Next Round of Tariffs Set

COURTESY FAR WEST RECYCLING- Bales of plastic sit waiting for buyers at Far West Recycling

The Chinese counter-move will take effect immediately after the U.S. imposes tariffs on the same amount of Chinese goods on 23 August.

Chinese state media accuses the United States of a "mobster mentality" in its move to implement additional tariffs on Chinese goods, and warns Beijing had all the necessary means to fight back. The Trump tax cuts may have cushioned the market against trade wars, since they've boosted corporate profits and provided a tailwind to counter the headwind of tariffs.

China was the world's second-largest LNG importer in 2017, Kallanish Energy reports.

Digital revenues grow to 30% as news subscriptions build
In the fourth quarter, the company claimed cable and satellite residential churn was 12.5% compared to 13.3% in the prior year. However the subscription TV service reported lower subscription and advertising revenues in the full year.


US LNG exports only started in 2015, and sales to China were a booming business opportunity for the American natural gas industry, while China needs LNG to meet its soaring demand amid its programme of moving millions of households and factories from coal to gas.

As the South China Morning Post noted in a report on August 4, if China were forced to devalue its currency, "the only reaction in Southeast Asian capitals from Kuala Lumpur to Hanoi, Bangkok and Jakarta will be panic".

In January 2018, Trump exercised his authority under Section 201 of the Trade Act of 1974 to provide safeguard relief to US manufacturers injured by imports of washing machines and solar panels.

'Mourinho at odds with the United board'
That's how many points United dropped last season against teams who finished in the bottom half of the table. Another player to fall out with the manager was Anthony Martial who lost his place to Alexis Sanchez .


The move will take effect immediately after the USA imposes tariffs on Chinese goods on the 23rd of this month. The long-term concern for a trade war remains: according to Oxford Economics, global production will be reduced by 0.7% by 2020, with China and US GDP impacted by 1.3% and 1% respectively. The Peterson Institute for International Economics estimated that as many as 195,000 USA workers could lose their jobs over the next three years if the U.S.'s 25 percent tariffs on auto imports worldwide take effect.

Growing trade tensions between the United States and China are motivated by fears that China is now the top challenger to Washington's global hegemony, the official Communist Party newspaper The People's Daily said yesterday.

These include 279 products ranging from motorbikes to railway carriages. Wednesday's trade figures showing surging Chinese exports could give Beijing some confidence. While this tariff threat has been put on hold following talks between Trump and European Commission president Jean-Claude Juncker last month, it has not be removed. The province imported 3 billion-yuan hi-tech products in H1, representing a year-on-year rise of 8.2 percent, while its copper ore, tapioca chip and natural rubber imports shrank. That doesn't count the $50 billion they hit with tariffs in July.

Twitter CEO defends decision not to ban Alex Jones, Infowars
He was sued for defamation by families of some of the children killed in that attack, which left 20 children and six adults dead. The company told BuzzFeed News that it removes apps when they violate its "terms and conditions or our content policies".


In short, China is capable of safeguarding its interests in a complicated global trading system and keep growing on the economic front despite the U.S. tariffs.

Related news:

Hot News

isis-killer-beheading-video-story-top UMd. head coach placed on leave
Aug 12, 2018 - 13:12
The report from ESPN shared the scary details surrounding McNair's death, which called into question the Maryland training staff. Maryland is conducting an external investigation into offensive lineman Jordan McNair's death after a May workout.

isis-killer-beheading-video-story-top Improved Liverpool need to be more clinical for title tilt, says Klopp
Aug 12, 2018 - 13:00
He can rotate sometimes and if he decides to play me in the middle of left or right it is not a problem. Now, he wants the add the Premier League to his CV. "Our aim is to win as many titles as possible".

isis-killer-beheading-video-story-top Turkish Lira Plummets; Erdogan Pledges Economic War
Aug 12, 2018 - 10:54
Trump's "jubilation in inflicting economic hardship on its North Atlantic Treaty Organisation ally Turkey is shameful", he wrote. Deteriorating ties between the USA and Turkey - both North Atlantic Treaty Organisation members - have also alarmed investors.

