U.S. imposes new $200 billion tariffs on China

Trump has announced the intention to impose tariffs on Chinese exports worth a total of $250 bn while China has retaliated with levies of its own on more than $60 billion of USA goods going in the other direction.

Trump also threatened that if China retaliated this time then the United States would "immediately pursue phase three", which would mean imposing further tariffs on another US$267 billion worth of products - covering nearly all Chinese exports to the US.

Trump also warned that if China takes retaliatory action against USA farmers and industries, the administration will pursue tariffs on about $267 billion of additional imports.

Sohn said the Trump administration is pursuing a legitimate goal of getting China to stop violating global trade rules but that it should have enlisted support from other trading partners, such as the European Union, Canada and Mexico, and presented Beijing with a united front.

Trump's move means that America will now have tariffs on roughly half of its imports from China (which totalled over $500bn last year).

However, after the initial falls there were signs that some investors were ready to look past the dispute, with European markets reducing their losses to trade close to flat by 0830 GMT. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president's supporters in the USA farm belt.

"Most of our member companies are "in China, for China" - selling goods to Chinese companies and consumers, not to Americans - and thus ultimately boosting the United States economy", Jarrett said. China has said it will hit back.

Adding in the $200 billion list and another $267 billion of Chinese goods, total imports from China facing tariffs would exceed the $505 billion in goods that the United States imported from China a year ago.

Smart watches and Bluetooth devices were removed from the tariff list, along with bicycle helmets, high chairs, children's auto seats, playpens and certain industrial chemicals.

SpaceX's first private passenger is Japanese fashion magnate Maezawa
Musk himself has had a rocky year. "You could send people back to the Moon" on the Falcon Heavy rocket, Musk said at the time. He said he often mused about what artists like Basquiat or Andy Warhol might have come up with if they'd traveled into space.

"These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy", Trump said in a White House statement.

China vowed to retaliate against the new round of tariffs announced Monday by Trump. Make your products in the United States instead of China.

U.S. President Donald Trump delivering a speech in the Great Hall of the People in Beijing, China, in November 2017.

Beijing has warned that it would hit an additional $60 billion in American products if Trump ordered more tariffs.

While economists generally estimate that the overall economic impact of the tariffs will be a fraction of a percentage point, they caution that the effects are hard to predict.

US and Chinese trade delegations led by Treasury Sec. "We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly".

"Tariffs are a tax on American families, period", said Hun Quach, RILA´s vice president for worldwide trade. I think that kind of tactic is not going to work with China.

In the first two rounds of tariffs, the Trump administration took care to try to spare American consumers from the direct impact of the import taxes. At the same time, China introduced its own tariffs to the same value. "We don't have anything to announce to you today, in terms of any of the logistics of that, but, as the President has said, we are open to that and we hope that China will come to the table and address the concerns that we have raised", the official said.

Related News:

  • The Woman Accusing Supreme Court Nominee Brett Kavanaugh of Sexual Assault

    The Woman Accusing Supreme Court Nominee Brett Kavanaugh of Sexual Assault

    If chosen for the lifetime appointment, Mr Kavanaugh would be expected to tilt the court's balance to the right. It was not clear if the Republican-controlled Judiciary Committee would reopen hearings.
    Florence causes near-record rain totals, river flooding in NC

    Florence causes near-record rain totals, river flooding in NC

    The risk is growing as well in the mountains, where rains could lead to risky landslides", he said. North Carolina governor Roy Cooper said: "All roads in the state right now are at risk of floods.
    Mike Zimmer has brutal quote about cutting struggling Vikings kicker

    Mike Zimmer has brutal quote about cutting struggling Vikings kicker

    When kickers missed a combined 19 kicks on Sunday, it wasn't hard to guess that there would be changes coming for some teams. It's unknown at the moment what kind of money Bailey is receiving from the Vikings, but he did get a contending team.
  • Emmys go to North Shore’s Rachel Brosnahan, Alex Borstein for ‘Mrs. Maisel’

    Emmys go to North Shore’s Rachel Brosnahan, Alex Borstein for ‘Mrs. Maisel’

    Mrs Maisel is also a front-runner for best comedy series , which will be presented at the end of the three-hour awards show. Regardless of the total number of wins, the nominations alone marked a major milestone for Netflix .
    Julie Chen leaving 'The Talk' following Les Moonves' exit

    Julie Chen leaving 'The Talk' following Les Moonves' exit

    As we saw last Thursday, she showed up and hosted as usual (aside from her new sign-off as " Julie Chen Moonves "). There was speculation about Chen's future on The Talk when she again was a no-show on today's episode.

