China ready to pay any price in trade war with US

Trump wants to levy additional $100B in tariffs against China

Amid rising concern about a possible trade war between the USA and China, Donald Trump said on Sunday Beijing will ease trade barriers "because it is the right thing to do", thereby allowing the economic superpowers to settle the disputes that have rattled financial markets, consumers and businesses.

China warned on Friday it was ready with a "fierce counter strike" of fresh trade measures if the United States follows through on President Donald Trump's threat to slap tariffs on an additional $100 billion of Chinese goods.

However, two of the president's top economic advisers simultaneously offered mixed messages as to the best approach to China, which has threatened to retaliate if Washington follows through with proposed tariffs. Treasury Secretary Steven Mnuchin (mih-NOO'-shin) told CNBC he was "cautiously optimistic" that the US and China could reach an agreement before any tariffs are implemented.

In response, China announced tariffs up to 25 percent on USA exports to China, including farm products, especially corn, soybeans and hogs, which come primarily from the Midwest.

"We are sealing up our Southern Border", Trump wrote.

The Sox are 8-1, But Now The Season Really Begins
He said he's most surprised by his team's early-season defense because "halfway through spring training I was anxious ". Boone told me during a 2016 conversation about the home run that came at the height of the Yankees-Red Sox rivalry.

The President did not provide a reason for the statement or say whether China had indicated it planned to drop its tariffs. The US sold about $130bn in goods to China in 2017 and faces a potentially devastating hit if China responds in kind. "Great future for both countries!"

The White House said yesterday it has initiated a World Trade Organisation dispute against China and is examining potential restrictions on Chinese investment.

"China is guilty of many things, but the President has no actual plan to win right now". "The risk is that the threat-for-threat process spins out of control and we end up in a position in which leadership on both sides find it hard to negotiate to a suitable outcome", he said.

Chinese direct investment in the U.S. has grown quickly in the past decade to nearly US$70 billion, fast approaching the US$75 billion that the USA has invested in China over several decades.

Related News:

  • Woman who set fire that killed 4 children gets out of prison

    In September, Hannick also offered to go to the bank for her to withdraw money to pay her rent and electric bill, police said. In late March, a woman on a dating app was contacted by a man asking her if she wanted to make money, an affidavit said.
    WWE's Paige Announces Retirement On Raw

    WWE's Paige Announces Retirement On Raw

    But last night's Raw also included a moment that fans didn't want to see, the retirement of popular star Paige . The 25-year-old was injured on December 27 while competing in a six-woman Tag Team Match at a WWE house show.
    So, TJ Miller was arrested for allegedly faking a bomb threat

    So, TJ Miller was arrested for allegedly faking a bomb threat

    Miller has been arrested and charged with allegedly calling in a false bomb threat last month on an Amtrak train traveling to NY . Miller has been arrested on federal charges after he made up a story last month about a woman having a bomb on a train, a U.S.
  • Comedian Jimmy Kimmel tones down feud with Sean Hannity with apology

    Comedian Jimmy Kimmel tones down feud with Sean Hannity with apology

    He slammed the host during his prime-time Fox News show, by name-calling Kimmel a "despicable disgrace" and an "ass clown ". The feud began after Hannity had sharply criticized Kimmel for mocking First Lady Melania Trump's accent last week.
    Erdogan criticizes Russia, says Turkey to decide future of Syria's Afrin

    Erdogan criticizes Russia, says Turkey to decide future of Syria's Afrin

    Responding to Lavrov's comments, the Turkish President said his government would hand over Afrin to its residents "when the time comes".

    Peel schools paying tribute to Humboldt Broncos bus crash victims

    The Office of the Chief Coroner has apologized for the misidentification, offering condolences to Tobin's family. The Humboldt Broncos were on their way to a playoff game Friday in Nipawin when the crash took place.
  • Lewis Hamilton questions Max Verstappen's maturity

    Lewis Hamilton questions Max Verstappen's maturity

    The Dutchman is now into his fourth season in the sport and has already been tipped for greatness having won three races thus far. The points were the first of the 22-year-old Frenchman's Formula One career in his seventh start.
    Panthers spoil Bruins' bid for top seed in East

    Panthers spoil Bruins' bid for top seed in East

    That's the positive spin given by Bruins coach Bruce Cassidy after a disheartening 4-2 loss to the Panthers at the Garden. Thought the season series did not go in the Bruins favor, the playoffs are a different animal and anything can happen.
    FBI's Cohen Raid: Legal Experts Weigh In

    FBI's Cohen Raid: Legal Experts Weigh In

    One person familiar with the probe said investigators have been gathering material on Cohen for weeks, including his bank records. Just five days ago, Trump broke his public silence on Daniels, saying he did not know anything about Cohen's payment to her.
  • United States  considers sale of advanced weapons to Qatar