isis-killer-beheading-video-story-top Jose Mourinho: I wanted to bring on Anthony Martial but couldn't
Aug 12, 2018 - 10:10
Leicester have spent the past few weeks battling United, who tried to sign center-back Harry Maguire after the World Cup . Either way, Pogba converted the penalty with aplomb and United went on to win 2-1 - and that's all that matters.

isis-killer-beheading-video-story-top Stolen Horizon Air plane crashes in Puget Sound island
Aug 12, 2018 - 08:14
The jets were armed but did not open fire, North American Aerospace Defence Command spokesman Cameron Hillier said by phone. The man could reportedly be heard on audio recordings telling air traffic controllers that he is "just a broken guy".

isis-killer-beheading-video-story-top TMZ: NYPD Seeking Sean Young of Blade Runner
Aug 12, 2018 - 07:10
Unfortunately, by the time she got clean, Young had already established a reputation in the entertainment biz for freaky behavior. In 2012, she was arrested for allegedly slapping a security guard at an Oscars after-party, according to Page Six .

isis-killer-beheading-video-story-top England v India: second Test, day two
Aug 12, 2018 - 06:55
The second session will be vital with India still looking to get early wickets to keep England's first-innings lead to a minimum. But Kuldeep rarely troubled Bairstow, who cover-drove him for four to complete a 76-ball fifty featuring seven boundaries.

isis-killer-beheading-video-story-top Money Dispute Might Force Star Trek Chrises Out Of Franchise
Aug 12, 2018 - 06:26
Clarkson on board as the film franchise's first female director and Black Panther's Danai Gurira expected to have a key role . But to find a new Kirk while every other main cast member returns, as appears could be the case, would be a little unusual.

isis-killer-beheading-video-story-top Scientists concerned about endangered orca still pushing body of her calf
Aug 12, 2018 - 04:42
Any intervention with the pod will be contingent on the behavior of the whales, as well as the weather and swell conditions. This is an animal that is a sentient being, ' Deborah Giles, science and research director for the nonprofit Wild Orc said.

isis-killer-beheading-video-story-top Tesla CEO Musk taunts short sellers amid legal scrutiny
Aug 12, 2018 - 04:37
The complaint alleges violations of US securities law and was filed Friday as a class action in federal court in San Francisco. No evidence has been presented by either side to prove or disprove that funding had been secured to take the company private.

isis-killer-beheading-video-story-top Pep Guardiola claims Premier League champions have no more money to spend
Aug 12, 2018 - 04:36
Champion Manchester City had already signed winger Riyad Mahrez for a club-record GBP60 million from Leicester City . Just before the deadline, Everton secured the services of Colombian World Cup star Yerry Mina from Barcelona .

isis-killer-beheading-video-story-top Changes to ICBC premiums would see bad drivers pay more
Aug 12, 2018 - 04:15
The corporation would forgive one at-fault crash for customers with 20 years of driving experience. The government says if the new measures were enacted today, two-thirds of drivers would pay less.

isis-killer-beheading-video-story-top US Judge orders return of deported family, threatens Sessions with contempt
Aug 12, 2018 - 04:04
The ACLU is using Carmen's story and the similar experiences of the other immigrants to challenge Sessions' ruling on asylum. The plane landed in El Salvador, but Carmen and her child were allowed to return to the United States.

isis-killer-beheading-video-story-top Paul Pogba posts cryptic message on Instagram after Manchester United win
Aug 12, 2018 - 01:56
Alas for Claude Puel's men, they wouldn't nab an equaliser, with United getting their campaign underway with all three points. Leicester have spent the past few weeks battling United, who tried to sign center-back Harry Maguire after the World Cup .

isis-killer-beheading-video-story-top Crystal Palace sign Jordan Ayew on season-long loan
Aug 12, 2018 - 01:45
Ghana global Jordan Ayew was delighted to finally secure a move to Crystal Palace after a "long transfer window". He scored 11 goals for Swansea last season but couldn't prevent them from being relegated to the Championship .