    Rachel Brosnahan Went From Snowboard Instructor to Emmy Nominee

    It's time to celebrate the best in (American) television. "This wasn't supposed to happen", said a startled Foy. It tied " Saturday Night Live " as the second most awarded program of the year in any genre.
  • Trump imposes tariffs on $200 billion more of Chinese goods

    Trump imposes tariffs on $200 billion more of Chinese goods

    Trump also threatened to inflict more economic pain in the form of additional tariffs if Beijing takes any retaliatory action. Yet despite months of tariff talk, the gap between what the U.S. buys from China and what it sells there continues to widen.
    Australian Seattle Seahawks NFL punter Michael Dickson has Chicago Bears scared

    Australian Seattle Seahawks NFL punter Michael Dickson has Chicago Bears scared

    The Chicago Bears opened the season by blowing a 17-0 lead to the Green Bay Packers and dropped the season opener 24-23. Seattle had no rushing touchdowns last week, and Chris Carson led the ground game with seven carries for 51 yards.
    Zaire Wade Celebrates His Dad’s Decision to Return to Miami Heat

    Zaire Wade Celebrates His Dad’s Decision to Return to Miami Heat

    The plan going into this season will be to keep Wade in that reserve role, probably somewhere between 20 and 25 minutes per game. Wade spoke about how tough this past summer was and how he needed to decide whether the time had come for him to retire.
  • Patriots closing in on trade for Josh Gordon

    Patriots closing in on trade for Josh Gordon

    The Patriots are finalizing a deal to trade for Gordon, according to a report . That injury reportedly had been suffered at a promotional appearance.
    How to prepare your iPhone or iPad for iOS 12

    How to prepare your iPhone or iPad for iOS 12

    Josh Centers devoted his summer to Take Control of iOS 12 , so you can read that for the full rundown on what's new and necessary. You can also cut down on notifications however you see fit, and see some minor changes to both Messages and FaceTime.
    Conway says accuser should ‘testify under oath’

    Conway says accuser should ‘testify under oath’

    However, Ford's allegation could lead the Republicans on the Senate Judiciary Committee to reconsider their support for Kavanaugh. The allegations in the letter are uncorroborated, and all parties involved were minors at the time .


Most liked

Aaron Rodgers says he didn't take any painkillers despite weird postgame interview
Green Bay have yet to determine if Rodgers will even be able to practice at all this week ahead of their home opener. Wearing a brace could be an option, depending on how the quarterback feels later in the week.

Elon Musk may face more than one lawsuit from British rescue diver
Unsworth is asking for $75,000 in damages and an order that would prevent Musk from making further defamatory statements. Asked about the move, Mr Unsworth said it was a " PR stunt " and the tube "had absolutely no chance of working".

Cordons in Salisbury after two fall ill in restaurant 'medical incident'
In March, a former Russian spy, Sergei Skripal, and his daughter, Yulia , were found collapsed in Salisbury's city center. A Prezzo restaurant in Salisbury is on lockdown after a man and woman took ill and fell unconscious.

Russian military plane vanishes from radar over Syria
One of the missiles fell in an open area to the west of central Homs city causing a fire in an orchard, Ikhbariya TV said. RIA Novosti news agency, citing a security source, said that Syrian anti-defence systems had countered a rocket attack.

Marvelous Mrs. Maisel, Emmys 2018 Winner - Outstanding Comedy Series
Maisel " star was a frontrunner to win, boosted by her Golden Globe win for the role earlier in the year. Sherman-Palladino was nominated and ultimately won for the pilot episode of " The Marvelous Mrs.

India to merge three state-owned banks
He said the NPA curve was now taking a turn and the time was opportune to go ahead with consolidation of banks. This is the fourth major restructuring in the financial sector initiated by the Narendra Modi government.

Trump announces new tariffs on $200 billion in Chinese goods
These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy, he added. He has threatened to expand his tariffs to cover all Chinese imports, an escalation that many economists say would be costly.

Trump orders Federal Bureau of Investigation documents, texts from Russian Federation probe declassified
The move was confirmed in a statement from White House press secretary Sarah Sanders. It was not immediately clear when or how the documents would be released.

Emmy victor pops question, ruins all future marriage proposals
His proposal also delighted fans and Twitter blew up with viewers praising him for 'raising the bar on public proposals'. Weiss dropped to one knee and presented her with his mother's ring, given her by his father 67 years ago.

PM Imran Khan to visit Saudi Arabia tomorrow
A woman with her child visits an auction of government owned used cars at the premises of Prime Minister House in Islamabad . Five years ago, Pakistan's total debt and liabilities were Rs 16.4 trillion, the Express Tribune reported.

Calls grow to delay Kavanaugh vote amid sex assault allegations
Ms Feinstein on Sunday called on the FBI to investigate Ms Ford's story "before the Senate moves forward on this nominee". Ford's identity, Chairman Grassley is actively working to set up such follow-up calls with Judge Kavanaugh and Dr.

National Wireless Presidential Alert Test Postponed to Oct. 3
Florence came ashore in North Carolina on Friday as a hurricane and has caused widespread flooding in North and SC . The test was originally scheduled for this Thursday, but FEMA tweeted about a change in plans on Monday morning.

Brooklyn: Huge fire breaks out in NY shopping mall auto park
The manager of a local vehicle dealership said he was anxious that some of its inventory could be damaged as a result of the fire. Those with heart or lung conditions such as asthma to avoid the area, stay indoors and keep windows closed due to smoke.

Consequences of tariffs 'almost unnoticeable' for U.S. , says Trump
American officials say those violate Beijing's market-opening commitments and worry they might erode US industrial leadership. But 2018 imports from China through July were up almost 9 percent over the same period of 2017, according to U.S.

Typhoon Mangkhut slammed into Hong Kong, and the scenes were apocalyptic
About 63,000 people have been affected, and the damage has not yet been fully assessed as numerous worst-hit areas are rural. The victims had sought refuge in a church during the typhoon - but Lt Gen Salamat said they were told to flee the town.