Economy

Schumer says he told Trump to impose China tariffs 3 weeks ago

Schumer says he told Trump to impose China tariffs 3 weeks ago

Indeed, the numbers appear identical.

A Chinese government website Friday posted a list of seafood products that will be subject to the tariffs, and it included live, fresh and frozen lobster.

President Donald Trump welcomes Chinese President Xi Jinping at Mar-a-Lago state in Palm Beach, Florida. American officials said they would suspend threatened tariff increases on up to $150 billion of Chinese goods.

Chinese economist Hu Xingdou said the U.S. move offends China, which in future may refuse to cooperate on issues such as North Korea, Iran and Syria, adding: "It is not good news for either side". Among the affected $16 billion in US goods include crude oil, natural gas, coal and some refined oil products.

Federer beats Raonic for Stuttgart title
As he takes things one step at a time, Federer is not yet ready to start concentrating on the job ahead at the All England Club. The Croatian is the No 1 seed at Queen's next week and he is hoping to build momentum for another strong grass-court season.

How will USA consumers and businesses be affected? It also said that earlier commitments made on trade were now off the table. The move has stoked business fears of a sustained trade war that could raise prices on American consumers, while heartening some lawmakers who have long called for a tougher stance against Beijing.

Many in the industry acknowledge this remains a serious problem as China continues its efforts to rely less on imports and non-Chinese technology and manufacturing for electronics, airplanes, cars, and other goods sold within the country. USTR added an additional 284 product lines not on the original list.

The first section will be implemented on July 6 and apply to 818 goods with a total value of $US34 billion.

China previously issued a list of United States products it would hit with 25 percent tariffs in the event of a trade war - from big products like soybeans and beef to more niche items such as bourbon and ginseng - although no timetable was specified. "It seriously violates the legitimate rights and interests of our country", the statement reads in part, "and damages the interests of our country and people".

Paul Manafort Ordered to Jail After Witness Tampering Claims
The judge said Manafort abused the trust placed in him, adding: " This isn't middle school .I can't take your phone". Paul Manafort , President Donald Trump's former campaign chairman, was booked into a Virginia jail on Friday night.

Beijing has previously warned it would retaliate against such an action and within minutes of Mr Trump's announcement, the country's commerce ministry confirmed this.

China's leadership faces no such worries about short-term electoral challenges, so could be better-placed to dig-in for an extended trade war. They are the ones hurting us, and they hurt everybody.

China responded to US tariffs announced Friday morning with a promise to impose reciprocal levies on a range of American products, including agricultural products, cars and seafood. On Friday, they issued a joint statement promising they will bring their concerns to the Office of the U.S. Trade Representative. It authorizes the U.S. President to impose tariffs when it is in the interest of American "national security".

Famed Glasgow art school ravaged by fire again
By morning the fire was under control, but smoke was still rising from the building as firefighters sprayed it from tall ladders. "(It's) an absolutely tragic night for Glasgow , Scotland, art, architecture and culture as a whole", he said .


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