China vows to strike back as Trump’s tariff hike on Chinese goods takes effect GlobeBusiness
U.S. President Donald Trump’s tariff increase on $200 billion worth of Chinese goods puts stress on extended trade talks.The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal.
The Commerce Ministry said negotiations were continuing, and that it “hopes the United States can meet China halfway, make joint efforts, and resolve the issue through co-operation and consultation.” “This delay might create an unofficial window during which the U.S. and China can continue to negotiate,” investment bank Goldman Sachs wrote in a note, adding that it was a “somewhat positive sign” that talks were continuing.Trump gave U.S. importers less than five days notice about his decision to increase the rate on the $200 billion category of goods, which now matches the rate on a prior $50 billion category of Chinese machinery and technology goods.U.S.
Green expected China to increase nontariff barriers on U.S. companies, such as delaying regulatory approvals, as it couldn’t hit the same amount of imported U.S. goods with higher tariffs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China vows to take countermeasures as Trump’s tariff hike on Chinese goods takes effectTrump’s tariff hike on Chinese goods takes effect, putting further stress on extended trade talks
Read more »
Trump steps up pressure on China to reach trade deal, announcing higher U.S. tariffs starting FridayTrump steps up pressure on China to reach trade deal, announcing higher U.S. tariffs starting Friday GlobeBusiness
Read more »
Asian shares give up early gains on China-U.S. trade jittersAsian shares were mostly higher Friday but benchmarks in Shanghai and Hong Kong gave up earlier strong gains amid uncertainty over the potential outcome of trade talks between China and the U.S.
Read more »
Magna misses profit estimates, lowers full-year outlookAuto parts maker expects higher costs on certain programs and lower earnings from a transmission joint venture in China
Read more »
Chinese team heads to Washington to salvage trade talksEfforts to end a U.S.-China trade war are in shambles after the United States accused China of reneging on its commitments and prepared to raise import taxes on US$200 billion worth of Chinese goods.
Read more »
Terry Glavin: Scheer pulls no punches when it comes to ChinaTory leader justifiably withering in his criticism of the Trudeau government’s approach to the state-capitalist monstrosity in Beijing
Read more »
Canada calls on U.S. to take action in China dispute: sourceTop Canadian officials are pushing the U.S. to take action to help calm the ongoing dispute with China, CTV News has learned.
Read more »
Work with U.S. and resist China, Scheer says in laying out foreign-policy plansScheer’s speech is a policy table-setter for the upcoming federal election, and he takes direct aim at Trudeau off the top, deriding his 2015 declaration that ‘Canada is back’ on the world stage
Read more »
U.S.-China trade fears unnerve investors, pulling shares lowerShares skidded in Asia on Wednesday after the Dow Jones Industrial Average tumbled more than 470 points overnight amid mounting trade tensions between the U.S. and China.
Read more »
Opinion: In photos: Lu Guang captures China’s ugly truthsLu Guang documented the soot and sorrow of modern China - and then he was arrested
Read more »