Trump Ups the Ante in the U.S.-China Trade War

Dollar declines amid Trump comments By IANS On Jul 21 2018- 09:25:17 Share Pic Credit News Heads

Trump placed tariffs on a wide variety of goods and the moves are starting to make an impact on the USA economy, prices, and more.

The comments follow his criticism Thursday in an interview in which he called the rate hikes a threat to the US economy.

On Chinese tariffs, Trump said he was "ready to go to 500", referring to the roughly $505 billion (€431 billion) in Chinese goods imported to the U.S. a year ago.

The Trump administration imposed punitive duties on $34 billion worth of Chinese imports to the U.S. in early July and said another $16 billion worth of electronics and plastics would be targeted after a public comment period. The move prompted Beijing to hit back with in-kind tariffs on American imports to China, including soybeans.

In addition, President Trump has told the Commerce Department to investigate whether imported autos and auto parts threaten America's national security - the same justification the president invoked to impose tariffs on steel and aluminum. Critics lined up to urge the administration to reject auto tariffs. Concerns around oversupply at a time when the Chinese economy is showing signs of slowing have weighed on the price along with pressure from the USA for OPEC to boost supply. Trump said on Twitter.

Mueller requests immunity from prosecution for 5 witnesses in Paul Manafort trial
They are described as "third parties who have not been charged in this matter, and who have not been identified publicly with the case".

"Gravity is doing its job again as monetary policy diverges further between the United States and China", said Margaret Yang, an analyst at investment firm CMC Markets.

Trump economic adviser Larry Kudlow this week laid blame for the stalemate on the Chinese president. The U.K.'s FTSE 100 Index was little changed.

The yuan's depreciation stems from a confluence of factors including the trade war, expected slower Chinese economic growth, and speculation that Beijing will take stimulus steps as a buffer, which tends to pressure a nation's currency. It expects that 700,000 jobs would be lost. That "could destroy market tension and volatility and drive a gap higher in risk sentiment", he said.

Political messaging in the video is less than subtle, with the "bean" character telling viewers that China imports one third of its soybeans from the United States, which amounts to 62 percent of the crop exported by American farmers. "For now." The currency closed at 6.7864 in Shanghai on Friday.

In the last two days Trump criticized the Federal Reserve for raising interest rates and said China, said he's willing to put tariffs on all USA imports from China, and said China, the European Union and others are harming the U.S.by weakening their currencies and reducing interest rates. -China trade tensions and supply increases.

Diver Who Helped Thai Boys May Sue Elon Musk For 'Pedo' Comment
Thailand-based Mr Unsworth's knowledge of the cave complex is said to have played a key role in the rescue effort. In the end, it was the team of divers who saved the children through a complicated rescue mission .

Also, by adopting a second direct convertible currency, the additional cost of having to go through a third currency is now being erased and the CBN believes this would ultimately positively affect the bottomline of imported goods and services from China.

"That isn't how trade negotiations work", Yerxa said. "I really like President Xi a lot".

"Chinese officials have pledged to retaliate, but the exact nature of the retaliation has not been announced".

After Beijing offered this spring to buy more natural gas and farm goods from the U.S.to narrow the trade deficit, Treasury Secretary Steven Mnuchin said the trade war was "on hold".

Airstrike at Aleppo Airport Said to be "Strong Message" to Iran
The government's push came after it had secured control of most of the Daraa province in an offensive that began in June. AFP reported that hundreds of fighters and a few of their family members boarded around 15 buses which had then set off.

Related news:

Hot News

isis-killer-beheading-video-story-top Microsoft's Cloud Proves It's Worth the Big Price
Jul 21, 2018 - 11:44
Analysts were expecting earnings per share of $1.08 on revenue of $29.2 billion for the last quarter of Microsoft's fiscal year. Revenue from server products and cloud services was up 23% to $9.6 billion (analysts expected $9.09 billion).

isis-killer-beheading-video-story-top Modi Govt Confident Of Defeating No Confidence Motion
Jul 21, 2018 - 11:12
The previous no-trust motion that was moved by the Congress against the Vajpayee government in 2003 was defeated. Later, talking to reporters, she accused Rahul Gandhi of resorting to "dramebaazi".

