Trump threatens tariffs on all $500 billion of Chinese imports

The FTSE 100, which had edged up 11 points in early trading, fell almost 18 points to 7,666.00 after Donald Trump told CNBC's Joe Kernen in a Squawk Box interview today that he was prepared to tax all of the $505.5 billion of imports from China. The price of soybeans has fallen 50% since 5 years before the Election.

"He's been saying since the '80s that trade deals are bad and we should have more tariffs, and that's what we're getting". Canada charges 275% on Dairy.

His comments anxious investors already grappling with the impact of a strengthening United States dollar on corporate results, and key stock indexes on Wall Street dropped at the open on Friday.

Economists say state intervention in the affairs of central banks can have disastrous consequences, leading to hyper-inflation and devalued currencies.

He added: "As usual, not a level playing field".

In a pair of tweets following the interview, Trump accused both China and the European Union of manipulating their currencies to keep interest rates low.

Israeli soldier and four Palestinians killed in Gaza Strip clashes
Meanwhile, a third Palestinian was killed due to Israeli forces carrying out airstrikes in the Rafah district, in southern Gaza. Jonathan Conricus said Palestinians hurled seven grenades and several explosive devices at troops along the border on Friday.

The American president has become embroiled in a war of words that has threatened to erupt into a trade war between the two powers. Juncker is set to meet with Trump on Wednesday.

"The dollar going down typically tends to lift equities and I think that is partly why we have seen a little bit of a turnaround today", Frederick said. The exercise marked the consummation of the Bilateral Currency Swap Agreement (BCSA) the CBN signed with the People's Bank of China (PBoC) in April 27.

U.S. President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China, threatening in an interview with CNBC to escalate the current trade clash with the Asian nation.

US President Donald Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from countries around the world and igniting disputes on multiple fronts.

Trump denounced the rate hikes in an interview with CNBC, just the latest time he has strayed from the traditions normally observed by the president.

In June, he also broke established protocol as regards to sensitive economic data with a tweet signaling May's strong jobs report ahead of the labor department's own announcement, a move some describe as a blatant misuse of presidential power as such numbers usually have an impact on stock and bond prices.

Putin proposed eastern Ukraine vote to Trump in Helsinki
Coats, the nation's top intelligence official, said "Did I hear you", per the HuffPost , then paused before saying: "OK". Trump did note, however, that while he agreed that Russian Federation had interfered, it " could be other people also ".

"The (yuan's) slide against the United States dollar will substantially cushion the impact on Chinese exporters from the planned next round of U.S. tariffs", IHS Markit's chief Asia economist Rajiv Biswas told AFP news agency.

The Fed has raised interest rates five times since Trump took office in January 2017, with two of those coming this year under Chairman Jerome Powell, the president's pick to replace Janet Yellen.

Former Dallas Fed President Richard Fisher told CNBC that Trump is out of line.

'I'm ready to go to 500, ' Trump said.

Trump also acknowledged that his comments are unusual but said he doesn't care.

Trump Promises 'Big Results' From Controversial Putin Summit
But he refused to reverse other comments in which he backed Putin's "extremely strong and powerful" denial of Russian involvement. Senate Democratic leader Chuck Schumer said Trump was trying to "squirm away" from his comments alongside Putin.

Related News:

  • Amid uproar, Trump says he’s ‘looking forward’ to second meeting with Putin

    Amid uproar, Trump says he’s ‘looking forward’ to second meeting with Putin

    Trump is planning to host Putin for talks in Washington later this year, after a first bilateral meeting in Helsinki on Monday. German Chancellor Angela Merkel says that meetings between US and Russian presidents should become "normal" again.

    Tiger Woods stays solid on soggy British Open Friday

    Keep in mind it was his latest tee time of the year and this is a guy who usually wakes up around 4 a.m. and works out. But, I mean, it's a little different knowing who you're playing with. "I doubt he's been called Zach that many times".
    Bristol Palin reportedly joining 'Teen Mom' cast

    Bristol Palin reportedly joining 'Teen Mom' cast

    Bristol previously appeared on Dancing With The Stars and the Discovery Channel series Sarah Palin's Alaska with the family. Back in May, she commemorated the 10-year-anniversary of her life taking the "biggest possible turn".
  • Sacramento Kings Bring Back Ben McLemore In Trade With Memphis Grizzlies

    Sacramento Kings Bring Back Ben McLemore In Trade With Memphis Grizzlies

    It was his second season in Sacramento, on top of a 10-day contract he spent there in 2010. The 6-foot-6 guard also averaged 2.3 rebounds, 1.9 assists and 24.8 minutes.
    Meow factor. Taylor Swift to star in musical Cats

    Meow factor. Taylor Swift to star in musical Cats

    Eliot's Old Possum's Book of Practical Cats , the original Broadway production of Cats opened in 1982 at the Winter Garden Theatre.
    Singapore succumbs to massive data breach in 'state-sponsored' attack

    Singapore succumbs to massive data breach in 'state-sponsored' attack

    The 1.5 million patients had visited SingHealth's specialist outpatient clinics and polyclinics from May 1, 2015 to July 4, 2018. The company provided a website so customers can check if they were among those affected and is contacting all patients.
  • Here's A Closer Look At Velocity Suit In Spider-Man PS4

    Here's A Closer Look At Velocity Suit In Spider-Man PS4

    It joins the Spider-Punk suit and Iron Spider suit (inspired by Marvel Studios' The Avengers: Infinity War ) to round out the set. Furthermore there are several Spider-Man PS4 bundles that have the game, controllers, and standard black PS4 consoles.

