China hits back at Pompeo; accuses United States of blackmail tactics

Trump raises stakes in trade war with China targets further $200bn-worth of imports with tariff

"Such practice of imposing extreme pressure and blackmailing is contrary to the consensus the two sides have reached through rounds of consultations, and disappoints the worldwide community", the spokesperson said.

In an editorial, the English language China Daily, often used by Beijing to get its message out to the rest of the world, said the United States had failed to honor an agreement on rebalancing trade, referencing a deal stuck in May for China to significantly increase purchases of USA goods and services.

"If the U.S. acts irrationally and issues a list, China will have no choice but to take comprehensive measures of a corresponding number and quality and take strong, powerful countermeasures", the ministry said. "President Trump has given China every chance to change its aggressive behavior".

Navarro also disputes any notion that the trade standoff would damage the broader relationship with China. American officials said they would suspend threatened tariff increases on up to $150 billion of Chinese goods.

The Trump administration has already imposed punishing tariffs on imports of steel and aluminum from Canada, Mexico and the European Union, using national security as a justification. The White House said on Monday evening that if China goes through with its promise to retaliate against the USA tariffs announced last week, Washington will impose new tariffs, the Washington Post reported.

"These tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced", Trump said in a statement.

Donald Trump to sign executive order to keep immigrant families together
If those options are exhausted, authorities must find the "least restrictive" setting for the child who arrived without parents. The executive order says the government will prosecute everyone who crosses the border illegally.

"Rather than altering those practices, it is now threatening United States companies, workers and farmers who have done nothing wrong".

In another surprise move, Chinese smartphone marker Xiaomi said before the market open on Tuesday that it would postpone its application for a mainland share offering until after it completes a separate listing in Hong Kong.

While there are no winners in a trade war, the USA is focused on protecting United States technology and sees the tariffs on Chinese tech products as a legitimate action.

Futures on main euro zone benchmarks were trading down 0.2-0.5 per cent as investor angst about the outlook for economic growth filtered through to European stocks. "It's an unprecedented level of larceny". They also favored bonds.

Cooperation between China and the United States on the North "will become very complicated and very hard", Cheng said.

"This is predatory economics 101, and many other countries have recognized this".

Denmark a mirror-image of Australia - Sainsbury
Schmeichel had a brilliant game in his nation's 1-0 win against Peru in their World Cup opener but his reputation counted for little among the Socceroos.

The Chinese Embassy in Washington did not respond to a request for comment. "President (Donald) Trump is now working to re-shift this balance", Pompeo was quoted as saying.

In essence, they said, consumers are likely to pay more for goods that are subject to tariffs and buy less as a result, which would slow the growth of the USA economy.

"When you get in a fight with your biggest buyer of agriculture, and the world's largest soybean buyer (China), even if (it) were to buy 20 percent less, it's a big deal", said Dan Basse, president of Chicago-based consultancy AgResource Co.

They could all become subject to restrictions should tensions snowball into an all-out trade war with the United States, analysts say.

Beijing had agreed to buy goods worth $70 billion and to invest more in USA infrastructure if Washington agreed to withdraw its tariffs.

Mr Pompeo on Monday described U.S. actions as "economic diplomacy", which, when done right, strengthens national security and global alliances, he added. "We do our best to call out unfair economic behaviors as well".

Trump's policies have caused high oil prices
A decision to increase output could be taken even with Iran refusing to sign up, as has happened before in OPEC. Ecuador said OPEC and its allies could agree to a compromise increase in output of around 0.5-0.6 million bpd.

Highlighting concerns over liquidity and potential economic drag from a trade war with the United States, China's central bank on Tuesday lent 200 billion yuan ($31 billion) to financial institutions via its medium-term lending facility (MLF).

Related News:

  • Mobile tells FCC it can't launch its 5G video service without Sprint

    Mobile tells FCC it can't launch its 5G video service without Sprint

    According to the documents found by BRG , Layer3 is having to pay between 20 and 30 percent more in fees than their larger rivals. It's not an easy road ahead for the two challengers: The FCC will need to sign off on the merger, along with the Justice Dept.
    Thousands join Modi for world yoga celebration; some wear masks

    Thousands join Modi for world yoga celebration; some wear masks

    Today, people all over the world have come to look upon yoga as something which belongs to them, Mr. Modi also added that in a world of excess, Yoga promises restraint and balance.
    Mane's Senegal show slick play in win over Poland

    Mane's Senegal show slick play in win over Poland

    The west Africans doubled their lead on the 60-minute mark when the experienced Juventus goalkeeper had a moment to forget. The speedy Mbaye Niang got in front of his defender, nicked the ball away from Szczesny and rolled it into the empty net.
  • The Phillie Phanatic Inadvertently Shot a Wiener Into a Nice Lady's Face

    The Phillie Phanatic Inadvertently Shot a Wiener Into a Nice Lady's Face

    McVay doesn't plan to take legal action against the Phillies and seems to be taking the injury with a good sense of humor. The Phillie Phantic was launching hot dogs into the stands when an arrant dog hit Phillies fan Kathy McVay in the face.

