China will not "surrender" to United States demands in trade talks

Trump has threatened to slap tariffs on nearly all goods the US buys from China

In its editorial, the paper draws attention to China's bid to seek approval from World Trade Organisation to impose sanctions on United states, over threats to impose hefty tariffs by Washington.

Officials are reportedly still working on the final list of products.

He also made it clear he was ready to impose tariffs worth $200 billion on goods "very soon" if President Xin Jinping's government refused to back down.

One researcher at Taiwan's Chung-Hua Institution for Economic Research, Roy Chun Lee says that "the historical example of the U.S. -Japan economic conflict suggests that the U.S".

The European Union Chamber of Commerce in China released its own survey on Thursday saying the tariffs were causing "significant disruptions" to global supply chains and "seriously impacting" non-Chinese and non-American companies. Financial markets have been whipsawed this week by conflicting reports on the status of trade talks between the world's two largest economies.

Trump instructed aides on Thursday to proceed with tariffs on about $200 billion more in Chinese products despite his Treasury secretary's attempt to restart talks with Beijing to resolve the trade war, according to four people familiar with the matter.

"If nearly a half of American companies anticipate a strong negative impact from the next round of US tariffs, then the USA administration will be hurting the companies it should be helping", he said.

Watergate's Woodward says 'Times' Trump op-ed not up to his standards
While he said the book contained "inaccuracies", as Axios reports, he wasn't specific about what the book supposedly got wrong. But Woodward insisted his book was accurate and said he carefully vetted each description included in the book.

Fitbit shares plunge after Apple Watch unveil
It will retain its 18-hour battery life despite having to power a larger screen and new bells and whistles, Williams said. Normally, people keep an eye on their watch - Apple's new smart watch, announced Wednesday, wants to keep an eye on you.

Trump and Obama spar over economy as midterm polls near
Fox Business' daytime anchor Neil Cavuto has called out Trump on a number of occasions when the president has bashed the "fake news" and the "swamp".

The White House is under enormous pressure from United States companies to resolve its differences with China swiftly before either country imposes more tariffs or restrictions that these firms argue could hurt growth and lead to lost American jobs.

The US President Donald Trump said Washington is under "no pressure" to achieve a trade deal with China as the prospect of new tariffs loom. -China trade relations, address long-standing inequities and level the playing field.

The sides have been engaged in an escalating tit-for-tat trade fight for months but on Wednesday it emerged that US Treasury Secretary Steven Mnuchin had invited top Chinese officials to discuss the issue.

"The Trump administration should not be mistaken that China will surrender to the USA demands". More than half of United States firms are already feeling Beijing's wrath from non-tariff measures like heightened regulatory scrutiny, more inspections and slower customs clearance, according to the survey.

Meanwhile, almost a third of companies said they were considering delaying or canceling investments, underscoring the heightened uncertainty created by the trade tensions.

It remains unclear when the new import taxes - which could be as high as 25% - will go into effect.

"We share the concerns of the USA regarding China's trade and investment practices, but continuing along the path of tariff escalation is extremely unsafe", the European chamber president, Mats Harborn, said in a statement. The Chinese government has dismissed the complaints as "groundless".

Related news:

Hot News

isis-killer-beheading-video-story-top Flipping pancakes! Russias Putin and Chinas Xi bond over cooking
Sep 15, 2018 - 03:20
This year marks the 40th anniversary of the signing of the China-Japan Treaty of Peace and Friendship. "It is called trolling. Incidentally, Japan and Russian Federation failed to go ahead and sign a treaty after the end of the World War II.

isis-killer-beheading-video-story-top Victims honored at 9/11 Flight Crew Memorial in Grapevine
Sep 15, 2018 - 02:27
The 9/11 Victims' Compensation Fund has paid out $US4bn to fund medical expenses for survivors of the terror attacks. Months later, there was a botched pipe bombing in a subway passageway near Times Square. "They attacked the enemy".

isis-killer-beheading-video-story-top Jose Mourinho Paul Pogba never asked to leave Manchester United
Sep 15, 2018 - 02:16
After all, if he wants a big-money move to Barcelona, he'll have to step up his performances and perform more consistently. If he doesn't tell me he wants to leave it's because he wants to stay - that's my conclusion".

