profishingrods.com
profishingrods.com July 23, 2018


China presses Europe for anti-U.S. alliance on trade

03 July 2018, 06:57 | Joann Bryant

China presses Europe for anti-U.S. alliance on trade

China presses Europe for anti-U.S. alliance on trade

United States tariffs on $US34 billion ($46.3 billion) worth of Chinese goods come into effect on Friday with a big risk of more tit for tat tariffs from China.

The new 25 percent import tax, which takes effect on July 6th, will drastically increase the price of circuit boards and other components built in China. "The European Union is possibly as bad as China, just smaller", he told Fox News in an interview, adding that it was "terrible what they do to us" and then mentioning the "car situation". The state has about 1.2 million jobs supported by the trades.

China, India, Canada, Mexico, Norway, the European Union and Russian Federation have all filed complaints, arguing the USA duties are inconsistent with provisions of the WTO's General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards.

On Monday, he threatened to take action against the World Trade Organisation after media reports said he wanted to withdraw from the global trade regulator.

"Despite Trump's bluster, trade wars should not be invited and are never easy to win", said Pascrell, a member of the House Ways and Means Committee, which oversees trade issues.

The Australian dollar slumped almost 1 per cent overnight to a low of 73.1 as the greenback rose and amid ongoing trade tension. The EU has retaliated against those tariffs with measures of its own, which hit around 2.8 billion euros ($3.26 billion) worth of American-made products.




Another official described the dispute between Trump and Western allies at the Group of Seven summit last month as a gift to Beijing because it showed European leaders losing a long-time ally, at least in trade policy.

The commission said "up to $294 billion of United States exports. could be subject to countermeasures across sectors of the U.S. economy", which was equivalent to a staggering 19 percent of total USA exports in 2017.

Harley-Davidson, which dominates the heavyweight United States motorcycle market, subsequently announced it would shift some USA production overseas to avoid higher costs for European Union customers.

The Chamber of Commerce is focusing their efforts at the state level.

Trump has attacked the legendary Harley-Davidson motorcycle company, warning "we won't forget" after the firm said it planned to shift some manufacturing offshore due to European Union tariffs.

The documents submitted to the Commerce Department also said that tariffs on cars and vehicle parts could undermine auto production in the United States by creating higher costs for USA manufacturers. On Friday, Canada struck back at USA steel and aluminum tariffs, vowing to impose punitive measures on $12.6 billion worth of American goods until Washington relents.



Other News

Trending Now

LA fans, businesses prepare for impact of new Lakers star LeBron James
If you think the Lakers are likely to acquire another star or two and they were listed at 10- or 12-to-1, that's a lot more value. The moves made by other teams simply shape the competition the Jazz will have as they try to build a championship contender.

Samsung is investigating claims of photos randomly sending to contacts
Samsung says it is investigating the issue, which may be caused by an update to the texting app Samsung Messages . Samsung acknowledged an inquiry from Gizmodo that it was aware of the bug and that it is now working on a fix.

Neymar Had His Ankle Stepped On, Then Stepped on Mexico's Throat
While it was yet another performance where Brazil failed to truly sparkle, they ended the match on a comfortable note. Writhing in agony after his right ankle was stepped on by Miguel Layun , Neymar managed to get back on his feet.

Dell to return to public trading
Michael Dell , who owns 72 percent of the company's common shares, will remain as chairman and CEO. VMware traded up as much as 8.2 percent and Dell Technologies 12 percent on the news.

Merkel's immigration crisis far from over, Europe News & Top Stories
He did not give details of the compromise, but said he no longer intends to resign. A statement emerged at 2 a.m. local time (8 p.m.

Aaron Finch Breaks Own Record As Australia Create T20I History
Stretching out to hit a full delivery from Muzarabani, he over-balanced and kicked his own stumps to be out hit wicket. Finch's previous record knock stood for almost five years: 156 off 63 against England at Southampton in 2013.

Belgium's time to shine at World Cup, says Hazard
Mexico have reached the last-16 in their previous six World Cups but have not made the last eight since 1986. All our players are top class, their clubs are always favorites", Casemiro said.

Rape victim's father wants death penalty for accused
Madhya Pradesh police arrested one more person in connection with the alleged abduction and sexual assault of the girl. We are with the (victim's) family and watching out for the young lady's condition.

USA looks for support on Iran crude embargo
Iran is among the nations with the highest oil serves, along with Saudi Arabia , which is the world's leading exporter of oil. With some concerns about the fallout of this, the USA is backing off State Department claims that no waivers would be given.

Which player will win the Golden Boot at the World Cup?
He said: "There's some big teams gone out of the World Cup and this could be the year England can go far and hopefully win it". I have confidence in my own ability to take one'.