Chinese premier slams 'unilateralism' in trade disputes

American flag is displayed with Chinese flags on top of a trishaw in Beijing. Andy Wong  The Associated Press

The Chinese government said late Tuesday that it would impose tariffs on U.S. goods worth $60 billion following the Trump administration's announcement that it was hitting $200 billion worth of Chinese goods with new tariffs.

"China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers due to their loyalty to me", Trump tweeted.

Trump has also complained about America's gaping trade deficit - $336 billion previous year - with China, its biggest trading partner.

China's Finance Ministry said its tariff increases are aimed at curbing "trade friction" and the "unilateralism and protectionism of the United States".

"They don't know what to do", he added. There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!

"We're doing a very good job with China", he said before reiterating his threat to add tariffs to $267 billion of Chinese goods if Bejining retaliates.

China hit back with tariffs of its own on US$50 billion of United States products and focused on the agriculture sector - punishing industries whose workers largely supported Mr Trump.

"They're having a tremendous impact on China", Donald Trump told reporters at the White House on Tuesday after enacting new ten percent tariffs on about $200 billion of Chinese imports on Monday.

"China's development over the past decades has always been achieved by overcoming all sorts of different obstacles and challenges", he said. He demanded Canada and Mexico renegotiate the North American Free Trade Agreement to make it more favourable to the United States. They have high expectations that Trump will fail in the elections.

Mark van Bommel wants his PSV players to stay professional against Barcelona
Messi first goal was also the first of the 2018-19 competition thanks to a format change that features staggered kickoff times . Everton have been heavily linked with PSV's Eredivisie champion Hirving Lozano but La Liga champions Barcelona are keen, too.

Deadly Florence trudges inland in Carolinas with 'epic' rain, flooding
Florence "will produce catastrophic flooding over parts of North and SC for some time", NOAA official Steve Goldstein said. Experts say Mangkhut may well end up being the deadlier storm, though Florence could tally a higher insured damage total.

Woman comes forward to accuse Kavanaugh of sexual misconduct
She said Kavanaugh pinned her to the bed and groped her, trying to remove her clothing and a one-piece bathing suit underneath. The Telegraph contacted the White House for comment on Ms Ford's claims , but had no response at the time of going to press.

European stocks only briefly turned lower after China retaliated to the latest US sanctions, while Wall Street stocks spent the entire day in the green, viewing the latest escalation of the US-China trade war as less consequential than feared.

The administration earlier this month floated the idea of talks led by Treasury Secretary Steven Mnuchin, with Chinese Vice Premier Liu He expected to lead the Beijing delegation. Share prices have dipped, only to then resume their growth, in part because of deep corporate tax cuts that took effect this year and a solid US economy in its 10th straight year of expansion. The 25 percent tariffs that Trump imposed on imported washing machines in January quickly translated into sticker shock for shoppers.

Flags for U.S. President Donald Trump's 2020 re-election campaign are made in a factory in Fuyang, China.

According to Xia Yeliang, a libertarian scholar and former professor of economics at Peking University, Chinese leaders will be looking to save face as they were caught off-guard by Trump's announcement.

China, for months, has refused USA demands that it change its unfair trade practices. "We don't want others to interfere in our domestic politics, and we will not interfere in the domestic politics of others".

The American Chambers of Commerce in China and in Shanghai said last week that half of more than 430 companies that responded to a survey say they have suffered from slower customs approvals and been subject to more environmental and other inspections.

"Many family farms are afraid they won't be able to pay the bills if this misguided trade war continues", Heitkamp said in a statement.

"China has been unable to match the United States dollar-for-dollar in this round of tariffs, so a key question is what other steps China might take", Mark Williams, chief China economist at research firm Capital Economics, wrote in a note.

Related news:

Hot News

isis-killer-beheading-video-story-top Sens. Johnson, Baldwin want to hear from Kavanaugh, accuser
Sep 20, 2018 - 01:10
An attorney for Ford said Monday that Ford is willing to testify about the allegations before the Senate Judiciary Committee. He has denied that there should even be hearings about the accusation and has baselessly said that Ford is not credible.

isis-killer-beheading-video-story-top George R. R. Martin Says Game of Thrones Could've Lasted 13 Seasons
Sep 19, 2018 - 03:33
"The final season's taking a long time because it's the biggest thing we've ever done", Benioff said. That should really come as no surprise given the complexity of Martin's character lineup in GOT .

