China vows retaliation for latest $200bn United States tariff threat

Beijing

President Donald Trump's administration has released a list of proposed tariffs on United States dollars 200 billion worth of Chinese goods, affecting a wide range of sectors and including seafood products. The business group says European companies that export from China are changing the global flow of their goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.

It also includes consumer goods ranging from vehicle tires, furniture, wood products, handbags and suitcases, to dog and cat food, baseball gloves, carpets, doors, bicycles, skis, golf bags, toilet paper and beauty products.

The US Chamber of Commerce, which has supported Trump's tax cuts and efforts to reduce regulation of businesses, also criticised the administration's move.

This most recent maneuver follows a threat President Trump made last month, and comes days after the USA and China imposed tit-for-tat tariffs on more than $30 billion in goods.

Washington chose to impose the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.

"We will take firm and forceful measures", Hua Chunying, a Chinese Foreign Ministry spokesperson, said of the latest round of tariffs but gave no other details of what exactly Beijing plans to do in response.

The tariffs will not be imposed until after a two-month period of public comment on the proposed list, but some United States business groups and senior lawmakers were quick to criticize the move. Malmström says its "well known" that the USA agriculture sector is one of the "few groups with political clout to bring about change in Washington", adding "it's no coincidence" that the EU, Mexico and Canada are targeting US agriculture products in response to the Trump steel and aluminum tariffs.

U.S., North Korea to meet on Sunday over war remains
The goal of Pompeo's latest trip to Pyongyang was to negotiate the details of the nuclear agreement Trump signed along with Kim. In the Twitter post , Trump hailed the letter, saying, " A very nice note from Chairman Kim of North Korea .

The list covers some $200 billion in Chinese exports that could be hit by a 10 percent tariff. Before now, the administration had scrupulously avoided slapping tariffs on consumer goods in order to spare USA shoppers from direct economic pain.

He said the plastics industry needs a "reliable, rational approach to trade". In a statement, it called the US actions "completely unacceptable".

The additional tariffs could affect as much as $468bn in trade between the two countries, with the possibility of an ever more expansive levies that US President Donald Trump threatened to impose on China. "They're getting increasingly anxious about where this is all going", Ed Brzytwa, director of worldwide trade for the American Chemistry Council, which represents chemical companies, told the BBC on Tuesday before the latest measures were announced.

"China has no option but to fight fire with fire".

The Trump administration's latest shot in the trade war with China has sent shudders through global financial markets.

On top of this, these tariffs are eliminating numerous economic gains created by last year's tax reform.

The United States complained China used predatory practices in a push to challenge American technological dominance. "So, now he's fighting two wars and that's a bit complicated", Tal said.

Related News:



Most liked

President claims victory in battle over North Atlantic Treaty Organisation cash
After the morning's drama, reporters were left to sort out just how far Trump was willing to push in his negotiations with allies. President Donald Trump into hiking military spending, saying that his country would make its own "sovereign" decisions.

Nawaz Sharif, Maryam arrested, shifted to Adiala jail
Nawaz Sharif and Maryam Nawaz arrived in London prior to Eid-ul-Fitr and are now there due to Kulsoom Nawaz's prolonged illness. Police have virtually put Lahore on lockdown as scores of Sharif's supporters clashed with police in the evening.

Woman Unknowingly Drives 'Stolen' Car for 2 Weeks
Keyless cars can be operated as long as the key fob is located inside the auto , which was the case in this circumstance. Not realizing it was a Nissan Infiniti instead of the Sentra, she drove off in the wrong vehicle .

SpaceX will launch the Israeli station on the moon
The rocket will deliver the apparatus to a height of 60 thousand km, and it will be released on elliptical path around the Earth. The collected data will be transmitted to IAI control room for the next two days after the landing.

Significant reason Kate Middleton has always worn white at christenings
Robert Carter (or Hannah Gillingham, Middleton's college friend) and Lucy Middleton (the duchess' cousin). On Monday, Prince Louis was christened at the Chapel Royal in St James's Palace surrounded by his family.

Papa John's to stop using founder Schnatter's image in marketing campaigns
And Major League Baseball has indefinitely suspended its "Papa Slam" promotion with Papa John's, Yahoo Sports reported. Mr Schnatter quit as chief executive previous year after criticising the NFL over players' national anthem protests.

Queen attends Westminster Abbey service to commemorate RAF's centenary
Hundreds of incredible images poured in following the stunning display, which was watched from the balcony by the Royal Family . Meghan wore a black Dior dress with a boatneck neckline and a matching Stephen Jones fascinator.

Rep. Gohmert's comments about Strzok's infidelity prompt charges of hypocrisy against GOP
On Thursday, Strzok said the message was written late at night after Trump's campaign comments disparaging a slain USA soldier. At one point, Goodlatte told Strzok he could only consult with his own lawyer, not an Federal Bureau of Investigation lawyer.

Russian intelligence officers indicted for hacking into DNC, Clinton campaign
The charges include conspiracy to commit an offense against the US , aggravated identity theft and conspiracy to launder money. Rosenstein said there is no allegation that US citizens were involved in the alleged crimes described in the indictment.

Chelsea fire manager Antonio Conte after two years in charge
The 48-year-old Italian, who returned to pre-season training this week, had one year remaining on his contract. Premier League giants Chelsea have announced the sacking of Antonio Conte .

Has President Trump Gone Easy on Putin and Russian Federation ?
Instead "maybe he should ask Putin to turn over the 12 people indicted to the United States for trial", Podesta said. President Donald Trump during their bilateral meeting at the G20 summit in Hamburg, Germany, July 7, 2017.

Bottom and rear of Galaxy Note 9 seen in leaked poster
Also, the fact that Ice Universe , a well-known Samsung leaker, posted it on Twitter is one more reason to trust it. A recent image leak also showed Samsung ditching physical buttons in favor of on-screen navigation buttons.

Meghan Markle wears special Roland Mouret dress out in Dublin
Royal fan, Fiona Moore, welcomed the couple to the Emerald Isle and revealed how she chatted to Meghan about the Netflix hit. Meanwhile, there are rumours that the Duke and Duchess of Sussex are planning to have their own children soon.

Parents of Thai cave rescue boy give thanks to God
At a school opposite the hospital in Chiang Rai where the boys are recovering, schoolchildren were in an excited, celebratory mood.

Cancer Lawsuit Against Agrochemical Company Monsanto Proceeds to Trial
But serious doubts remain as the World Health Organization in 2015 classified glyphosate as "probably carcinogenic to humans". Johnson's cancer", Lombardi said during his opening statement.