Trump considers indefinite tariffs, investment restrictions against China

14 March, 2018, 20:13 | Author: Wade Massey
  • Kevin Frayer Getty Images

US President Donald Trump is seeking to impose tariffs on up to US$60 billion (RM234.2 billion) of Chinese imports and will target the technology and telecommunications sectors, a source who had discussed the issue with the White House said yesterday.

Trump has also demanded that Mexico and Canada renegotiate the North American Free Trade Agreement (NAFTA) in order to qualify for exemptions from his global tariff regime.

The Trump administration's decision to impose tariffs on aluminum and steel imports has drawn warnings from businesses and US trading partners that the measure could backfire, provoking a trade war without resolving the problems it's meant to address.

While Trump has called China "helpful" in dealing with North Korea, his 2016 campaign focused on pulling out of worldwide trade deals that he sees as detrimental to US interests.

While the tariffs would be chiefly targeted at information technology, consumer electronics and telecoms, they could be much broader and the list could eventually run to 100 products. "We don't comment on internal meetings, but no final decisions have been made on content or timing", said a White House official.

The heightened possibility of a trade war and Tillerson's departure reduced investor risk appetite, even as US inflation data released on Tuesday showed an annual core inflation of 1.8 percent, which met expectations and would have likely increased risk appetite under a different political climate.

But a trade war risks upending this arrangement.

Microsoft AI platform, Azure Cloud to power HCL's 'Lab 21'
Etisalat is also consulting on migration and managed services to see to the smooth transition of business customers to the cloud. The coming datacenter regions in Abu Dhabi and Dubai - will be Microsoft's first in the Middle East.

Morrisons reports third consecutive year of profit growth
The supermarket chain has increased its full-year dividend 12pc to 6.1p per share and will also pay a special dividend of 4p. Morrisons trails clear market leader Tesco , Sainsbury's and Walmart's Asda in annual sales.

Indiana Pacers vs Philadelphia 76ers: Lineups, preview & prediction 3/13/18
Oladipo won the tip to Bogdanovic on the baseline, who threw the ball off of Simmons to put the finishing touches on the victory. In the second game, though, he was ineffective due to foul trouble and missed all five of his shots while playing 15 minutes.

The administration also is considering imposing new limits on Chinese investment in the United States, which topped $29 billion a year ago, according to the Rhodium Group, a New York-based consultancy.

However, Trump has pushed forward with his agenda by slapping Chinese industries with harsh tariffs on steel and aluminum imports to the United States and insisting on giving preferential treatment to global allies based on favorable military and economic alliances.

"He's serious about calling their hand on this, and my understanding is they are looking at a broad array of options to do that", Mr Brady said.

Trump points to USA auto exports to Europe, saying they are taxed at a higher rate than European exports to the United States. The latest brinkmanship follows new tariffs on steel and aluminum imports that are straining a transatlantic relationship already tested by disputes from climate change to Middle East policy.

"China's biggest worry has always been joint push-back from its major Western trading partners", the diplomat said.

"We are in contact with the USA counterpart to obtain more clarity as soon as possible and we have been told that the USTR will publish very soon on their website a more detailed outline of the procedures for the exclusions", she said. There had been a willingness to do something together on China. "You can't cooperate when you're getting whacked around", the person told Reuters.


  • Sierra Leone head for presidential polls runoff

    Sierra Leone head for presidential polls runoff

    The country's electoral commission released the final results of last week's poll late on Tuesday night. Some 3.17 voters were registered in the with an estimated seven million population.
    You can dance: Madonna to direct film about real-life ballerina

    You can dance: Madonna to direct film about real-life ballerina

    She appeared in Beyonce's 2016 cultural phenomenon " Lemonade " and is now a soloist at the Dutch National Ballet. Madonna is bringing the life of a fellow trailblazer to the big screen.
    National School Walkout demonstrations planned in Middle TN

    National School Walkout demonstrations planned in Middle TN

    As you may be aware, there have been national, state and local discussions regarding a March 14 Student Walk Out. Students in Zanesville and the rest of the country plan a walkout in support of the Parkland shooting victims.
  • E3 2018 will be Xbox's 'Biggest Showing Ever' says Microsoft

    E3 2018 will be Xbox's 'Biggest Showing Ever' says Microsoft

    The new Avatars are much more customisable than the current models, featuring more body types, props and costumes. Microsoft's Xbox E3 briefing is set for June 10, 2018, at 1 pm PT/4 PM ET.
    Call of Duty: WW2 Invaded by Zombie Leprechaun

