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Trade war: Trump again threatens China with $200B in new tariffs

Trump threatens new tariffs on ChinaLast week, the United States formally imposed $34 billion in tariffs on Chinese products and Beijing slammed the U.S. president by saying he's started "the biggest trade war in economic history."

Officials in China have denied accusations of unfair trade and said they had no choice but to fire back with taxes on U.S.-made aircraft, cars, computer chips, fuel, pork and soybeans.

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Donald Trump raises stakes as US-China trade war begins

Donald Trump starts trade war with China

Donald Trump has threatened to impose tariffs worth hundreds of billions of dollars on Chinese imports to the US as a trade war between the world's two largest economies began on Friday.

US tariffs on $34bn (£25.7bn) of Chinese goods have come into effect.  China retaliated by imposing a similar 25% tariff on 545 US products, also worth a total of $34bn.

Mr Trump said the US might target Chinese goods worth $500bn - the total value of Chinese imports in 2017.

Beijing accused the US of starting the "largest trade war in economic history" and has lodged a case with the World Trade Organization (WTO).

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Harley-Davidson to move some motorcycle production out of U.S. after EU tariffs

Harley Davidson to move some plants out of US

Harley-Davidson plans to shift a portion of its U.S. motorcycle manufacturing capacity to foreign markets after a trade spat between President Donald Trump and the European Union led to increased tariffs.

The Milwaukee-based motorcycle manufacturer said Monday in a public filing that the move is necessary to preserve its second-biggest sales market.

The company did not specify whether it would close any U.S. plants or lay off any workers. But when Harley recently mapped out plans to shift some production to a new factory in Thailand, the company announced it would close its plant in Kansas City and add some jobs at a facility in York, Pa.

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Allies line up to impose retaliatory trade tariffs on US

Allies retaliate tariffs

Turkey and India announced on Thursday retaliatory tariffs worth hundreds of millions of dollars on goods imported from the United States, joining the growing list of Washington allies that have taken similar measures.

Ankara said it is imposing $266.5m of levies on imports of US automobiles, coal and several food items, in response to the  "ill-advised" and "unsupportable" additional steel tariffs enacted by Washington, Economy Minister Nihat Zeybekci said.

The tariffs will also affect US products such as walnuts, almonds, tobacco, unprocessed rice, whisky, cosmetics, machinery equipment and petrochemical products.

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Trump orders tariffs on $200B more Chinese goods

Trump orders new tariff on China

President Donald Trump on Monday raised the stakes in a growing trade dispute with China, ordering trade officials to draw up a list of $200 billion worth of Chinese goods that would be hit with an additional 10 percent tariff, after Beijing retaliated in kind to Trump's decision to hit an initial $50 billion worth of Chinese goods with a 25 percent tariff last week.

"This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods," Trump said in a statement. "This is unacceptable. Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States."

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Report: Trump to Authorize $50 Billion in New Tariffs Targeting China

Trump okays $50B in tariffs on China

President Donald Trump approved tariffs on about $50 billion of Chinese goods, people familiar with the decision said, as the U.S. ratchets up its trade fight with Beijing over China’s alleged pressure on U.S. firms to transfer technology to Chinese partners.

The approval followed a 90-minute meeting on Thursday of senior White House officials, national-security officials and senior representatives of the Treasury, Commerce Department, U.S. Trade Representative’s Office.

It wasn’t clear when the tariffs would go into effect. Beijing has said that it intends to assess tariffs on a corresponding amount of U.S. goods.

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Renowned Economist Jeffrey Sachs Rips Trump As A Gibbering, ‘Delusional’ Threat

Jeffrey SachsAmerican economist Jeffrey Sachs has written a scathing takedown of President Donald Trump, calling him a delusional, psychopathic “threat to the nation and the world.”

He might be a “Manchurian Candidate” who is working as a “stooge” for some foreign power to destroy the U.S., Sachs wrote on CNN’s website Friday, referring to the spy movie thriller.

“Much more likely, Trump is just mentally unstable and narcissistic,” he added, calling the new announcement of tariffs on exports from Canada, Mexico and the European Union part of a “psychopath’s trade war.”

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