Following news from last Friday that the Ministry of Commerce is planning to impose 15 % tariff on American wine as part of its retaliation against the Trump Administration's decision last week to levy
tariffs on about US$ 50 billion worth of Chinese imports, in a statement sent to dbHK today, Robert Koch, CEO of the wine institute, said: «Chinese retaliation against US wine would put our producers at a significant disadvantage in one of the most important markets in the world at a critical time,»
China announced its planned tariffs hours after the Trump administration detailed proposed
tariffs on about 1,300 Chinese goods, worth about $ 50 billion annually.
Trade war: After President Trump announced
tariffs on about $ 50 billion worth of Chinese goods, China announced it would impose retaliatory import tariffs on 128 U.S. products.
President Trump on Thursday, when
tariffs on about $ 60 billion worth of Chinese imports were announced.
He has also announced plans to impose
tariffs on about $ 50 billion worth of Chinese goods.
A breakthrough deal to fundamentally change China's economic policies is viewed as highly unlikely during the two days of talks, though a package of short - term Chinese measures could delay Washington's decision to impose
tariffs on about $ 50 billion worth of Chinese exports.
Trump announced
tariffs on about $ 50 billion worth of Chinese imports on Thursday afternoon.
Trump on Thursday directed the US trade representative to level
tariffs on about $ 50 billion worth of Chinese imports.
On Monday, the Trump administration announced
tariffs on about $ 50 billion worth of imported goods from China, aiming to punish the country for alleged violations of American intellectual property.
Canada and Mexico have threatened retaliation, and the European Union said it would apply 25 percent
tariffs on about $ 3.5 billion of imports from the United States if Trump carried out his plan.
An expanded ITA would eliminate
tariffs on about $ 1 trillion worth of global sales on IT products, Froman said.
Budget 2016 announces that the Government will eliminate
tariffs on about a dozen manufacturing inputs, providing an estimated $ 9 million in tariff savings over the next five years to Canadian manufacturers in the consumer goods and transportation sectors.
The EU has warned it would respond with its own 25 percent
tariff on about $ 3.5 billion of American goods.
Not exact matches
Ryan's office also pointedly sent reporters an article Monday from CNBC that highlighted how the Dow Jones industrial average fell more than 100 points after it opened
on Monday because investors were worried
about the
tariffs.
WASHINGTON, May 1 - U.S. factory activity slowed for a second straight month in April, with manufacturers complaining
about rising commodity prices in the wake of the Trump administration's
tariffs on steel and aluminum imports.
Meanwhile, the president agreed to delay
tariffs of 25 %
on steel and 10 %
on aluminum for
about a month.
The meeting was held before Trump instructed officials to consider
tariffs on an additional $ 100 billion in Chinese imports, bringing the value of the nation's products set for higher duties to
about $ 150 billion.
CNBC's Morgan Brennan speaks with CSX CEO Jim Foote
about President Trump's proposal to impose
tariffs on imported steel and aluminum and how it could impact his company.
A survey
on Monday showed sentiment among manufacturers falling in April for a second straight month amid growing concerns
about the
tariffs, which were imposed by President Donald Trump in March.
«DoD continues to be concerned
about the negative impact
on our key allies,» it said, and «targeted
tariffs are more preferable than a global quota or
tariff.»
Ignore all the day - to - day headlines out of Washington, he said
on «Fast Money Halftime Report,» even as equities were coming intense under pressure
on concerns
about a trade war after President Donald Trump announced steel and aluminum
tariffs.
Marchionne said he has not made a decision
on whether to move production of certain Ram heavy - duty pickups from Mexico to the United States, in part because of uncertainty
about tariffs.
The top Republican
on the Senate Agriculture Committee said every GOP senator is concerned
about the direction President Donald Trump is taking
on trade, from slapping
tariffs on solar panels to his threats to withdraw from the North American Free Trade Agreement.
However, when Bitcoin suddenly shot up
on Thursday, the online chatter was mostly
about the White House's military threats against Russia in Syria, its sanctions
on Russia and its
tariffs on China, with people speculating that Russians and Chinese might be buying into Bitcoin to quietly get their money out of those countries.
«The idea of a $ 1
tariff on Starbucks coffee, something I asked CEO Kevin Johnson
about, seemed fanciful 18 months ago.
