August 20, 2018

Chinese state media accuse US of 'mobster mentality', vow to fight tariffs

11 August 2018, 08:03 | Hattie Nash

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"ISRI is already hearing from contacts in China that the announcement has caused consternation among Chinese consumers of US scrap commodities", said ISRI in a statement.

Still, China seems to take its retaliations quite sternly despite the fact that its exports to the USA are worth US$505.5 billion of products versus the United States' US$129.9 billion of American goods exported to China. He pointed to the fall in Chinse stock markets, down by more than 25 percent so far this year, and the fall in its currency, the yuan.

China's next trade war reload will hit virtually all goods imports from the US, but also extend into services such as reductions in student and tourist numbers and regulatory moves against USA firms operating in China, as hinted to in the Apple threat. "But some of these projects will struggle to attract financing if (China) goes ahead and raises tariff barriers on U.S. LNG", Brennan wrote in a Tuesday note.

For 45 states, China is in the top three. Beijing's retaliatory move was a "necessary response" to "safeguard its legitimate interests", the ministry said on its website.

Simpson in hot seat for US Ryder Cup team
Garcia has but one top 10 in his last 11 global starts, that coming at the French Open in July, where he tied for eighth. It was just a reality that his status as one of the greatest golfers ensured a hoopla of distractions wherever he went.

A possible bright spot is that China may buy more oil from Brazil, which involves longer journey times.

China says it can weather the storm and official data on Wednesday backed up that claim. In 2017, the Administration launched a self-initiated Section 301 investigation with an in-depth probe into Chinese practices related to forced technology transfer, unfair licensing and intellectual property (IP) policies and practices. They also hurt everyone.

The iPhone maker relies upon China for one-fifth of its $229 billion in annual revenue, "leaving it exposed if Chinese people make it a target of anger and nationalist sentiment", warned a commentary in state-owned China Daily.

"There are only two hard outcomes so far and China's winning 2-0", Moon said. "President Trump is keeping his promises to the American people on trade, from withdrawing the United States from the flawed Trans-Pacific Partnership, to renegotiating NAFTA, to strongly enforcing USA trade laws", said Lighthizer.

Endangered orca that sparked international rescue plan spotted in BC waters
Cottrell says Canadian vessels are out on the waters off southwestern Vancouver Island but heavy fog is making the search hard . Fisheries and Oceans Canada received the proposed rescue plan for its American counterparts on Friday, he said.

"We have seen reports over the last week that China is reaching out and prepared to do more on opening its market".

According to a Wall Street Journal article, if the tariff threat is carried through the South Korean parliament will not ratify the US-Korea trade deal announced earlier this year. It stated that the US-China conflict could reduce world output by 0.7 percent by 2020, with China's economy slowing by 1.3 percent and the US by 1 percent.

The slight pick-up likely reflected some teapot plants returning from maintenance, while refining margins also improved thanks to higher domestic fuel prices, said James Gao of consultancy China Sublime Information Group.

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