China vows to respond if US takes new steps on trade

Ford canceled plans to import a car from China because of tariffs. Contrary to Trump's tweet the carmaker says it can't make money building it here

Loup Ventures analyst Gene Munster predicts the tariffs would only cause Apple's revenue to drop by 5% in 2019 because the amount of money the affected products make is such a small slice of the company's money-making machine. That left American companies on edge about whether Beijing might use its control over the heavily regulated economy to disrupt their operations by withholding licenses or launching tax, anti-monopoly or other investigations.

"Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the USA because of the prospect of higher US tariffs.' CNBC". Ford rejected Trump's suggestion, saying it wouldn't be profitable.

The statement came after Trump tweeted about an article from August 31, when Ford announced that it was canceling plans to make the Focus Active, a compact crossover, in China and ship them to the United States.

Washington, Europe and other trading partners argue those plans violate Beijing's market-opening pledges.

US stock investors are looking to extend momentum after corporate profits hit a record high in the second quarter, while investors think an Italian debt crisis would spark a conflict with Europe that would hurt the domestic economy.

Wei Jianguo, vice-president of the China Center for International Economic Exchanges, said China has no intention of challenging United States global dominance, adding that it will certainly take a long time to reduce its reliance on the US. Kristin Dziczek of the Center for Automotive Research said Ford can make Focuses "in many other plants around the world, so if they made a decision to continue to sell a Focus variant in the U.S. market, there are several options other than building it in the United States".

On currency markets the strong United States jobs report added to expectations the Federal Reserve will hike interest rates at least two more times this year, putting further upward pressure on the dollar.

Tweeple praise Akshay Kumar and Rajinikanth-starrer
Not only is 2.0 the most expensive film of the country, but it is also being touted as the second-costliest film of Asia. It is believed that the viewers would get to witness visual wonders in bits and pieces.

The Trump administration had previously imposed tariffs on $50 billion worth of Chinese products, and is ready to impose additional levies on $200 billion this week.

"Here in the U.S., Ford has really been a truck company", as NPR reported in April. China's trade surplus with the United States widened to a record in August.

Beijing matched Washington's first round of tariffs on $50 billion of goods.

SYDNEY, Sept 10 (Reuters) - Asian shares started the week in the red on Monday, faltering for the eighth straight day while the dollar climbed as U.S. President Donald Trump raised the stakes in the heated trade dispute with China. Earlier on, Beijing said that it will put steep duties on USD$60 billion worth of U.S. imports.

Apple assembles most of its products, including the iPhone, in China.

Long Guoqiang, vice-president of the Development Research Center of the State Council, said China has ensured fair treatment for its goods, personnel and capital overseas.

Related News:

  • Tony Finau named as final member of US Ryder Cup team

    Tony Finau named as final member of US Ryder Cup team

    Throw in Woods and Mickelson, and that gives the USA team a lineup that has combined for 31 majors. Tony Finau has been selected for the American Ryder Cup team as Jim Furyk's final captain's pick.
    American Voters Favor Dems by 14 Points

    American Voters Favor Dems by 14 Points

    House Republican leaders have unveiled their proposal to expand the massive tax law they hustled through Congress a year ago . He is just below 50 percent approval for his handling of the economy, but his other policy numbers are atrocious.
    This Is When Fortnite's 5.40 Content Update Drops

    This Is When Fortnite's 5.40 Content Update Drops

    The first is billed as 5.40.2 and is actually more of a backend patch which will not be adding any new content. You'll find the latest weapon in Vending Machines, Treasures Chests and Supply Drops, as well as in floor loot.
  • Salisbury attack: We were just visiting the cathedral, say novichok suspects

    Salisbury attack: We were just visiting the cathedral, say novichok suspects

    The two men described themselves workers in the fitness industry and said that they had been on a sightseeing trip to... Boshirov acknowledged they may have been near Mr Skripal's house but they did not know where it was.
    As Hurricane Florence nears, expat Islander braces for storm in North Carolina

    As Hurricane Florence nears, expat Islander braces for storm in North Carolina

    More than a million people have been urged to evacuate from the storm's path. But the biggest danger could be life-threatening storm surges .
    Double bombing outside girls' school in eastern Afghanistan

    Double bombing outside girls' school in eastern Afghanistan

    On Tuesday security forces had managed to push back Taliban fighters by a couple of kilometres, locals and officials told AFP . Khogyani said the suicide bomber detonated his vest as he approached a tent where protesters had gathered.
  • Liverpool need Bayern's mentality to win titles - Shaqiri

    Liverpool's League Cup triumph in 2012 remains their most recent trophy of any kind. Good games over the next few weeks and of course I am looking forward to them.
    Don't look back: Lexus launching first digital side view mirrors

    Don't look back: Lexus launching first digital side view mirrors

    The digital mirrors will make their debut on the new ES, which will go on sale in late October. Close up images of the cameras and its housing is in the gallery below.

