Chinese exports accelerate even as Trump escalates trade war

Chinese exports accelerate even as Trump escalates trade war

In March 2018, the USTR had released the findings of its "exhaustive" Section 301 investigation that found China's acts, policies and practices related to technology transfer, intellectual property, and innovation are "unreasonable and discriminatory and burden United States commerce". Chinese data on Wednesday showed exports to the USA rose 13.3% in July to $41.5 billion against a year ago.

The US will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday. China's exports to the United States fell by 2.5 percent to $41.5 billion month-on-month, while imports of U.S. goods plunged 1.5 percent to $13.4 billion, according to data from General Administration of Customs on Wednesday, as quoted by the media.

The fresh tariffs will apply to 279 items.

Although the move was expected, it cements the view that there appears to be no effort underway to defuse the dispute between the world's two largest economies that have continued to exchange threats.

The latest commentary from state media on Wednesday took a softer line after resorting to personal attacks against Trump earlier in the week, saying China could get through the storm but refrained from directly mentioning the US President.

The government has responded by releasing more liquidity into the banking system, encouraging lending and promising a more "active" fiscal policy.

The Trump administration ramped up the pressure for trade concessions from Beijing last week by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports.

John Kasich: GOP Candidate Said He Didn't Invite Trump To Ohio Rally
Both James and Lemon are African-American. " Republicans have gone from about 30, 31 percent down to about 25 percent", of the electorate, Kasich said.

Imports grew 27.3 percent in July, customs said, beating analysts' forecast of 16.2 percent growth, and compared with a 14.1 percent rise in June.

Of more direct outcome in the Sino-U.S. trade war, China's surplus with the United States shrank only marginally to $28.09 billion last month from a record $28.97 billion in June.

The US says the tariffs are to penalise China for "unfair" trade practices.

It has not yet given a date for its previously announced retaliatory tariffs on $16 billion in U.S. goods, which will target commodities such as crude oil, natural gas, coal and some refined oil products.

May 19: After a meeting, the two countriesannounce the outline of a trade dealto avoid the tariffs.

The United States has stepped up its trade war with China... by announcing a new round of tariffs.

The US will begin imposing 25% duties on an additional $16 billion in Chinese imports in two weeks, escalating a trade war between the world's two biggest economies.

Related Articles

  • 5 dead in small plane crash

    5 dead in small plane crash

    Spokesman of the Federal aviation administration Arlene Salak (Arlene Salac) said that on Board were 5 people, and they all died. The plane is registered to a San Francisco-based real estate consulting company, Category III, according to an FAA database .
    11 killed, dozens wounded in Chicago weekend shootings

    11 killed, dozens wounded in Chicago weekend shootings

    Waller touted that shootings in 2018 were down from past year . "Mayor Emanuel is out of touch with reality". Five others, including an 11-year-old and a 14-year-old boy were injured in that shooting alone.
    Mendocino Complex Fire Grows To 2nd Largest In California History

    Mendocino Complex Fire Grows To 2nd Largest In California History

    The two fires cover an area larger than the deadly Carr Fire burning near Redding, California. The fires, north of San Francisco, have burned 75 homes and is only 30 percent contained.
  • Fekir to miss Chelsea friendly amid transfer talk

    Fekir to miss Chelsea friendly amid transfer talk

    The France worldwide was heavily linked with a move to Liverpool FC ahead of the start of the World Cup back in June. It seems like the Fekir saga to Liverpool is not finished yet. "As you can see, I'm still at Lyon ".

    Gates Begins Testimony Against 'Brilliant' Ex-Boss Manafort

    Gates testified that he and Manafort had 15 foreign accounts they did not report to the USA government, and knew that was illegal. Under cross examination, she said at the time she believed Manafort was directing Gates' actions and "knew what was going on".
    Matches to Make After UFC 227

    Matches to Make After UFC 227

    But Garbrandt got too excited and rushed in with winging punches, whereas Dillashaw stayed technical with straight shots.
  • Body Found on New Mexico Compound Where 11 Kids Were Discovered

    Body Found on New Mexico Compound Where 11 Kids Were Discovered

    Tyler Anderson, who lives near the compound, believes the group had moved to the area to live off the grid, just as he had done. It's because of Abdul-Ghani's disability that police were able to estimate that he was recently at the compound, CNN reports .
    Oil steadies to trade higher after losses

    Oil steadies to trade higher after losses

    Oil prices went down on Friday amid rising supplies from countries including Russian Federation and Saudi Arabia. Concerns about demand from China also increased Friday as state oil major Sinopec cut its purchases of US crude.
    Motorola Z3 is 'first' 5G-enabled smartphone thanks to Moto Mod add-on

    Motorola Z3 is 'first' 5G-enabled smartphone thanks to Moto Mod add-on

    The phone includes a dual 12MP rear camera setup, with one being a black & white sensor, as well as a front-facing 8MP sensor. As confirmed on Twitter and by many news outlets such as Neowin , Moto says it won't be making any more Z3 devices this year.
  • Jose Mourinho Eyed For Big Job

    Jose Mourinho Eyed For Big Job

    Things have not come easy for Paul Pogba at Manchester United , and it appears to be taking its toll. However, Mourinho disputed suggestions that it's down to him to get the best out of Pogba.
    McGregor and Nurmagomedov agreed to battle known date

    McGregor and Nurmagomedov agreed to battle known date

    As part of a deal with prosecutors McGregor was also ordered to undertake an anger management class. Nate Diaz last fought in the UFC nearly two years ago in a five-round war with Conor McGregor .
    Iranian Oil Imports Will Not Be Decreased, China Tells US

    Iranian Oil Imports Will Not Be Decreased, China Tells US

    The controversial move was preceded by a deadly crush of Hajj pilgrims in September 2015, which killed more than 460 Iranians. A second wave of sanctions will be re-imposed in November that target Iran's energy and banking sectors.