    Call of Duty: WW2 Invaded by Zombie Leprechaun

    We evaluated the entire system and your feedback, with the sole focus of improving the overall quality of item drops and delivery. Expect more to be made available using Orders and Contracts, in addition to the existing Weapon Collections and Supply Drops.
    Serena Williams upbeat despite loss to sister Venus in Paribas Open

    Serena Williams upbeat despite loss to sister Venus in Paribas Open

    In their 29th career meeting, she lost to her sister, Venus Williams , in the third round at Indian Wells. The 10th-seeded Venus will face Anastasija Sevastova , who defeated 12th seeded Julia Georges 6-3 6-3.
  • Netflix Reveals Trailer For Neil Young Movie Paradox

    Netflix Reveals Trailer For Neil Young Movie Paradox

    Neil's "Joe Yankee" pseudonym is also credited with the only overdubs on the album, which was produced by Young and John Hanlon. His character in " Paradox " is just as anonymous, with the simple description of " Man in the Black Hat ".
    Best bets for First Four games

    Best bets for First Four games

    So unless the Eagles are able to put the clamps on the Tigers defensively, it could be a long night in Dayton for the MEAC champs. Moton, who had been watching the brackets closely, told Davis they would probably see each other in the First Four in Dayton .

    Future of Balancing Valves Market in Global Industry 2023

    Aerosol Valves Market is segmented based on the additives such as Continuous Aerosol Valves, Metered Aerosol Valves, Others .
  • North Carolina chefs among James Beard nominees

    North Carolina chefs among James Beard nominees

    Brown was nominated as Best Chef: Midwest in 2017, Kaysen and Kim are newcomers to the list of finalists. Just two local chefs-Brown and Jorge Guzman at Surly Brewer's Table-made the final cut previous year .
    Aaron Rodgers' career numbers when targeting Jordy Nelson are unbelievable

    Aaron Rodgers' career numbers when targeting Jordy Nelson are unbelievable

    This is the second time in recent weeks Rodgers has seemingly vented about a friend's departure from the organization. Nelson will turn 33 years old in May. "There will never be another quite like white lightning".
    Scholes, Gerrard, Ferdinand call for United to drop star

    Scholes, Gerrard, Ferdinand call for United to drop star

    However, the competitions that really matter to Manchester United fans are the Premier League and Champions League. But the attacker has failed to perform to his best and has often been a passenger in the United team.


Tillerson Replaced With Pompeo In Dramatic Shakeup
Tillerson's support for the Iran nuclear deal and his cautious approach to diplomatic affairs, often put him at odds with Trump. A Senate Foreign Relations hearing with Tillerson on the State Department budget is now cancelled.

Fred confirms Manchester City interest, but has eyes for Manchester United
A delegation from Shakhtar has been over to the City Football Academy at least once since December. " Fred will leave in July", Palkin confirmed, as quoted by FourFourTwo .

Minister's Wife and North Carolina Pastor Robbed and Beaten During Home Invasion
The State Bureau of Investigation says they've found a vehicle stolen during a home invasion and deadly fire. The State Bureau of Investigation and the State Highway Patrol are assisting in the investigation.

How to celebrate St. Patrick's Day in Atlanta the lucky way
Anyone can be Irish for the day and partake in the fun whether it be the wearing of the green or sipping a big mug of green beer. Patrick is that he drove snakes out of Ireland, however the evidence is that there never were snakes in post-glacial Ireland.

Champions League: Sevilla knock out Man Utd
Mourinho was philosophical about the defeat, telling reporters: "I don't think the performance was bad..." Jose Mourinho had clearly sent out his team with a cautious game plan.

Emails Reveal Ben Carson and Wife Personally Selected $31000 Dining Table
An August email from an administration staffer to Carson's assistant refers to "printouts of the furniture the Secretary and Mrs. Carson spoke out in a statement via CNN .

Weather warnings as fresh snow, rain, and winds forecast for UK
Temperatures will gradually get colder as we head towards the weekend, with the weather not expected to get above 2°C on Saturday. Some snow showers could also be seen in the West, the Met Office has said.

Monster Hunter World Deviljho DLC Release Date Revealed
Look forward to celebrating the Spring Blossom Festival that will run from April 5 to April 18 with hunters around the world . Deviljho is a particularly vicious bred of that type of creature who can survive in a variety of environments.

Buveur D'Air retains Champions Hurdle title at Cheltenham
He's proved he is very good - you don't win these back-to-back unless you are very good, and he's won everything all season. Archant London sat down with tipster Martin Girdwood of Girdys Gee Gees to take a look at some of the big races on day two.

Elon Musk Warns First Travelers to Mars: 'Good Chance You'll Die'
Among them, he talked about his admiration for Kanye West, while also revealing more about SpaceX's BFR rocket system. There is still no concrete launch date for the BFR rocket system, though we hope to see big things in 2019.