Trump to Unveil Massive 'Package of Tariffs' Against China

Not Released

US President Donald Trump will soon "crack down" on China after receiving recommendations about the country's trade and intellectual property rules, White House trade adviser Peter Navarro said.

The head of the National Retail Federation, whose members include department store chains, grocery stores and other merchants around the world, also raised objections to the tariffs Thursday, calling them a tax on all Americans. However, such applications are typically onerous, so many middle-market companies may need assistance from their trade advisors or lawyers.

Tusk said there was still time to improve relations and urged Trump to deliver on his promise to exempt "real friends" from the tariffs.

But his boss is impatient for action, and some trade analysts say they expect an announcement of new US trade measures next week.

The move drew consternation outside the U.S.

.

A source said the tariffs are associated with an investigation into intellectual property theft, which is a big issue with China. The European Union has announced plans to retaliate against USA exports, but in the end the EU may negotiate - and agree to reduce current tariffs on United States products that exceed U.S. tariffs on European products.

The European Commission on Monday again requested from Washington that the EU be exempted from additional duties on aluminium and steel that President Donald J. Trump signed into law last week.

Shane McMahon to Makes WrestleMania Announcement
A desperate Cena may hear the bell toll or a motorcycle rev very soon if his fight against The Undertaker is going to happen. It was the payoff of Luke Harper and Erick Rowan crossing paths with the other two teams, without interaction, for weeks.

Shadow of the Tomb Raider Officially Revealed With Teaser Trailer
Lara's Journey - Lara uncovers an ancient mystery that places her in the cross-hairs of a ruthless organization known as Trinity. Those involved in the development of the " Tomb Raider " reboot were very much aware of this problem from the outset, though.

Case Keenum Intends To Sign With Broncos In Free Agency
Denver also has the No. 5 overall pick in this year's NFL Draft but should be off the board for taking an early QB. Former Broncos coach and current front office consultant Gary Kubiak coached Keenum when he was with the Texans .

Since China entered the World Trade Organization (WTO) in 2001, there have been 3.2 million American jobs lost with 2.4 million of those jobs coming from the USA manufacturing sector.

While that is not a lot for the economy as a whole, it would be painful for the individual industry.

The Trump administration wants to reduce the USA trade deficit and to boost aluminum production, now below 50% of capacity, to above 80% and to boost steel production to a similar level from about 70% of capacity utilization today. -China partnership is symbiotic: The United States needs China to buy soybeans, and Beijing needs that supply to make pig feed to sustain its vital pork industry.

This brings us back to the proposed tariffs on steel and aluminum. That would hurt producers but boost profits of construction and other industries in Southeast Asia.

The Chinese have been stealing our technology and cheating on trade for years, and we do nothing about it because businesses think it's still worth it and past administrations don't want to pick a fight.

The EU says in place of tariffs, the US should try to reduce a surplus of steel and aluminum on global markets, which experts says is primarily due to China's overproduction in recent years. The latter is set to take the decision to the World Trade Organization (WTO) and has prepared countermeasures that include imposing tariffs on certain US products.

"The president told him it wasn't enough", said a second executive.

Related news:

Hot News

isis-killer-beheading-video-story-top Smoking tied to higher risk of hearing loss
Mar 16, 2018 - 02:03
Matthew Myers , president of Campaign for Tobacco-Free Kids, warned of the dangers of taking it too slow. FDA Commissioner Scott Gottlieb announced the change in a statement .

isis-killer-beheading-video-story-top Wilshere recalled by England after two years in global wilderness
Mar 16, 2018 - 02:02
The Three Lions will take on the Netherlands on 23 March, before playing hosts to Italy on 27 March. But based on the briefings he has received, he said: "We are preparing to go to the World Cup".

isis-killer-beheading-video-story-top Family heartbroken by death of dog in jet's overhead bin
Mar 16, 2018 - 01:59
The airline was responsible for 18 out of 24 such incidents while Delta and American Airlines only reported two such deaths each. It reads: "This was a tragic accident that should never have occurred, as pets should never be placed in the overhead bin".

