• About
  • Advertise
  • Privacy & Policy
  • Contact
Newstitbits
Advertisement
  • HOME
  • NEWS
    Mahama advocates for development of new city to alleviate Accra’s overpopulation

    Mahama advocates for development of new city to alleviate Accra’s overpopulation

    President John Dramani Mahama

    National Sanitation Day to be enforced, offenders will face sanctions – Mahama

    DWM marks 42nd anniversary; touts role in gender equality and women’s rights

    DWM celebrates 43 years of empowering Ghanaian women

    The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey

    The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey

    US Embassy issued 25,000 visas to Ghanaians in 2024

    US Embassy issued 25,000 visas to Ghanaians in 2024

    Inspector-General of Police, Mr. Christian Tetteh Yohuno, (left), in a tete-a-tete with Special Prosecutor, Mr. Kissi Agyebeng

    Special Prosecutor, IGP pledge closer anti-corruption cooperation

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
  • HOME
  • NEWS
    Mahama advocates for development of new city to alleviate Accra’s overpopulation

    Mahama advocates for development of new city to alleviate Accra’s overpopulation

    President John Dramani Mahama

    National Sanitation Day to be enforced, offenders will face sanctions – Mahama

    DWM marks 42nd anniversary; touts role in gender equality and women’s rights

    DWM celebrates 43 years of empowering Ghanaian women

    The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey

    The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey

    US Embassy issued 25,000 visas to Ghanaians in 2024

    US Embassy issued 25,000 visas to Ghanaians in 2024

    Inspector-General of Police, Mr. Christian Tetteh Yohuno, (left), in a tete-a-tete with Special Prosecutor, Mr. Kissi Agyebeng

    Special Prosecutor, IGP pledge closer anti-corruption cooperation

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
Newstitbits
No Result
View All Result

Trump threatens huge new tariffs on China

June 19, 2018
Reading Time: 4 mins read

[caption id="attachment_89166" align="aligncenter" width="660"]The new threat comes after Beijing vowed to retaliate against US tariffs on $50bn worth of Chinese goods The new threat comes after Beijing vowed to retaliate against US tariffs on $50bn worth of Chinese goods pic: AFP[/caption]

US President Donald Trump has threatened to impose tariffs on an additional $200bn (£151bn) of Chinese goods in a growing trade row.

Mr Trump said the 10% tariffs would come into effect if China “refuses to change its practices”. The move would be a major escalation of the dispute. World stock markets have suffered sharp falls as a result. China responded by accusing the US of “blackmail”, raising fears of a full-blown trade war. Mr Trump insists that China has been unfairly benefitting from a trade imbalance with the US for years. During the 2016 election campaign, he promised to use tariffs to cut the US trade deficits. But many economists have warned that tariffs are likely to make products more expensive for US consumers and hurt some of the businesses the administration is trying to protect, which depend on China for parts or assembly. Asian markets sank on Tuesday in response to the latest news. Global shares had already fallen on Monday. How did the latest spat unfold? Last week, Mr Trump announced the US would impose 25% tariffs on $50bn worth of Chinese goods. Beijing responded by saying it would hit 659 US products worth $50bn – including agricultural products, cars and marine products – with a similar tax.
Late on Monday, the US president condemned China’s “unfair practices related to the acquisition of American intellectual property and technology”. He added: “Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong.” Mr Trump added that new tariffs would “go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced”. “If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods.” China’s commerce ministry reacted swiftly, saying: “If the US acts irrationally and issues a list, China will have no choice but to take comprehensive measures of a corresponding number and quality and take strong, powerful countermeasures.” What products are affected? The US tariffs previously announced affect more than 800 Chinese products worth $34bn in annual trade. They are due to come into effect on 6 July. The product lines range from aircraft tyres to turbines and commercial dishwashers. In his latest statement, Mr Trump said that he had asked his advisers to identify additional Chinese products on which to impose new tariffs.
US trade in goods with China
The Trump administration says China encourages transfer of intellectual property – design and product ideas – to Chinese companies, through measures such as requiring that foreign firms share ownership with local partners to access the Chinese market. The US announced plans for tariffs in April, after an investigation into China’s intellectual property practices. On 1 June, the Trump administration separately imposed a 25% tariff on steel imports and 10% on aluminium imports, citing security reasons.
Goods impacted by tariffs

Source: BBC

]]>

Previous Post

Rains: Parts of Accra partly submerged, many trapped in homes

Next Post

XXXTentacion, controversial rapper, shot dead in Florida aged 20

Related Posts

Donald Trump

Supreme Court to rule if Trump can run for president

Ghana will achieve debt sustainability — Chinese envoy

No problem with Chinese involvement in Ghana’s economy – Nana Addo

No problem with Chinese involvement in Ghana’s economy – Nana Addo

China increases Ghana’s confidence to secure IMF Board approval

China increases Ghana’s confidence to secure IMF Board approval

Next Post

XXXTentacion, controversial rapper, shot dead in Florida aged 20

Controversial goal as Senegal beat Poland

Recent Posts

  • Mahama advocates for development of new city to alleviate Accra’s overpopulation
  • COCOBOD: Samuel Ofosu Ampofo-led Board pledges to revive cocoa sector
  • National Sanitation Day to be enforced, offenders will face sanctions – Mahama
  • DWM celebrates 43 years of empowering Ghanaian women
  • Ghana mourns the passing of Highlife legend Dada KD
  • Upstream petroleum oversight: GRA affirms SML suspension but…
  • The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey
  • Dollar gift to Agradaa no match for Cecilia Dapaah scandal – Dr. Tanko Computer fires NPP

Popular Stories

  • The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey

    The OHS Bill: A Game Changer for Ghana’s Workforce and Economy – Eric Siaw Nartey

    0 shares
    Share 0 Tweet 0
  • Ghana mourns the passing of Highlife legend Dada KD

    0 shares
    Share 0 Tweet 0
  • Mahama advocates for development of new city to alleviate Accra’s overpopulation

    0 shares
    Share 0 Tweet 0
  • Dollar gift to Agradaa no match for Cecilia Dapaah scandal – Dr. Tanko Computer fires NPP

    0 shares
    Share 0 Tweet 0
  • COCOBOD: Samuel Ofosu Ampofo-led Board pledges to revive cocoa sector

    0 shares
    Share 0 Tweet 0

ABOUT US

Newstitbits.com is a 21st Century journalism providing the needed independent, credible, fair and reliable alternative in comprehensive news delivering that promotes knowledge, political stability and economic prosperity.

Contact us: [email protected]

@2023 – Newstitbits.com. All Rights Reserved.

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • NEWS
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH

@2024 - Newstitbits.com. All Rights Reserved.