China's trade growth weathers U.S. tariff headwinds

U.S.-China trade war update Motorcycles and railway cars are among the $16 billion in items U.S. is targeting next

Chinese imports worth $34 billion would be subject to the new 25% tariff as of July 6, with another $16 billion worth of imports subject to the tariff at a later date.China retaliateswith an equivalent set of tariffs.

China is imposing additional tariffs of 25 per cent on $16 billion United States worth of USA imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world's largest economies escalated their trade dispute. An earlier round of tariffs that went into effect on July 6 applied to $34 billion in imports.

US President Donald Trump started announcing new tariffs on imports in January as part of an attempt to negotiate what he called "fair, bilateral trade deals that bring jobs and industry back onto American shores". President Donald Trump has suggested he may tax effectively all imports of Chinese goods, which reached more than $500 billion previous year.

However, the USA imports far more from China than it exports to it, meaning Beijing may at some point need to look for other means of retaliation.

The tranche of 25 per cent tariffs - which covers 279 products including electronic parts, plastics, chemicals, batteries, tractors and railway cars - follows $US34 billion worth of tariffs announced by the United States government in July. That was off slightly from June's 13.6% rate but still stronger than China's global export growth.

Congo's health ministry confirms 3 more cases of Ebola
Health experts have identified at least 966 contacts who are now under surveillance. Of the three healthcare workers who were affected, one has died.

Dallas County announces first West Nile Virus death of 2018
The treatment is meant to decrease the mosquito population and minimize the risk of transmission of West Nile Virus. Those that do, usually experience mild flu-like symptoms like fever, headache, skin rash or muscle aches.

Heat warning in effect for the Kawarthas until Tuesday
It says a humid air mass will move into southern Ontario and could stay there until a cold front moves in on Tuesday. For Halifax, daytime highs of 29 to 32 degrees are expected, with humidex values in the upper 30's.

The worry is that the escalating Sino-U.S. trade war, rising corporate bankruptcies, and a steep decline in the value of the yuan versus the dollar could put a significant dent on the economy. They will take effect on August 23.

All China's main state newspapers published a lengthy commentary by the official Xinhua news agency, entitled "declaration", on their front pages.

To compensate for the gap on its tariff list caused by the exclusion of crude oil, China added fish meal, wood waste, paper and paper waste, metal scraps, and various types of bicycles and cars, among other products.

April 4: China rolls out a listof more than 100 U.S. goods worth roughly $50 billion that are subject to retaliatory tariffs.

In a statement, the Chinese Commerce Ministry charged that the United States "once again put domestic law above worldwide law by imposing "very unreasonable" new tariffs on Chinese goods".

Related News:



Most liked

Russia tasks Hollywood actor Seagal with improving US ties
Seagal's familiy is originally from Russia, but other celebrities have been granted Russian citizenship for various reasons. Born in the U.S. , the martial arts star gained worldwide fame for roles in the 1980s and '90s like Under Siege .

Fallout 76 Beta Will Feature Full Game
In case you are looking to be a part of the B.E.T.A. phase, all you need to do is pre-order the game, and you'll get invited. As you can see, PC players won't be able to download the BETA from Steam but only through Bethesda.net.

Meghan Markle turns down invitation to Emmy Awards
Meghan's brother and sister in law, the Duke and Duchess of Cambridge were noticeably absent from the event. She completed her look with a black fascinator, black clutch and black and gold sunglasses.

Younes Bendjima's sexy cuddle buddy breaks her silence
"I know who I am, where I'm from, and where I'm going and that bothers you", he wrote. Khloe commented: 'Alexa play "heard it all before" by Sunshine Anderson '.

‘Super Smash Bros. Ultimate’ adds popular characters from ‘Castlevania’ and ‘Donkey Kong’
Classic: The traditional single-player ladder is back, and it appears to be less like the one found in the Wii U version. Meanwhile, " Monster Hunter's " fearsome Rathalos will be joining the game as a series-first boss and Assist Trophy .

Tesla take-private skepticism grows after Elon Musk's funding claim
Rather, it was attributed to Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch. The board had "met several times over the last week" to discuss going private , the statement said.

Twitter Reacts to New Oscars Popular Film Category: ‘This Is So Lazy’
The 2018 awards show, which clocked in at nearly four hours, was the least-watched Oscars to date. The 2019 ceremony will still air on February 24, while the 2020 show will move to February 9.

Lauda progressing in recovery from lung transplant
A best case scenario would see Lauda fully recovered and returning to work in a matter of weeks. Mercedes F1 boss Toto Wolff hopes Niki Lauda will be back at the racetrack in a short time.

Prepare for $90 oil after sanctions against Iran take effect
Oil prices rose on Tuesday as the USA reintroduced sanctions against major crude exporter, Iran, tightening global markets. The last time Iran was sanctioned, it lost half of its exports, which have now returned to 2.4 million barrels per day.

GOP congressman from New York charged with insider trading
Collins was one of President Donald Trump's earliest supporters and acted as the congressional liaison for Trump's 2016 campaign. "Congressman Collins will have more to say on this issue later today", they added. "Rep.

Barnier: I’m working day and night for a Brexit deal
The benchmark FTSE 100 was down 17 points or 0.22 percent at 7,642 in late opening deals after rallying 1.1 percent on Friday. Trump, describing her as "irrational" and "emotionally inspired" throughout the Brexit negotiations.

James Anderson narrowly escapes face injury while playing golf after 1st Test
Anderson's duel with Indian skipper Virat Kohli was also on display during the ongoing Test series between India and England. He took a swing, but somehow the ball cannoned off a tree root and shot straight up into his face from point-blank range.

Death toll jumps to 347 in 6.9 Indonesia quake
Around 4,600 worldwide and Indonesian tourists have been evacuated from smaller islands as the rescue operation continues. Home Affairs Minister Peter Dutton was dining at a restaurant on the 12th floor of a Lombok hotel when the quake struck.

Bayer Leverkusen's Leon Bailey: 'Concrete interest' from other clubs
He told German magazine Kicker - " There's concrete interest ". "What I can say is that my full focus to develop as a young player", he said.

Gigantic Rogue Planet Found Lurking Outside Our Solar System
The difference between what constitutes gas giants and brown dwarfs is a matter of serious debate among astronomers, says NRAO. This fits with the object being between a planet and a brown dwarf and could provide valuable information about both groups.