techkenyot.com
techkenyot.com February 15, 2019


Trump’s trade war: what is it and which products are affected?

09 July 2018, 03:37 | Hattie Nash

Trump’s trade war: what is it and which products are affected?

A US flag is seen during a welcoming ceremony in Beijing China

On Friday, China's foreign ministry in Beijing immediately retaliated by imposing additional tariffs for US products worth about $34 billion.

Beijing insists it's the injured party. This is the time of year, he said, when Chinese soy product producers switch from American soy to Brazilian soybeans as they are further along in their growing season.

The negotiations began in August but have stalled over US demands created to discourage investment in Mexico and to shift auto production back to the United States.

Dennis Riggs, 63, who farms south of Sidney, said numerous investments he has been wanting to make on his farm are now "out of the question", because China launched its own set of tariffs on American goods like soybeans, corn, pork and poultry in retaliation.

Trump's tariffs on the EU, Canada and Mexico are for as much as 25% on imports of steel and aluminium, which the United States has imposed on grounds of national security.

Barca Star Confirms Offer From China
I don't know if China . "I have an offer from China and another from another club, although it is not certain that I will go". Barcelona midfielder Paulinho has confirmed he has an offer to return to the Chinese Super League .

"John Heisdorffer, an Iowa soybean farmer and president of the ASA, warned of the impact of the tariffs on farmers".

Trump has enraged such USA allies as the European Union, Canada and Mexico by hitting them - and just about everyone else - with a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum.

American companies doing business in China are particularly anxious. "Soybean demand is there, and it's really, really big as soybeans go into different channels".

He described the potential escalation to reporters aboard Air Force One: "Thirty-four, and then you have another 16 in two weeks and then, as you know, we have 200 billion in abeyance and then after the 200 billion we have 300 billion in abeyance. OK?"

Trump also said the USA is ready to target an additional $200bn in Chinese imports - and then $300bn more - if Beijing does not yield to U.S. demands and continues to retaliate. What galls them most is the president's justification: Using a little-used weapon in US trade law, he has declared that the imported metals are a threat to America's national security.

Elon Musk shares video of 'kid-size' submarine for Thai cave rescue
Several of the boys emerged from the cave on Sunday , about eight hours after 18 divers began their operation to free them. They eventually found a dry landing spot, where they waited for nine days before being found by two British divers.

Among the American goods affected are soybeans.

Why is the United States imposing tariffs?

When it comes to China, Trump believes Beijing is using "unfair" trade practices to gain an advantage on the United States, including lax observation of intellectual property law. "China trade war, and let's hope it's not Fort Sumter", the piece began. Trump has added to the tension by threatening new tariffs on cars.

Beijing hit back on Friday with tariffs worth $34bn and has said it will match Trump's $50bn threat. The damage could also spread to other economies, hurting business confidence and prompting companies to delay investments. "At that point, the U.S. will be more interested in negotiations, and the Chinese side will also want to come to the table". "You tax soybean exports at 25-percent, and you have serious damage to US farmers".

Analysts say China is unlikely to budge on those plans, which it sees as crucial for developing its huge economy.

Simpson flirts with 59 on way to 61 and Greenbrier lead
The shot landed on a hillside. "Yeah, today was a little tougher than yesterday", said the recent Players Championship victor . Watson, who 11 days ago collected a PGA Tour-leading third win of the season, said he was not content to rest on his laurels.

In January 2018, the Trump Administration found that China's overproduction of steel and aluminum, and the resulting impact on global markets, is a circumstance that threatens to impair America's national security. "And so I'd expect the two sides to pursue some sort of face-saving deal that looks good on paper but is not enduring".



Other News

Trending Now

Ten killed, dozens injured in Turkey train derailment
In January 2008, nine people were killed when a train derailed in the Kutahya region south of Istanbul due to faulty rails. Television footage shows rescuers heading to the crash site, and victims pulled from the carriages.

Iran Executes Eight Terrorists Over Deadly ISIS Attacks In Tehran
The Iranian government has been battling ISIS for over three years both inside Iraq and in Syria. Meanwhile, Qassemi said that economic ties between Iran and Germany are on their normal path.

Duterte: I stopped being a Catholic after being molested
Sabihin niya, 'Mayor, utos kasi ng mga ugok diyan sa simbahan na pumunta ako ng langit kausapin ko ang Diyos". If Duterte still considers himself Catholic, they said, then "he committed blasphemy".

No one gains in a trade war: Chinese premier
During the week-long trip, the Premier will attend the 7th summit of Central and Eastern Europe (CEE) countries and China in the Bulgarian capital of Sofia .

Chlorine used for chemical weapons attack in Syria's Douma - OPCW interim report
Close to the location of each cylinder there were crater-like openings in the respective reinforced concrete roofs. Work by the team to establish the significance of these results is on-going.

David Davis resigns as Brexit secretary
He added he would "listen to what the Prime Minister has got to say on Monday evening at the 1922 Committee " before deciding what action to take.

F1 Mercedes Lewis Hamilton questions Ferrari tactics after British Grand Prix crash
An instant classic: This season's races seem to be swinging between boring processions and brilliant, memorable duels for the win. Raikkonen was alongside on the inside heading into Turn 3 but Hamilton braked later, leaving space for the Ferrari at the apex.

Drunk gulls found ‘stinking of alcohol’
Anyone who has any concerns for the welfare of a bird or any animal can contact the RSPCA's 24-hour helpline on 0300 1234 999. RSPCA officers Jo Daniel, Clara Scully and Paul Adams have collected several seagulls with the same symptoms in recent weeks.

England's Gareth Southgate: Young squad 'not the finished article' yet
We wanted to play good football, work hard, play with passion and I feel like we have done that so we are enjoying it. So we had a little chat after my debut and obviously you feel the pressure, you feel the nerves.

Gal Gadot Visited a Children's Hospital Dressed Up as Wonder Woman
Gadot's visit to the hospital isn't the first time the Wonder Woman star has played real-life hero for children, either. Director Patty Jenkins released on Twitter a photo of Minerva uncomfortably looking around a natural history museum.