China threatens new tariffs on $60 bn worth of U.S. goods

Here's Why Trump Is Hiking Chinese Tariffs To 25%

But Mr. Trump raised the stakes this week by asking the U.S. Trade Representative to consider increasing the proposed tariffs on the $200 billion worth of goods to 25%. "It adds to inflation pressure and interest rates and [would] strengthen the dollar, which makes trade situation even worse" for the USA, he said.

Then there is what China says and on Thursday, Beijing urged the United States to "calm down" and return to reason after news that Trump may hike the tariffs from 10% to 25%.

March 15: President Trump signed an executive order to impose a 25 percent tariff on steel and a 10 percent tariff on aluminum imports from China and several other countries. But for the last one year, there has been tension between the two countries after Trump directed his Commerce department to probe whether imports of metals such as steel and aluminium from China threatened national security.

China's decision to threaten $60 billion of us goods marks the first time this year that Beijing has not tried to match Washington's tariffs dollar for dollar.

Not watering down his economic nationalist message in a more affluent congressional district (OH-12), Trump said America must stop building up foreign countries like China and focus more on rebuilding its own country.

Sarri and Courtois set to stage talks over goalkeeper’s future
Jones added on the potential of either of those star turns taking in a change of scenery: "With Eden I don't know. Because it is very important to have a trophy immediately.

Coming on top of the tariff already imposed on $34 billion of United States goods, the new measures would mean that around 85 percent of USA exports to China would be affected.

"The money comes after farmers, especially soybean growers, have felt the brunt of retaliatory tariffs placed on agriculture by China and other nations that the Trump administration has penalized with tariffs on imports", NPR's Brian Naylor reported.

According to He Maochun, an global relations professor at Tsinghua University, the USA president's latest tweets defending his use of tariffs were mainly aimed at persuading Americans.

Speaking just hours after China unveiled the countermeasures on Friday, Larry Kudlow, Trump's chief economic adviser, said the United States president was willing to follow through with his threats, in a stark warning to Beijing.

United States spirits and wine giant Brown-Forman has said it will increase the price of Jack Daniel's and other whiskeys in some European countries, according to media reports.

Kiki Challenge: India police warn against unsafe dance trend
Earlier, the Mumbai Police too issued a similar warning to citizens to keep away from #kikichallenge or face music, on twitter. Supra's video is joining the ranks of dancing celebrities such as Will Smith , Ciara and the Houston Astros.

The US and China: poles apart?

"China promises that it will continue to unswervingly push forward reform and opening-up based on established arrangements and pace, firmly support economic globalization, firmly safeguard free trade rules and multilateral trade mechanisms to realize joint development and share prosperity with all countries that pursue progress", the commission said. The deficit had narrowed in previous months as companies rushed out exports to beat the imposition of tariffs. Mnuchin is more in favour of coming to an agreement that would bring about a reduction in the U.S. deficit.

The White House issued a statement Friday, condemning the proposal.

Meanwhile, Chinese state TV said: "The White House's extreme pressure and blackmail are already clear to the worldwide community".

"China is forced to take countermeasures", said a ministry statement. "But actually, as journalists have noted, how can talks take place under this pressure?" China's growing sweet tooth is seen as a big sales opportunity for global makers of cookies and chocolate bars like Mars and Hershey (HSY.N).

'Bad manners': Musk's apology to analysts sends Tesla shares soaring
Tesla also said it's working on a new version of its Autopilot semi-autonomous software that will have greater safety features. The company has never turned an annual profit and has had only two profitable quarters since becoming public in 2010.

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