That move was in response to the Trump administration's proposal of a 25-percent tariff on $200 billion worth of Chinese imports. That particular set of tariffs has not yet taken effect.
China has already retaliated against some of these measures.
Trump then threatened to slap a 10% tariff on another $200 billion worth of Chinese goods, again leading to a counter-threat from Beijing. A final decision on the tariffs isn't expected until September.
Retaliatory tariffs were necessary, China says, to "defend the dignity of the country and interests of its people" as well as "the mutual interest of all the countries in the world".
China has announced retaliatory tariffs on $US60 billion ($81bn) worth of USA goods ranging from liquefied natural gas (LNG) to some aircraft and warned of further measures, signalling it will not back down in a protracted trade war with Washington.
Friday's threat targeting a smaller amount of US goods reflects the fact that Beijing is running out products for retaliation due to its lopsided trade balance with the United States.
Trump continued his focus on tariffs Sunday morning, tweeting that the duties are working "big time" and that imported goods should be taxed or made in the U.S. He also suggested duties will allow paying down "large amounts of the $21 trillion in debt that has been accumulated" while reducing taxes for Americans.
China responded with tariffs on $3 billion worth of USA items, largely agricultural products and metal. Those tariffs have already started to affect some businesses, though only a small fraction of the USA economy is experiencing consequences. Last month, the International Monetary Fund warned that escalating trade conflicts following USA tariff actions on its trading partners threaten to derail the global economic recovery.
"The money comes after farmers, especially soybean growers, have felt the brunt of retaliatory tariffs placed on agriculture by China and other nations that the Trump administration has penalized with tariffs on imports", NPR's Brian Naylor reported. In negotiations with China, Trump's major request was a massive reduction in the bilateral trade deficit.
No cargoes at all have yet been booked for September, raising the possibility that China's imports of U.S. LNG will drop to zero, even though any tariff action still has to be implemented. Investment is down. Consumption is down. While denouncing the US leader's actions, Beijing is also using its media to calm markets and express concern about the impact on the Chinese economy. And so I'm going to make the case that they are in a weak economic position. "China trade dispute. They expect solid economic growth momentum amid policy fine-tuning", an article in the official English-language China Daily newspaper said, citing Chinese economists.
Speaking to Bloomberg TV yesterday, National Economic Council Director Larry Kudlow said: "We've said many times: no tariffs, no tariff barriers, no subsidies".
A border dispute between Djibouti and Eritrea resulted in armed clashes in June 2008, leaving several people dead from both sides. Amid the violence, the region's president Abdi Mohammed Omer stepped down late on Monday, state-owned media outlets said.
The add-on now offers 10GB of 4G LTE mobile hotspot data, but that'll be bumped up to 20GB starting August 10th. One line of T-Mobile Essentials costs $60/month, $30/month for the second line, and $15/month for lines 3-6.
Within a matter of hours, people in the community collected $256 for the boy. "He was definitely shocked", Huyck said. A nine-year-old boy has been robbed at gunpoint while selling lemonade from a stand.
A huge explosion has taken place near an airport in Italy this afternoon amid reports or a road smash involving a petrol tanker. Local police said that there had been a collision on the motorway and an explosion happened in the subsequent fire.
Houston starter Lance McCullers Jr . left a game against the Dodgers Saturday because of right elbow discomfort. McCullers returned to Houston on Sunday morning to get a more detailed examination from team doctors.
The news is devastating to many publishers and could potentially put some popular Apple sites out of business. The company is maintaining its referral rate of 7% for music, movies, books and TV programs.
Then, later in September, PlayStation 4 players will be able to try out the new battle royale mode for the game called Blackout. Call of Duty: Black Ops 4 is the deepest, most engaging Black Ops game ever that offers more ways to have fun with friends.
The film sees the legendary star playing real life criminal Forrest Tucker, who robbed banks over the course of a 60 year career. When asked if he ever thought about going back to painting, Redford admitted he was "getting exhausted of acting".
Police Patrol Chief Fred Waller said Sunday that gang members are using large summer crowds as cover in some cases. The police force simply isn't getting violent criminals off the streets, leaving them to kill and kill again.
MoviePass will limit customers to three movies per month
MoviePass says the new cap will affect only about 15 percent of subscribers - those who now watch four or more movies a month. Helios and Matheson stock has plunged as investors have grown increasingly doubtful about the viability of MoviePass .
Mobile Essentials offers unlimited data with no frills
T-Mobile's most expensive plan is its "One Plus" that includes all that plus more hotspot data, HD streaming, caller ID and more. If not, and you don't ever go to Canada or Mexico, then I'm not sure why you wouldn't downgrade to this new Essentials plan .
NASCAR CEO Brian France charged with DUI
The outlet also reports that France's blood-alcohol level was well over twice the legal limit. Police suspected that the NASCAR CEO was intoxicated and found oxycodone pills on his person.