    United States considers sale of advanced weapons to Qatar

    Still, Qatar's neighbors are isolating the country, diplomatically and financially. Qatar denies that cost however has taken steps to deal with US considerations.
    Overpass rips roof off bus; students injured

    Overpass rips roof off bus; students injured

    A charter bus carrying teenagers has struck a bridge overpass on Long island , mangling the entire length of the top of the bus. Traffic moving in both directions was stalled following the incident, as fire and police officials inspected the bus and scene.
    Humiliation for Corbyn: Labour leader squirms over Maureen Lipman's quit calls

    Humiliation for Corbyn: Labour leader squirms over Maureen Lipman's quit calls

    The announcement was made via a statement by a party spokesperson, who quoted a letter written by leader Avi Gabbay to Corbyn. Israeli Labour is part of the "Zionist Union" faction in Israel's Knesset that controls 24 of the legislature's 120 seats.


Most liked

Commonwealth Games: Transgender Kiwi star's injury could be 'career-ending'
Weightlifter Laurel Hubbard's injury to her elbow from yesterday's Commonwealth Games final could be career-ending, she says. In 2017, she competed in the heaviest 90kg plus category in the Australian International and Australian Open in Melbourne.

The Never-Ending Saga Of The Audi E-Tron Continues
The E-Tron Vision Gran Turismo weighs a little less than 3,200 pounds, and the weight distribution is said to be ideal 50:50. Then Porsche was tasked with developing the Mission E battery electric sedan and the Audi E-Tron faded into the background.

Bill Clinton hails 'genius' of N.Ireland peace deal 20 years on
FORMER US President Bill Clinton will speak in Belfast later today to mark the 20th anniversary of the Good Friday Agreement . For more than a year, the DUP and Sinn Fein have refused to share power in Stormont.

Google Home Mini Smart speaker, Price and Specifications
The top has LEDs that provide visual feedback when the Home recognises "Hey Google" - so you know when it's listening. The four LED lights underneath the fabric that light up to show the user when it hears them or when it's thinking.

Will County Health Department warns about synthetic cannabinoids
Two people in their 20s died last week; the third death was a man in his 40s, according to Illinois Department of Public Health .

Kate expectations as road set for royal birth
The baby's sex is also a secret - even to the Duke and Duchess, who chose not to find out if they were expecting a boy or a girl. Given the first two royal baby names, it's no surprise that the bookies have picked very traditional names for their line-ups.

Crude Gains as Trade Tensions Ease
Analysts said Xi's comments greatly relieved market anxiety for a potential trade war between the world's two largest economies. Among refined products, May gasoline rose 2.9% to $2.041 a gallon and May heating oil added 3.4% to $2.065 a gallon.

Dhawan stars in SRH's win over Rajasthan Royals
Top that off with an unbeaten-36 to anchor the innings alongside Dhawan and it's a big tick for the new captain in game one. Delhi scored 166 in the first innings of the match as captain Gautam Gambhir led from the front with a half century.

Ghanaian football fans excited about Barcelona's defeat to AS Roma
Liverpool talisman Mohamed Salah struck the equalizer in the 56th minute before Roberto Firmino added a second in the 77th. Dzeko made a hard finish look easy as he opened the scoring in the first half, while he won the penalty for Roma's second.

Apple Goes Completely Green; Now Powered With 100 Percent Clean Energy
Alongside its own commitments, Apple has been on a mission to get its suppliers to commit to a greener lifestyle. In the future, Jackson indicated Apple could require suppliers to operate with 100 percent clean energy .

Kyle Busch wins at Texas for 1st victory of year
I think the first set of tires that came off the tire looked great. "We weren't as good behind him as we were in front of him". Harvick said he was sabotaged by a series of mishaps stemming from the pit guns used to change tires.

Fortnite Port-a-Fort feature arrives tomorrow in version 3.5 update
We expect that the new item will be added to the game as part of the next update which is set to happen on Thursday 12th April. The Port-a-Fort item isn't in the game yet, so we don't know how it will change things.

Day 6 of Oklahoma teacher walkout
Teachers wanted a repeal of the capital gains tax exemption, which could provide the state with more than $100 million in revenue. Outside the station, about 200 to 300 teachers protested. "We stand firm, and we've got to have funding for our schools".

American Idol: Who Made Top 14?
Allen was so happy with the song, in fact, that he jokingly admitted to the judges he may never sing it alone again. Spring was in a group of 12 singers that performed solos Sunday night and then duets with established stars Monday.

Harry and Meghan don't have to invite politicians to wedding
Rumors about the guest list - specifically the inclusion or not of the Obamas and President Trump - have been swirling for months. Others will include members of the couple's charities, local schoolkids and members of the Royal Household and Crown Estate.