Wednesday, 19 December, 2018

Trump issues $267bn tariff threat to China ahead of trade talks

Apple Stock Drops as Trump Discusses Potential iPhone Tariff Trump says he expects to raise tariffs on US$200b of Chinese imports to 25%
Lloyd Bates | 28 November, 2018, 08:57

If Trump decides to impose additional tariffs, the hiked taxes would apply to a total of over $517 billion of Chinese goods.

Cui Tiankai, China's ambassador to the US, participates in the U.S.

"I happen to be a tariff person because I'm a smart person, OK?" he told the Wall Street Journal. "I mean, I can make it 10 percent, and people could stand that very easily", he said. Apple CEO Tim Cook had lobbied the president to keep its popular iPhone free from tariffs.

All three major USA indexes finished positive after spending much of the session in negative territory, as Kudlow said there is an opportunity to "turn the page" on a trade war with China. "We have an opportunity to extend that optimism, break some new ground", Kudlow said.

An escalation of the Sino-American trade conflict could lead to a repeat of the great catastrophes of the 20th century, a Chinese envoy has warned, just as Donald Trump once again threatened to slap China with additional tariffs.

Despite using contract manufacturers to make most of its products overseas, Apple has also sought to emphasise its contribution to the United States economy, saying it plans to spend about US$55 billion in 2018 with its US-based suppliers.

Separately, Trump told the Wall Street Journal that he expected to move ahead with raising tariffs on $200bn in Chinese imports to 25pc from 10pc now. "President Trump has indicated he is open - now we need to know if President Xi is open".

Tom Brady Was Every Michigan Fan Reacting To Humiliating Ohio State Loss
Oklahoma's best win was on the road against West Virginia, a game in which the Sooners gave up more than 700 yards and allowed 56. This season for Ohio State has been anything but normal, beginning with its celebrated coach suspended for three games.

Key points in the EU-UK Brexit agreement
Instead, they say she sought to mitigate possible disaster after Britons voted to leave the world's richest free-trade zone. "This is the best deal for the United Kingdom , the best deal for Europe, this is the only deal possible", Juncker said.

Prince Harry and Duchess Meghan are moving to Windsor
The Duke and Duchess of Sussex are expected to welcome their bundle of joy to the world in the United Kingdom spring. It was initially claimed the move next door to the Queen was down to "tension" between brothers Harry and William.

"Maybe. Maybe. Depends on what the rate is", Trump said, talking about phones and laptop computers. He declined to say what other US officials will join Trump in the session.

Investors are looking out for this weekend's highly anticipated meeting between Mr Trump and Chinese President Xi Jinping at the G20 summit in Argentina - and whether they take any concrete steps to resolve their countries' trade dispute.

A Chinese official told reporters last week that the two leaders would look to set guidelines for future talks.

China will have to give way on "fairness and reciprocity", he said, warning that United States concerns over intellectual property theft and China's forced technology transfers "must be solved".

Trump added: "I don't like that aggression". Since then, communications have picked up between the two sides, said Kudlow.

'We can buy from Japan and South Korea or develop our own.

Reports suggest that the U.S. government and China are close to closing a deal which could help reverse ZTE's failing fortunes.

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