ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2020-10-28  |  UPDATED: 1399/08/07 - 11:10:5 FA | AR | EN
UN Security Council condemns Kabul education center bombing            Parts Helmand Districts Cleared of Taliban: Defense Ministry             Khalilzad Calls for Urgent Reduction of Violence in Afghanistan            China threatens US with Ďlegitimate responseí over arms sales to Taiwan            Iran summons Swiss envoy to protest Ďbaselessí US claims on elections interference             Lebanese president tasks Hariri with forming new government            Three-man crew return to Earth from International Space Station             Obama warns Biden supporters not to be ícomplacentí as he rips Trumpís record            Bolivia election transparent, Arceís victory overwhelming: OAS            Iran successfully tests Bavar-373 air defense system on 2nd day of drills            US Democrats fear a late Trump surge despite opinion polls            Turkey extends gas exploration in disputed Mediterranean waters            Mosques in southern France placed under protection amid threats            Advocacy groups file complaint over Texas youth prison conditions            US Senate Intelligence Committee blames Americaís enemies for divide in the nation            


DATE PUBLISHED: 2019/5/13 - 19:09:40
VISIT: 646
SHARE WITH YOUR FRIENDS

China strikes back at US with tariff hike on goods worth $60bn

China has announced plans to impose tariffs on 60 billion dollarsí worth of US goods as of the beginning of next month, a retaliatory measure taken amid escalating trade war between the two sides in the aftermath of Washingtonís move to tax almost all Chinese imports to the United States.

The Chinese Finance Ministry said in a statement on Monday that Beijing would impose tariffs ranging from 5 to 25 percent on 5,140 American products on its billion-dollar target list.

The ministry said the tariffs would take effect on June 1.

The statement came shortly after US President Donald Trump warned China not to retaliate or otherwise the country would be "hurt very badly" if a deal to end the escalating trade war is not reached between Washington and Beijing.

"I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries," Trump said in a tweet. "Too expensive to buy in China. You had a great deal, almost completed, & you backed out!”

PressTV-Trump to Xi: íChina will be hurt very badly’

Trump to Xi: íChina will be hurt very badly’
Trump has warned Chinese President Xi Jinping that his country would be "hurt very badly" if a deal to end the escalating trade war is not reached.

Speaking earlier on Monday, Chinese Foreign Ministry spokesman Geng Shuan said Beijing will never surrender to external pressure and that the country’s leadership was well endowed to defend its nation against any pressure by foreigners.

“Raising tariffs will not solve any problems. China will never surrender to external pressure. We have the determination and the ability to safeguard our legitimate rights and interests,” Geng said. “Wait and see” what Beijing’s response will be.

PressTV-China vows not to ‘give in to pressure’ amid row with US

China vows not to ‘give in to pressure’ amid row with US
China says it will never surrender to external pressure after the United renewed its threat to impose fresh tariffs on Chinese goods amid an escalating trade war between the two sides.

The Washington-Beijing trade dispute escalated on Friday, when the US increased tariffs on $200 billion worth of Chinese goods after the American head of state accused Beijing of “breaking the deal” by reneging on earlier commitments made during months of talks.

Trump also ordered US Trade Representative Robert Lighthizer to begin imposing tariffs on all remaining imports from China, a move that would affect about an additional $300 billion worth of goods.

Last week, China and the US concluded the 11th round of high-level economic and trade consultations between the two sides in Washington, without reaching any deal aimed at ending their trade tensions.

The talks broke down after Chinese representatives reportedly backtracked on promises to address issues like theft of intellectual property, after which the US announced an increase of Chinese tariffs from 10 percent to 25 percent on $200 billion worth of Chinese imports.

Trump has urged China to either sign the deal now or it will be forced to sign a far worse agreement in future.

Instant reaction to China’s retaliation

Following China’s announcement to retaliate US tariffs hikes on Monday, the Wall Street has been heading for sharper falls as the sight of Beijing hitting back against Washington gives investors a fright.

