China Strikes Back With Second Tranche of Tariffs

09 Agosto, 2018, 11:22 | Author: Arnold Perez
  • Trade war US finalizes new batch of tariffs on $16bn of Chinese products

Several industry bodies in the USA representing agribusiness, retail and technology have said the Trump administration's tariffs are hurting them and will cause long-term damage to farmers, manufacturers and consumers. It represents the latest salvo in the ever-expanding trade war between the USA and China.

The 25% import taxes will apply to about $16bn (£12b.3bn) worth in annual imports, covering about 280 items, including chemicals and machinery.

The latest commentary from state media took a softer line after resorting to personal attacks against Trump earlier in the week, saying China could get through the storm but not directly mentioning the US president.

The United States and China implemented tariffs on $34billion worth of each other's goods in July.

The Chinese government has said it would impose duties as high as 25% on American products like meat, coffee, nuts and auto parts. For instance, the major complaint is about the theft of United States intellectual property by Chinese firms.

To compensate for the gap on its tariff list caused by the exclusion of crude oil, China added fish meal, wood waste, paper and paper waste, metal scraps, and various types of bicycles and cars, among other products. Beijing is expected to hit $16 billion worth of USA goods with equal tariffs in response to Tuesday's move.

More news: Xiaomi Mi A2 launches today in India
More news: Se avecina una tormenta solar: ¿Cuales son las consecuencias?
More news: Corbyn concerned about Kroenke's takeover of Arsenal

The president remains confident that his "America First" overhaul of US trade policy is paying dividends.

ANZ senior China economist Betty Wang said Beijing will likely resist using its closely managed currency as a tool in the trade war.

The additional list of 279 product lines to be hit later this month was announced by the United States Trade Representative (USTR) on Tuesday. There is a mandatory 60-day comment period for industries to ask for exemptions from the tariffs.

The duties are part of a broader round of U.S. tariffs on $50bn worth of goods announced in March.

May 19: After a meeting, the two countriesannounce the outline of a trade dealto avoid the tariffs. Big-ticket US items that are still not on any list are crude oil and large aircraft. The number of categories of goods subject to tariffs rose to 333 from 114 in the June draft, although the total value is unchanged. The move comes as retaliation for the United States placing $16 billion in tariffs on Chinese goods.

July 6:The first tranche oftariffs on $34 billion worth of Chinese goodstakes effect; China responds in kind. So far, the USA and China have used a tit-for-tat strategy that has involved answering one country's increased tariffs with the other country boosting the amount too.

Recomendado:

  • ¿Vuelve "Casados con hijos"? Guillermo Francella abrió la puerta al regreso

    Junto a su compañero de elenco, brindaron diversas rondas de prensa en donde hablaron del presente y el futuro laboral de ambos. Guillermo Francella está a punto de estrenar Mi obra maestra , la nueva película que protagonizará junto a Luis Brandoni .
    Death toll in Indonesia quake rises to 164

    Death toll in Indonesia quake rises to 164

    With hospitals and clinics also affected, numerous injured have had to be treated in the open air or in makeshift clinics. The deadly 6.9-magnitude quake hit the Indonesian island on Sunday night, leaving tens of thousands of people homeless.
    US Hits Russia With Sanctions Over Nerve Agent Attack In Britain

    US Hits Russia With Sanctions Over Nerve Agent Attack In Britain

    Two more people, Charlie Rowley and Dawn Sturgess , later came into contact with the lethal substance and were hospitalised. In March, the USA expelled 60 Russian diplomats as part of a joint response with allies to the nerve-agent attack.
  • Flavio Mendoza destrozó a Matías Defederico

    Flavio Mendoza destrozó a Matías Defederico

    Y Ángel de Brito le hizo caso a De Federico y aprovechó su tuit para arrobar a Flavio . El cruce más inesperado de la semana, se dió en territorio de Twiiter.
    Brad Smith joins Seattle Sounders on season-long loan from Bournemouth

    Brad Smith joins Seattle Sounders on season-long loan from Bournemouth

    Bournemouth retain the option in January to recall Smith from Seattle, who are now eighth in the Western Conference. The Sounders are now eighth in MLS on 29 points from 22 games.
    Premios Oscar tendrán nueva categoría para poder ganar más audiencia

    Premios Oscar tendrán nueva categoría para poder ganar más audiencia

    Por su parte, Brooks Barnes -reportero del New York Times- sostuvo que esta categoría crea "nuevos problemas" para la Academia . Finalmente, la ceremonia número 91 de los Oscars fue reconfirmada para el domingo 24 de febrero de 2019.
  • Mourinho phoned Zouma to convince him of United move

    Mourinho phoned Zouma to convince him of United move

    Last season, whilst at Stoke, former United defender Ryan Shawcross claimed Zouma was one of the best defenders in the country. We became friends and I speak to him regularly.

