New tariffs readied for Chinese goods

Enlarge this image

On Friday, China accused Trump of trade bullying and setting off a chain of possible adverse effects for USA consumers, as well as those overseas.

TESLA IN CHINA: Electric auto producer Tesla will build its first factory outside the United States in Shanghai. "Our global trade is extremely important and we have to start off on the right track and I'm not sure we are right now", he said.

He spoke Wednesday at China's turn for a regular WTO review of countries' trade policies. If China bans Apple - which it has not threatened to do - the company would lose 33 billion euros, which is around 19 percent of its revenue, as well as access to the world's largest consumer market.

The Chinese government has vowed to take "firm and forceful measures" against US threats to expand tariff hikes.

The president last month asked the U.S. Trade Representative's office to identify US$200 billion of Chinese goods that could be hit with 10 percent tariffs. "We have been very clear and detailed regarding the specific changes China should undertake", highlighted Lighthizer.

This latest move follows an earlier $50 billion tariff, which levied 25 percent import duties on Chinese goods used mainly for manufacturing.

'It is totally unacceptable for American side to publish a tariff list in a way that is accelerating and escalating, ' it said. "In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese government will, as always, have to make the necessary counter-measures".

'Given China's likelihood of retaliation, it's also billions worth of new tariffs on American exporters'.

Antonio Conte has been sacked by Chelsea
The Italian's time at Chelsea has been controversial since allowing striker Diego Costa to leave last summer. Napoli's midfielder Jorginho is reportedly linked with a move to Chelsea .

"Trump's escalation of trade hostilities makes it increasingly hard to envision an exit path from an all-out trade war".

A possible second round of tariff hikes announced Tuesday by the U.S. Trade Representative targets a $200 billion list of Chinese goods. "Given China's likelihood of retaliation, it's also billions worth of new tariffs on American exporters".

"Although I have supported the administration's targeted efforts to combat China's technology transfer regime, tonight's announcement appears reckless and is not a targeted approach", said Sen.

China bought $130 billion of USA goods a year ago.

"Grocery stores and restaurants thrive when they offer the public options", he said.

President Donald Trump has said he may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of USA imports from China past year. So far, the United States has raised tariffs, or import taxes, on shy of $40 billion of Chinese goods and it might be quintupling that before the end of September.

US President Donald Trump has suggested these could come into effect later this month. Read 'Shocked' by Latest U.S. Tariff Plan, Beijing Seeks Retaliatory Action here.

"For over a year, the Trump Administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", Lighthizer said.

Related News:

  • Why Croatia can win the World Cup Final against France

    Why Croatia can win the World Cup Final against France

    I can not lie that when we beat Germany we thought that was the final. We are not thinking about being favourites. I'd like to send out shirts to them!
    Hollywood is already poised to exploit Thailand cave rescue

    Hollywood is already poised to exploit Thailand cave rescue

    Authorities have said the mission could take up to four days to complete and heavy rain is forecast in the coming days. Rescue crews are anxious about the amount of air the trapped children are using, which is being drained rapidly.
    Trump suggests China might be interfering in U.S.-North Korea talks

    Trump suggests China might be interfering in U.S.-North Korea talks

    Speaking in Tokyo , Pompeo said his efforts to push the North on disarmament had the backing of the entire worldwide community. Countries concerned, including South Korea and Japan, should realize the long and hard path to North Korea's denuclearization.
  • U.S.  officer quits after harassment over Puerto Rico shirt

    U.S. officer quits after harassment over Puerto Rico shirt

    What does the video show? Finally an uninvolved bystander, who had been watching the scene unfold, called for more police. Irizarry recorded the encounter on her phone, saying she felt threatened, and posted the video to Facebook .
    India vs England 3rd T20 global

    India vs England 3rd T20 global

    On a handsome summers day at Bristol , Virat Kohli won the toss and chose to bowl first due to the amount of grass on the pitch. Rohit Sharma was rejected inexpensively and Shikhar Dhawan and KL Rahul took after before long.
    Dictionary.com absolutely savaged the supposedly 'self-made' Kylie Jenner on Twitter

    Dictionary.com absolutely savaged the supposedly 'self-made' Kylie Jenner on Twitter

    Her being the most financially successful Kardashian-Jenner has impressed people on social media but also raised some eyebrows. Forbes estimated that Kim Kardashian , who has her own cosmetics, clothing and mobile games lines, is worth $US350 million.
  • North Korea fails to attend talks on repatriation of USA war dead

    The Americans called North Korean representatives and scheduled a generals' meeting between the two nations to take place Sunday. During an official visit to Britain, Trump posted images of the Korean-language letter from Kim and its English translation.
    Trump wades into Brexit after North Atlantic Treaty Organisation  fiasco

    Trump wades into Brexit after North Atlantic Treaty Organisation fiasco

    Trump and May are expected discuss Russian Federation ahead of the president's meeting with President Vladimir Putin on Monday. Both those accords were the result of years of painstaking diplomacy by European leaders, and Trump unilaterally trashed them.
    First two of Thai soccer team rescued from cave

