China warns U.S. is ‘opening fire’ on the world with tariff threats

Chinese flag

"In a statement released shortly after the midnight ET, China's Ministry of Commerce called the tariffs - which impose a 25% duty on $34 billion worth of Chinese exports to the USA - "typical trade bullying" and warned that retaliation would be swift".

China on Friday joined the trade war with the United States, by announcing it was ready for a long campaign after authorities in Washington declared a 25 % additional levy on Chinese products worth $ 34 billion. China was previously slated to begin imposing its tariffs about 12 hours earlier due to the time difference, according to multiple reports.

A 12:01 a.m. start on Friday in Beijing would mean it would take effect just after noon on July 5 in Washington.

Analysts say that the USA is targeting the Made-in-China 2025 project - an initiative that can make Beijing a market leader in sunrise hi-technology areas, including robotics, semiconductors, electric vehicles, drones and products powered by Artificial Intelligence (AI).

MoviePass begins surge pricing for popular films
Peak Pricing will be implemented for every theater, and all monthly and new annual subscribers will begin to see it immediately. MoviePass indicates which movies are affected by peak pricing by including a red lightning icon above the specific showtime.

China has said it will not "fire the first shot" in a trade war with the United States, but its customs agency made clear on Thursday that Chinese tariffs on American goods would take effect immediately after USA duties on Chinese goods are put in place.

Then, in a game of tit-for-tat, the U.S. plans to impose tariffs of 25 percent on $34 billion of goods from China's aerospace and information-technology sectors - as well as auto parts and medical instruments.

China's tariffs, on the other hand, will hit agricultural products like soybeans and pork. "If the U.S. is determined to escalate conflicts with China, then so be it".

"The U.S. has started the largest trade war in history", China's Ministry of Commerce said on its website, after President Donald Trump threatened to incrementally increase tariffs on the entire range of Chinese exports, worth more than $500 billion, in case Beijing retaliated.

Amesbury victims poisoned by same nerve agent used on ex-spy
Britain has notified the global chemical weapons watchdog, the Organisation for the Prohibition of Chemical Weapons (OPCW). Like the Skripals, Dawn Sturgess and Charlie Rowley were sickened by the nerve agent novichok , British police said.

But the yuan rose sharply against the dollar on Wednesday after China's central bank chief vowed to maintain a stable exchange rate.

"It's only China", he added.

"We put a halt on all investment, not just because we will be losing money, but because we don't know if growing in the USA is the right move if we won't be an exporting country", Ken Maschhoff, co-owner of the country's largest family-owned pork producer, told CNBC. The tariffs are created to hurt parts of the U.S. that are politically aligned with Trump.

Feds using DNA testing to reunite migrant families
And bringing children back together with parents in federal custody is 'not the easiest task, ' Azar said. The order, though, didn't address how or when already-separated families would be reunited.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump Backs Rep. Jordan's Denial of Abuse Knowledge
Jul 06, 2018 - 23:46
President Donald Trump spoke up about the allegations that Jordan was aware of the abuse, stating, "I don't believe them at all". Three former wrestlers are claiming there's no way Jordan would have been unaware that Strauss was abusing members of the team.

isis-killer-beheading-video-story-top Hot dog eaters weigh-in for Nathan's Famous 2018 competition
Jul 06, 2018 - 23:03
Competitor Carmen Cincotti was also credited with eating 45 hot dogs , until it was discovered that he had consumed 64. There was some confusion regarding how many hot dogs Chestnut ate because one plate wasn't counted.

isis-killer-beheading-video-story-top Japan sarin attack cult leader executed
Jul 06, 2018 - 22:55
A memorial is seen to commemorate the victims of the doomsday cult Aum Shinrikyo's sarin nerve gas attack on the 23rd anniversary. Aum is banned in Russian Federation , having been recognized as a terrorist organization by Russia's Supreme Court in 2016.

