The Trump administration announced Tuesday it is preparing a new package of tariffs targeting Chinese exports valued around $200 billion, the latest escalation in the trade war with Beijing. On Friday, the US slapped 25 percent taxes on $34 billion in Chinese imports, majority are industrial goods that the Trump administration says receive subsidies or other unfair support from Beijing.
The trade confrontation between Washington and Beijing has been escalating for months, despite Trump's repeated statements that he has a good relationship with China's President Xi Jinping.
President Donald Trump has threatened to tax as much as $550 billion in Chinese products - an amount that exceeds America's total imports from China past year.
The U.S. imposed those tariffs to pressure China to stop forcing American companies to hand over trade secrets and other intellectual property to Chinese firms as a condition of doing business there.
"The Chinese side is shocked by the actions of the U.S.", it said in a statement, according to a translation by Google.
The market slide may have been contained in part by speculation the Trump administration could change its mind by the end of August, when the tariffs are due to come into effect, some strategists said.
The U.S. Chamber of Commerce has supported Trump's domestic tax cuts and efforts to reduce regulation of businesses, but it has been critical of Trump's aggressive tariff policies. He said his office "will proceed with a transparent and comprehensive public notice and comment process prior to the imposition of final tariffs, as we have for previous tariffs".
"Tariffs are taxes, plain and simple".
A senior administration official told Fox News that China has been "non-responsive" to US actions and has insisted that Beijing does not see any way America has been hurt by Chinese policies.
"American families are the ones being punished".
"The behavior of the USA is hurting China, hurting the world, and hurting itself", it said.
The International Monetary Fund has warned that a full-blown trade war could undermine the broadest global upswing in years.
"This new round of proposed tariffs takes the fight onto yet another level from which it is going to be hard for either side to make a graceful retreat", said Eswar Prasad, former head of the International Monteary Fund's China division.
To view a graphic on U.S. Mr Tusk added "we spend on defence much more than Russian Federation and as much as China".
MS Dhoni: 3/10 The former team India skipper did not contribute much with the bat scoring just 33 runs in three matches. Buttler and Roy scored 73/0 in six overs with both in-form batters smacking 10 fours and four sixes in the process.
On the forecast track, the center of Chris will pass over or near extreme southeastern Newfoundland Thursday evening. The storm was expected to strengthen through Wednesday and then lose force from Thursday, the center said.
The 39-year-old was booked on a charge that outlaws touching between patrons and performers at sexually-oriented businesses. A person who answered the phone at Sirens, the strip club where Daniels performed, declined to comment.
The game features hundreds of weapons and thousands of customization options to keep things fresh and unique-looking. In fact, the game has more than 38-million registered players, according to the Digital Extremes news release.
A local court gave 10 years of rigorous imprisonment to 68-year-old Sharif in the Avenfield apartment case last week. Security departments have chose to seal the airport at the arrival of Nawaz and his daughter.
President Trump is already making waves, just hours after arriving in Europe. "After all, you don't have that many". Given what we know about Trump and Putin's warm and fuzzy relationship, a lot of people would think.
Journalists celebrate after a news conference near Tham Luang cave complex in the northern province of Chiang Rai , Thailand . Members of the Wild Boars soccer team, ranging in age from 11 to 16, entered the cave with their coach during dry weather.
China Tower, the world's largest mobile tower operator, has won approval for an IPO that could raise up to $10 billion. According to Lei Jun , its founder and CEO, Xiaomi is a company that "can do hardware, e-commerce and Internet ".
Jesse Lingard and Marcus Rashford quietly restarted and managed to get into Croatia's box before the referee called them back. First of all I'm so proud of this team and staff for giving everything we could over a long period of time together.
In April, the 13-inch MacBook Pros without touch bars had come under scrutiny, with some users reporting battery-related issues. Fans of Apple's laptops have also been expecting updates to the more basic MacBook , as well as the lightweight MacBook Air.