    First two of Thai soccer team rescued from cave

    The most touching note came from one whose name was not clear: "I'm doing fine, but the air is a little cold, but don't worry". Elon Musk has continued working on alternative strategies to rescue the remaining Thai boys stranded in Northern Thailand .
  • At FBI Agent's Hearing, Congressman Shades Republicans Who Also Criticized Trump

    At FBI Agent's Hearing, Congressman Shades Republicans Who Also Criticized Trump

    This information had the potential to derail, and quite possibly, defeat Mr. Nadler eventually was allowed to speak by stating a point of order.
    These Are the Best Amazon Fashion Deals Leading Up to Prime Day

    These Are the Best Amazon Fashion Deals Leading Up to Prime Day

    How to get your $10 in free Amazon credit ? Also, instantly connect to other Echo devices in your home using just your voice. This music service, which has access to over 40 million tracks both online and offline usually costs £9.99 per month.
    Trump picks Brett Kavanaugh for Supreme Court

    Trump picks Brett Kavanaugh for Supreme Court

    Trump himself if he gets into a legal fight with Robert Mueller - who is investigating allegations of collusion between Mr. Key for Kavanaugh's nomination will be the decisions of a handful of moderate Republicans and moderate Democrats.


Most liked

Dejan Lovren demands respect after matching Thierry Henry feat
Lovren and his Croatia team-mate held off England in Moscow on Wednesday , winning 2-1 in extra-time to book a date with France. He added: "Modric is the best middle three player in the world and if we win this World Cup , he deserves the Ballon d'Or".

Kevin Anderson, John Isner call for Grand Slam tiebreakers after match
The contest surpassed the previous record of 4 hours and 44 minutes set by Novak Djokovic and Juan Martin del Potro in 2013. After more than a year of trouble, Djokovic finally had surgery in February, then took a while to find his groove.

Man harasses woman over Puerto Rico shirt, says it’s ‘un-American’
No, the world is not going to change the United States of America. "You should be wearing United States of America flag", he said. The Forest Preserves of Cook County announced on Twitter that Officer Patrick Connor resigned late Wednesday.

China vows to fight back as the trade war escalates
The public will have a chance to comment on the list before the new tariffs - to be imposed at 10% -come into effect. Also pressuring the market Wednesday, the S&P 500 energy index fell 2.2 percent, leading sector declines.

Modric, Perisic blast England for undermining Croatia following semi final victory
Only Uruguay - who lifted the inaugural title in 1930, and again in 1950 - has a smaller population among all World Cup finalists. We controlled the game, but there's always tension with us, we always concede this early goal and have shocks", Vrsaljko said.

Family Displays Son's Body Playing NBA2K, Wearing Kyrie Irving Jersey At Wake
During his remembrance on Sunday, the family had Matthews preserved and placed in stance that reflected his low-key lifestyle. That was the case for 18-year-old Renard Matthews , who loved video games and the Boston Celtics .

Croatia ace to play through pain barrier against England
Both sides had differing quarter-final performances and are now just a game away from the biggest prize in World Football. England manager Gareth Southgate and Harry Kane celebrate their entry into FIFA World Cup 2018 semifinals.

Ant-Man and the Wasp lands another success for Marvel
The 2018 box office as a whole, which just hit $6.5 billion, is up 9 percent from previous year , according to ComScore. At the specialty box office, Roadside Attractions and Miramax's " Whitney " bowed with $1.3 million from 452 locations.

Brett Kavanaugh picked for Supreme Court by President Trump
Trump is scheduled to announce his nomination to replace Supreme Court Justice Anthony Kennedy at 9 p.m. on July 9. CNN reported no Democrat lawmakers were in the East Room when Trump made his announcement.

U.S. service member killed in apparent insider attack in Afghanistan
The last insider attack that resulted in a US casualty occurred in June 2017, according to NATO Resolute Support officials. Some of the US forces are involved in counterterrorism operations, particularly against the Islamic State jihadist group.

Samsung opens world's largest smartphone factory in India
President Moon Jae-in on Monday focused on highlighting the potential presented by South Korea-India ties. Today Samsung is opening what it describes as the world's biggest mobile phone manufacturing facility.

Southgate tells England stars to 'be bigger than 1966 heroes'
England made the best start, all over West Germany, who only got into the game just before the half-time whistle. So to be here now, leading this team out, I'm so proud.

As Trump slams North Atlantic Treaty Organisation , ambassador says Europeans are 'stepping up' on funding
NATO Ambassador Kay Bailey Hutchison said efforts to prod members into increasing their defense spending are finding success. Meanwhile, Putin does not plan to meet with his French counterpart Emmanuel Macron, who is en route to St.

Kylie Jenner 'Got Rid' Of Her Lip Fillers
The " Keeping up with the Kardashians " star replied: "I got rid of all my filler " followed by three anxious face emojis. The dark haired beauty has been open about her insecurities about her lip size when when she was growing up.

Eden Hazard sent World Cup warning by France star
The video of this supposed training (above) has gone viral and you can see why. I'm very happy to be part of this team, I'm proud of all the players.