World Media

China vows to hit back over new United States tariffs

China vows to hit back over new United States tariffs

President Trump escalated his trade war with China Tuesday, identifying an additional $200 billion in Chinese products that he intends to hit with import tariffs. On Friday, the US slapped 25 percent taxes on $34 billion in Chinese imports, a lot of them are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing.

Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalized.

"For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition", Trade Representative Robert Lighthizer said in announcing the proposed tariffs.

China formally responded to the latest United States move on Wednesday, with a Chinese Ministry of Commerce spokesperson calling it "unacceptable". That would leave China only US$80 billion for further retaliation.

The Republican chairman of the U-S Senate Finance Committee says the move is reckless.

He said the administration should get back to the negotiating table with China.

A senior administration official told Fox News that China has been "non-responsive" to USA actions and has insisted that Beijing does not see any way America has been hurt by Chinese policies.

Meanwhile, farmers hurt by Chinese tariffs on USA agricultural exports pose a political risk for Mr. Trump and for Republicans, especially as the November midterm elections loom.

Woman poisoned with nerve agent in England dies
Basu said that Sturgess leaves behind three children, and offered thoughts and prayers for the woman's family. Two days later, the OPCW confirms Britain's findings on the nerve agent but does not apportion blame.

"It is totally unacceptable for American side to publish a tariff list in a way that is accelerating and escalating", said a Commerce Ministry statement.

This has raised concerns that China could retaliate with non-tariff trade measures. "What's next is not so much a trade war or even a cold war as the dawn of an ice age in relations between China and the United States".

The USTR will accept public comments and hold hearings August 20-23 before reaching a decision after August 31, according to a senior USA official who briefed reporters on condition of anonymity.

The US Chamber of Commerce has supported Trump's domestic tax cuts and efforts to reduce regulation of businesses, but it has been critical of Trump's aggressive tariff policies.

The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years.

"There certainly is going to be pronounced risks mainly because we have now moved on to the tit-for-tat-for-tit phase of it", said Vishnu Varathan, head of economics and strategy at Mizuho Bank in Singapore. "China has not changed its behaviour - behaviour that puts the future of the US economy at risk".

Financial markets could take a harder fall if China retaliates to the latest volley of US tariffs, as Beijing has vowed, according to research firm Capital Economics.


  • Michael Ondaatje's English Patient voted best Booker victor

    Michael Ondaatje's English Patient voted best Booker victor

    The organizing Committee praised her novel Flights ("Flights"), translated Jennifer Croft. Naipaul, while " Moon Tiger " by British writer Penelope Lively was the 1980s contender.
    People think David Davis secretly wrote 'It's coming home' in his resignation

    People think David Davis secretly wrote 'It's coming home' in his resignation

    Asked if Brexiteers needed to put the PM's future to a vote of the Conservative Party, he replied "it may well come to that". In her resignation letter she echoed the words of Sir Michael, saying her actions "fell below the high standards" expected.
    Is it already time to sing 'It's coming home'?

    Is it already time to sing 'It's coming home'?

    And Prince William wasn't the only royal who's been taking to social media in honour of England's World Cup success so far. And that is entirely thanks to " Three Lions ". 'This has been an incredible #WorldCup run and we've enjoyed every minute.
  • How to use Netflix’s new ‘Smart Downloads’ feature

    How to use Netflix’s new ‘Smart Downloads’ feature

    The feature won't have a major impact on device storage as it deletes the last watched episode before downloading the next one. Users will also be able to toggle the feature from the App Settings by tapping the Menu icon and selecting App Settings .
    Trump picks Kavanaugh for court, setting up fight with Dems

    Trump picks Kavanaugh for court, setting up fight with Dems

    Susan Collins to join with Democrats and block any Supreme Court justice nomination until the Russian investigation is complete. The New York Times reported he's a favorite of White House counsel Don McGahn, who's leading the search for Trump's nominee.
    New HIV vaccine tested on humans

    New HIV vaccine tested on humans

    In the meantime, the vaccine will be tested on women in South Africa, who are most at risk of contracting the virus. There has been a four decades long challenge to develop a vaccine against the deadly HIV virus that causes AIDS .
  • How to watch the semi-finals

    How to watch the semi-finals

    We will enjoy this game and hopefully we can make history". "If you're asking me a question in a one-off final can we do it?" France and Belgium are two attractive, entertaining sides with big names lining up on both ends of the field.
    Tour de France: BMC win stage three team time trial

    Tour de France: BMC win stage three team time trial

    On Tuesday, the Tour will head to Brittany, as the riders start in La Baule and end in Sarzeau after a 195-kilometre route. Porte's BMC team had been expected to make up for their disappointing first day when their Australian leader fell.
    Trump plays up suspense over momentous Supreme Court nomination

    Trump plays up suspense over momentous Supreme Court nomination

    Court of Appeals for the 3rd Circuit, where he served at one time with Trump's sister, Judge Maryanne Trump Barry. Previously, Collins voted for Gorsuch because of his belief in the significance of precedent.
  • Lakers announce LeBron James has signed

    Lakers announce LeBron James has signed

    Pelinka echoed that by saying "This is a historic moment for the Lakers, and we could not feel more grateful and honored". Rob Pelinka is scheduled to have an official press conference on Wednesday to discuss the free agent signings.
    Rockets reportedly 'determined' to sign Carmelo Anthony

    Rockets reportedly 'determined' to sign Carmelo Anthony

    First, it was Trevor Ariza bolting for a one-year, $15 million in Phoenix, leaving them without their veteran wing starter. Per the report, he has already met with the Houston Rockets and Miami Heat in Las Vegas over the last few days.
    All The Royal Fashion From Prince Louis' Christening

    All The Royal Fashion From Prince Louis' Christening

    The Queen , 92, and the Duke of Edinburgh, 97, did not attend, in what was described as a "mutual decision" made some time ago. Justin Welby, presided over Louis' christening , just as he did for Meghan's baptism and confirmation.