US, China impose new round of tariffs

Chinese President Xi Jinping and US President Donald Trump

U.S. President Donald Trump has threatened to put duties on nearly all of the more than $500 billion in Chinese goods exported to the United States annually unless Beijing agrees to sweeping changes to its intellectual property practices, industrial subsidy programs and tariff structures, and buys more U.S. goods.

China's Commerce Ministry said in Beijing that it has filed a complaint with the World Trade Organization over the latest round of USA tariffs.

The latest action completes the first round of duties on $50 billion in Chinese products that President Donald Trump targeted. Those talks aren't expected to draw in senior decision-makers and are predicted only to result in a joint statement of productive discussions, according to a person familiar with the agenda. "We haven't seen that yet, but we are going to continue to encourage them to address problems that we have raised". However, US President Donald Trump said he wasn't expecting much from this week's negotiations.

The Peterson Institute for International Economics says almost all of the U.S. tariffs imposed on China to date are on intermediate goods and capital equipment needed by United States industry.

China has pledged to strike back at 650 different U.S. exports including hybrid electric and off road vehicles, dump trucks, asphalt, MRI machines and motorcycles, among other items on Thursday.

Beijing has denied United States allegations that it systematically forces the unfair transfer of USA technology, and has said that it adheres to World Trade Organisation rules. -China relations at the Center for Strategic and International Studies in Washington. They know it. We have a much stronger economy than they have.

Economists reckon that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent.

Al Jazeera's Adrian Brown, reporting from Beijing, said the latest tariffs come at a time of economic difficulty for China.

"China resolutely opposes this, and will continue to take necessary countermeasures", it said in a brief statement.

More news: Ukraine, Iran and human rights on agenda for talks with Putin: Merkel

The Treasury Department didn't respond to an emailed request for comment.

The White House chief also accused China of manipulating its yuan currency to make up for the effect of tariffs.

"I think the fact that they would send lower level folks suggests that they're not talking about the big things", former Commerce Secretary Carlos Gutierrez said Thursday on CNBC.

"Instead, these tariffs threaten to increase costs for American families and destroy the livelihoods of US workers", Gold said.

"The gulf between the Trump administration and the Chinese is as wide as the Pacific, and it looks like it's getting wider".

The initial list of USA demands presented to China in May included a call for a US$200 billion reduction in America's annual goods trade deficit with China by 2020 - which stood at about US$375 billion previous year - and an end to industrial policies that the USA claims violates global trading rules.

Ahead of the Washington talks, Chinese state TV mocked Mr. Trump with a sarcastic video posted on YouTube and other social media pages of its worldwide arm, China Global Television Network.

The administration has said it wants to avoid consumer products and target industries critical to China's economic future.

"We question the logic that short-term pain will lead to long-term benefits", Naomi Wilson, director of global policy, China & Greater Asia for the Information Technology Industry Council, testified Tuesday.

Related News:

  • Australia PM Malcolm Turnbull clinging on amid fresh leadership challenge threat

    Australia PM Malcolm Turnbull clinging on amid fresh leadership challenge threat

    A NEW poll shows WA MP Julie Bishop would easily be the people's choice as Prime Minister to Labor leader Bill Shorten. Malcolm Turnbull speaking to media at Parliament House in Canberra yesterday.
    U.S. pulls funding for Syria stabilization, citing allied cash

    U.S. pulls funding for Syria stabilization, citing allied cash

    Most of the money was pledged by Rex Tillerson in February, but was put under careful examination after he was sacked in March. The Trump administration is ending funding for Syria stabilization projects as it moves to extricate itself from the conflict.
    Pandya gets Root, England in deep trouble

    Pandya gets Root, England in deep trouble

    Down and out after losing the first two Test matches, India arrived at Trent Bridge with their backs to the wall. Rishabh Pant created history in his debut match by hitting a six on the second delivery of his Test career.
  • 1 dead, multiple human cases of West Nile virus reported in MI

    1 dead, multiple human cases of West Nile virus reported in MI

    This is more likely to occur in those over 50 years of age and those with medical conditions or weakened immune systems. West Nile is usually spread between birds by mosquitoes, which can also spread the virus to humans and other animals.
    Korean families separated by war reunite after 65 years

    Korean families separated by war reunite after 65 years

    After graduating from a Seoul university, Park's brother settled in the North Korean coastal town of Wonsan as a dentist in 1946. Before this week's reunions, about 23,500 Koreans attended reunions, some 19,800 in person and the others by video, since 2000.

    More US sanctions for Turkey if they don't obey

    Last week, Washington doubled steel and aluminum tariffs on Turkey over its continued detention of the US pastor Andrew Brunson . Al-Shehri said Ankara appeared to have blackmailed Qatar into supporting it. "Rates have gone up by 10 percent".
  • Muslims celebrate Eid al-Adha as pilgrims conduct Hajj

    Muslims celebrate Eid al-Adha as pilgrims conduct Hajj

    During Eid celebrations, Muslims greet each other by saying Eid Mubarak, which means "Blessed Eid". President Rodrigo Duterte has declared August 21 as a holiday in honor of Eid'l Adha.
    It will be tough for Trump's SEC to overhaul reporting rules

