Saturday, 19 June, 2021


Trump seeks $100 bil

US President Donald Trump and China's President Xi Jinping Trump seeks $100 bil
Conrad Doyle | 07 April, 2018, 06:16

Read the full press release from the White House below: "Following a thorough investigation under section 301 of the Trade Act of 1974, the United States Trade Representative (USTR) determined that China has repeatedly engaged in practices to unfairly obtain America's intellectual property".

China on Friday warned that it was digging in for a long campaign to counter Washington's attempts to undermine its economy, following President Donald Trump's threat of imposing another installment of tariffs. He dismissed the notion that a trade war is inevitable, stressing that it's just a proposal to raise us tariffs on an additional $100 billion worth of Chinese goods.

Trump tweeted moments later, criticizing the World Trade Organization and suggesting it's "unfair" to the U.S.

Kudlow started his job as director of the national economic council this week.

In China, some observers held out hope that the two countries were headed toward negotiations and noted that despite Beijing's tough talk, it likely does not want the country's export-driven economy to be hit by punishing tariffs.

"China is not afraid of a trade war", the vice minister of finance, Zhu Guangyao, declared at a news conference to discuss possible countermeasures.

China said today it was ready to pay "any cost" in a possible trade war with the United States, after President Donald Trump warned he was considering US$100 billion (RM387 billion) in extra tariffs.

One silver lining: American automakers that import electric vehicle batteries from China were spared from the US tariffs.

USA drillers added 11 oil rigs in the week to April 6, bringing the total count up to 808, the highest level since March 2015, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.

He gave no details of what measures Beijing might take. Trump and Chinese President Xi Jinping speak to each other, as well as high-ranking figures from both governments, he added. People are surprised, I'm not!

Trump announces import tariffs of 25% on steel and 10% for aluminum, but exempts Canada and Mexico and offers the possibility of excluding other allies.

Economists, businessmen and Republicans have warned that the trade war could end in devastation for the US economy.

China has unveiled plans for painful import duties targeting politically-sensitive United States exports, including soybeans, aircraft and autos.

China is ready for further escalation by the USA side and has prepared detailed countermeasures, according to Gao.

Trump spoke about the clash in an interview with the "Bernie and Sid" radio show on 77 WABC Radio that was taped Thursday and aired Friday. "So we might lose a little of it but we're going to have a much stronger country when we're finished, and that's what I'm all about".

China will hit back with comprehensive countermeasures if U.S. continues its unilateral, protectionist practices, a spokesperson with the Ministry of Commerce said.

"If the USA side disregards opposition from China and the worldwide community and insists on carrying out unilateralism and trade protectionism, the Chinese side will take them on until the end at any cost", the Ministry of Commerce said in a statement on its website. Trump has only made a decision to propose a $100 billion tariff on Chinese goods after China proposed a $50 billion tariff on USA goods.

The remarks came after the U.S. President Donald Trump threatened on Thursday to slap tariffs on 100 billion U.S. dollars of imports from China.

China has already announced retaliation for the first $53 billion in US tariffs, and could be expected to respond to the next $100 billion if it is implemented - though this would almost equal total USA exports to China. But he told reporters Friday that these threats are necessary to force Beijing to eliminate trade barriers and allow more USA products into China.

Recommended

loading...
...

Netanyahu Gave In To Political Right's Pressure Over UN Deal Netanyahu Gave In To Political Right's Pressure Over UN Deal The agreement was created to end the possibility of forced deportations of thousands of migrants from Israel to Rwanda. An equal number would be granted temporary residency status in Israel.

Panthers Linebacker Thomas Davis Suspended Four Games After Positive PED Test Panthers Linebacker Thomas Davis Suspended Four Games After Positive PED Test The veteran is best known for overcoming three ACL surgeries early in his career to return to the sport. Davis, who has been with the team for over ten years, made the announcement on Twitter at 5:42 p.m.

