Sunday, 16 December, 2018

U.S. calls China’s tariffs on American autos ‘egregious’

Trump may slap tariffs on iPhones Report Mr Donald Trump threatened to slap tariffs on mobile phones from China
Kelvin Reese | 30 November, 2018, 00:14

President Ramaphosa will also chair a BRICS Leaders' Summit on the margins of the G20.

Trump, however, told the media on Tuesday that he would consider canceling his scheduled meeting with his Russian counterpart Vladimir Putin, citing the ongoing Ukraine-Russia confrontation near the Kerch Strait that separates the Black Sea and the Sea of Azov. A meeting with Trump has not been ruled out by the White House.

Trump again ridiculed probes into the allegations and accused his former lawyer Michael Cohen of lying, after Cohen pled guilty to misleading Congress.

It also, however, sees the trade confrontation as a United States attempt to repress China's economic and geopolitical ambitions and protect the dominance of the USA economy and, in particular, its leadership in technology. He said he would decide on a course afterward.

"If that is the case, the president (Putin) will have a few extra hours in his programme for useful meetings on the sidelines of the summit".

On the South Lawn of the White House as he prepared to depart for the trip, Trump laid out his thinking about the possibility of a deal with China.

U.S. President Donald Trump said on Wednesday that new auto tariffs were "being studied now", asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co announced this week.

Trump said Thursday: "I like the deal we have now". "I think we'll either make a deal or we'll be taking in billions and billions of dollars a month in tariffs, and I'm okay with either one of those two situations".

A Reuters poll yesterday showed China's factories likely struggled to grow for a second straight month in November as cooling demand at home and the threat of higher USA tariffs stifled new orders.

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He and Verstappen banged wheels as they fought for position, forcing Bottas to make another pitstop for a suspected slow puncture. Then they can take their time to get the auto righted and let him get out".

"China will make efforts to further open its door to the outside world", Xi told the Spanish Senate.

Still, some Democratic lawmakers want Trump - even if deals aren't likely - to make clear to Xi that he is willing to try to create an environment under which reaching an agreement might be more feasible.

The bilateral talks of the impulsive U.S. president, who scorns multilateral talks, will chant the meeting Friday and Saturday of the heads of state and government of the world's top twenty powers, weighing 85% of the world's GDP, in the Argentine capital.

For starters, US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies and threatened tariffs on Chinese autos.

In an interview with Argentine daily La Nacion, the French president warned against the risk of "a destructive trade war for all" emanating from the G20 discussions.

Automakers, dealers and suppliers have come out against any new tariffs, arguing that they would hurt even US -based companies and the U.S.'s worldwide competitiveness.

Trump has repeatedly shown his disdain for worldwide summitry by blocking final communique at other recent gatherings such as the G7 and the Asia-Pacific bloc APEC.

"His intention is to contain China", the source said.

"As far as other countries are concerned, that's up to them". If no deal is reached during that meeting, he intends to impose tariffs of 10% to 20% on all remaining imported goods from China. Yes, most Apple products including iPhones have so far been excluded from tariffs on Chinese goods, but even Apple's mighty influence with the USA government can't win the company a permanent reprieve from trade war pain.

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