China to hit U.S. with tariffs on United States imports worth $16bn
China to hit U.S. with tariffs on United States imports worth $16bn
U.S. to impose 25% tariffs on additional $16 billion of Chinese goods
08 August, 2018, 18:24
China's exports surged more than expected in July despite fresh USA duties and its closely watched surplus with the United States remained near record highs, as Washington finalised its new tariff list in a bitter dispute that some fear could derail global growth. US President Donald Trump accused Beijing of "being vicious" on trade, stressing that Chinese measures were targeting US farmers on goal. Both countries have already slapped tit-for-tat duties on $34 billion of each other's goods.
This latest round makes good on the president's promise in June to impose a 25% tariff on $50 billion in Chinese goods. For instance, the major complaint is about the theft of USA intellectual property by Chinese firms. Washington applied a 25% tariff on Chinese imports including airplane tires and various industrial parts.
The escalating trade conflict between the world's two largest economies...has seen the two sides impose tariffs on 34-billion dollars worth of each other's goods.
Of more direct outcome in the Sino-U.S. trade war, China's surplus with the United States shrank only marginally to $28.09 billion last month from a record $28.97 billion in June.
China has already retaliated with duties of its own, and has pledged to match the United States dollar-for-dollar with new tariffs, including on the next $16 billion.
Economists say China appears to be taking a more hands-off approach to the yuan, which marked its worst 4-month fall on record between April and July and has provided some reprieve for exporters in the face of the rising trade tensions.
The US is also considering further tariffs on another $200bn worth of Chinese goods which could come into effect in September. Last year, China imported about $130 billion of US goods.
Economists warn that a prolonged trade war between China and the U.S. could end up increasing prices for American consumers and hurting United States businesses.
The trade balance between the two countries, which is at the center of the tariffs tussle, continued to be in favor of China. Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list, as of 23 August, the US Trade Representative's Office said in an emailed statement on Tuesday.
Farmers and United States industries have been caught in the crossfire, and the Trump administration announced $12 billion in aid to help farmers hurt by duties on crops such as soybeans.
Family members identified one of the victims as Nasim Ghanadan, who was a realtor from the East Bay and on the flight for work. The crash happened just after 12:30 p.m. local time. "We looked up to see the plane falling nose first", she told the Times.
But Torreira is in no rush to finalise the switch while Uruguay remain in the hunt for World Cup glory, according to his father. But the official confirmation of a transfer has been delayed by Torreira's global involvement with Uruguay in western Europe.
Moss went for over 1,000 yards in his first season with the Raiders, making it to the 1,000 mark on the final day of the season. Each focused as much on their faith as they did on their careers and the impact their faith had in bringing them to this moment.
Asked on Twitter whether Musk would continue to be CEO under such a scenario, he replied there would be "no change". Mr Musk's offer is 9 per cent higher than Tesla's peak closing price of $US385 reached almost a year ago.
And super-agent Mina Raiola has placed an offer on Barcelona's table which the Catalonian club are prepared to settle with. However, Mourinho disputed suggestions that it's down to him to get the best out of Pogba.
This year marks the 37th birthday of MTV, Donkey Kong, Phil Collins' solo career, and - most importantly - Meghan Markle . In fact, the attention got to be so much that at one point she began wearing disguises in London to avoid unwanted eyes.
Now, she's filed divorce papers in court asking for the star to both pay child support and retroactively pay what he's missed. Sources close to Brad Pitt are refuting the reports that he has not paid child support to his estranged wife Angelina Jolie .
Unlike North Korea, with whom the Trump administration is now eager to negotiate, Iran never produced a nuclear bomb. US officials last week said Iran carried out a similar exercise, though Tehran did not immediately acknowledge it.
Democrats, meanwhile, have been attacking Balderson by casting his support of tax cuts as threats to Social Security and Medicare. His campaign spent $2.25 million on advertising compared to Balderson's $507,000, according to campaign tallies of ad spending.
During the same period, inflation as measured by the Consumer Price Index rose slightly more - 2.8 percent. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.
Among those killed were 17 people from Switzerland and three people from an Austrian family, including a couple and their son. Swiss media have been citing plane experts' speculations that the current heat wave may have contributed to the crashes.
Facebook might add your banking info to Messenger
The banks Facebook reportedly approached in the a year ago include JPMorgan Chase , Wells Fargo & Co., Citigroup , and U.S. A Wall Street Journal report earlier Monday said the talks with banks are ongoing, sending shares up as much as 4 percent.
USA reimposes tough, unilateral sanctions against Iran
The stiff economic sanctions ratchet up pressure on the Islamic Republic despite statements of deep dismay from European allies. He called on the countries of Europe to join the U.S. , saying, "The time has come to stop talking; the time has come to do".
California fire burns its way into history
Varney's radio wasn't communicating with headquarters, so his assistant relayed messages - until they lost contact. Increasing winds are expected in Northern California areas where deadly and destructive wildfires are burning.
Demi Lovato shattered by the drug overdose
She is starting to grasp the severity of what happened and that she nearly died."Adding, "She is scared and grateful to be alive". Fortunately, Demi "knows she needs to finally get serious help", a second source told Us Weekly .
Crude Price Suffers Over US-China Trade War
Security Council, said Friday it was willing to work to save a nuclear agreement that lets Iranian oil flow through the market. However, only 13 planes have been delivered since sanctions on Iran were lifted under the nuclear pact.