United States sets date for additional China tariffs
United States sets date for additional China tariffs
Cars to be exported are seen at a port in Lianyungang Jiangsu province China
09 August, 2018, 04:38
The world's two biggest economies are locked in a trade dispute over Washington's charges that China uses predatory tactics in a drive to supplant USA technological supremacy.
Beijing has announced plans to retaliate immediately against the latest round of United States tariffs on Chinese imports by slapping a wide range of American products, worth $16 billion, with a 25 percent levy.
Last month, the USA imposed duties of 25 percent on Chinese imports worth $34bn. China's latest tariffs will be implemented on August 23, in tandem with the U.S.
"[The] trade data don't show any significant impact from the first round of USA tariffs", Julian Evans-Pritchard, senior China economist at Capital Economics, said in a note to investors. The Chinese list covers coal, oil, chemicals and some medical equipment.
The US is also considering further tariffs on another $200bn worth of Chinese goods which could come into effect in September.
Washington applied a 25% tariff on Chinese imports including airplane tires and various industrial parts.
In July, the Chinese trade surplus with the U.S. dropped three percent, reports South China Morning Post.
The United States has stepped up its trade war with China... by announcing a new round of tariffs.
The US announced earlier this week that its own tariffs on US$16 billion of Chinese goods would start on Aug.23.
The markets will turn weaker if the tariff damage starts to show up in US inventories numbers, but since Chinese refiners had been limited buyers since early July, it may not show up in the numbers for weeks.
The world's two biggest economies are locked in a trade dispute.
The absence of China, the largest buyer of USA crude after Canada, is likely to partly weigh on US spot crude prices, making them more affordable for other buyers in Asia.
China's imports rose 27.3 percent year-on-year in July, in a sign domestic demand remains solid, but the worry is that the escalating Sino-U.S. trade war, rising corporate bankruptcies, and a steep decline in the yuan could put a significant dent on the economy.
Negotiations broke off after the Trump administration imposed the tariffs on $34 billion in Chinese imports, a move the Chinese said would void any promises they'd made in negotiations.
The security office found the woman was having regular, unauthorized meetings with the Russian intelligence service, the FSB. As a result, the duties are limited to translation, interpretation, cultural guidance and administrative support.
Even stronger sanctions targeting Iran's oil sector and central bank are to be re-imposed in early November. Zarif told the state-owned IRAN daily, however, there are now no ongoing talks between the countries.
In a small number of cases, especially among those with pre-existing medical risk factors, West Nile can be life threatening. In North America, that means that mosquito season - extending from the late spring through the fall - is West Nile season.
But she said: "At the same time, we hope that Saudi Arabia and Canada will find a civilized solution to their differences". Saudi Arabia immediately suspended new trade agreements with Canada and expelled its ambassador.
In one email, Manafort wrote "WTF" and "not happy" about tax payments he was going to have to make, Gates said. Gates noted that all such payments were income earned via Manafort's political consulting work in Ukraine.
Such sentiment may weigh on business investment, which contributed last quarter to the fastest pace of growth in four years. Amid the more heated rhetoric, USA stocks ended the week up about 0.8 per cent, the fifth straight week of advances.
Hector is now about 1,130 miles (1,820km) east of South Point, Hawaii, and is forecast to cross into the central Pacific today. However, forecasters still expect the storm to pass south of the Hawaiian Islands and gradually weaken over the next few days.
July 10: TheUS releases an initial listof an additional $200 billion worth of Chinese goods that could be subject to a 10% tariff. Washington has long criticised China's trade surplus with the United States and has demanded Beijing cut it.
Hall was always chasing but was given hope when Phatlum bogeyed No. 8 to reduce her lead to one shot. On the 13th hole, Hall made a 10-feet birdie to move to 16-under and therefore a share of the lead.
Model and television presenter Chrissy Teigen was also caught up in the natural disaster while holidaying with her family. A 6.9 magnitude quake struck Lombok, killing at least 98 people and injuring hundreds, on Sunday.
Tesla shares dip after Elon Musk proposes going private
But they did not reveal who or what institution Musk may have been referring to when he posted "funding secured". Tesla said on Wednesday the discussions had addressed the issue of how to fund such a deal, but gave no details.
Carrie Underwood pregnant with second baby
The news comes after a Redbook interview in which the singer suggested more biological children might not be in her future. She also shared why she's not touring until May 2019 even though the Cry Pretty album will be released in September.
Engine flaw delays Boeing test of crew capsule to 2019
Boeing's second Starliner launch and first bona-fide NASA mission will send astronauts John Cassada and Suni Williams to the ISS. The space enthusiast said that, should the two Crew Dragon test flights perform well, the hardware will be ready.