MPI Provides Funding For Police to Take Aim at Distracted Drivers MPI Provides Funding For Police to Take Aim at Distracted Drivers In 2017, law enforcement handed out more than 7,000 citations for distracted driving, a jump of 23 percent from the previous year. Sheriff Billy Hancock said he hopes to eliminate distracted driving like eating, texting or using social media.

Orioles (1-5) @ Yankees (4-2) Orioles (1-5) @ Yankees (4-2) Tanaka was charged with three runs and allowed six hits and no walks in 6 1⁄3 innings, striking out seven. With a first-pitch temperature of 42 degrees, neither team got on the board until the sixth inning.

Facebook Secretly Erased Its CEO's Messages From Recipients' Inboxes Facebook is instituting more changes - including more stringent rules for issue ads - as steps to thwart election interference. But its business model depends on collecting that information and ensuring that advertisers can access much of it.

Jordan Matthews reportedly signing with the Patriots Jordan Matthews reportedly signing with the Patriots Acquiring the first round pick for Cooks is certainly a good deal for the Patriots, as they now have two first-round picks. Even with all the changes on offense, the New England Patriots are still the odds on favorite to win Super Bowl 53.

The Coca-Cola Company (NYSE:KO) Old Mutual Customised Solutions (Proprietary) Ltd stated it has 1.08% of its portfolio in The Coca-Cola Company ( NYSE :KO). Monetary Management Group Inc. lifted its holdings in shares of The Coca-Cola by 1.0% during the second quarter.

'Hamilton' creator Lin-Manuel Miranda is suffering from shingles 'Hamilton' creator Lin-Manuel Miranda is suffering from shingles He and his wife Vanessa Nadal have a three-year-old son named Sebastian and a son named Francisco, who was born in February. The rights to the musical reverted back to Miranda and playwright Quiara Alegria Hudes prior to TWC declaring bankruptcy.

Facebook announces advertisers running political, issue ads must be verified Facebook is tightening the noose on advertisers and changing how it manages pages and ads on its platform and Instagram . Going forward, Facebook says, visitors will be able to see more information about the page, such as name changes.

Fortnite earns $15 million in its first month on iOS Fortnite earns $15 million in its first month on iOS Fortnite originally launched on the App Store on March 15th, meaning the game has raked in $15 million over the last 20 days. A new report from Sensor Tower shows us that lifting the invite requirement did big things for daily revenue.

Technical Watch - Celgene Corporation (CELG) -39.63% off from One Year High Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Whereas, in last 21 trading days (one month) was increased -0.37% and moved down in last 63 trading days (quarter) of -18.60%.

Captrust Financial Advisors Buys Shares of 6637 NXP Semiconductors (NXPI) The stock, as of last close, traded 11.26% away to its 52 week low and was at a distance of -8.85% from its 52 week high. On Wednesday, October 18 the stock of NXP Semiconductors N.V. ( NASDAQ : NXPI ) has "Hold" rating given by Jefferies.

HUGE WWE WrestleMania 34 Predictions You Need To Know HUGE WWE WrestleMania 34 Predictions You Need To Know WrestleMania also marks the in-ring debut of Ronda Rousey , who will team with Kurt Angle to face Triple H and Stephanie McMahon . Whether Roman Reigns should be main eventing his fourth consecutive Wrestlemania is an argument for another article.

Oliver Luxxe Assets LLC Has $4.45 Million Stake in Pfizer (NYSE:PFE) Company insiders own 0.06% of the company's stock. 27,323 shs valued at $998,666 were sold by JOHNSON RADY A on Tuesday, March 13. Following the transaction, the insider now owns 36,959 shares of the company's stock, valued at approximately $1,374,505.21.

Fed's Williams backs 3 or 4 rate hikes this year Fed's Williams backs 3 or 4 rate hikes this year Powell reiterated his view that the US economy is strong, despite sluggish wage growth and inflation that remains below the Fed's 2% objective.