Tuesday, 25 September, 2018

China accuses Trump of damaging global trade after hiking steel, aluminum tariffs

China accuses Trump of damaging global trade after hiking steel, aluminum tariffs China accuses Trump of damaging global trade after hiking steel, aluminum tariffs
Charlie Simmons | 10 March, 2018, 01:45

Wang spoke on the fringes of China's annual, largely ceremonial legislative session at a news conference, where he was asked whether China's recent efforts to push for peace talks in Myanmar and between Israeli and Palestinian delegations, for instance, represented a shift in its longstanding non-interference foreign policy.

"Although the "China Threat Theory" has now been reprinted, it's even less persuasive because facts speak louder than words", Wang said, citing China's economic growth and contributions to world peace at the United Nations.

China does not want a trade war, but it will respond in event of a rise in tariffs that harm its interests.

It is expected that in coming weeks Trump administration will publish a report on intellectual property ft that clearly points to China as one of offenders, which could lead to or trade measures against Beijing.

Trump sent out an unusual tweet Wednesday announcing that his administration had requested China "develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States".

"The US is acting swiftly on Intellectual Property theft".

Last week, Trump said "trade wars are good, and easy to win" when the U.S.is losing billions on trade.

"They had candid discussions about India-China bilateral relations and enhancing mutual exchanges", it said.

More news: How to install Android P Developer Preview on Google Pixel smartphones
More news: White House Won't Pull Hatch On Embattled Kellyanne Conway Just Yet
More news: Chiefs were also offered LB Alec Ogletree in Marcus Peters trade

He pointed out that as a permanent member of the UN Security Council, China takes seriously of its responsibility for maintaining worldwide security.

Trump's tweets follow China's moves to resolve the simmering trade tensions.

Trade tensions between the world's two largest economies have risen since President Trump took office in 2017, and although China accounts for only a small fraction of U.S. steel imports, its massive industry expansion has helped create a global glut of steel that has driven down prices.

A senior South Korean official said the tariffs would impact the renegotiation of the bilateral free trade deal with the United States that is now underway. Europe has threatened to retaliate with sanctions on USA exports of blue jeans, bourbon and Harley-Davidson motorcycles, raising the risk of a potentially destructive trade war. That left it with a trade surplus of $33.74 billion for the month, and a January-February trade surplus with the United States of $42.92 billion. "But there are few alternative sources for the main products the USA buys from China", the research firm said in a note on Wednesday.

Diplomatic and USA business sources say the United States has all but frozen a formal mechanism for talks on commercial disputes with China because it is not satisfied it has met its promises to ease market restrictions.

Data on Thursday showed Chinese exports were up 44.5 percent in February from a year earlier.

In Sydney, Prime Minister Malcolm Turnbull sounded confident of getting favourable treatment as Trump spoke of Washington's strong relationship with Australia, a major exporter of iron ore but exports little steel and the United States was not a major customer.

Recommended

PUBG 2018 roadmap confirms new 4x4km map and emote system PUBG 2018 roadmap confirms new 4x4km map and emote system Just like any online game with a huge pool of players and enormous popularity, PUBG aims to eventually enter into eSports. Rounding out the new changes will be achievements, in-game squad voice chat and an in-game friends list.

Rimac unveils the 1900 HP Concept Two electric hypercar Rimac unveils the 1900 HP Concept Two electric hypercar Furthermore, Rimac also claim the auto has "level 4 autonomous technologies", which in layman's terms means it can drive itself. Such claims put it on a collision course with the new Tesla Roadster , said to charge from 0-60 in 1.9 seconds.

Gunman takes hostages at Yountville veterans home Gunman takes hostages at Yountville veterans home Jan Thornton of Vallejo, California, was among hundreds of relatives anxious how their loved ones were coping with the lockdown. CHP is also responding with aerial resources and sending a SWAT team to assist the Napa County Sheriff's Office on scene.

Saudi-UK cooperation is a two-way street Saudi-UK cooperation is a two-way street The Saudi prince also accused Turkey of trying to reinstate the Islamic Caliphate, abolished almost a century ago when the Ottoman Empire collapsed.

US Jobs Report: Oil, Gas Jobs Added in February US Jobs Report: Oil, Gas Jobs Added in February The news comes on the heels of reports that US consumers have also enjoyed the largest surge in disposable income since 2015. But it offered "a false picture of a "Goldilocks" economy" for financial markets, she said in a research note.

"Underlying technology issue" sees Sydney Airport hit by delays The airport is now experiencing technical issues at security and check-in desks, causing major interruptions to outbound flights. A spokeswoman for Qantas told Daily Mail Australia terminal 3 had not been affected, and flights were running as normal.

Chip Gaines and Joanna Gaines Are Having a Baby Boy! Chip Gaines and Joanna Gaines Are Having a Baby Boy! Gaines met Gage , the little boy in the video, at a golf outing for the Tim Tebow Foundation in Florida. We're thrilled for the HGTV stars but, really, in this video, it's Gage who's melting our hearts.

China defends hike in military spending China defends hike in military spending Perhaps the most relevant comparison of military budgets is between China and its rival India. China's "intent is not clearly understood", he said.

Paul Manafort pleads not guilty in Virginia Paul Manafort pleads not guilty in Virginia Ellis III picked the July date, though he did not foreclose the possibility of granting an extension to the defense if warranted. Manafort is facing two federal trials because he declined an offer from prosecutors to consolidate the charges in one court.

Harrison Ford The Force Is Still Strong With Carrie Harrison Ford The Force Is Still Strong With Carrie He has since returned to the role in the latest installments of the franchise, " The Force Awakens " and " The Last Jedi ". You just focus on the work and putting one foot in front of the other, and I guess if you hang around long enough..."

Hadiya case: SC upholds marriage, raps Kerala HC order; top 10 developments Hadiya case: SC upholds marriage, raps Kerala HC order; top 10 developments The apex court had earlier allowed her to resume her Bachelors in Homeopatic Medicine and Surgery (BMHS) at a Salem-based college. Her family alleged she was brainwashed as part of an anti-Hindu conspiracy, prompting a lower court to annul the marriage.

Iran Rejects French Calls to Stop Developing Missile Program Iran Rejects French Calls to Stop Developing Missile Program Besides, Europe should not allow the United States to pose "illogical and illegal" demands concerning Iran's nuclear deal, Zarif said .

Broadcom vows to invest $1.5B to train United States engineers Broadcom vows to invest $1.5B to train United States  engineers In its letter, treasury heaped praise on Qualcomm for having "led the mobile revolution in digital communications technologies". On Wednesday, Broadcom tried to assure regulators that it is emphasizing investments in research and development.

US announces $533m for Nigeria, others as Tillerson begins Africa tour US announces $533m for Nigeria, others as Tillerson begins Africa tour The energy behemoth has significant business dealings in sub-Saharan Africa, including in Chad, Nigeria and Equatorial Guinea. But word emerged Tuesday that the administration would start approving elephant trophy importing on a "case-by-case" basis.

Winter storm updates: Thundersnow, NYC flights canceled, thousands without power Winter storm updates: Thundersnow, NYC flights canceled, thousands without power The weather service expects travel to be "very hard to almost impossible" due during the evening commuting hours. Thunder and lightning are much more common in warm-season thunderstorms, according to meteorologist Jeff Haby.