US President DonaldTrump threatened to hit another $200-billion of Chinese goods with an extra 10-percent tariff after Beijing retaliated.
Trumpsaid he would impose a 10 per cent tariff on $200 billion of Chinese goods, following levies on $50 billion worth of Chinese imports enacted last week.
On Tuesday, U.S. President DonaldTrump expanded his plan to impose tariffs on Chinese goods, increasing the stakes in an emerging trade war with Beijing.
Fears of a trade war that could harm global growth spurred sales of the Chinese yuan, which fell to a five-month trough in the offshore market, as well as commodity-linked and emerging market currencies. With concerns growing on Wall Street, the Dow Jones industrial average closed down almost 300 points - more than 1 percent - on its sixth straight losing day. Virtually all economists agree that restricting trade has damaging economic consequences for all countries that employ such policies, but the scale and the scope of the losses are potentially huge, not just for the USA and China, but also for countries not directly involved.
Despite mounting criticisms surrounding its trade conflict with China. the U.S.is not budging. Construction equipment maker Caterpillar closely followed and was down 3.3 percent.
"Such a practice of extreme pressure and blackmailing deviates from the consensus reached by both sides on multiple occasions", the ministry said.
If the tariff hike goes ahead, "China will have to adopt comprehensive measures that combine quantity and quality", the statement said.
The standoff could escalate further yet: Trump threatened tariffs on another $200 billion in Chinese products if Beijing lashes back again. China responded in kind by announcing tariffs on American imports. Earlier this month, that measure was extended to some of the US' traditional allies - the EU, Canada and Mexico. For example, if China were to single out Apple, the trade war could interfere with foreign production, bringing about supply issues, or it could cause the loss of Chinese customers, limiting demand. If the President is concerned about treating American footwear companies and consumers fairly, then he should have signed the TPP to lower footwear costs in America.
He says Canada imposes such onerous tariffs on USA products - shoes, for instance - that people are forced to "scuff 'em up" in order to "smuggle" them home.
The United States and China have the world's biggest trading relationship but official ties are increasingly strained over complaints Beijing's technology development tactics hurt American companies.
Analysis of how the tariffs impact vary and much depends on the final details of the duties that are pushed through.
In the first round of penalties announced by both nations, to take effect July 6, the US plans to impose tariffs of 25 percent on $34 billion of Chinese imports, such as construction machinery, aerospace and power generation equipment.
The move quickly drew praise from former Trump senior adviser Steve Bannon, who said: "President Trump told China and the world tonight that America will not back down when it comes to economic aggression".
The White House has asserted the United States has the whip hand in a tariff fight between the world's largest economies - with a senior economic adviser saying "it's clear China has much more to lose" and the president himself declaring that "trade wars are easy to win" - but economists widely disagree. Nor does the USA tax shoes imported from Canada.
Trump has persistently slammed Chinese trade practices, calling them unfair. Former economic adviser Gary Cohn, who left the White House as Trump continued ramping up protectionist policies, recently told the Washington Post that a trade fight could wipe out any economic gains from the Republican tax law passed previous year. But the rhetoric is intensifying after several rounds of high-level trade talks that White House economic adviser Peter Navarro said yielded no progress.
"It has become untenable for the BJP to continue the alliance in Jammu and Kashmir in the situation that has developed today". The use of pellet guns to disperse protests was condemned around the world as thousands of civilians suffered injuries.
There are only two things we can do in this situation, we can release the entire family unit or we can separate them. In exchange, it would offer legal status for people who came to the country illegally as children.
He said his deputies are often involved in chases pursuing people suspected of smuggling undocumented immigrants and drugs. He said the pursuit was the result of "good police work", and gave his support for the construction of a border wall .
Canadian Milos Raonic was looking at the bigger picutre after a loss to Roger Federer Sunday morning in the Stutttgart Open final. I will have a quiet week before Wimbledon with not many things going on, which is great. "I'm really happy.
The Oprah Winfrey Leadership Academy for Girls in South Africa celebrated its 10-year anniversary in 2017. Apple said in its announcement that the content will be released as part of a lineup of original content.
More from the AP: "Trump's repeated, but nonspecific references to a Democratic law appear to involve one enacted in 2008". Miller, who is Jewish, argued in White House meetings that the new policy would deter illegal immigration.
It's great news for subscribers of the theory that for a World Cup to be successful, you need the host nation to progress. He spent half a decade in the Bundesliga, where he never scored double-digit goals in a single league campaign.
Meghan Markle , Duchess of Sussex , joined Queen Elizabeth for her first royal engagement without her husband, Prince Harry . The Queen's broad and very youthful looking smile suggested genuine delight at having Meghan at her side though.
Auto industry expert Ferdinand Dudenhoeffer of the vehicle research centre called the allegations against Stadler "very serious". Investors have accused the company of informing investors too late about the probe, a view the vehicle maker has contested.
Tomorrow to be year's longest day
Conversely, the winter solstice in the Northern Hemisphere is the day of the year with the shortest amount of daylight there. All this to mark the spot on the horizon where the sun returns each year to rest for a while before moving south again.
OPPO Find X first look: A Samsung Galaxy S9 on steroids
OPPO Find X Initial Impressions: What's it like? OPPO also showcased another variant of the Find X at its gathering at the Louvre. All that drama would be for naught if the Find X was packing sub-par cameras; happily, on paper at least, that's not the case.
Brazil held to draw by Switzerland at World Cup
The whirlwind finish delighted the Rostov Arena, where yellow-shirted Brazil fans vastly outnumbered the red of the Swiss. But Switzerland stood up to the Selecao with the equalizer in the 50th minute on a Steven Zuber header.
Portugal win 1-0, Morocco ousted
With the "Fubo Premier" bundle, you will get access to all four of the World Cup soccer TV channels in most markets. Sign up now for a free seven-day trial.
Trump orders Pentagon to create USA 'space force'
This event was supposed to focus on the relatively sedate topic of space debris, but the freewheeling president had other ideas. In a surprise announcement today at the third meeting of the White House's newly reconvened Space Council, President Donald J.
Woman shouting 'Allahu akbar' injures two with blade in France
In March this year a man was shot and killed by police in the Carcassonne area of southern France after killing four people. A search of the woman's home was underway Sunday afternoon, to know whether "she has links or not with Daesh", said BFMTV .
Two deputies shot in Kansas City juvenile court building
Kansas City police have fatally shot a woman who barricaded herself in a shed for hours after she was seen outside with a sword. KSHB-TV reports the two deputies were transporting prisoners around 11:30 a.m. when they were "overcome" and were shot.