isis-killer-beheading-video-story-top Who are ODESZA? Apple Feature 'Loyal' In New iPhone XS Advert
Sep 15, 2018 - 01:50
It's got a lower resolution screen than the flagship models, and, unlike them, its display is based on LCD technology, not OLED. Coming to the pricing , the Apple Watch Series 4 with GPS starts at $399 while the GPS + Cellular model is priced at $499.

isis-killer-beheading-video-story-top Harry Kane, Kieran Trippier, Kyle Walker named on FIFPro World XI shortlist
Sep 14, 2018 - 05:16
Africa have two representatives this year, with Liverpool duo Mohamed Salah and Sadio Mane of Egypt and Senegal respectively. The 15-man shortlist has been chosen by 25,000 professional footballers in a total of 65 countries.

isis-killer-beheading-video-story-top President George Weah Makes Football Comeback
Sep 14, 2018 - 05:11
Fans were shocked to see the former World player of the year lead his team onto the pitch, 16 years after his last appearance. Even though he retired 15 years ago and he's quickly approaching 52 of years of age, he played 79 minutes in the 2-1 defeat.

isis-killer-beheading-video-story-top Sex and the City star Cynthia Nixon splits NY voters
Sep 14, 2018 - 04:54
A Siena College poll released Monday shows Cuomo with a 41 percentage point lead over Nixon heading into Thursday's primary. With just one day to go before voters cast their ballots in the September 13 gubernatorial primary, Gov.

isis-killer-beheading-video-story-top Don't Be Fooled by Hurricane Florence Being 'Downgraded.' It's Still Very Dangerous
Sep 14, 2018 - 03:44
National Guard soldiers from the state, North Carolina and Virginia are mobilizing to prepare for hurricane recovery efforts. The storm's center was about 145 miles (235 km) east of Myrtle Beach, South Carolina as of Thursday night.

isis-killer-beheading-video-story-top Here’s How Les Moonves Lost the Support of CBS
Sep 14, 2018 - 02:04
It was then noted: 'However, he violated company policy and it is our commitment to uphold those policies at every level'. In January, when rumors first began to swirl that there was a story coming out about the CEO, Moonves met with Michael J.

isis-killer-beheading-video-story-top Google is shutting down ‘Inbox by Gmail’ app by March 2019
Sep 14, 2018 - 02:00
Google has announced that Gmail Offline will be removed from the Chrome Web Store in December, because it isn't needed anymore. The company introduced the app as an experimental platform to test new features which will later rolled out to Gmail .

isis-killer-beheading-video-story-top Cardinal Wuerl to discuss possible resignation with Pope Francis
Sep 13, 2018 - 05:34
The Vatican has known since at least 2000 that McCarrick would invite seminarians to his New Jersey beach house and into his bed. Wuerl has also been embroiled in the allegations of molestation leveled at former Cardinal Theodore McCarrick.

isis-killer-beheading-video-story-top Apple pushes largest screens, cheaper models with new iPhones
Sep 13, 2018 - 04:54
There are some new tools to monitor how much time you spend looking at your phone and some tweaks to how notifications display . The sequel to the last year's iPhone X is likely to be the iPhone XS with a 5.8-inch OLED screen and its price could be $899.

isis-killer-beheading-video-story-top Space Station's view of Hurricane Florence looks eerily apocalyptic
Sep 13, 2018 - 04:12
NASA also recorded what it called "stark and sobering" video footage of Florence from the space station on Wednesday. Once Florence makes landfall, it'll be the first major Atlantic hurricane of the 2018 season to hit the mainland US.

Samantha Markle hits out at 'DuchASS' Meghan in scathing online attack
Sep 13, 2018 - 03:13
Meghan Markle has been dubbed a "Ducha-" by her bitter half-sister as her family rivalry continues, RadarOnline.com can report . Meghan Markle's mother Doria Ragland (right) was the only member of her family to attend the royal wedding in May.

isis-killer-beheading-video-story-top Trump Associates Push Back on Woodward Book
Sep 12, 2018 - 05:05
While he said the book contained "inaccuracies", as Axios reports, he wasn't specific about what the book supposedly got wrong. Colbert suggested that the last line of the book, about Dowd wanting to call Trump "a f--ing liar", kind of "buried the lede".