Chinese tariffs on LNG, oil aim at US energy dominance agenda

China is trying to seek an "equal" position in future talks with the US with today's retaliation announcement, said Gai Xinzhe, analyst at the Bank of China's Institute of International Finance in Beijing.

The Commerce Ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tariffs on $200 billion worth of Chinese goods.

China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, with the extra levies ranging from 5 to 25 percent.

Beijing plans to impose an additional 5% in tariffs on about 600 kinds of products including planes and computers, another 10% on nearly 1 000 products including wigs and textiles, an extra 20% on more than 1 000 items including some chemicals, cookers and paper, and an additional 25% on over 2 400 products such as meat, wheat, wine and LNG, according to the statement.

"The implementation date of the taxation measures will be subject to the actions of the United States, and China reserves the right to continue to introduce other countermeasures", China's Ministry of Commerce said in a statement.

The minister added: "China has to take necessary countermeasures to defend its dignity and the interests of its people".

"They better not underestimate the President", Mr Kudlow said in an interview on Fox Business Network.

"The US side has repeatedly escalated the situation against the interests of both enterprises and consumers", the Chinese Commerce Ministry said in its statement.

Trump Threatens US Government Shutdown over Immigration
Trump is noting that Italian voters got "tired" of their country's immigration policies. Government funding expires midnight September 30.

New high-end DJI Mavic 2 drones revealed in print leak
Just because Argos has accidentally printed an ad for the Mavic 2 doesn't mean the launch of the new DJI drone is imminent. We'll have to wait and see, but if all of this comes to fruition there are some big product launches on the way from DJI.

Is McDonald's MacCoin a cryptocurrency? Restaurant chain to launch the
Customers can now log online for free at approximately 11,500 participating Wi-Fi enabled McDonald's USA restaurants. McDonalds says about 550 million Big Macs are sold annually, so in 50 years that's. um, well. a lot of Big Macs.

The U.S. hit back with tariffs on 1,300 Chinese goods worth $50 billion.

The latest exchanges in the mounting trade war between America and some of its biggest trading partners, including China, the EU, Canada and Mexico, comes amid early signs of damage for the world economy.

The United States and China have the world's biggest trading relationship but official ties are increasingly strained over complaints Beijing's technology development tactics hurt American companies.

Trump has said he is determined to reduce the large USA trade deficit with China.

"China always believes that consultation on the basis of mutual respect, equality and mutual benefit is". On Friday officials also stepped into cushion the yuan, which has been battered by trade tensions and was approaching the key level of seven to the dollar. So far this year, the trade gap is up more than 7 percent from January-June 2017.

Several countries, including China, had a say in the matter because Qualcomm sells its products globally and the proposed merger could have been seen as giving the company a price monopoly, it said.

China's biggest US imports by value in 2017 were aircraft and related equipment, soybeans and autos.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Google to Android Phone Makers: Don't Go Crazy With the Notches
Google has rolled out guidelines to help OEMs and app creators develop for smartphones with display notches. They include limits on notches, or "cutouts", and specifications on where they can exist on the device.

One Israeli dead, two wounded in West Bank knife attack
Sources confirmed that another artillery shell also coincided with a Hamas observatory outpost east of Gaza City. The kites have caused hundreds of fires inside Israel in recent months, according to Israeli officials.

Fulham sign Aleksandar Mitrovic for £22m - Premier League 2018
The Magpies have agreed a deal to sign Japanese striker Yoshinori Muto from Mainz for a fee of £9.5m, subject to a work permit. Gayle struggled for goals on Newcastle's return to the Premier League , scoring six in 38 appearances.

Sky's Thomas poised for victory as record-chasing Froome breaks
With that in mind, Thomas even pushed for a four-second time bonus allocated to the rider taking third place in the stage. Froome has been a repeated target of fans in this Tour after he was cleared of doping five days before the race began.

Apple has become America's first trillion-dollar company
Those earnings beat Wall Street expectations on the top and bottom lines, but iPhone sales fell slightly short. At our closing share price of $207.39, the stock market now values Apple at more than $ 1 trillion .

What We Know About the 9 Astronauts Flying the New Commercial Ships
The SpaceX crewed test flight, now scheduled for April 2019, will be flown by NASA astronauts Robert Behnken and Douglas Hurley. Victor Glover: Glover was selected as an astronaut in 2013 after a career in the Navy as a test pilot.

Injury-hit Manchester United 'in trouble' for new campaign, says Jose Mourinho
They deserve the best teams and invest to bring the best clubs to the US. "But you don't know what goes on behind closed doors". And Mourinho is angry at United's failure to deliver all the transfer targets he identified at the start of the summer.

New HUD smoke-free rule takes effect
This is how it'll work: The new rule will be in the tenant's lease, along with information on how to quit smoking . The Pennington County Housing and Redevelopment Association buildings have been smoking free since April 2017.

World Hepatitis day observed at Sindh Institute of Urology and Transplantation
Treatment is required for only those who have an active infection, and has to be taken for long periods, often years. The alarming report showed that among people living in north India, hepatitis A and B is also prevalent.

Trump denies knowing of 2016 Trump Tower meeting with Russians
Rivera said Cohen was somewhat of a "consigliere" to Trump, in that he was the "one key person we tell all of our life story to". Trump Jr responded "I love it" when first offered the political " dirt " on Clinton, the Democratic presidential nominee.

‘Vaginal Rejuvenation’ Devices Have Serious Side Effects, Unproven Claims: FDA
Mazur, a spokeswoman for Hologic Inc. whose subsidiary sells the MonaLisa Touch, said they were reviewing the FDA notice. But their use to treat vaginal dryness , itching and laxity, the FDA said, has not been approved.

Wedding bells heard for Nick Jonas & Priyanka Chopra Trending
Katrina might be considered as possible replacement for Priyanka in " Bharat ", sources add. Getting engaged after a few months of dating seems to be popular in Hollywood lately.

Talking Lunar Eclipse with prof. Lerothodi Leeuw
The lunar eclipse photographed here was very unusual, because it coincided with the moon's perigee, or closest approach to Earth. The period of complete eclipse - known as "totality", when the moon appears darkest - will last from 1930 to 2113 GMT.

Plea for help from NZ protester on board 'hijacked' Gaza peace boat
While many foreign powers have censured Israel's handling of Gaza, the United States has echoed its blaming of Hamas. Israeli naval forces on Sunday intercepted a ship bound for the blockaded Gaza Strip, according to organizers.

Huge Kawhi Leonard to Lakers update, LeBron James revelation, Rockets deal
Lakers president of basketball operations Magic Johnson has spoken in great detail about the nighttime meeting with James that led to his signing, but James had not.


More News

News
More News