Trump satisfied with result of market tariffs increase regarding China

China threatens tariffs on $60 billion in US goods

Trump, in a series of Twitter posts before an OH campaign rally, said he was using tariffs, and the threat of tariffs, to try to force other countries to renegotiate trade deals with the United States.

China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the U.S., with the extra levies ranging from 5 to 25 per cent.

The latest round of United States tariffs would range between five percent and 25 percent and would hit 5,027 products - a variety of agricultural goods such as beef, as well as small planes, chemical components, textiles, liquefied natural gas and condoms.

The new China tariffs on the USA will impact metals, chemicals, and agriculture-related items.

"The implementation date of the taxation measures will be subject to the actions of the U.S., and China reserves the right to continue to introduce other countermeasures", China's Ministry of Commerce said in a statement.

The Commerce Ministry on Thursday pledged that "China will have to retaliate to defend the nation's dignity and the interests of the people".

Already, the trade war has begun to take a toll: For instance, China has lost its status as the world's second-largest stock market, falling behind Japan, The Financial Times reported on Friday.

Paglia said Ohio Star Forge primarily exports to countries covered by the North American Free Trade Agreement - Canada and Mexico - but could feel the indirect results of the Chinese tariffs, because some of their products are exported to China by their customers. "The US carrot and stick tactics will have no effect on China but could bring disappointment to the countries and regions that oppose trade wars", the spokesperson said.

Anderson's late strike denies Gerrard winning Premiership start
Celtic won an unprecedented "double-treble" last season with victories in the league and both domestic cup competitions.

That move was in response to the Trump administration's proposal of a 25-percent tariff on $200 billion worth of Chinese imports.

Also, tariffs on United States dollars 34 billion worth of Chinese goods were levied last month. The White House is attempting to utilize Duties, among other instruments, to push China to abandon alleged unfair practices and reach a possible new trade deal. The news came just after U.S. Secretary of State Mike Pompeo met with Chinese Foreign Minister Wang Yi in Singapore.

Meanwhile, Chinese state TV said: "The White House's extreme pressure and blackmail are already clear to the worldwide community".

White House spokeswoman Lindsay Walters also said there had been "high-level discussions on multiple occasions in the past few months" and Washington remained open to further talks with China.

The Chinese are unable to match USA tariffs on a dollar-per-dollar basis but Beijing can make it hard for US companies doing business in China.

The United States is the world's largest exporter of fuels such as gasoline and diesel, and is poised to become one of the largest exporters of LNG by 2019.

China's biggest USA imports by value in 2017 were aircraft and related equipment, soybeans and autos. They want to show how the new tariffs will not punish China, only American e-cig users, and retailers. In July, China slapped duties on American shipments of soybeans, cotton, pork, corn, wheat and other items.

The Chinese government has said that it will make a final decision on if, when, and how these tariffs will be implemented next month.

Related news:

Hot News

isis-killer-beheading-video-story-top Manchester United 'offered Miralem Pjanic in Paul Pogba bid'
Aug 08, 2018 - 12:59
The increase, from £180,000 to £380,000 a week, would "put him closer to United's top earner Alexis Sanchez ", says the paper. The deal is reported to be worth £89.5m over five years and the basic salary of £18m is equivalent to £346,000 a week.

isis-killer-beheading-video-story-top Polls close in OH as elections in 5 states wrap up
Aug 08, 2018 - 09:07
Instead, we got a nail-biter of a race that saw Democrat Danny O'Connor, who serves as Franklin County's Recorder, give state Sen. O'Connor "is weak on Crime, the Border, Military, Vets, your 2nd Amendment - and will end your Tax Cuts".

isis-killer-beheading-video-story-top German couple convicted of rape, online sale of young son
Aug 07, 2018 - 23:12
The boy, who was nine when the trial began in June, was repeatedly sexually abused by Spanish paedophile Javier Gonzalez Diaz. The couple were found guilty of rape, sexual assault of children, forced prostitution and distribution of child pornography.