As the debate
about the new
tariffs on steel and aluminum rage
on, it's important to realize that there is something we are missing altogether.
Josh Nye, an economist with RBC Economics Research, said it's unlikely metals
tariffs on their own would drastically change the central bank's thinking
about whether it stays
on a rate - hiking path.
* CEO not concerned
about possible U.S.
tariffs on China.
Andrew Kenningham, chief global economist at Capital Economics, speaks
about the potential impact of U.S. - imposed
tariffs on steel and aluminium.
South Korea said
on Tuesday the government will complain to the World Trade Organization (WTO)
about a U.S. decision to slap
tariffs on imported washing machines and solar panels, saying the decision is «excessive» and «regrettable».
SYDNEY, March 16 (Reuters)- The Association of Southeast Asian Nations (ASEAN) and Australia reject protectionism, Australian Prime Minister Malcolm Turnbull and his Singapore counterpart said
on Friday, amid fears
about a possible trade war sparked by U.S. plans to raise
tariffs on steel and aluminium imports.
President Donald Trump is set to announce
about $ 50 billion of
tariffs against China over intellectual - property violations
on Thursday, according a person familiar with the matter.
A simulation by Oxford Economics suggests a 25 percent U.S.
tariff on $ 60 billion worth of Chinese exports, with comparable retaliation, would reduce China's growth by
about 0.1 percentage point this year and a little less next year, chief Asia economist Louis Kuijs in Hong Kong said in a recent note.
NEW YORK, April 10 - U.S. stocks climbed
on Tuesday as investor concerns
about rising trade tensions between the United States and China eased after Chinese President Xi Jinping promised to cut import
tariffs.
Whether it's language barriers, a lack of information
on specific opportunities abroad or uncertainty
about details
on tariffs, there are a wide variety of reasons many Canadian businesses remain too close to home.
NEC Director Larry Kudlow discusses Facebook CEO Mark Zuckerberg's testimony to Congress
about the company's data misuse as well as Chinese President Xi's comments
on tariffs.
SYDNEY, March 16 - The Association of Southeast Asian Nations and Australia reject protectionism, Australian Prime Minister Malcolm Turnbull and his Singapore counterpart said
on Friday, amid fears
about a possible trade war sparked by U.S. plans to raise
tariffs on steel and aluminium imports.
More worrisome were reports
about tariffs on China.
But the level of anxiety has risen since Trump imposed
tariffs on imported steel and aluminum, and unease remains
about the NAFTA negotiations with Canada and Mexico.
But numerous irritants remain, leaving uncertainty
about what happens next, with U.S. steel and aluminum
tariffs set to kick in next week and the deadline fast approaching to get a deal that can be voted
on by the current U.S. Congress.
In mid-January, Trump announced that the US will administer a 30 %
tariff on imported solar panels, which will fall to
about 15 % over a period of four years.
So far, the Trump administration has sided with Boeing and recommended
tariffs of almost 300 percent
on the planes, which seat
about 100 to 125 passengers.
«
About 60 per cent of goods sent from Canada and Mexico to the U.S. would see virtually no change in the
tariffs assessed
on them if the U.S. were to withdraw from NAFTA,» the Scotiabank economists conclude.
«Canada has to stay very stern and strong, (and) say look, you've got your NAFTA negotiations, this is
about tariffs on steel.»
With everyone worried
about the threat of
tariffs, taxes and quotas
on imports, companies are shipping as much as they can right now.
U.S. Commerce Secretary Wilbur Ross said
on Sunday that Trump had spoken to world leaders
about his planned
tariff hikes and was not considering any exemptions to the measure.
TOKYO, March 6 (Reuters)- Asian shares regained some ground
on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminium
tariffs, easing investor worries
about an imminent trade war.
While complaints
about China's abuse of intellectual property rights are not confined to the United States, Trump's global steel and aluminum
tariffs announced last week under section 232 of the Trade Expansion Act of 1962 complicate U.S. efforts to recruit allies to put pressure
on China.
-LSB-...] «
About 60 per cent of goods sent from Canada and Mexico to the U.S. would see virtually no change in the
tariffs assessed
on them if the U.S. were to withdraw from NAFTA,» the Scotiabank economists conclude.
As talk
about the economy has largely focused
on tax cuts, the U.S. budget deficit and the potential for trade
tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.