The Dow Jones industrial average was down nearly 450 points, or 1.7 percent, at 25,000. The Nasdaq index was rattling towards a 2.5-percent plunge.

Major technology companies have also been hit hard by the latest tit-for-tat retaliations between the US and China.

Apple is sliding by five percent since many products such as iPhones are assembled there.

Facebook and Amazon are also being swept up in the selloff.

 

LINK: https://www.ansarpress.com/english/11138


TAGS:






*
*

*



SEE ALSO

Iran finds deposit with 8 million tonnes of gold reserves


Asian, European stocks sink as virus, stimulus sour mood


Citi to pay $400 million OCC fine over risk management issues


ADB Approves $110M Grant to Enhance Afghan Power Supply


18 million tourism jobs at risk in EU


How Iran is sharing lessons in resilience with Venezuela


Facebook tells Irish court that probe threatens its EU operations: Newspaper


Govít approves four wind and solar power projects


Asian, European markets sink after US Fed warning of íuncertainí outlook


WTO finds US in breach of trade rules with tariffs on China





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

OIC urges all parties to the conflict to call an immediate truce

UN Security Council condemns Kabul education center bombing

Parts Helmand Districts Cleared of Taliban: Defense Ministry

Khalilzad Calls for Urgent Reduction of Violence in Afghanistan

China threatens US with Ďlegitimate responseí over arms sales to Taiwan

Iran summons Swiss envoy to protest Ďbaselessí US claims on elections interference

Lebanese president tasks Hariri with forming new government

Three-man crew return to Earth from International Space Station

Obama warns Biden supporters not to be ícomplacentí as he rips Trumpís record

Bolivia election transparent, Arceís victory overwhelming: OAS

Iran successfully tests Bavar-373 air defense system on 2nd day of drills

US Democrats fear a late Trump surge despite opinion polls

Turkey extends gas exploration in disputed Mediterranean waters

Mosques in southern France placed under protection amid threats

Advocacy groups file complaint over Texas youth prison conditions

US Senate Intelligence Committee blames Americaís enemies for divide in the nation

Twelve killed in Takhar airstrike, including children

Iran: Saudi military expenditure turned West Asia into powder keg

At least 34 killed in Cambodia flash floods

Linking terrorism to Islam shows ignorance: Imam of Egyptís Al-Azhar

Guinea scene of unrest as opposition cries foul after presidential vote

Khashoggiís fiancťe, human rights group sue Saudi crown prince in US for murder

In Pennsylvania, Trump touts the economy and warns of íBiden depressioní

Iran stresses sovereignty over trio of Persian Gulf islands at UNSC

India releases Chinese soldier detained at tense border

Interreligious peace event held in Rome

UNICEF praises KSA for ďhumanitarianĒ role in Yemen

Top GxOP pollster blasts Trump at British company gathering, calls his campaign Ďthe worstí ever

Israeli warplanes, helicopters launch fresh air raids in Gaza

Whichever ĎJokerí wins, the US has no energy left for self-correction

At least 15 dead in stampede near Pakistan consulate in Jalalabad

Pakistan parliament to host trade and investment forum for Afghans

12 Takhar Police Killed Dozens Missingí: Source

Shameful UAE visit will encourage more Israeli aggression: Palestinians

Iran to begin testing indigenous COVID-19 vaccine on humans in Nov.

Iran finds deposit with 8 million tonnes of gold reserves

China: Removal of Iran arms ban must be faithfully implemented

Pompeo smearing economic, trade cooperation between China, other countries: Beijing

Lifting of UN arms ban outcome of Iranís correct policy on JCPOA: Govt. spox

Trump seeks campaign boost as Biden leads in battleground Pennsylvania


MEDICAL NEWS


ANSAR PRESS ©  |  ABOUT US  |  CONTACT US  |  MOBILE VERSION  |  LINKS  |  DESIGN: Negah Network Co.
All right reserved. Use this website by mentioning the source (link) is allowed. ›—ś‘ź«Ś «یš —š ی šŕŠ»šŌ«š