isis-killer-beheading-video-story-top Woman helps stranger in need of cash, finds out it's Keith Urban
Aug 07, 2018 - 22:57
She said that for the last several years she has made it a resolution to pay for someone's purchases at Wawa at least once a week. Paying it forward at a Medford Wawa Friday led to a memorable encounter with singer Keith Urban for a local substitute teacher.

isis-killer-beheading-video-story-top The Mighty Ducks actor Shaun Weiss arrested a year after meth bust
Aug 07, 2018 - 22:46
Weiss, who played Goldberg in the popular trilogy, was arrested in Northern California this weekend, according to TMZ . His most recent appearances include City Guys, Pumpkin, Pack of Dogs, Las Vegas and Drillbit Taylor in 2008.

isis-killer-beheading-video-story-top Largest wildfire in California history still growing
Aug 07, 2018 - 22:10
Typically, temperatures dip and humidity rises overnight, giving fire crews a window to slow down the spread of the wildfires. Authorities say that the fires are only 30% contained and may not be fully under control for at least another week.

isis-killer-beheading-video-story-top Rick Gates testified he and Paul Manafort knowingly committed crimes
Aug 07, 2018 - 21:56
He has also told jurors that he and Manafort knew they were committing crimes for years as part of the offshore payment structure. There was no mention of President Trump or his campaign, but this trial is the first big public test for the special counsel.

isis-killer-beheading-video-story-top Elon Musk considering taking Tesla private
Aug 07, 2018 - 21:40
Musk has a history of joking on Twitter and sending erratic tweets. "Am considering taking Tesla private at $420". Tesla's stock, which was trading at about $342 per share, shot up to $362 per share after the tweet.

isis-killer-beheading-video-story-top $250 mil superyacht at centre of 1MDB scandal sails to Malaysia
Aug 07, 2018 - 18:40
Najib set up 1MDB when he took power in 2009, but it accumulated billions in debts. On Saturday, the Indonesian government agreed to hand over the yacht to Malaysia.

Arsenal valued at $3.1 billion as Kroenke moves to take complete control
Aug 07, 2018 - 17:44
After news broke of the bid the Arsenal Supporters' Trust (AST) called it a "dreadful day" for the football club. Kroenke now holds 41,743 Arsenal shares, approximately 67.09 per cent of the club.

isis-killer-beheading-video-story-top 1 killed, 90 wounded by Israel in Hamas-led Gaza protests
Aug 07, 2018 - 14:29
Earlier on Monday, Hayya and Mushtaha set out from the blockaded Gaza for the Egyptian capital via the Rafah border crossing. It said a tank fired at a Hamas military post in Gaza after Palestinians briefly crossed the frontier and threw bombs.

isis-killer-beheading-video-story-top Apple kicks Alex Jones and Infowars podcasts from iTunes
Aug 07, 2018 - 14:20
In a statement to BuzzFeed , Apple confirmed it had also removed Jones' podcast for violating its guidelines on hate speech. Monday marks exactly three months before the November 6 midterm elections - timing that had Jones and Infowars crying foul.

isis-killer-beheading-video-story-top Inter Milan strike personal terms with Real Madrid midfielder Modric
Aug 07, 2018 - 13:53
I have no doubt whatsoever regarding the fact that Modric will continue to play marvelously with us as he has always done. Modric has been heavily linked with a summer move to join Serie A club, Inter Milan .

isis-killer-beheading-video-story-top Imran Khans party says hell be named Pakistan PM candidate on Monday
Aug 07, 2018 - 12:44
The MQM-P will have one minister in the federal cabinet, while an adviser would be inducted later, the report said. Despite all its efforts, the PTI-led government will remain vulnerable to the demands of its coalition partners.

isis-killer-beheading-video-story-top A Russian helicopter has crashed in Siberia killing 18 oil workers
Aug 07, 2018 - 11:42
The country's Investigative Committee said it opened a criminal investigation into the crash. In April, a Mi-8 helicopter crashed in far eastern Russian Federation , killing six people.