Key events in rapid escalation of US-China trade dispute

Hamburg University's Flassbeck Says Trump Opened a New Era on Trade

"China will dedicate itself to the end and at any cost and will definitely fight back firmly" if the us persists in its "protectionism", the Commerce Ministry said in a statement.

Beijing was responding to an announcement hours earlier by President Donald Trump's administration outlining proposed tariffs on 1,300 imported Chinese products, including industrial robots and telecoms gear, to protest Beijing's alleged theft of USA technology.

He said Beijing should have reacted by changing its own policies, but "unfortunately, China has chosen to respond thus far with threats to impose unjustified tariffs on billions of dollars in US exports".

Combined with China's already proposed sanctions, a move by Beijing to match Mr. Trump's latest threat of additional tariffs would exceed the $130 billion in all US exports to China previous year.

Then accusing China specifically of forcing American companies in China to transfer technology to their local partners and stealing intellectual property, he announced almost $50 billion in tariff on Chinese goods later in the month.

Trump asked the U.S. Trade Representative (USTR) to consider lobbing additional tariffs against China in light of the country's "illicit trade practices" that have "destroyed thousands of American factories and millions of American jobs".

A third of U.S. soybean exports go to China, totalling $14 billion a year ago, and the product comes from rural states that voted for Trump in the 2016 election.

"I have great respect for the President of China, President Xi". The proposal is in retaliation for China's announcement of tariffs on US products like soybeans, beef, pork, and some airplanes. China's government said earlier its imports of those goods previous year totaled $3 billion.

Foreign ministry spokesman Geng Shuang said China remains open to talks, "but the opportunity for consultation and negotiation has been missed by the USA side time and again". In threatening these penalties, Trump is seeking to enforce a 1974 law that gives him power to direct investigations into what he believes are China's theft of USA intellectual property.

Apple hires former Google AI chief John Giannandrea
Apple can't afford to keep lagging behind in this space, especially now that it's asking even more of Siri with the HomePod . Users have often spoken of what they view as Siri's inferior quality when compared to Google Assistant and Amazon's Alexa .

Steel and aluminum suppliers began raising prices within 24 hours of Trump's announcement last month of his intention to impose import tariffs, according to the Institute for Supply Management.

Financial markets, unsettled for days by the trade fight and Trump's management of it, whipsawed again on the new threat.

Trump, meanwhile, unleashed a tweet storm, declaring the United States is "not in a trade war with China" and implying he was simply fixing the mistakes of previous administrations.

"The announcement that the administration may issue 100 billion dollars in additional tariffs on Chinese products is irresponsible and destabilising", Dean Garfield, head of the Information Technology Industry Council, said. "He's threatening to light American agriculture on fire", Sasse added.

China has accused Trump of damaging the global system of trade regulation by taking action under USA law instead of through the WTO. But they had calmed down Wednesday and Thursday on hopes the U.S. and China would find a diplomatic solution. But that "does not mean there isn't going to be a political backlash", he said.

In a statement, he announces the US Trade Representative has determined that China "has repeatedly engaged in practices to unfairly obtain America's intellectual property".

Washington's attempts at reducing its trade deficit by engaging in a trade war were compounding its mistakes, it added.

In China, some observers held out hope that the two countries were headed toward negotiations and noted that despite Beijing's tough talk, it likely does not want the country's export-driven economy to be hit by punishing tariffs.

Related:

  • Trade war with China: What you need to know

    Trade war with China: What you need to know

    The US measures mainly goods that allegedly benefitted from China's theft of US intellectual property. That came with the US considering duties on an additional $100 billion in goods imported from China.
    Remains Of Senator Bukar Laid To Rest In Daura

    Remains Of Senator Bukar Laid To Rest In Daura

    Senator Bukar, who represents Katsina North ( Daura Zone) in the Senate, died around 10.am on Wednesday following an illness. Bukar who was born in Daura , Katsina State, in December 1953 was 1978 graduate of Engineering of Ahmadu Bello University .
    Trump wants to withdraw US troops from Syria

    Trump wants to withdraw US troops from Syria

    The U.S. and Russian Federation are fighting two separate campaigns against ISIS in Syria. Sometimes referred to as land, taking it all back.
  • Fortnite vending machines locations: Your guide to finding them all

    Fortnite vending machines locations: Your guide to finding them all

    The locations are now spread out all over the island map and can be accessed on both the interior and shoreline of the island. And that's all you need to know to find hidden gnomes in Fortnite Battle Royale and tick the challenge off the list.
    Winnie Mandela Should Have Been President, Says Head Of S.African Left

    Winnie Mandela Should Have Been President, Says Head Of S.African Left

    People pay their respects outside the home of Winnie Madikizela-Mandela in Soweto, South Africa, April 2, 2018. The couple were divorced in 1996, two years after Nelson Mandela became South Africa's first black President.
    Syria: Fighters begin leaving Ghouta's last rebel-held town

    Syria: Fighters begin leaving Ghouta's last rebel-held town

    Yevtushenko said in remarks carried by Russian news agencies that a total of 30,376 people have left Douma since Wednesday. Twenty buses carrying 1,065 Jaish al-Islam fighters and their families left Douma for Al-Wafideen Crossing on Monday.
  • Khabib Nurmagomedov's New UFC 223 Opponent Officially Finalized

    Khabib Nurmagomedov's New UFC 223 Opponent Officially Finalized

    According to Bohn , Holloway got down to 159 pounds, four pounds above the limit. "I tried to get it", he wrote on Twitter. Multiple reports suggest that Pettis asked the UFC for additional money to fight Nurmagomedov, but the UFC declined.
    Former Bernalillo schools bookkeeper pleads guilty to fraud