    Here's what the DC region can expect from Hurricane Florence

    A state of emergency has also been declared in Maryland, North Carolina, South Carolina , Virginia and Washington. He said: "We are ready but this is going to be one of the biggest ones to ever hit our country".
  • Juncker calls on European Union  to seize chance to become major sovereign power

    Juncker calls on European Union to seize chance to become major sovereign power

    He said airlines should also buy planes priced in euros not dollars. President Donald Trump's retreat from worldwide engagement.

    Prehistoric 'hashtag' may be world's oldest drawing

    Scientists have found a tiny fragment of rock marked with intersecting lines of red ocher pigment some 73,000 years ago. So the drawing on the Blombos silcrete flake is the oldest drawing by Homo sapiens ever found.
    States Prepare for ‘Storm of a Lifetime’ as Hurricane Florence Looms

    States Prepare for ‘Storm of a Lifetime’ as Hurricane Florence Looms

    The storm is expected to make landfall early Friday morning near Wilmington, North Carolina . But forecasters say there's an increased chance for tropical storm winds to reach Savannah.


Most liked

Egypt coroner says E. coli led to deaths of British couple
The couple's daughter, Kelly Ormerod, told the BBC she believes the claims of E. coli were "absolute rubbish". She said she did not believe the symptoms her parents showed were consistent with E. coli infection .

Carlos Tevez highlights difference between Lionel Messi and Cristiano Ronaldo
So far, players 100-11 have been made public, with some of the top footballers in the world seeing their names pop up on the list. Gamers don't have to wait long to get a taste of this year's edition.

Trump Blames ‘Inaccessible’ Puerto Rico for Hurricane Deaths of 2975 - Internet Explodes
A large rain cloud passes over a day before the arrival of hurricane Florence in Wilmington, N.C. on September 12, 2018 . Trump said Tuesday , "I think Puerto Rico was incredibly successful".

Paulina Gretzky and Dustin Johnson, Alleged Mistress Denies Affair
In recent days, Gretzky - a frequent flier at PGA tourneys - has been missing from Johnson's side. Gretzky, 29, still follows the golf star, and it is unclear what prompted the puzzling move.

Apple Inc bans Alex Jones app for 'objectionable content'
In early August, Apple led a round of tech giants like Facebook and YouTube in scrubbing many of Jones's podcasts from iTunes . As of publishing time , the InfoWars app is still available for download in the Google Play Store for Android devices.

AT&T to bring 5G coverage to Louisville
In addition to Louisville, the cities of Houston, Jacksonville, New Orleans and San Antonio are part of the 5G rollout this year. Those cities are Las Vegas, Los Angeles, Nashville, Orlando, San Diego, San Francisco, and San Jose.

Video shows Harvey Weinstein’s hands-on encounter with rape accuser
At points in the video Ms Thompson appears flustered, and loses her train of thought as she tries to continue her pitch. Thompson, who had previously worked on Wall Street, rejected suggestions that she encouraged Weinstein's behavior.

Google is shutting down ‘Inbox by Gmail’ app by March 2019
According to a report by Fast Company , Google is giving its popular bundled email client service, Inbox the axe early next year. In it, Google walks customers through using some of their favorite features from Inbox in Gmail as well as discover new ones.

Meghan Markle labelled 'duchASS' by angry sister Samantha
She is very strategic in the way she cultivates circles of friends. "She's made her decision and that's it", she said. Meghan also apparently picked up her dog's mess, with Petrillo using the hashtag #princessespickuppooptoo.

Alan Wake TV Show From Legion Writer In Development
Lake also stated that some of the plans and ideas that they had for an Alan Wake sequel might also make their way into the show. American Nightmare , meanwhile, was structured like an episode of the in-universe Twilight Zone-like "Night Springs".

Hurricane Florence evacuations expand, with 'disaster at doorstep'
Boarding up his home in Myrtle Beach , South Carolina , Chris Pennington watched the forecasts and tried to decide when to leave. Similar declarations were made earlier in North and South Carolina , Virginia, Maryland and the District of Columbia .

Apple debuts biggest iPhone yet, health-oriented watch
There are some new tools to monitor how much time you spend looking at your phone and some tweaks to how notifications display. Earlier today, Apple held its annual event in the Steve Jobs Theatre where it announced a bevy of updates and new products .

European Union to take punitive action against Hungary for flouting rule of law
Hungarian Prime Minister Viktor Orban had told the European Parliament on Tuesday he would not bow to EU " blackmail ". MEPs backed the vote by 448 to 197, giving it the two-thirds required for proceedings to go ahead.

Girl, 9, protests at Australian anthem
At school, Ms Nielsen was told she could stand for the anthem and not sing it, or leave the assembly area while it was sung. Harper was given detention last week as a result of her defiance but the punishment has not seemed to phase her.

Oil Prices Climb Ahead of US Sanctions on Iran
OPEC said it expected demand growth of 1.41 million bpd in 2019, a 20,000-bpd downgrade from its previous forecast. Novak said global oil markets were "fragile" due to geopolitical risk and supply disruptions.