Apr 06 2018
"On Sino-US trade, China has made its position very clear".
US President Donald Trump vowed on Thursday to double down in his tit-for-tat trade rift with China by imposing further tariffs of up to $100 billion (€82 billion) on Chinese imports.
The latest escalation comes after the USA on Tuesday said it would impose 25 per cent duties on $50 billion of imports from China, and China quickly retaliated by listing $50 billion United States of products that it could hit with its own 25 per cent tariffs.
A USTR spokeswoman said that the $100 billion second-round of potential tariffs had not been determined yet and would be selected by USTR career staff - not political appointees - along with economists and trade experts.
"This is what a trade war looks like, and what we have warned against from the start", he said.
"If the U.S. disregards the objections of China and the global community and persists in unilateralism and trade protectionism, the Chinese side will follow through to the end and fight back resolutely", Lu said. He told reporters there is "nothing around the corner" regarding any concrete tariff plans.
Despite Trump's double-down on tariffs, US Steel is down Friday. In the past, Trump has repeatedly referred to cybertheft and a Chinese rule that forces US companies to hand over proprietary technology if they seek to gain access to the Chinese market.
Shanghai crude futures trading will resume on Monday after public holidays in China. "This is the dumbest possible way to do this", said the lawmaker from the farm-belt state of Nebraska.
Against the yen, which as a safe haven currency tends to be among the most sensitive to global economic uncertainty, the dollar fell marginally.
"President Trump is the solution", said Kudlow.
"While the USA has legitimate complaints about China's treatment of [intellectual property], by responding with trade sanctions it has allowed China to present the U.S.as the trade aggressor", wrote Simon Baptist, Asia managing director and chief economist at the Economist Intelligence Unit, in a statement.
The President took to Twitter and a radio interview to make his case after he threatened tariffs on $100 billion more in Chinese goods.
The clash reflects the tension between Trump's promises to narrow a US trade deficit with China that stood at $375.2 billion in goods a year ago and the ruling Communist Party's development ambitions.
"I am committed to enabling American companies and workers to compete on a level playing field around the world, and I will never allow unfair trade practices to undermine American interests".
On April 3, the US Trade Representative (USTR) had announced the 25 per cent tariffs on imports from China as an initial means to obtain the elimination of policies and practices identified in its investigation. Beijing's most powerful weapon - harming prominent companies to make President Trump lose face with the US business community - has barely been touched so far in this conflict.
Trump also instructed his Secretary of Agriculture to "implement a plan to protect our farmers".
He also left the door open for further talks with the Chinese government.
Mr Trump's protectionist agenda is aimed at saving United States jobs and closing what he sees as a $504bn trade gap with China and deficits with other major economies.
With administration officials sounding conciliatory one day and more hostile the next and the president always quick to fire off another tweet, investors simply don't know what the USA wants to achieve, said Katie Nixon, chief investment officer for Northern Trust Wealth Management.
Some analysts have speculated the two countries could reach a detente before the tariffs on both sides take effect.
In the latest sign of an emerging trade war, President Donald Trump is proposing even more tariffs against China.
Apr 06 2018
Kevin De Bruyne: 'I only spoke to Jose Mourinho twice at Chelsea'
Following a successful league form , the visitors will be looking forward to registering a famous win over the deflated City side. The Red Devils now occupy the second spot with 68 points, but a defeat on Saturday could see them slip down the table.
Apr 06 2018
Jordan Spieth storms to front on day one of Masters
You have a lot of uneven lies and sloping greens, so you have to play a lot off of feel and what that lie gives you. It's a safe bet that Finau is the only player in the field who had an MRI before going to the course Thursday.
Apr 05 2018
Notre Dame women steal NCAA title with 2nd shot of a lifetime
Friday night against CT , her dagger jump shot while straddling the three-point line hit the twine with one full second left. For the second time in program history, Notre Dame brought home a National Championship defeating Mississippi State 61-58.
Apr 05 2018
In Tribute to Winnie Madikizela-Mandela, 'Mother of South Africa'
Your legacy will be an uplifting beacon from which we can continue to draw guidance and strength during hard times. Winnie Madikizila Mandela, 81, died on April 2 in a Johannesburg Hospital after a protracted illness.
Apr 05 2018
Liverpool boss Jurgen Klopp sorry over Man City bus attack
In the second half we reacted. "We've won the game in the first half and then had to defend well in the second". "I didn't expect that".
Apr 05 2018
Oklahoma teachers walk out for second day
Oklahoma is dealing with a severe teacher shortage, and many districts have moved to four-day school weeks in order to save money. This year's wave of teacher rebellions began in West Virginia , where teachers won a 5 percent pay raise after a historic strike.
Apr 05 2018
Augusta Masters: Five golfers to watch
A 30-year-old firefighter from Brockton, Mass., Parziale had the honors for the most pressure-packed tee shot imaginable. Through his 79 PGA Tour wins and 14 majors, it is easy to say that Woods was a force to be reckoned with.
Apr 04 2018
Patriots trade Brandin Cooks to Rams for 1st-round pick
Also, for fans who thought that maybe an offensive lineman, one who might push some of the age at center or tackle, is also gone. He's recorded three consecutive 1,000-yard seasons and should become a prime target in L.A. for young quarterback Jared Goff .
Apr 04 2018
South Africa Pays Tribute To Winnie Mandela
Those who she didn't want to sit next to her because of the things they did to her, we'll be monitoring them closely. In 1993, Winnie Mandela was elected as the president of the African National Congress (ANC) Women's League.
Apr 03 2018
Cambridgegate: Is Facebook Being Framed?
But how many second chances will we keep giving it? Zuckerberg tells CNN that "I'm really sorry that this happened". Zuckerberg told Vox , however, that Facebook is dedicated "serving people", despite its reliance on advertising.
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