President Trump seeks additional tariffs on $200 billion of Chinese goods

Overnight, Trump threatened to impose a 10% tariff on $200bn of Chinese imports, a tit-fot-tat move that could trigger a full-blown trade war.

Beijing also drew up a second list of $16 billion in chemical and energy products to hit with new tariffs, though it did not announce a date for imposing them.

That being said, "China is going to retaliate", he added. He did not say when the target list of Chinese goods would be unveiled.

Beijing immediately retaliated, matching the United States levy.

"Further action must be taken to encourage China to change its unfair practices, open its market to United States goods and accept a more balanced trade relationship with the United States", Trump said in a statement.

The US announced plans for tariffs this spring, after an investigation into China's intellectual property practices. "It is very unfortunate that instead of eliminating these unfair trading practices, China said that it intends to impose unjustified tariffs targeting US workers, farmers, ranchers and businesses". And Trump promised to levy tariffs on a further $200 billion in Chinese goods if Beijing responds to today's action.

North Korea's Kim in China; U.S., South Korea suspend military drill
More respondents termed the Trump-Kim meeting a success for North Korea than a success for the U.S. But Trump still needs to overcome public sentiment that the U.S.

Reports indicate US President Trump is looking to implement new tariffs on another $US200 billion worth of Chinese goods.

The latest salvo came as Trump seeks to convince U.S. lawmakers to let Chinese telecom company ZTE Corp. remain in business.

The ongoing trade dispute between the United States and China knocked the yuan to 6.4660 per dollar, its weakest in more than five months in the offshore market.

The president ordered his administration to prepare a new package of tariffs affecting as much as $200 billion worth of China trade.

Mr. Trump's comments came hours after the top US diplomat accused China of engaging in "predatory economics 101" and an "unprecedented level of larceny" of intellectual property.

"There are trade frictions not only between the US and China but also between the USA and its allies. Not due to announcements", he said.

Dershowitz: Trump Has to Stop 'Separating Parents From Children'
Trump , said Sunday: "She believes we need to be a country that follows all laws, but also a country that governs with heart". At a McAllen, Texas, detention center hundreds of immigrant children wait in a series of cages created by metal fencing.

The Canadian dollar weakened to a one-year low of C$ 1.3237 overnight, before paring some of its losses, as investors anxious about Canada's trade feud with the United States.

"China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology", Trump said in a statement.

China has long denied USA charges that Chinese firms have stolen ideas and software or forced firms to turn over intellectual property as part of the price of doing business in China.

The intellectual property sanctions were the latest in a spate of protectionist measures unveiled by Trump in recent months that included tariffs on steel and aluminum imports to the U.S. and a tough rhetoric on trade negotiations from North America to Asia.

China said it would retaliate immediately by suspending previous trade agreements and slapping duties on American exports, including crude oil.

Ahead of Macron meeting, Merkel insists migration needs 'European answer'
She also warned the minister, Horst Seehofer, against defying her, saying she is ultimately in charge of government policies. Her position as chancellor is now in question, but it remains unclear precisely how the situation will develop.

Related News:

  • Wolves sign Portugal goalkeeper Patricio

    Wolves sign Portugal goalkeeper Patricio

    However Wolves are known to be confident that the specific deal they've agreed with Patricio is legally sound. The experienced keeper joins 31-year-old John Ruddy and 24-year-old Will Norris in the club's ranks.
    Video game addiction is now being recognised as a mental health condition

    Video game addiction is now being recognised as a mental health condition

    Video game addiction has become the latest mental health disorder to be named by the World Health Organization . One of the most cunning offenders? One-in-three people worldwide play some form of free-to-play screen game.
    Stink bombs are coming to Fortnite

    Stink bombs are coming to Fortnite

    At the top of this list of everything coming to the Battle Royale game mode, it reads the Sink Bomb is "coming soon". Thursday, June 21 is when the update should become available, and that will probably implement this new grenade.
  • Aleksandar Kolarov, Serbia Top Costa Rica in 2018 World Cup Match

    Aleksandar Kolarov, Serbia Top Costa Rica in 2018 World Cup Match

    It was by no means a flawless performance, but if they find their groove in the final third, they will be hard to stop. Costa Rica's top scorer Marco Urena suffered facial fractures about a month ago.
    South Africa beats England 23-12 to clinch rugby Test series

    South Africa beats England 23-12 to clinch rugby Test series

    Jones won 24 of his first 25 tests in charge of England , including a joint world record 18 in a row, and would have felt untouchable.
    TV star leaves ex wife fuming after hooking up with her friend

    TV star leaves ex wife fuming after hooking up with her friend

    McPartlin has reportedly been supported by Corbett over the past few months since he crashed his auto while drink driving. Lisa then took to Twitter to slam Anne-Marie for breaking the "girl code"; she also used several broken heart emojis.
  • Koepka holds off Fleetwood for U.S. Open title

    Koepka holds off Fleetwood for U.S. Open title

    The best they could hope for was to hack the ball out and let it roll into the bunker on the other side of the green. Ben Hogan won three straight that he played, missing in 1949 after almost getting killed when his auto struck a bus.
    World Health Organization  declares compulsive video gaming a mental disorder

