Trump to Unveil Massive 'Package of Tariffs' Against China

Billionaire Woody Johnson was appointed ambassador to the UK last August

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.

Tiger Woods makes strong start at PGA event at Bay Hill
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.

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.

David Silva double takes Man City one step closer to title
We tried to press at the start of the game but their first goal really killed us - it's not easy playing against Manchester City . At the beginning it was okay but it's a long time without training - you can not play good.

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 Meghan Markle Was Reportedly Kidnapped As Part Of Her Royal Training
Mar 16, 2018 - 02:01
As the document is a formal permission from the Queen , it must adopt the correct birth names of both Meghan and Harry. While preparations are already being made, Queen Elizabeth finally gave her formal seal of approval.

isis-killer-beheading-video-story-top Gonzaga dodges upset-minded UNC Greensboro, advances to second round
Mar 16, 2018 - 02:01
UNC Greensboro almost pulled off the massive upset over last year's national runner-up Gonzaga , but fell short in a 68-64 defeat. That's a formula for an upset, especially when UNC-Greensboro sophomore forward James Dickey (10 points) got going late.

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 Samsung Officially Launches Galaxy S9 and Galaxy S9+ In Malaysia
Mar 16, 2018 - 01:57
Samsung is a pioneering leader in smartphones and HDTVs in the US and one of America's fastest growing home appliance brands. About Samsung Electronics America, Inc.

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 Betting Preview For 2018 NCAA Tournament — March Madness Odds
Mar 16, 2018 - 01:55
This will be the first matchup between the teams in more than 12 years as they last met in December 2005, a Virginia win. He's a six-year National Basketball Association veteran who spent five years at Virginia after a medical redshirt.

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 Beast from the East to bite again as snow heads for UK
Mar 15, 2018 - 06:02
A yellow weather warning for snow and ice is in place for Yorkshire from 5pm on Friday, and will last until 9am on Saturday. It may be spring, but this weekend is set to see a return to wintry conditions, and even the possibility of snow.

isis-killer-beheading-video-story-top Kawhi Leonard will not play against Pelicans, return still up in air
Mar 15, 2018 - 06:01
There are now eight teams vying for six spots with the No. 3 seed and the No. 10 seed only separated by four games. After losing last night, the Spurs are now 10th in the Western Conference.

isis-killer-beheading-video-story-top Case Keenum Intends To Sign With Broncos In Free Agency
Mar 15, 2018 - 05:48
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 .

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 Counter-terrorism police called in as Russian exile found dead in London
Mar 14, 2018 - 06:30
Mr Glushkov gave evidence in the high profile court battle between Berezovsky and Chelsea owner Roman Abramovich in 2011. Glushkov was an associate of Boris Berezovsky , a Russian oligarch and Kremlin critic who died in London in 2013.

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.