United States fires latest volley in China tariff fight

Posted November 30, 2018

Mr Kapadia said that was because the U.S. economy appears to be strengthening while Chinese President Xi Jinping "is under pressure as China is reportedly slowing".

If President Trump's proposed tariff's on China were to pass, iPhones could end up being much more expensive for Americans to buy.

Allowing China Mobile access to United States telecommunications networks would carry a "substantial and unacceptable risk" to national security and law enforcement, the U.S. government has said.

Cell phones and computers, among China's biggest exports to the USA, have thus far been spared as the administration has sought to minimise the impact on United States consumers.

In Trump's mind, then, the trade war is a no-lose proposition for the United States: either China gives in and Washington gets a "great deal", or tariffs continue and the United States benefits from the extra revenue and adds new jobs.

Under the administration of President Donald Trump, Washington has taken a harder line towards Beijing, especially on trade, and has insisted that the pressure will not relent until China comes to the table with a deal that addresses long-running concerns. In September, the Trump administration announced a 10 percent tariff on $200 billion of Chinese goods, and said the rate will rise to 25 percent on January 1.

The China-Latin America and China-Argentina friendships hold a special place in the hearts of the peoples of the countries concerned, Yang added.

"But I think doing it in a multilateral way would have been a better approach", she said.

Currently, China imposes a 40 percent tariff on USA automobiles, which is more than double the rate of 15 percent that China imposes on its other trading partners, and approximately one and a half times higher than the 27.5 percent tariff that the United States applies to Chinese-produced automobiles. "I think we'll either make a deal or we'll be taking in billions and billions of dollars a month in tariffs, and I'm okay with either one of those two situations".

For starters, US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies and threatened tariffs on Chinese autos.

Chinese government denies NYT report that it's spying on President Trump's mobile calls. That's when the 10 percent tariffs the Trump administration imposed on Chinese goods are set to amp up to 25 percent.

US President Donald Trump's trade war with China is a dominant theme at the weekend summit but one sideshow is how leaders deal with the presence of Saudi Crown Prince Mohammed bin Salman.

Meanwhile the US, Canada and Mexico are expected on Friday to sign a revamped version of the North American trade pact NAFTA, which Trump excoriated when running for president. "What is pressing now for the two sides is to settle trade disputes and problems through dialogue and consultation based on mutual respect, equality and good faith". But even more goods are likely to feel the pain, if Mr. Trump does escalate his tariffs.

"This just presents enormous challenges as the USA government seeks to move further on its objectives - whether that's North Korea, whether that's Iran, whether that's a variety of issues", she said.

That's the opposite of what Trump wants to achieve. They're ripping us left and right. "But on the other hand, if these conditions I mentioned a few moments ago are not met and not dealt with the president has said, look, he's perfectly happy to stand on his tariff policies".