Alwaght | News & Analysis Website

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

World against US Recognizing Al-Quds as Israeli Capital

World against US Recognizing Al-Quds as Israeli Capital

undefined
Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

undefined
Awamiyah: Saudi Regime Killing Own Civilians

Awamiyah: Saudi Regime Killing Own Civilians

undefined
Qatar Row Deepens Persian Gulf States Rifts

Qatar Row Deepens Persian Gulf States Rifts

undefined
Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
ISIS Terrorist Group

ISIS Terrorist Group

A terrorist group that fights against Resistance Axis in Syria and Iraq. It was founded & armed by America and its allies covertly.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

Map of  Latest Battlefield Developments in Syria and Iraq on
alwaght.com
News

Trump Orders Hitting China with $200 Billion in Tariffs

Saturday 15 September 2018
Trump Orders Hitting China with $200 Billion in Tariffs

Related Content

China Surplus with US Hits Record Despite Trade War

China Files Lawsuit to WTO against New US Tariffs: Commerce Ministry

Alwaght- President Donald Trump has instructed his aides to proceed with tariffs on about another $200 billion of Chinese goods, bringing Washington on the verge of the greatest escalation in trade war with Beijing yet.

According to Bloomberg News, Trump directed aides to impose tariffs on $200 billion worth of Chinese products, adding to the already $50 billion in place. The timing for activating the additional tariffs was unclear.

And the announcement follows his threat last week to impose another $267 billion on China’s exports to the US.

 “I hate to say this, but behind that there is another $267 billion ready to go on short notice if I want,” Trump said on September 7.

The green light for the tariffs initially dragged U.S. stocks lower, fueled drops in the Chinese yuan in offshore trading CNH=EBS and gains in the dollar index .DXY.

The Trump administration has demanded that China cut its $375 billion trade surplus with the US.

Trump’s move also comes at an inopportune time. Washington and Beijing were planning another round of talks on ways to end the trade spat. It’s possible, though, that the new tariffs will derail any chance of striking a deal in the near future.

Many of the tariffs Trump imposed so far have mostly targeted high-tech Chinese products to put economic pressure on Beijing’s “Made in China 2025” program — a Chinese government initiative to transform the country into an advanced manufacturing powerhouse, in areas like biotechnology, artificial intelligence, and autonomous vehicles.

Adding in the $200 billion list and another $267 billion of Chinese goods, total imports from China facing tariffs would exceed the $505 billion in goods that the United States imported from China last year. But 2018 imports from China through July were up nearly 9 percent over the same period of 2017, according to US Census Bureau data.

 

Tags :

US China Trade War Trump

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Israeli Regime Bombs out Al-Aqsa TV Station in Gaza

Israeli Regime Bombs out Al-Aqsa TV Station in Gaza