Home » World

China: Beijing to Cut Tariffs on Imports From Most Trading Partners

24 September, 2018, 18:40 | Author: Lucille Rivera
  • The Latest: Sec. Ross: Americans won't feel trade-war sting

US officials are set to impose a new round of levies on an additional $200 billion of Chinese imports ranging from detergent to luggage. The list includes 5,745 full or partial lines of the original 6,031 tariff lines that were on a proposed list of Chinese imports announced in July.

By cutting tariffs, China is hoping to stimulate its economy and increase domestic consumption. We're now talking about tariffs on just about half of everything we get from China. The move could also strike a blow in the ongoing trade war with the United States, but it is not clear how many USA imports already targeted by Beijing could benefit from reduced tariff barriers if they enter China through a third country.

"This has become a kind of US routine", he said. The company is racing to complete an order for another USA customer who's prepared to pay extra for air freight if it means dodging the new tariffs, she said. And we will come back with more if they retaliate.

"More clients in the last two months are asking if we can deliver goods ahead of the scheduled time to avoid the upcoming tariffs", said Chairman Lun Leung.

The world's biggest retailer has warned President Trump that his escalating trade war with China could force it to raise prices.

First Space X Private Customer Heading To The Moon
Last year, he said two paying tourists would circle the Moon in 2018, but those plans that did not materialize. SpaceX has already upended the space industry with its relatively low-priced reusable Falcon 9 rockets .

His remarks gave a lift to the yuan, which has lost about 9 percent of its value since mid-April amid the ongoing trade war. "They still have many opportunities despite the trade frictions between China and the U.S.", Ma said.

All of this means, he said, is that the system remains stacked against the USA and a system that has been in place that long that has achieved such volumes can not be changed overnight.

In the industrial hub of Dongguan in southern China, toy-maker Lung Cheong Group - which supplies Hasbro Inc. - is getting squeezed by American customers watching their calendars.

"It's going to last long; it's going to be a mess", he said. So if Trump fulfills his threat and hits the remaining $267 billion of Chinese exports as well, by next Sunday ALL America's imports from China and ALL China's imports from the United States will be paying tariffs. "In the long run, I think it will work out well, as both China and the USA stand to gain tremendously by coming to good terms".

In March, the U.S. Trade Representative's Office (USTR) first released the findings of its Section 301 investigation, which found that found China's actions, policies and practices related to technology transfer, intellectual property and innovation are unreasonable and discriminatory and burden or restrict U.S. commerce.



Lions Were Close To Trade With Patriots For Rob Gronkowski
Schefter reports that Gronkowski threatened to retire upon learning of the talks and did not return any of the Lions' calls. Sources say Gronkowski's position was more related to not wanting to leave the Patriots rather than play for the Lions .

Karl-Anthony Towns agrees five-year, $190m extension with Timberwolves
The Athletic was first to report Saturday that the Timberwolves granted Butler permission to miss the team activities. Taylor has overseen high-profile Minnesota stars getting traded in the past, including Kevin Garnett and Kevin Love .

Bills stun Vikings 27-6 in rookie Allen's 1st road start
What was surprising was the Vikings defensive end was not on the sideline for the game. The Vikings have a short week as they play the Rams in Los Angeles on Thursday.

Corbyn would back members on second referendum
Some 81 per cent believe their standard of living would get worse after Brexit and 89 per cent said it would be bad for jobs. We are not happy with it and we would vote against it.

New allegations surfaces over Trump's court nominee
If no Democratic senator supports Kavanaugh , Republicans can only afford to lose one vote with their 51-seat majority. Kavanaugh has vehemently denied the allegations, telling sources he was "flabbergasted" when he learned of them.

Anfield remains a fortress in Klopp's 600th league game
Joel Matip was spot on and the full backs had outstanding work rate and I liked what I saw", the German coach said. He said: 'I couldn't shout anymore, ' so that's obviously 60 percent less of his level.

Patriots' Gronkowski limited in practice with ankle issue
Along with Gronkowski, running back Sony Michel (ankle) and defensive end Deatrich Wise (finger) were removed from the injury report.

CDC: Alzheimer's disease, dementia cases to double by 2060
More than 12 percent of older Hispanics have Alzheimer's , while 10 percent of whites over 65 have the disease. But as more people live longer, the numbers will inevitably go up.

Emery guns for Champions League, Football News & Top Stories
But he added: 'The Premier League is the first competition because it's giving us a big responsibility, maybe bigger than the others, in the season.

Natwest online banking customers locked out of accounts
With banks reducing their number of branches and support staff, mobile apps are becoming more important for customer services. During the outage, RBS Group said customers could still use telephone banking, and access to high street ATMs is unaffected.