isis-killer-beheading-video-story-top Jorginho follows Sarri to Chelsea from Napoli
Jul 21, 2018 - 10:53
Sarri's first game at the helm is scheduled to be the July 23 friendly against Perth Glory in Western Australia. And the Blues face on-pitch challenges too, with domestic rivals strengthening.

isis-killer-beheading-video-story-top The Walking Dead Launches Its Season 9 Trailer | News
Jul 21, 2018 - 10:47
AMC released the first full trailer for the ninth season of " The Walking Dead " Friday at San Diego Comic-Con. Sister series Fear The Walking Dead , which now boasts Lennie James' Morgan as an ongoing crossover.

isis-killer-beheading-video-story-top EU chief cautions Trump, Putin to protect order
Jul 21, 2018 - 10:45
Russian Federation denies the allegations, and says it is looking forward to the talks as a vehicle for improving relations. Trump tells CBS News that he watched some of Peter Strzok's (struhkz) testimony to Congress while traveling in Europe .

Jeff Bezos rocket company tests spacecraft
Jul 19, 2018 - 07:42
On Wednesday's flight, Blue Origin says it will push the New Shepard rocket to its limits with a high-altitude escape motor test. There is speculation that Bezos himself, the world's richest person, will be among the first people to fly on New Shepard.

isis-killer-beheading-video-story-top Trump agrees with Putin that low level of relations is a 'shame'
Jul 19, 2018 - 06:46
While it's good to keep lines of communications open, the United States must remain vigilant against Russian activities, she said. I can't even imagine what he said behind closed doors. "This is truly the Trump derangement syndrome that motivates all of this".

isis-killer-beheading-video-story-top Trump Makes Statement on Putin Summit
Jul 19, 2018 - 06:28
The President spoke to key lawmakers and outside confidants leading up to his remarks, people familiar with the matter said. Brennan said, "Because clearly he's concerned and, I think, fearful about what might be exposed in that investigation".

isis-killer-beheading-video-story-top Kawhi Leonard traded to Raptors, as DeMar DeRozan to join Spurs
Jul 19, 2018 - 05:55
The report indicates that the Blazers' trade package did not include either of their star guards, Damian Lillard or CJ McCollum. The Raptors would nearly certainly need another 50+-win season and a deep playoff run if they want to convince Leonard to stay.

isis-killer-beheading-video-story-top "Android Created More Choice For Everyone": Google After EU Slaps Fine
Jul 19, 2018 - 05:45
He also says that the rules imposed by Google are meant to "ensure technical compatibility", and that they're optional. In this way it has cemented the dominance of its search engine.

isis-killer-beheading-video-story-top Lava from Hawaii volcano creates tiny new island
Jul 19, 2018 - 04:47
He didn't observe "any major explosions", so he navigated his vessel closer, to about 250 yards (228 meters) away from the lava. A small "island of lava" has popped up near Kilauea in Hawaii , as USA authorities continue to monitor activity at the volcano.

isis-killer-beheading-video-story-top Why Collin Sexton is the real deal
Jul 19, 2018 - 04:26
In the semi-finals against the Cleveland Cavaliers , Hart dropped 37 points and nine rebounds to lead LA to a double-overtime victory.

isis-killer-beheading-video-story-top Donald Trump opens up about his conversation with the Queen
Jul 18, 2018 - 10:13
Asked if he felt the queen had liked him, he said: "Well I don't want to speak for her, but I can tell you I liked her". I met him a couple of times... "It was really something special", Mr Trump said of the meeting.

isis-killer-beheading-video-story-top Claim From Italy: Juventus Seriously Considering Paul Pogba Summer Swoop
Jul 18, 2018 - 08:59
That's the opinion of Red Devils hero Gary Neville who has been impressed with the 25-year-old. "It's done. We will meet on the 15th of July".

isis-killer-beheading-video-story-top Federation Internationale de Football Association 18 predicted the World Cup champions
Jul 18, 2018 - 08:47
France might have won the match against Croatia by 4-2, but their country's respective Presidents won hearts with their gestures. The emir says through a translator that the World Cup "will be a huge and great festival for all our country".