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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Trump imposes $ 200 billion on Chinese imports

    Rocky
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    • Post n°1

    Trump imposes $ 200 billion on Chinese imports Empty Trump imposes $ 200 billion on Chinese imports

    Post by Rocky Tue 18 Sep 2018, 2:55 am

    Trump imposes $ 200 billion on Chinese imports


    Trump imposes $ 200 billion on Chinese imports 8678


    WASHINGTON (Reuters) - US President Donald Trump has stepped up his trade war with China by charging 10 percent of Chinese imports worth about $ 200 billion, but excluding Apple's smart watches and other consumer goods such as bicycle helmets and car seats.
    "If China retaliates against US farmers or US industries, we will immediately enter the third stage, which is to impose additional import duties of approximately $ 267 billion," Trump said in a statement to announce the new collection of fees.
    Apple's Apple iPhone was not among a "wide range" of products Apple told regulators would be affected by $ 200 billion in import duties in a letter to business officials on Sept. 5.
    But if the Trump administration imposed another set of import duties of $ 267 billion to cover all remaining US imports from China, it is unlikely that iPhone smartphones and its competitors will be excluded.
    A senior administration official said the import duty would start on Sept. 24 and that the figure would increase to 25 percent by the end of the year, giving US companies time to turn their supply chains into other countries.
    The United States has so far imposed tariffs on Chinese products worth $ 50 billion to press China to make sweeping changes to its policies in the areas of trade, technology transfer and support for high-tech industries.
    The escalation comes after talks between the world's two largest economies to resolve their trade disputes have yielded no results. US Treasury Secretary Stephen Menuchin called on senior Chinese officials last week for a new round of talks, but nothing has been set yet.
    "We were quite clear about the kind of changes to be made and given China all the opportunities to treat us more fairly," Trump said in his statement.
    "But China has not yet been prepared to adjust its practices."
    China has threatened to retaliate against any new US fees, while official media called for a strong "counter-attack".
    Liu, vice-premier of China, will hold a meeting in Beijing Tuesday morning to discuss Beijing's response to the US decision, the official Xinhua news agency quoted an informed source as saying.
    A senior official in the Chinese bond market said Washington's trade actions against China would not work because China has a lot of fiscal and monetary policy tools to deal with its effects.
    "President Trump's decision to impose additional fees of $ 200 billion is reckless and will cause sustained damage to communities across the country," said Dean Garfield, president of the Information Technology Industry Council, which represents key technology companies.
    US Republican lawmakers urged Trump to continue negotiations with China to resolve trade disputes, while praising Trump's strict stance on China's intellectual property and trade practices.

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