    World Health Organization declares compulsive video gaming a mental disorder

    World Health Organization accepted the proposal that Gaming Disorder should be listed as a new issue based on scientific evidence. The AP notes that The American Psychiatric Association still does not label Gaming Disorder as a mental health condition.
    Trump threatens to slap China with $200 billion in new tariffs

    Trump threatens to slap China with $200 billion in new tariffs

    An estimated one out of every three rows of US soybeans is shipped to China, Eller said, citing farmer estimates. "Everyone knows. The Trump administration said Friday that it will impose a 25% tariff on $50 billion of Chinese exports.
  • Meghan Markle wore the ideal  summer dress

    Meghan Markle wore the ideal summer dress

    He looked very handsome. "He said, 'Hello Thomas .' I said, 'Hi Harry .' It became a conversation back and forth, mostly about politics ".
    Switzerland holds Brazil to 1-1 draw

    Switzerland holds Brazil to 1-1 draw

    Brazil star Neymar sat out training on Monday following the 1-1 draw with Switzerland in their World Cup opener . Philippe Coutinho gave Brazil the lead in the 20th minute with a volley that bounced in off the right post.

    Amazon brings Prime to Australia after geoblocking furore

    Staff collect merchandise for customers' orders from shelves at the newly-opened Amazon Prime Now facility in Singapore. In the U.S. , 70 percent of Americans with incomes of $150,000 or more who shop online have Amazon Prime memberships.


Most liked

Over 300000 USA coastal homes at risk of flooding by 2045
By 2045, almost $4 billion worth of residential property is at risk of chronic flooding, now worth about $28.5 billion. They say this increased risk is from an accelerated sea level rise primarily driven by climate change.

Google adds four new features to its data management app Datally
Finally, Google is upgrading the "Find Wi-Fi" tool in Datally with a map to show you where these Wi-Fi hotspots are available. A Daily Limit is ideal for those who have tendencies to burn through a month's worth of data in a couple of hours.

Trump falsely claims crime in Germany is 'way up'
Her position as chancellor is now in question, but it remains unclear precisely how the situation will develop. Meanwhile, Mrs Merkel is in a different migration dispute with her interior minister, Horst Seehofer .

Donald Trump Readies New Tariffs for China
The US announced plans for tariffs this spring, after an investigation into China's intellectual property practices. The tariffs were quickly matched by China on US exports, a move that drew the president's ire.

Israeli ex-minister ‘who spied for Iran’ lived in Nigeria
In 2012, a connection was established between Segev and officials from the Iranian embassy in Nigeria. Israel and Iran are bitter enemies, and the allegations against Segev are extremely grave.

Heat advisory issued for Cuyahoga County until 8 p.m.
The average monthly high temperature, at 68.4 degrees halfway through June, is already 1.4 degrees above normal for the month. The storm warning is expected to move towards Hartford and New Hartford by 7:50 p.m., the National Weather Service said.

Saudi Arabia's Football Team Flight Catches Fire, Team Safe and Sound
Thankfully, no-one was injured, and the team landed and made it off the plane safely. "No warning was sounded during the landing". The plane of the Saudi Arabia World Cup team caught on fire as they traveled to their next match in Russian Federation .

ICICI Bank board meet underway to decide on Justice BN Srikrishna's appointment
The bank also announced that Chanda Kochhar, the current CEO will proceed on leave till the completion of Videocon case probe. IRDA INFORMALLY INFORMED "Someone from the bank may also move to ICICI Prudential Life to head it in the interim".

Mysterious lights flash over Russian World Cup city
While onlookers are convinced this is proof of alien existence, the awesome footage has been explained by Russian space officials. The weird light show was described by some as a giant UFO in the shape of a stingray.

DHS Chief is Confronted With ProPublica Tape of Wailing…
She defended the practice, saying those at the border are being treated the same other parents accused of breaking the law. John Moore/Getty ImagesA Honduran mother with her daughter shortly before they are separated at the US-Mexico border.

Portugal star's bust swapped at Madeira airport
The original statue was revealed in March past year at a ceremony to name Madeira's airport after Ronaldo, who is a local hero on the island for what is seen as his rags-to-riches success.

Wendy's employees film mouse 'moving around' in burger buns at Oklahoma location
The video lasts just seven seconds, but it's enough for dozens of those who saw it on social media to swear off eating at Wendy's. They're the only thing that doesn't have anything to do with the bread".

Irish PM says European Union needs decisions from United Kingdom , not internal debate
European Union officials see the possibly of extending regulatory alignment to the mainland as a loophole into the single market. And this is where there is further confusion at the moment - so hold on to your seat.

Millennials are the cheapest tippers
Ten percent of millennials said they routinely do not tip, and one in three leaves a restaurant tip of less than 15 percent. A new study published Sunday by CreditCards.com showed that young adults ages 18-37 tip the least out of any age group.

Gaming Addiction Is Now An Official Mental Health Disorder
Those who partake in gaming should be aware of time spent on gaming activity when it excludes other daily activities. As far as insurance coverage goes, that's still up to authorities - the ICD has no power over those decisions.