isis-killer-beheading-video-story-top Bolton: US has plan to dismantle N. Korea nuclear program in year
Jul 06, 2018 - 22:53
North Korea declared on New Year's Day that it no longer needed those tests because it had perfected its nuclear weapons program. Ambassador to the Philippines Sung Kim, met with North Korean officials on Sunday in the truce village of Panmunjom.

isis-killer-beheading-video-story-top The rise in the United States unemployment rate isn’t bad news
Jul 06, 2018 - 22:53
The job growth wasn't enough to keep the unemployment rate from rising from 3.8 percent to 4 percent, the government said Friday. With a record 6.7 million unfilled jobs in April, economists are optimistic that wage growth will accelerate later this year.

isis-killer-beheading-video-story-top Prince Harry & Meghan Markle attend "Your Commonwealth" Youth Challenge Reception
Jul 06, 2018 - 22:52
Mayo, Ireland, but that has not been confirmed by the palace. Markle send you their warmest thanks and very best wishes".

isis-killer-beheading-video-story-top LG patent shows a smartphone that folds vertically like a flip phone
Jul 06, 2018 - 22:50
Samsung has been working on the Galaxy S10 for a while now and thanks to the leaks, we know nearly everything about the device. Flexible smartphones have been in works but we are yet to see a commercially available foldable smartphone in the market.

isis-killer-beheading-video-story-top Griezmann inspires France past punchless Uruguay in World Cup quarter-final
Jul 06, 2018 - 22:45
France goalkeeper Hugo Lloris dived to his right and got a hand on a header from Martin Caceres, pushing it just wide of the goal. When it comes to Cavani, though, Suarez says it is unclear at the moment whether he will be able to face Didier Deschamps' side.

isis-killer-beheading-video-story-top Trump meeting with Dutch leader ahead of North Atlantic Treaty Organisation meeting
Jul 06, 2018 - 22:35
The Prime Minister then made the case for an ambitious economic and security partnership with the European Union. When Trump kept going, Rutte said while smiling to reporters: "It will not be positive".

isis-killer-beheading-video-story-top "High On Life" Travel YouTubers Die Falling From Canadian Waterfall
Jul 06, 2018 - 22:27
The remaining members of the group made an emotional tribute to their friends in a video on the High As Life YouTube page. Gamble and another man were sentenced to seven days each in prison after returning to Wyoming to face justice.

isis-killer-beheading-video-story-top Italian Wikipedia shuts down due to proposed European Union copyright law
Jul 06, 2018 - 22:26
At the end of it all, the latter group have come out on top - with 318 MEPs voting against the Directive versus the 278 for. The reform proposal, which can be read here, would increase the legal requirements to post copyrighted material online.

isis-killer-beheading-video-story-top 280,000 sore losers sign petition to get Colombia and England game replayed
Jul 06, 2018 - 22:16
With a sturdy back line, led by Diego Godin and Jose Gimenez, France will have to get creative if they are to find a breakthrough. The law students also stated that Carlo Bacca's extra-time goal was "wrongfully judged" and should've been allowed to stand.

isis-killer-beheading-video-story-top Pompeo Gives Kim Jong Un Trump Signed Copy Of 'Rocket Man' CD
Jul 06, 2018 - 21:28
The former director of the Central Intelligence Agency added that he expected North Korea to be "ready to do the same". Also high on the agenda is the issue of the remains of United States soldiers missing from the 1950-53 Korean War.

isis-killer-beheading-video-story-top Xbox One rolls out FastStart feature to speed up downloads
Jul 06, 2018 - 21:03
As an added bonus, Groups will be tied to your Xbox Live account and will automatically sync across multiple Xbox One consoles. The catch is that the feature is only available right now on certain English-language titles in the Game Pass catalog.

isis-killer-beheading-video-story-top Mbappe 'happy' but says Pele 'on another level'
Jul 06, 2018 - 21:00
And he has helped them move a step closer on their way to achieving that goal - bagging two in the last-16 clash with Argentina. Kylian Mbappe is "similar" to Brazil legend Ronaldo , Raphael Varane said after the teenager's performance against Argentina .