    Canadá continúa negociando con Arabia Saudí pese al conflicto diplomático

    También se realizaron comentarios como "meter la nariz donde no corresponde". Y todo sobreimpresionado en la imagen del avión acercándose al rascacielos.
    Lombok quake  death toll rises to 105 amid search for survivors

    Lombok quake death toll rises to 105 amid search for survivors

    Among other major buildings to collapse were a health clinic, government offices and other public facilities, he said. On Lombok, thousands fled from their homes to gather in emergency shelters in open spaces, the agency said.
  • ¡Momento apocalíptico! Tornado de fuego consume una fábrica en Reino Unido

    ¡Momento apocalíptico! Tornado de fuego consume una fábrica en Reino Unido

    El fenómeno fue filmado por personal de guardia de Ashby Fire Station en la fábrica Ravensbourn Plastics. Este es el video de YouTube que muestra el impresionante tornado de fuego en Reino Unido .
    Real Madrid venció a Roma en Nueva Jersey

    Real Madrid venció a Roma en Nueva Jersey

    Olsen; Lorenzo Florenzi , Fazio , Marcano, Kolarov; Cristante , De Rossi , Pastore; El Shaarawy , Dzeko y Perotti . El galés le dio el pase a Marco Asensio en el 1-0 y anotó el 2-0 al culminar una contra del Real Madrid .
    Colombia decide reconocer a Palestina como Estado

    Colombia decide reconocer a Palestina como Estado

    La embajada de Israel en Colombia ya se pronunció, a través de un comunicado, y calificó este reconocimiento como " una bofetada a un aliado fiel ".


Popular

New York City Council votes to limit number of Uber, Lyft vehicles
They also said black and Hispanic New Yorkers need ride-hailing apps because yellow cab drivers often won't stop for them. The cap does not apply to wheelchair accessible vehicles or underserved areas that have not been affected by congestion.

Amid Wildfires, Air Quality in Sacramento Region Continues to Suffer
Elevated levels of ozone and particulate matter may impact people with respiratory problems, cardiac disease, young children and senior citizens.

‘American Horror Story: Apocalypse’ to bring back key ‘Coven’ actresses
Taissa Farmiga , Gabourey Sidibe , Lily Rabe , Frances Conroy , and Stevie Nicks will all make their grand returns to the series. Five more beloved witches just RSVP'd to American Horror Story: Apocalypse . "It's very tangible, and it's a familiar panic".

David Ferrer, eliminado en Toronto
En la jornada de hoy también estaba previsto el estreno de Pablo Carreño , duodécimo favorito, que buscará su sitio en la segunda ronda ante el japonés Yoshihito Nishioka .

Ryanair cancela el viernes conexión Foronda-Colonia por la huelga de pilotos
Sin embargo, y a pesar de estar directamente empleados por Ryanair las condiciones laborales no son las idóneas, aseguran. Además, ha señalado que esta protesta, por parte de los pilotos germanos, la considera "innecesaria e injusta".

Prince, British PM mark centenary of Battle of Amiens
The decisive battle began at 4.20 a.m. on August 8, 1918, when 900 Allied guns opened fire in a surprise attack on German forces. The British-commanded Fourth Army was involved in the battle, heralding the start of the Hundred Days offensive.

Facebook removes pages belonging to conspiracy theorist Alex Jones for hate, bullying
A Facebook representative said details regarding appeals of a particular page's status can not be shared, citing privacy reasons. The company uses a strike system to monitor how many times a page or admin violates their community standards .

Hamas fighter killed as Israel strikes Gaza after rockets fired from enclave
In a written statement, the Ezzeddin Qassam Brigades, the military wing of Hamas, claimed responsibility for the attacks. It said the Palestinian "resistance" had fired a large number of projectiles at "enemy positions in the Gaza envelope".

Peña Nieto felicita al nuevo presidente de Colombia, Iván Duque
También tomó posesión Marta Lucía Ramírez , nueva y primera vicepresidenta de Colombia . Los narcocultivos treparon hasta 209.000 hectáreas en 2017, su máximo histórico.

Diez presidentes y 17 delegaciones asisten a la posesión de Iván Duque
Por ello, ello el canciller Néstor Popolizio y el primer ministro César Villanueva lo representarán. Además, tiene agendado un almuerzo con el presidente de Chile, Sebastián Piñera .