The Early 2018 World Series Favorites The Early 2018 World Series Favorites People expected this young Yankees team (which still has more significant talent on the way from AAA) to start competing in 2018. Taking into account a few articles and odds listings that are already out there, here’s our look at the top contenders. 1.