Trump imposes tariffs on $200B more of Chinese goods

Steel pipes to be exported are seen at a port in Lianyungang Jiangsu province China

Trump said his administration is taking this action as a result of the Section 301 process that the USTR has been pursuing for more than 12 months.

Carla Hills, US trade representative from 1989 to 1993 under George H.W. Bush, took aim at the Trump administration's disdain for multilateral agreements. Executives complained the tariffs would make their products more expensive, costing them sales.

Trump said the tariffs aim to force a change in Chinese trade policies that he said posed "a grave threat to the long-term health and prosperity of the United States economy".

As I've previously discussed, Chinese markets are more sensitive to a USA trade war than US markets are, which makes it more likely that the United States will be able to successfully gain some concessions from the Chinese and thus eventually put an end to the trade conflicts. It will cost jobs and economic growth even though China is now far less reliant on exports than it once was.

Trump has said he will no longer allow China to take advantage of the United States on trade, though opposition to escalating tariffs has swelled in recent weeks within US business circles.

Besides retaliating with tariffs, China could also restrict export of goods, raw materials and components core to USA manufacturing supply chains, former finance minister Lou Jiwei told a Beijing forum on Sunday, according to an attendee.

"China has had many opportunities to fully address our concerns", Trump said. I have a lot of respect for China.

"So we've negotiated and negotiated and negotiated and given them chance after chance after chance".

US President Donald Trump on Monday hailed his aggressive use of tariffs as a success for American business, amidst reports he plans to drastically ratchet up the battle with Beijing imminently.

Unlike the previous rounds of tariffs - which targeted industrial goods - this tranche will affect consumer products and could lead to price rises for items such as air conditioners, spark plugs, furniture and lamps.

Deadly Typhoon Mangkhut lashes Hong Kong, China; dozens dead in Philippines
While it avoided a direct hit, winds there reached more than 110mph and water levels surged by nearly 3.5m in places. In the Philippines, where most of the deaths have occurred, a landslide caused by the storm is mainly to blame.

WKYT to hold 'Kentucky Cares' relief drive for Hurricane Florence victims
The organization will be opening a shelter at Central Baptist Church, located in West Knoxville at 6300 Deane Hill Drive. What a difference a few days makes for the American Red Cross' Guy Triano and everyone else now in Florence's path.

Asia Argento Threatens #MeToo Activist Rose McGowan With Lawsuit
It is with genuine regret that I am giving you 24 hours to retract and apologise for the horrendous lies made against me. The Grindhouse actress is yet to publicly respond to the legal threat.

"We have no problem with China trying to grow its economy, trying to lift its people out of poverty, that's a good thing". But, in doing so, they can't take actions that deliberately discriminate against other countries; actions that hurt American workers.

China is a key supplier of minor metals and rare earths used in consumer electronics and other goods.

Speaking Sunday at an economics forum, Lou Jiwei, a former finance minister and chairman of China's sovereign wealth fund, said Beijing should disrupt supply chains of American companies that rely on China's vast manufacturing industries, the website reported.

Mr. Trump said China has been "unfair" for months.

At the same time, the official said, the U.S. remains open to negotiations.

China's Foreign Ministry said it welcomed the invitation, but Trump later raised questions about it, saying on Twitter that he was under no pressure to make a deal with Beijing and that the United States "will soon be taking in Billions in Tariffs & making products at home".

It is that simplistic (some might say ignorant) view of trade that has led the U.S. into trade confrontations with China, with its North American Free Trade Agreement partners Canada and Mexico, with South Korea and with Europe.

Its own long-term economic and strategic ambitions and its domestic political stability make it hard for China's President Xi Jinping to be seen to be intimidated into conceding to the U.S. actions and threats.

They officials told reporters the lower initial tariff rate would give USA businesses time to find new suppliers.

Related News:

Most liked

Roseanne: My character gets killed off 'The Conners' by opioid overdose
Barr's former cast members Goodman, Sara Gilbert , and Laurie Metcalf are returning for " The Conners ". It seems possible that her character is going to be killed off, but nothing has been confirmed.

Trump declassifies documents related to Russian Federation probe
The White House said the order was for " reasons of transparency" and at the request of several committees in Congress. It's not yet clear when and how the declassified documents and texts will be released.

Emmy full of upsets. Marvelous Mrs Maisel dominates
Mrs Maisel is also a front-runner for best comedy series, which will be presented at the end of the three-hour awards show. No surprise there, as the veteran actor - best known for playing Fonzie in Happy Days - was a firm favourite.

Van Bommel won't change his tactics for Barcelona
Bale was coy on the question of whether or not his goal was superior to Ronaldo's, saying: "It's not for me to say!" Lozano earned his nickname "Chucky" for his habit of jumping out of hiding places to scare teammates on road trips.

Che and Jost poke fun at 'Roseanne,' Trump in opening Emmys monologue
Hulu's 2017 win for its grimly futuristic "The Handmaid's Tale" marked the first time a streaming platform had triumphed in the prestigious category.

BoB, Dena, Vijaya Bank lined up for amalgamation
While the employees interest will be protected, brand equity will be preserved, he said. "Many banks were in a fragile condition". The other members of the panel include Railways Minister Piyush Goyal and Defence Minister Nirmala Sitharaman.

Time magazine sold for $190 million to tech couple
Meredith bought Time magazine and the rest of Time Inc. last November. The Time deal is slated to close in the next 30 days.

Russian Federation loses contact with aircraft with 14 on board in Syria
However, many of those attacks have failed as Syrian defense system has managed to shoot down missiles fired by the Israelis. Syrian media has stated that a "number of missiles" have been shot down by its air defence network.

4 killed, 3.11 million evacuated as Typhoon Mangkhut lashes China
About 63,000 people have been affected, and the damage has not yet been fully assessed as numerous worst-hit areas are rural. In Macau's inner harbor district, the water level reached 1.5 meters (5 feet) on Sunday and was expected to rise further.

Seattle Seahawks @ Chicago Bears
The maintenance for Long is the continuation of a trend from training camp, with the Bears taking precautions for his health. Many believe he can eventually adopt the role that Paul Richardson held for the Seahawks last season.

Elon Musk's SpaceX to name first passenger for moon voyage
Also unknown is how much the amateur astronaut will pay for the trip. "Find out who's flying and why on Monday, September 17". Again, Musk's SpaceX will announce the identity of the Big Falcon Rocket traveler tonight at 6 p.m.

Apple's AirPower Delayed Due to Overheating, Interference Issues: Sonny Dickson
The report says that AirPower has between 21 and 24 power coils of three sizes to charge the three device types. Needless to say, this is causing interference issues, and issues with communication between devices.

Chrissy Teigen Reveals How Her Last Name Is Actually Pronounced
This seems like an obvious point, but it turns out we've been mispronouncing the author and singer's last names for years . She also posted a video of herself saying it, and asking her mom in the background to confirm that "tie-gen" was right.

Elon Musk may face more than one lawsuit from British rescue diver
Musk resides in California and his two companies, SpaceX and Tesla are headquartered in the state. Tesla has been starting to experience delivery delays in recent months.

Browns to replace Gonzalez with Joseph at kicker
The missed field goals were Gonzalez's second and third misses of the season. Joseph, an undrafted rookie, spent training camp with the Miami Dolphins.