ABOUT US  |  CONTACT US  |  RSS  |  ARCHIVE  |  2020-09-21  |  UPDATED: 1399/06/30 - 19:58:1 FA | AR | EN
Officials Confirm Civilian Deaths in Kunduz Airstrike            Iran will never succumb to US bullying, illegitimate demands: President Rouhani            US rage rooted in repeated failures vis-a-vis Iran: Foreign Ministry            E3: US claim on snapback sanctions on Iran lacks legal effect             US snapback push against Iran ítheatrical performanceí: Russia             Trump to nominate woman to fill Supreme Court seat within a week            Russia slams EU for inviting Belarus opposition figure to ministerial meeting            Iran on US histrionics: Sanctions are not back except in Pompeoís imaginary world            US convoy transports stolen Syrian oil to Iraq: SANA            French MPs under fire for protesting Muslim womanís hijab at parliament            Drone footage shows gridlocked Buenos Aires as Argentines protest against government            Evacuating Incirlik Airbase Could Mark End To US-Turkey Alliance            Former UNAMA chief warns peace talks Ďwill not be easyí             Khalilzad welcomes UN Security Councilís support of peace process             MoF Prepares for Geneva Aid Conference in November            


DATE PUBLISHED: 2019/5/13 - 19:09:40
VISIT: 637
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

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


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


Korea pledges $1m to help Afghanistan tackle pandemic


Pakistanís exports to Afghanistan drop by 43.6% in July


IMF chief warns global economic crisis ífar from overí


Iran divesting worldís largest gas condensate refinery


Owners of cargoes carrying Iranian fuel challenge US loot in court


Afghan Saffron Yield Up 10%: Ministry


Iranís IKCO develops panoramic roof for popular French model


Trump threatens to ídecoupleí US economy from China





VIEWED
MOST DISCUSSED




POLL

Modi, Merkel Discuss Afghanistan, Radicalisation And Terrorism

SEE RESULT


LAST NEWS

HWPL Hosts Peace Education Webinar by Connecting South Asian Countries during the COVID-19 Crisis

Officials Confirm Civilian Deaths in Kunduz Airstrike

Iran will never succumb to US bullying, illegitimate demands: President Rouhani

US rage rooted in repeated failures vis-a-vis Iran: Foreign Ministry

E3: US claim on snapback sanctions on Iran lacks legal effect

US snapback push against Iran ítheatrical performanceí: Russia

Trump to nominate woman to fill Supreme Court seat within a week

Russia slams EU for inviting Belarus opposition figure to ministerial meeting

Iran on US histrionics: Sanctions are not back except in Pompeoís imaginary world

US convoy transports stolen Syrian oil to Iraq: SANA

French MPs under fire for protesting Muslim womanís hijab at parliament

Drone footage shows gridlocked Buenos Aires as Argentines protest against government

Evacuating Incirlik Airbase Could Mark End To US-Turkey Alliance

Former UNAMA chief warns peace talks Ďwill not be easyí

Khalilzad welcomes UN Security Councilís support of peace process

MoF Prepares for Geneva Aid Conference in November

Taiwan scrambles warplanes as China holds aerial drills nearby

France rejects US allegation Hezbollah storing chemicals to make explosives in Europe

IRGC to enemies: We will crush your teeth if Iranís interests threatened

Alleged Iran ďassassination plotĒ coincides with Trump boasting of own plot

US military deploys more troops, armored vehicles to oil-rich eastern Syria

IRGC chief: Iranís revenge ídefiniteí, but to target those behind assassination

Ankara blasts íNapoleoní Macron for interfering in row with Athens

Trump calls Taliban tough but says US military canít police Afghanistan

Two Security Force Members Killed in Balkh, Paktika Blasts

Ghani condemns attack on yet another government official

UK to allow more interpreters to start new lives in Britain

EU parliament urges arms embargo on Saudi Arabia over Khashoggi murder, Yemen war

Qamishli residents call for removal of US, Turkish occupation forces from Syria

South Africa says Ďsurprisedí by Ďbizarreí report of Iran plot to kill US envoy

President Maduro: EU demand to delay election in Venezuela íimpossibleí

UAE cracking down hard on anti-Israel sentiment with 10-year prison sentences: Dissident

India building tunnel in Himalayas to get soldiers to Chinese border in 10 minutes

FBI warns of ícombustible violenceí on US streets ahead of November election

Trumpís Former NSA says withdrawal of US troops from Afghanistan is an unwise policy

US Embassy warns of extremist attacks against women

Afghanistan, Tajikistan discuss Afghan peace, bilateral trade and economic ties

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

China files formal complaint with US over senior official visiting Taiwan

Can US Electoral College survive another disputed election?


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