US Lawmakers Want China's Confucius Institutes to Register as Foreign Agents
25 March, 2018, 00:44 | Author: Marjorie Miles
After President Donald Trump announced plans to impose tariffs on products including Chinese steel, Beijing responded Friday with a threat to slap an equal 25 percent charge on US products such as pork, and a 15 percent tariff on such things as wine, apples, ethanol and stainless-steel pipe. The USTR will announce the proposed list in the next "several days", according to the fact sheet.
Kevin Lin (林成蔭), vice president of investment consultancy Caizischool Co (財子學堂), said that while a trade war between the United States and China would impact the Taiwanese stock market, it is unlikely to immediately cause record fluctuations in the local market.
Around midday, the Dow Jones Industrial Average lost 2.31 points, or 0.01 per cent, to 23,955.58. "Yet China is absolutely not afraid of trade wars", an unnamed commerce ministry spokesperson said in a Chinese-language statement.
The Yale professor pointed out that, following Trump's logic, China's trade surplus with the United States is because "the Chinese are selling more to us then we're selling to them".
Avoid fake news! Subscribe to the Standard SMS service and receive factual, verified breaking news as it happens. Earlier this month, Trump signed an order to slap taxes of 25% on steel and 10% on aluminum products imported from countries including China. The measures, or the suspension of tariff concessions, will target 128 items including pork, wines and seamless steel tubes, the Ministry of Commerce said.
But some labor unions and Democrats said Trump was justified in delivering a swift blow to China after years of a lax response from the U.S.
"We have heard from many of our trading partners that they share many of these concerns", the official said.
But China is less dependent on US trade now than it was a decade ago, making its economy resilient to these sorts of punitive measures.
The Commerce Ministry said higher duties on pork, apples, steel pipe and other goods would offset Chinese losses due to Trump's tariff hike on steel and aluminum imports.
In a second step, a 25 percent tariff would be imposed on eight goods totalling almost $2 billion, including pork and aluminium scrap, after "further evaluating the impact of the USA measures on China", the statement said. Then he announced the steel and aluminum tariffs, saying reliance on imported metals jeopardizes US national security.
His closest economic advisers and surrogates keep telling the public not to fear a trade war.
The inevitable fall in demand from a full-blown trade war would spell trouble for all the economies supplying the United States and China.
Judge temporarily blocks 15-week abortion ban
We will fight this unconstitutional ban and ensure that women can access legal and safe abortion care, no matter their zip code. Tate Reeves echoed that sentiment Monday, tweeting "It's a great day in Mississippi" along with a picture of the signing.
US Vice President Mike Pence hailed the new measures, saying they made it clear "the era of economic surrender is over".
On the economic front, the USA new orders for manufactured durable goods in February increased $7.4 billion, or 3.1 per cent, to $247.7 billion, the Commerce Department said on Friday.
Lighthizer indicated the industries could include aerospace, maritime and rail transport equipment, and new energy vehicles. The Treasury Department will also propose additional measures.
In addition to the tariffs, the USA also plans to impose new investment restrictions, take action against China at the World Trade Organisation while the Treasury Department also will propose additional measures.
The senior United States official said Washington was "very optimistic" that allies such as Europe, Japan and Australia would join its WTO case.
Shen said China knows that it has benefited "in unfair ways" from trade between the two nations and is prepared to open its markets further. "It's encouraging - we would like to participate in a process that helps educate the administration on potential downstream harms of the tariffs", said David French, the chief lobbyist for the National Retail Federation, which was among a group of 45 trade associations that is urging Mr. Trump to refrain from imposing tariffs. But he declared the US would emerge "much stronger, much richer".
Promo Released For Next Week's Legends of Tomorrow
Now it turns out that if the Waverider keeps flying, a certain rake at the gates of hell will be joining the team for good. The sneak peek for his arrival is enough to excite any DC Comics fan and builds more anticipation for his animated series.
Both benchmarks posted a daily gain of more than three percent, and reached their highest level since February 2. The Energy Information Administration will issue its weekly update on US petroleum supplies Wednesday.
Race and Race 2 were directed by Abbas Mustan while the third part of the popular franchise is being directed by Remo D'Souza. Apart from Salman and Jacqueline, Race 3 also stars Saquib Salem, Daisy Shah, Bobby Deol and Anil Kapoor in key roles.
Spokesmen for Baillie Gifford and Chinese internet giant Tencent Holdings Ltd. were not immediately available to comment . Tesla Inc (NASDAQ: TSLA ) has approved CEO Elon Musk's pay package, according to sources close to the company.
Approximately 11.15am: Gunshots are reported at a Super U supermarket in the town of Trebes as Lakdim storms in, taking hostages. Despite this, Paris prosecutor Francois Molins said there was "no warning sign" that Lakdim would carry out an attack.
Quinn Cook figures to continue filling in for him at point guard should he ultimately be forced to miss more time. Omri Casspi (Out - Ankle): The Warriors have listed Casspi as OUT for Friday's game (Mar. 23) against the Hawks.
Earlier today, the Jacksonville Jaguars announced the release of wide receiver Allen Hurns to save $7 million in cap space. The Jets have plenty of money available, especially considering how much they had set aside to make a run at Kirk Cousins.
Mattis spoke at the start of a Pentagon meeting with Saudi Crown Prince Mohammed bin Salman, who is on a three-week US visit. Mattis told reporters he was also going to bring up the need to reduce civilian casualties when meeting the prince.
Meanwhile, British diplomats expelled from Russian Federation have left the embassy in Moscow ahead of Russia's deadline. A British judge said on March 22 that they may have suffered brain damage and the prospects for recovery were uncertain.
Bashir Manzo, who heads a parents' support group in Dapchi, said: "These girls were not accompanied by any security personnel". Many of the Nigerian schoolgirls abducted from their village a month ago have just been released back to their families.
Not notifying TB cases a crime
At that time the deadly disease had nearly the full Europe and America under its suffering. There is an increase in MDR TB patients in last few years.
Melania Trump recognises 10 women with global courage awards
Daniels' lawyer said in an interview with TODAY Show on March 7 that his client had in fact had a sexual relationship with Donald. Stormy Daniels attends the 2018 Adult Video News Awards at the Hard Rock Hotel & Casino on January 27, 2018 in Las Vegas.
Usain Bolt claims he'll return to Dortmund
So it should come as no surprise that Bolt will be training with German soccer club Borussia Dortmund on Friday. But the BVB coach, who used to play for the Austrian national team, said Bolt shouldn't get his hopes too high.
Powerball ticket worth $100K sold in Upstate
Under the name "Good Karma Family 2018", the anonymous victor chose the lump-sum cash option of $352 million, Reuters reported . "We encourage whoever won to sign the back of that ticket, put it somewhere very safe", Svitko said .
Trump, tariffs, trade: What's at stake?
And what's more, Germany, the United Kingdom, Sweden and others in Europe are trying to negotiate a European Union-wide exemption. All three countries and others have called on Trump to exempt their countries from the tariffs.
South Korea's K-pop singers to perform in Pyongyang
North Korea has been notified of the schedule "as well as the defensive nature" of the exercises, the Pentagon said. Last year, Foal Eagle began on March 1 and continued until the end of April, lasting a total of two months.
The Banner Saga 3 concludes the series on Nintendo Switch
Bad North is being published by Raw Fury (Kingdom, GoNNER) and set to wash up on Switch shores sometime this summer. Timing details weren't provided, but its safe to say that the Nintendo Switch is a flawless platform for the series.