    U.S. urges United Nations sanctions until NK acts on denuclearisation

    Trump on Tuesday told reporters there was " no rush " and "no time limit" on denuclearisation negotiations with North Korea. Joining them are South Korean ambassador to the United Nations Cho Tae-yul, left, and USA ambassador to the U.N.
    Serious injuries after knife attack on bus in Germany

    Serious injuries after knife attack on bus in Germany

    Prosecutor Ulla Hingst told n-tv television the bus driver stopped the vehicle and let the passengers out after the attack. The incident occurred on a city bus in Luebeck, near the Baltic coast and northeast of Hamburg, on Friday afternoon.
  • NewsAlert: Trudeau shuffles familiar faces, adds new ones to expanded cabinet

    NewsAlert: Trudeau shuffles familiar faces, adds new ones to expanded cabinet

    In a cabinet shuffle , he left foreign affairs minister Chrystia Freeland in place, meaning she will continue to negotiate NAFTA. Even the NDP government of Alberta and the Conservative government of Manitoba could be expected to be helpful with some issues.
    Whoopi Goldberg and Jeanine Pirro have ‘explosive argument’ following on-air feud

    Whoopi Goldberg and Jeanine Pirro have ‘explosive argument’ following on-air feud

    This week brings us drama between View co-host Whoopi Goldberg and Fox News's Justice with Judge Jeanine host Jeanine Pirro . While Pirro and co-host Meghan McCain were discussing Trump's popularity among Republicans, Goldberg said she had a question.
    US launches national security probe into uranium imports

    US launches national security probe into uranium imports

    Compounding the problem was a global supply glut that prompted Kazakhstan, the world's biggest producer, to cut back a year ago . Uranium fuels 99 USA commercial nuclear reactors that produce 20 per cent of the power for the country's electricity grid.


Most liked

Unemployment rate lowest in over five years
Federal Treasurer Scott Morrison said the increase in WA was particularly welcome given the hardships of recent years. Nearly 51,000 new jobs have been created over the past month, with a boost in both full-time and part-time positions.

DC Universe's Titans Promises a Much Darker Version of Robin
As the San Diego Comic-Con begins, DC has unveiled the first look at the Titans TV series. Joining them along the way are the hot-headed Starfire and loveable Beast Boy.

Kimberly Guilfoyle leaving Fox News and may join Trump super PAC
She was considered for White House press secretary past year after Sean Spicer departed the administration. She has recently become a fixture in the gossip rags thanks to her relationship with Donald Trump Jr .

'Star Trek: Discovery' season 2 trailer reveals Captain Pike, teases Spock
And, as showrunner Alex Kurtzman revealed during the panel, Spock-yes, Spock-is going to make an appearance this season . A fourth short will introduce us to a man named Craft ( Aldis Hodge ) who's the only human on a deserted ship.

Israel Strikes Gaza After Shots Fired at Soldiers
The protests are partly meant to draw attention to the Israeli-Egyptian blockade imposed after Hamas took control of Gaza in 2007. Two Palestinian teenagers were killed and about 200 rockets and mortars were fired at Israel from Gaza.

BJP moves privilege motion against Rahul Gandhi
He also accused Modi and his government of indulging in " jumla strikes', saying the people were the victims of his "gimmickery". Rahul Gandhi says opponents may hate him, call him " Pappu " but he has no anger, hatred against PM, BJP .

Remains of suspected serial killer Bruce McArthur's 8th victim identified
Police later confirmed that more human remains had been found and sent to the Ontario Forensic Pathology Service to be tested. McArthur was arrested in January in connection with the disappearances of numerous men with ties to Toronto's gay community.

Top shots from Round 2 at The Open
Dustin Johnson became the first world number one to miss the cut at The Open since Luke Donald in 2011. He held it together at par until the 13th, where he finally slipped and finished on 74, four over.

‘Walking Dead’ Unveils Season 9 Trailer, Premiere Date at Comic-Con
There are certainly some gnarly new walkers in the trailer, reminiscent of the early seasons of The Walking Dead . Robert Kirkman confirmed that Alpha, the leader of the Whisperers, would appear on Season 9 of the hit AMC show.

Amesbury Novichok poisoning: Inquest opened and adjourned
A source told the Press Association police had identified the suspects behind the poisoning and confirmed they were Russian . Britain has repeatedly accused Russian Federation of being responsible for the attack, which Russian Federation denies.

Trump threatens to slap tariffs on all $505bn of Chinese imports
Trump has taken credit for robust U.S. economic performance since his election and championed December's sweeping tax cuts. In return, China levied taxes on the same value of US products. "As usual, not a level playing field", Trump tweeted .

IRON FIST Teaser Reveals Season 2 Release Date
One interesting area of improvement; they've brought on Clayton Barber , the fight choreographer who worked on Black Panther . Mary Walker, the woman who becomes Typhoid Mary , has a tragic backstory involving her growing up in an abusive home.

Skydance Interactive Unveils The Walking Dead: Saints & Sinners Coming in 2019
In addition, a teaser and conference will be presented via a live Twitch stream on Thursday, July 19th, 2018, 12 pm PT/ 3 pm EST. The Walking Dead is going to get its first official VR game next year and it's titled "The Walking Dead: Saints & Sinners".

Roseanne defends tweet on YouTube, thought Valerie Jarrett was white she says
Roseanne Barr appears to be doubling down on the insults that resulted in ABC firing her and canceling her Roseanne reboot in May. She then sighs and exclaims, "That's what my tweet was about!" and he says again that she's "explained this literally 300 times".

Additional election security funding left out of bill passed Thursday
For my transgressions, I was summarily unelected from the Texas Legislature. "I always do what I believe is right", he wrote . Fifty-five percent of Republican voters polled said they supported the policy, while 35 percent said they did not support it.