isis-killer-beheading-video-story-top ‘Azishe’: South Africans welcome decriminalisation of dagga
Sep 19, 2018 - 03:06
The Constitutional Court will on Tuesday be handing down judgment on the question of whether or not to decriminalise cannabis use. South Africa's highest court has legalised the use of cannabis by adults in private places, according to the BBC .

isis-killer-beheading-video-story-top Christine Blasey Ford's defenders say Republicans are "smearing" her
Sep 19, 2018 - 02:30
He's an outstanding intellect, an outstanding judge respected by everybody, never had even a little blemish on his record. It's deeply disturbing that the existence of these allegations were leaked in a way that seemed to preclude Dr.

isis-killer-beheading-video-story-top Trump raises stakes with new round of China tariffs
Sep 19, 2018 - 01:31
As Beijing runs out of USA goods for retaliation , American companies say regulators are starting to disrupt their operations. China will further respond accordingly if the U.S. insists on increasing tariffs, according to the finance ministry.

isis-killer-beheading-video-story-top Elon Musk Introduces SpaceX’s First Passenger Who Will Fly To The Moon
Sep 19, 2018 - 01:31
SpaceX added that it was "an important step toward enabling access for everyday people who dream of travelling to space". After revealing the name of the space tourist, Musk failed to say how much money the man paid for the privilege.

isis-killer-beheading-video-story-top The Very First CAPTAIN MARVEL Trailer Is Here
Sep 19, 2018 - 01:25
As she gets up, dust and debris peppered throughout her buttery blonde locks, a familiar voice bellows in the background. The first trailer for "Captain Marvel" dropped on Tuesday, featuring another female superhero front and center.

isis-killer-beheading-video-story-top Hurricane Florence: More days of flooding ahead for Carolinas and surrounding states
Sep 18, 2018 - 02:37
As her son fed the goats in a hotel parking lot, she said she might not be able to return home until the middle of next week. CNN also reported a man and a woman died in South Carolina's Horry County due to carbon monoxide poisoning.

isis-killer-beheading-video-story-top Kavanaugh Accuser Willing To Testify If Asked
Sep 18, 2018 - 01:17
The letter's contents leaked last week and Ford identified herself in an interview with the Washington Post published on Sunday. Blunt, vice chairman of the Senate Republican Conference, has given full-throated support to Kavanaugh's nomination since July.

isis-killer-beheading-video-story-top Eden Hazard talks up Chelsea teammate Olivier Giroud
Sep 18, 2018 - 01:06
Asked if Hazard can win the Golden Boot, Sarri said: "I think so". "He can hold up the ball.it's a pleasure to play with him. Both of them have quality so we are glad to have both players in the team", he said.

isis-killer-beheading-video-story-top "Saudi Arabia, UAE Turning OPEC Into A US Tool", Says Iran
Sep 18, 2018 - 01:05
Saudi Arabia , which is the world's largest crude exporter, pumped 10.49 million barrels per day in August. Gold was also supported by the news that the USA had extended an invitation to China to renew trade talks.

isis-killer-beheading-video-story-top Should Ravens go after Browns WR Josh Gordon?
Sep 17, 2018 - 02:12
He caught a game-tying, 17-yard touchdown pass in the fourth quarter but was mostly used as a decoy. Gordon posted an Instagram story later Saturday in which he thanked the Browns and their fans.

isis-killer-beheading-video-story-top Tropical Storm Warnings for Dominica, Martinique, Guadeloupe
Sep 17, 2018 - 00:56
Lucia will be affected and passengers are advised to contact its reservation offices for rebooking on the next available service. Meanwhile, Caribbean Airlines has announced that due to Tropical Storm Isaac flights BW 434 BW 435 Port-of-Spain to St.

isis-killer-beheading-video-story-top Zlatan Ibrahimovic had a typically Zlatan response to Michael Bradley spat
Sep 17, 2018 - 00:22
Los Angeles Galaxy forward Zlatan Ibrahimovic (9) scores a goal during the first half against Toronto FC at BMO Field. He has 17 goals and eight assists in 22 appearances with the Galaxy .

isis-killer-beheading-video-story-top Alvares claims Golovkin's world titles in Las Vegas rematch
Sep 17, 2018 - 00:18
The ultimate winners may nonetheless be the fans and sport, as both boxers conceded Canelo-GGG 3 was a possibility. Nearly immediately there was talk of a third fight between two middleweights who now know each other well.