techkenyot.com
techkenyot.com September 19, 2018


White House announces additional $200B in tariffs targeting China

11 July 2018, 03:52 | Hattie Nash

White House announces additional $200B in tariffs targeting China

Shipping containers are seen at a port in Shanghai

The president last month asked the U.S. Trade Representative's office to identify US$200 billion of Chinese goods that could be hit with 10 percent tariffs.

The move escalates the trade war between the world's two largest economies.

The tariff list could be released as soon as Tuesday, and likely this week, the report said.

The U.S. said it had no choice but to move forward on the new tariffs after China failed to respond to the administration's concerns over unfair trade practices and Beijing's abuse of American intellectual property, according to two senior officials who spoke to reporters.

George Clooney 'has been injured in a bike accident in Sardinia'
Sardinia is a large Italian island in the Mediterranean Sea and is over 500 miles from Clooney's villa in Lake Como. An ambulance later took Clooney to the nearest hospital, according to Cicognani.

Just after midnight on July 6, the United States began collecting 25 percent tariffs on $34 billion in imports from China. China quickly responded by imposing tariffs on $34 billion in US products.

"This is an appropriate response ... to obtain the elimination of China's harmful industrial policies".

The Retail Industry Leaders Association, a lobby group representing the largest United States retailers, said: "The president has broken his promise to bring maximum pain on China, minimum pain on consumers". "This new round of proposed tariffs takes the fight onto yet another level from which it is going to be hard for either side to make a graceful retreat", said Eswar Prasad, former head of the International Monteary Fund's China division.

According to the Ministry of Commerce, China considered the substitution of imports and the overall impact on trade and investment while making up a list of U.S. goods hit by import duties.

Russian Federation 2018: Croatia Fear England’s Sterling In Semi-Final
England will face Croatia on Wednesday in their first World Cup semi-final match since 1990. It might even end with an England-France final.

The President, who blames China and other developing countries for hollowing out the US manufacturing sector, was elected in large part by promising to bring back factory jobs by going to war with trading partners.

The White House has complained that China has used predatory practices in a relentless push to grant Chinese companies an unfair advantage in the industries of the future, including robotics, electric cars and biopharmaceuticals.

Trump has been considering tariffs against China since his officials concluded in March that Beijing violates USA intellectual-property rights, such as by forcing American firms to hand over technology.

Trump says 'up to the people' whether to back Prime Minister May
Members signed on to the two percent benchmark in 2014 at the NATO Summit in Wales in response to Russia's annexation of Crimea. The NATO alliance has been critical to the USA since its formation in 1949 when it was created in response to the Soviet Union.



Other News

Trending Now

Trump administration freezes risk adjustment payments
Eventually, experts say, some insurers could simply get fed up and exit ObamaCare markets, leading to fewer choices for consumers. The agency says the court ruling also prevents it from collecting additional risk-adjustment funds until the issue is resolved.

Arsenal announce signing of Sampdoria midfielder Lucas Torreira
During his two years at Sampdoria after joining from Pescara, Torreira made 74 appearances and scored four goals for the club. The 19-year-old midfielder underwent a medical with the Gunners on Monday ahead of a £7 million move from Lorient.

Real Madrid's Ronaldo signs for Juventus
Cristiano Ronaldo has agreed to move to Juventus after nine years at Real Madrid , the La Liga side have confirmed. In an open letter, Ronaldo thanked the Madrid club and its fans for " nine wonderful years ." .

Kawhi Leonard Rumors: Spurs Star Will Only Join 1 Eastern Conference Team
Leonard played in only nine games in 2017-18, scoring 16.2 points a night, well below his average of 25.5 in 2016-17. But it's taking a lot longer to figure out which team Kawhi Leonard will end up playing for next season.

Vrsaljko hoping to be fit for World Cup semi-final
If they're similarly open against France , Les Bleus can punish them by displaying a more ruthless streak than Brazil did. England's Harry Kane will face off against Belgium's Romelu Lukaku in the World Cup final, according to Goldman Sachs.

Kylie Jenner Reveals She's Had Her Lip Filler Taken Out
We're loving her new look! "I prayed and prayed that she would have my big eyes, and she has the biggest eyes ever", she said . Kylie Jenner is known for her iconic pout and has been getting lip fillers since the age of 16.

History beckons as France take on Belgium
The FC Barcelona centre-back has a knee injury, and his availability will depend on a fitness test closer to kick-off. The attacker has been crucial to Belgium's run to the semi-finals, providing two goals and two assists for his side.

Chelsea: Gonzalo Higuain linked with £53m move to Stamford Bridge
Roman Abramovich ought to get this manager mess sorted or Chelsea risk being unprepared for the season ahead. Yes, here we are, with just over a month until the Premier League kicks off again.

Prince Louis' Godparents Revealed Ahead of Today's Christening
After Meghan Markle confirmed her father Thomas won't attend the wedding, Prince Charles offered to walk the bride down the aisle. Meghan was christened and confirmed in the oak-panelled Chapel Royal by the archbishop, who also married her and Harry in May.

Nobel widow Liu Xia leaves China after 8 years' house arrest
According to Liu Xia's friends, Liu Xia had previously hoped she and Liu Hui could be allowed to leave China together. China sentenced Liu Xiaobo in 2009 to 11 years' imprisonment on charges of inciting subversion of state power.