While the White House says they are still deliberating on the details of adding US$200 billion in Chinese imports to a list of tariff targets, President Trump said Friday that there is more where that came from.
The US-China trade spat escalated on July 6 when US President Donald Trump slapped tariffs on USD 34 billion in Chinese goods, triggering a dollar-for-dollar response from Beijing. He said those tariffs "could take place very soon", Reuters reported.
"To a certain extent it's going to be up to China", he said. "That totally changes the equation".
That list includes some consumer products, like cameras, luggage and tires and they'd be subject to tariffs of 10-25 percent.
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The Trump administration has imposed tariffs of $US50 billion on imports from China, mostly equipment and material used by manufacturers. Comparatively few applauded the tariffs. It said in a late submission that its AirPods headphones, some of Apple's Beats headphones, and its new HomePod smart speaker would face levies, causing its shares to slip in late trading.
Trump's threat to escalate US tariffs on Chinese imports contributed to a decline on Wall Street, with stock index futures dropping on concern that companies and workers would likely endure some financial pain.
In its filing, Apple challenged that approach, writing that "it is hard to see how tariffs that hurt USA companies and US consumers will advance the Government's objectives with respect to China's technology policies". "More broadly, tariffs will lead to higher USA consumer prices, lower overall US economic growth, and other unintended economic consequences".
Intel's letter goes further and warns that the tariffs will impact all consumer electronics, including smartphones, laptops and desktop PCs.
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It comes just weeks after Hurricane Lane brought "almost biblical rains" to the Big Island and also left parts of Oahu flooded. At its present course and speed, the center of Florence will likely approach the SC or Georgia coastline on Thursday or Friday.
Mr Trump appears to be ignoring calls from American industry to take his foot off the tariff pedal.
In the early rounds of the hostilities, the administration targeted Chinese industrial imports to try to spare American consumers from higher import costs.
Apple is among the most vulnerable US companies amid rising trade tensions, trade experts say. Earlier this year, the company said that as part of tax reform it would spend $350 billion in the United States over the next five years.
Chen Wenling, chief economist at the China Center for International Economic Exchanges, said China still needs to make long-term preparations for the Sino-US trade spat, which may require many years to resolve. Those talks will continue to go on.
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Matvienko also said she had passed a message from President Vladimir Putin to Kim - but did not reveal the contents of the letter. Progress toward denucleariation of the Korean peninsula appeared to stall in recent weeks following high expectations from Mr.
But she said, "We do believe that a deal that is good for Canada, good for the United States and good for Mexico is absolutely possible". "Lower barriers, open markets, quit stealing IP and technology", he said, using an abbreviation for intellectual property. "However, hope springs eternal".