    It will be tough for Trump's SEC to overhaul reporting rules

    The SEC has been reluctant to make changes in quarterly reporting, which has always been a cornerstone of U.S. capital markets. While Trump can not force Clayton to make changes, as a matter of courtesy the SEC chairman may promise to study the issue.
    Trump Military Parade now Estimated to Cost $92 Million

    Trump Military Parade now Estimated to Cost $92 Million

    In September, Trump met with French President Emmanuel Macron and recalled how much he enjoyed watching the parade. It includes security, transportation of parade assets, aircraft, temporary duty for troops, as well as tanks.
  • Donald Trump attacks former personal lawyer Michael Cohen

    Donald Trump attacks former personal lawyer Michael Cohen

    President Trump held a rally Tuesday night but waited until Wednesday to respond to the legal troubles of two close associates. But for now, the focus is clearly on Cohen's case, and the implications it may or may not have for President Trump.
    We Fought Hard For Unai Emery At Chelsea, Arsenal Star Insists

    We Fought Hard For Unai Emery At Chelsea, Arsenal Star Insists

    Eden Hazard has become one of Chelsea's all-time greats, and these statistics really highlight that fact. "Everybody knows what I have said after the World Cup".
    Aquarius can't come to Italy - Salvini - English

    Aquarius can't come to Italy - Salvini - English

    Many recounted how they were "held in inhumane conditions in Libya", where human traffickers are based, the aid group said. Most of the group are from Somalia and Eritrea and include 67 unaccompanied minors and a pregnant woman.


Most liked

Trump Hits at South Africa for Allegedly Seizing Land from White Farmers
Yet returning to the theme on Thursday, Carlson defended his words from Wednesday's show and mocked the media response. South Africa's leading farming lobby group AgriSA on Thursday praised the government's "commitment to agriculture".

Trump’s coal plan-neither clean nor affordable
President Donald Trump is hoping to fire up coal country by lifting federal regulations on greenhouse gases from power plants. These cuts would have led to thousands of premature deaths avoided and major cuts in carbon emissions.

Sooners No. 7 in preseason AP poll, Cowboys unranked
This also represents the 60th time that Oklahoma has appeared in the preseason AP poll , second most behind Ohio State (65 times). While OSU opens at No. 5, it is the Wisconsin Badgers one spot ahead of them who take the top spot among B1G teams.

'Huge disaster': Over 800000 displaced in deadly Kerala flooding
Further, all police personnel of MP will donate 1 day's salary for the same objective : Madhya Pradesh DGP Rishi Kumar Shukla. The disastrous flood has claimed twenty-eight lives in Malappuram and 27 in Thrissur.

Federer to face Wawrinka in quarter-finals at rain-hit Cincinnati
The Romanian lost a title bid in Cincinnati in 2015 against Serena Williams and came up short a year ago to Garbine Muguruza. Djokovic completed his long recovery from elbow surgery by winning Wimbledon for the fourth time last month.

Nvidia's RTX 2080, RTX 2080 Ti Cards Arrive Sept. 20
The 2080 and 2080 Ti will be on shelves on September 20, while the 2070 will be available in October. The new NVIDIA GeForce RTX GPUs have reinvented graphics and set a new bar for performance.

Maurizio Sarri: Chelsea not yet Premier League contenders
In that 15 minutes, we were not able to do this, so we were in trouble. I made a decision to change because we needed more in the middle.

Brighton vs. Manchester United live stream
Brighton toppled United 1-0 on the south coast in May en route to a 15th-place finish in last term's Premier League . In the space of two minutes and 23 seconds during the first half, United went from control to calamity.

Death toll of Kabul attack on students revised down
IS, which considers Shias to be heretics, frequently targets them, attacking their mosques, schools and cultural centres. Mattis said Thursday some Taliban fighters were still holed up in houses in the city "trying to get resupplied".

Pearl Jam Slammed For Poster Showing Trump's Rotting Corpse
If anyone thinks Pearl Jam are going to do the opposite of Tom Petty and back down from this, they don't know them very well. Pearl Jam performed two shows last week in Seattle as benefit concerts to help combat the city's homelessness epidemic.

Pakistani lawmakers gather to elect Imran Khan as PM
The PPP and PML-N have dominated Pakistani politics for decades, governing several times in between periods of military rule. His only rival, Shahbaz Sharif of the ousted Pakistan Muslim League, won 96 votes, Qaiser said.

Stevie Wonder at Aretha Franklin's bedside
Waldron, who worked for the singer from 2014 to 2016, told the Detroit television station he's maintained a friendship with her. According to CNN's Don Lemon, a source close to the singer has said the star was receiving hospice care at her home in Detroit.

Aretha Franklin, "Queen of Soul", Dead at 76
With a clip from the memorable performance , The Independent notes Franklin hits the song's deceptively hard high notes easily . We have felt your love for Aretha and it brings us comfort to know that her legacy will live on.

Turkey will emerge stronger from lira crisis despite row with USA : minister
In his televised speech yesterday, Erdogan vowed that Turkey will "boycott United States electronic goods". Trump has repeatedly asked for Brunson's release, while Ankara said the decision was up to the court.

Kevin De Bruyne suffers knee injury at Manchester City training
According to the Daily Mirror , De Bruyne sustained a knee injury on Wednesday in training during an outdoor session. And De Bruyne's injury could present an opportunity for youngster Phil Foden. "We don't just rely on one player".