    Former Bernalillo schools bookkeeper pleads guilty to fraud

    Tad Cummins has pleaded guilty to kidnapping his teenage student, taking her across state lines and sexually assaulting her. A Bryan man was sentenced to 25 years in prison Tuesday after pleading guilty to assaulting a public servant in May 2017.
    Brazil's Lula must start prison term, Supreme Court rules

    Brazil's Lula must start prison term, Supreme Court rules

    However, numerous exceptions to the law, known as the " clean slate ", have been made since its introduction in 2010. An arrest warrant is reportedly expected in a matter of days.
  • NYPD Shot and Killed a Mentally Ill Black Man in Brooklyn

    NYPD Shot and Killed a Mentally Ill Black Man in Brooklyn

    According to The New York Times , police had encountered Vassell before and classified him as emotionally disturbed. In all, three plainclothes officers and one uniformed officer fired 10 rounds between them, Monahan said.
    Cristiano Ronaldo Thanks Juventus Fans for Applause After Overhead-Kick Goal

    Cristiano Ronaldo Thanks Juventus Fans for Applause After Overhead-Kick Goal

    Ronaldo noted after the match that for all the goals he has scored in his career, the most recent one may be the best he's netted. He put them in command of the Champions League last-16 tie before popping up with a world class effort in 64th minute.
    Spotify soars in $26 billion stock debut

    Spotify soars in $26 billion stock debut

    Since 2006, the firm has expanded to having 157mn users across the globe with 71mn people paying a monthly subscription fee. It's not really been a good time for technology stocks, but on the day of Spotify's debut the Nasdaq closed up 1 .06%.

Comments

Latest news

UFC Fights Cancelled After Conor McGregor Attacks Rival Fighters' Bus
McGregor spent Thursday night in a Brooklyn police station, after surrendering, and was escorted to a criminal court in handcuffs. This is the furthest thing from a stunt. " This is way bigger than 'are you going to fire the guy?' This is criminal ", he said .

Former South Africa leader Zuma in court to face corruption charges
Thuman Mkhize, 43 and unemployed, from Durban said Zuma "was the ideal leader" because he "opened free education and land". Ramaphosa has said that, under the agreement, Zuma will have to reimburse the state if he eventually loses the case.

Long-lost daughter reunited with family after 24 years
On Monday, Mr Wang and Kang Ying spoke for the first time via a voice messenger app, thecover.cn reported (in Chinese). She had been told by her adoptive father that she was found on the side of the road and did not have a mother .

US employers add 103000 jobs in March, fewest in 6 months
ADP, which calculates based on its own payroll services, had predicted a net gain of 241,000 jobs in March. Payrolls in the sector fell 15,000, the first drop since last July, after surging 65,000 in February.

"He's Lost His Mind": Jimmy Kimmel Takes on "Ass Circus" Sean Hannity
Sean Hannity and Jimmy Kimmel are feuding after the late-night host cracked a joke at first lady Melania Trump 's expense. Hannity posted old television clips of Kimmel making sexual jokes and called the comedian "Mr Harvey Weinstein jr".

Prince Charles wants Australia to become a republic: Paul Keating
The tour is the 16th trip to Australia and the seventh to Queensland for Charles, while it is Camilla's third visit. Bundaberg is the first regional stop for Prince Charles as part of his official duties for the Commonwealth Games.

President Trump blames state of DACA on Democrats
DACA stands for "Deferred Action on Childhood Arrivals". "It's frustrating because we're in limbo right now", Agustin added. Trump has previously called for the "nuclear option" - changing Senate rules to end the filibuster.

Commonwealth Games: Gururaja Poojary from Karnataka wins India's first medal
Swimmer Aimee Willmott won England's third gold, beating Scotland's Hannah Miley in the 400m individual medley. Liam Schluter and Daniel Fox of Australia claimed silver and bronze respectively.

One day after horrific spill, Tony Finau plays Masters on tender ankle
With his ankle visibly damaged, he appeared to lean down and simply push it back into place before limping back to the tee. Finau then proceeded to sprint towards the hole in celebration. "It's nothing short of a miracle for me".

Donald Trump denies knowledge of lawyer's payment to porn star
She recently appeared on CBS' " 60 Minutes " and claimed Cohen orchestrated a payment to keep her quiet during the election. Daniels also signed a non-disclosure agreement.

MLK assassination anniversary: John Lewis speaks at event honoring MLK
I asked my mom, "How did King die?" The march was led by sanitation workers union members, whose low pay brought King to the city. King catapulted into the national spotlight by taking the lead on a year-long boycott against racial segregation on local buses.

Facebook Live Captures Moment Houston Man is Shot in the Head
Holmes was nervous when Damper picked up the gun. " It ain't got no clip, bud ", the other man in the auto is heard saying. THIS is the horrific moment a man is accidentally shot in the head on Facebook Live while his pals mess about with guns.

Trump sticks by EPA chief as lawmakers call for resignation
That message was reinforced by White House Chief of Staff John Kelly in a telephone call to Pruitt on Tuesday morning. Pruitt is also facing unflattering headlines about his use of private jets and his living arrangements.

Narendra Modi betrayed Andhra Pradesh by denying special status, says Chandrababu Naidu
He also met leaders from different parties to generate support over getting Special Category Status (SCS) for Andhra Pradesh. Naidu said. "Ambition to grow is one thing but doing things this way is not acceptable, not a correct approach".

Global shares recoil as China retaliates in U.S. trade war
Trump has also ordered his treasury secretary to weigh new limits on Chinese investment in the United States. With the arrival in 1995 of the Geneva-based World Trade Organization, Section 301 largely faded from use.

Other news