China vows to retaliate 'immediately' to U.S. tariffs

China urges U.S. to make 'wise choice' on trade tariffs

Trump to impose 25 percent tariff on $50 billion in Chinese products, broadening the trade war

"Moving forward with tariffs on goods imported from China will harm US consumers and businesses, and will fail to change China's discriminatory and damaging trade practices", Dean Garfield, CEO of the Information Technology Industry Council (ITI), said in a statement last month.

US President Donald Trump will meet his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, a senior White House official said.

U.S. President Donald Trump has made a decision to impose tariffs on about US$50 billion in Chinese imports, according to two people familiar with the matter, in a move likely to escalate trade tensions between the world's two biggest economies.

The US's initial list of Chinese goods to impose tariffs against included a wide array of products such as raw materials, construction machinery, agricultural equipment, electronics, medical devices, and consumer goods.

Trump, in his press conference in Singapore on Tuesday, said the USA has a "tremendous deficit in trade with China and we have to do something about it".

Merkel coalition at risk as talks on refugee policy falter
If Seehofer goes ahead on Monday, that would leave Merkel with two choices, both of which could spell the end of her 13-year rule. The conflict that erupted over the plan jeopardized the coalition government, which has been functioning for only three months.

Secretary of State Mike Pompeo raised the trade issue directly with China today, when he met in Beijing with President Xi Jinping and other officials, the State Department said.

Trump no longer believes that Beijing's influence over North Korea is a compelling reason to ease up on trade talks, now that his administration has opened up a direct line of communication with the nuclear-armed country, the first administration official said.

Mr Trump on Tuesday thanked China for tightening its sanctions on trade with North Korea, arguing that the economic pressure along North Korea's north-west border had helped bring Mr Kim to the negotiating table. "There is still more work to be done by China and the United States to get to the ultimate outcome".

"We hope the USA side can meet China halfway and earnestly implement this important consensus, and promote the appropriate resolution of the relevant issue through a win-win and not lose-lose manner", he said.

China and other nations should join together to counter Trump's aggressive trade policies, the state-run China Daily said on Friday, repeating past threats to retaliate in kind. "We had good and constructive discussions", he said.

England to start Jesse Lingard, Ashley Young and Harry Maguire vs Tunisia
All eyes will be on Rashford during the 15-minute segment of England training open to the media today as he renews his push for a starting berth against Tunisia.

A spokesman for China's Foreign Ministry reiterated at a briefing in Beijing yesterday that previous progress in trade talks will be lost if the USA introduces new tariffs.

The president has blamed China for the loss of 60,000 US factories and 6 million American jobs, numbers most economists regard as including the effects of increased manufacturing automation.

A Wall Street Journal report warned that the United States decision could become the start of a tit-for-tat series of retaliatory moves. Officials would not say whether Pompeo explicitly informed the Chinese that the tariffs would be coming imminently. Economists expect the direct impact on the USA economy to be modest. "I don't think they would cower or immediately run to the negotiating table to throw themselves at the mercy of Donald Trump", Kennedy said. The U.S. tariffs are designed specifically to punish China for forcing American companies to hand over technology in exchange for access to the Chinese market.

"President Trump asked me to send his regards".

G7 hangover drags the price of oil lower
That's why modest production declines in Venezuela and Iran can have outsized influences on global oil prices. And the USA reportedly supports the output increase as gasoline prices surge to three year highs.

Latest News