    Wawrinka and Cilic cruise through at Queen's

    Another big-name victor was three-time Grand Slam champion Stan Wawrinka , who took apart Cameron Norrie of Britain 6-2, 6-3. Wawrinka has struggled to return to peak form since suffering a left knee injury past year , but is on the comeback trail.
    Diego Costa grabs lucky goal as relieved Spain beat Iran 1-0

    Diego Costa grabs lucky goal as relieved Spain beat Iran 1-0

    Iran had a goal disallowed following a VAR review, while Mehdi Taremi was among those to miss chances for Carlos Queiroz's side. However Iran's defence was breached in the 54 minute by Diego Costa with his ninth goal in nine global matches.
  • France to include Olivier Giroud, Blaise Matuidi in starting XI vs Peru

    France to include Olivier Giroud, Blaise Matuidi in starting XI vs Peru

    Peru mustered 17 shots in their opening game against Denmark, but still failed to find the net in a 0-1 defeat. He can allow his team to move up the field quickly and help the midfielders to win time and space.
    Video Game Addiction Receives Official Recognition From WHO

    Video Game Addiction Receives Official Recognition From WHO

    The WHO said that if gaming takes precedence over daily activities and life interests, then it can be classed as gaming disorder . Addiction gaming is a real condition, the World Health Organization has decided, though not everybody agrees with the conclusion.
    Microsoft News launches for Android and iOS, uses AI to recommend stories

    Microsoft News launches for Android and iOS, uses AI to recommend stories

    It also enables breaking news alerts, includes a dark mode and the ability to continue reading stories seamlessly across devices. The Microsoft News app has been completely redesigned into a lightning fast, modern and handsome experience.
  • Supreme Court rules in internet sales tax case

    Supreme Court rules in internet sales tax case

    That's because they typically have a physical store in whatever state the purchase is being shipped to. It also provides sellers access to sales tax administration software paid for by the State.
    Wife of Benjamin Netanyahu charged with fraud, breach of trust

    Wife of Benjamin Netanyahu charged with fraud, breach of trust

    She is alleged to have falsely stated there were no cooks available at the prime minister's official residence. If convicted, she could face a maximum sentence of five years behind bars, though that seemed unlikely.
    When Is the First Day of Summer? The Summer Solstice Explained

    When Is the First Day of Summer? The Summer Solstice Explained

    Some theories speculate that Stonehenge was specifically created to align with the sun, according to Salisbury Stonehenge Tours . People across the globe have been marking the longest and shortest days with summer and winter solstice celebrations .

Most liked

Why Didn't Kate Middleton, Prince William Attend His Cousin's Wedding?
Waiting crowds caught a glimpse of the newborn swaddled in white blankets as he emerged with William and a radiant-looking Kate. The announcement comes days after speculation that his Christening would happen between of June and first weeks of July .

Koko, gorilla who knew sign language, dies in Santa Cruz Mountains
She mastered it, too. using 1,000 words to communicate with humans - and was able to understand 2,000 words of spoken English. She was widely promoted through appearances and the release of a picture book about her and a kitten that lived with her.

Raheem Sterling Dele Alli out of England vs. Panama
Southgate took a tumble while running near England's World Cup camp in Repino and was treated in a nearby hospital. That would suggest the Manchester City forward will start on the substitutes' bench.

Juventus Remain On Hot Trail For Sergej Milinkovic-Savic
Milinkovic-Savic has made his way on to Manchester United's wish list as Mourinho looks to add depth to his squad ahead of next season.

Love Island star Sophie Gradon dead at 32
The Miss Great Britain organisers said they were "shocked beyond belief". "You helped us through so much. RIP lovely Sophie, thoughts and prayers go out to your family and friends #LoveIsland'. "Too kind.

Trump Says He'll End Family Separation Policy He Claimed He Couldn't Change
House Speaker Paul Ryan took two dozen wavering lawmakers to the White House so Trump could cajole them into supporting the bill. If emotion is to supersede law, then just about any law can be circumvented if the emotional level is high enough.

Lovren ready for World Cup showdown with Messi
Argentina and Croatia have met only once before at the World Cup with the La Albiceleste winning that encounter back in 1998. Rakitic and Dalic, full of praise for Messi and Argentina , also said that Croatia will be lifted by playing against them.

Love Island 2018 Adam Collard get his comeuppance from THIS shock arrival
Adam became locked in an argument with his current partner Rosie over his growing feelings for new girl Zara. Rosie had tearfully poured her heart out to Adam on Tuesday's episode, only for Adam to smirk in response.

Fortnite Battle Royale Getting Stink Bomb Gas Grenade
Following a period of downtime in the early morning hours, Fortnite is now back online with a new patch for players to check out. If you lament the loss the unpopular smoke grenade in Fortnite , Epic Games is replacing it with an even more potent follow-up.

Black Panther star honours real-life hero at MTV awards
In another emotional moment, Chris Pratt accepted MTV's Generation Award and shared some advice for his young fans. Tiffany Haddish hosted the event, spoofing both Black Panther and Cardi B's breakout hit Bodak Yellow .

WWE star Vader dead at age 63
The big man from the Rocky Mountains chose to push his eye back into place and continued the match for several minutes. He made it clear that he wasn't given much time to live, and always shared updates from his trials and tribulations.

Israel arrests former government minister over alleged spying for Iran
Equatorial Guinea's police handed Segev over to Israeli police and he was arrested upon arrival in Israel. Segev's life story amazed many people in Israel already during his political career.

Telstra hit by another mobile outage
Telstra later said services "returned to normal levels" but admitted at the time they did not know the root cause of the problem. MVNOs are telcos that use the Telstra network to sell phone plans on to customers.

HRC Responds to Trump-Pence EO and House GOP Immigration Bills
He continued to blame the Democrats for the policy, having previously said it is "their law" that causes separation at the border. We are also going to count on Congress, obviously, but we are signing an executive order in a little while.

Symptoms, causes, treatment... everything to know about sickle cell anaemia
Nkechi Ezeudu, identified lack of proper awareness as one of the major challenges of sickle cell disorder in the country. Siaya First Lady Rozela Rasanga (right) joins residents in a walk to mark Sickle Cell Anaemia Day in Siaya town.