Trump preparing additional tariffs on $200B in Chinese goods

China hit back with its own levies - targeting U.S. products such as mixed nuts and whiskey. US indexes are set to open lower after a stretch of gains.

"The behavior of the U.S. is hurting China, hurting the world, and hurting itself", it said.

The Commerce Ministry also called upon the global community to "work together to safeguard the rules of free trade and the multilateral trading system and jointly oppose trade hegemonism".

Members of Congress are increasingly questioning Trump's aggressive trade policies, warning that tariffs on imports raise prices for consumers and expose USA farmers and manufacturers to retaliation overseas.

Members of Congress are increasingly questioning Trump's aggressive trade policies, warning that tariffs on imports raise prices for consumers and expose USA farmers and manufacturers to retaliation overseas. Beijing immediately retaliated with similar duties on US exports.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates USA intellectual-property rights, such as by forcing American firms to hand over technology.

Thousands of Chinese imports are under threat in the newly suggested tariffs, including hundreds of food products as well as vehicle tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.

Man contracts flesh-eating bacteria while crabbing in NJ
Angel Perez, 60, went crabbing in Maurice River on July 2, according to KYW . 'The infection has spread to his blood.his skin. For Perez, the infection spread quickly - taking just hours for his limbs to swell and become discolored.

Kylie Jenner set to become the youngest self-made billionaire on Forbes list
The young mum credits social media for her success, as she told Forbes: 'Social media is an fantastic platform. After leaping to $307 million in 2016, revenue was up just 7% in 2017, despite the addition of 30 products.

Kent fans watch England in World Cup semi-final against Croatia
England's progress in Russian Federation has revived the Three Lions anthem - which includes the line " football's coming home ". The iconic Black Prince statue in City Square is now holding an England flag and its very own football. .

"Rather than address our legitimate concerns, China has begun to retaliate against USA products".

"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", Hatch said in a statement.

Proposed tariffs on another US$200 billion of Chinese imports have been rolled out with Beijing vowing to retaliate. Both governments have raised tariffs on $34 billion worth of each other's goods and already said they are considering additional charges on another $16 billion. "What's next is not so much a trade war or even a cold war as the dawn of an ice age in relations between China and the United States".

On Wednesday, China's main stock index lost 1.8 percent and Japan's market benchmark fell 1.1 percent.

The offshore Chinese yuan fell as low as 6.6918 per dollar, down more than 0.5 per cent from late United States levels and edging near its 11-month low of 6.7344 touched on July 3. China imported US goods worth $130 billion a year ago and Friday's tariff hike hit $34 billion of that, with another $16 billion cited for a possible increase.

The tariffs could take effect after public consultations end on August 30, according to a statement from the US Trade Representative's office on Tuesday.

Some U.S. business groups and lawmakers from Trump's own Republican Party were critical of the escalating tariffs.

Related News:



Most liked

American woman, 27, killed by stray bullet outside Mexico City restaurant
Mirutenko was killed by a stray bullet and the bouncer was wounded, but survived, according to the city's prosecutors office. Four states in the country-Veracruz, Tamaulipas, Michoacán and Guerrero-suffered a record 29,000 deaths past year .

'There are worries ahead': Experts react to Bank of Canada's rate hike
CPI and the Bank's core measures of inflation remain near 2 per cent, consistent with an economy operating close to capacity.

Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports
The Aussie, considered a liquid proxy for China-related trades, fell 0.5 percent against the dollar to $0.7422. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 11, 2018 .

Wimbledon 2018: Alexander Zverev survives scare to reach third round
French Open semi-finalist Keys struggled for most of the match as she committed 48 unforced errors in a disappointing display. The 36-year-old Swiss, chasing a ninth title at the All England Club, extended his winning streak to 29 sets in a row.

Cardi B gives birth to daughter Kulture Kiari Cephus
In June, she told fans on Instagram she had married in secret because "there are moments that I want to keep for myself". Offset proposed publicly a month later so she could still have that "special moment that every girl dreams of".

Scientists have shown how a huge iceberg broke away from Greenland
Sea levels are rising and one of the culprits is the loss of ice from glaciers and ice sheets, victims of a warming planet. The video depicts a tabular, or wide and flat, iceberg calve off and move away from the glacier.

Roger Federer vs Kevin Anderson, Wimbledon 2018
It will be Djokovic's first semi-final at a major since the 2016 French Open when he completed the career Grand Slam. The women's semi-finals are set for Thursday. "I just kept on telling myself I have to continue believing".

Kepler Telescope almost out of fuel, goes in to hibernation
The spacecraft, launched in April, is created to find Earth-sized planets that orbit within the " habitable zone " of stars. The Kepler team will wake up the spacecraft on August 2 and maneuver it to the correct orientation to downlink the data.

Airbus is building the next Mars rover
Clearly it would be a mission of huge firsts for humanity, but the real action will start once the samples show up here on Earth. David Parker, Director of Human and Robotic Exploration at ESA, highlighted the significance of the proposed mission.

Fowler: Southgate treats England players like adults
England are into the World Cup semi-finals, with Harry Maguire admitting that football is coming home for the Three Lions ..."hopefully".

Timberlake showing England-Croatia before London show
I felt something odd in my knee and after talking with the doctor on the sideline we decided I should come off. As we regroup, he turns to me and says, "right that's enough, time to lift the tempo, let's get about them".

Croatian experience up against English youth for place in final
Brod Fortress, which is an important piece of cultural heritage. will again be packed this Wednesday when fans will be cheering on their boy against England.

Challenge to Section 377: SC frowns on Centre’s delay in filing response
Khanwilkar and Indu Malhotra , on Tuesday commenced hearing a batch of petitions and cross-petitions for and against the section. They should get jobs on merit, but we can not allow them to celebrate. "We want them to have a normal economic life.

Who will Jurgen Klopp trust out of Ojo, Wilson and Kent?
He said: "Now Loris concedes that goal but we can not start the story always after each mistake". We had more chances to score, but then we conceded the goals , which is not nice.

Neville thought 3 England stars would struggle at World Cup
Some Tottenham Hotspur fans have ripped into Chelsea striker Olivier Giroud after his France performance at the World Cup. We know what it takes and in such moments you forget any fatigue you may feel", said the 29-year-old Liverpool player.