isis-killer-beheading-video-story-top Pochettino: Positive Kane focused on recovery
Mar 16, 2018 - 01:58
The Spurs boss added: "The reality is with his crutch and boot, we need to assess him day by day and look at the reaction". "With different players, it's the same", Pochettino said.

isis-killer-beheading-video-story-top Tiger Woods makes strong start at PGA event at Bay Hill
Mar 16, 2018 - 01:57
Woods looks to be going from strength to strength with this touch of finesse on the 7th hole at the Arnold Palmer Invitational . Tiger Woods liked his putt on the 15.

isis-killer-beheading-video-story-top Kentucky State Police search for suspect in Pikeville Police officer's killing
Mar 16, 2018 - 01:56
Kentucky State Police have a fifth man in custody in connection with the killing of a police officer this week. That's when Martin heard a gunshot and returned to find Hamilton with a fatal gunshot wound, police said.

isis-killer-beheading-video-story-top Fantastic Beasts: The Crimes of Grindelwald Gets A New Teaser Trailer
Mar 15, 2018 - 06:07
USA Today has revealed that Fantastic Beasts: The Crimes of Grindelwald is expected to be released into theatres on November 16. In it, we see a motivated young Newt trudging forward while Dumbledore seemingly stands guard behind him.

isis-killer-beheading-video-story-top Broadcom withdraws Qualcomm offer after Trump rejects deal
Mar 15, 2018 - 05:56
Bringing Broadcom and Qualcomm together would have been the technology industry's largest ever deal. CFIUS noted that a Broadcom-Qualcomm merger could weaken Qualcomm's leadership in the field.

isis-killer-beheading-video-story-top Yet again, Philadelphia has been ranked Pennsylvania's least-healthy county
Mar 15, 2018 - 05:56
A new study from County Health Rankings reveals the healthiest and not-so healthiest counties in North Carolina. The Robert Wood Johnson Foundation is out with its annual rankings of the health of New Jersey Counties.

isis-killer-beheading-video-story-top Sky Sports suspends pundit Jamie Carragher following fan spitting incident
Mar 15, 2018 - 05:47
The video of the incident, obtained by the Mirror , shows Carragher driving and signalling to the girl's father. Carragher was due to go on air tonight for the Premier League match between Stoke City and Manchester City.

isis-killer-beheading-video-story-top Cryptocurrency Ban: Why is Google Blocking Cryptocurrency, Initial Coin Offering Ads?
Mar 15, 2018 - 05:46
Cryptocurrencies are known to be notoriously volatile, so some governments are working to clamp down on the digital money. During 2017, Google removed over 3.2 billion ads from its site, which is up from 2016 when the amount was 1.7 billion.

isis-killer-beheading-video-story-top Abbas Cuts Short Visit to Jordan Amid Attack on Palestinian Official
Mar 14, 2018 - 06:31
Hamas condemned the explosion, calling it a crime and an attempt to "hurt efforts to achieve unity and reconciliation". Hamdallah said the blast would not disrupt attempts to reconcile with Hamas .

isis-killer-beheading-video-story-top Matt Damon, Ben Affleck to support inclusion rider
Mar 14, 2018 - 06:30
If you haven't yet read our explainer from the day after the Oscars about what an inclusion rider is, here's the cliff notes . Smith, the director of USC Annenberg's Media, Diversity & Social Change Initiative, for her "guidance and inspiration".

isis-killer-beheading-video-story-top United Nation's message after Uhuru-Raila Deal
Mar 14, 2018 - 06:29
Odinga took the oath saying that he won last year's election and that president Uhuru Kenyatta did not beat him fairly. Odinga for acknowledging that the country was facing a unity crisis hence the need to commence a healing process.

isis-killer-beheading-video-story-top Fitbit launches its first fitness tracker for children
Mar 14, 2018 - 06:26
Fitbit is taking another stab at the smartwatch market after its first attempt with the Ionic fell short of expectations. Below the screen there's the Fitbit logo, but we don't now have any information on the screen technology or resolution.