Trump Told Apple CEO iPhones Will Be Spared From China Tariffs

Trump threatens extra tariffs on US$200b of Chinese goods

Trump threatens all-out trade war with China, tariffs on $200 billion worth of goods

In the separate dispute about steel and aluminium tariffs, he also has to contend with the politically targeted retaliation that other countries such as Mexico, Canada and the European Union have in hand, meant to hit important states in the mid-term elections.

Pompeo on Monday described US actions as "economic diplomacy, " which, when done right, strengthens national security and global alliances, he added.

China has underestimated President Donald Trump's resolve to move forward with tariffs unless Beijing changes its "predatory" trade practices, a top US trade advisor said on Tuesday, in comments that diminished the chances of a negotiated settlement to a looming trade war between the world's economic superpowers.

The escalation in trade tensions comes at an inopportune time for China's policy makers, with indicators for May suggesting growth is already dialing back a notch.

That prompted a sharp response from Beijing, with China's Commerce Ministry accusing the United States of "extreme pressure and blackmail". But last week, Trump unveiled a revised list that included several categories of chips, raising fears that tariffs could impact the USA technology sector.

"If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods", Trump said in a statement. "China's government will step up an already intensive effort to determine whether Trump has the political strength to carry out his threats, while working to maximize pressure on USA interests to force him to back down and accept a compromise".

But last week, Trump unveiled a revised list that included several categories of chips, raising fears that tariffs could impact the United States technology sector.

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The team says Dzagoev underwent an MRI scan on Friday and "a timeframe for his treatment will be determined in the coming days". He said: " These players have made my face go black with embarrassment and fury ".

The initial USA tariffs are aimed at items such as semiconductors, electronics, plastics and other goods from sectors expected to benefit from China's "Made in 2025" initiative to dominate the world in technology areas such as robotics, driverless cars and advanced medical devices.

"Most damaging for businesses and investment is perhaps rising uncertainty caused by lasting trade disputes, which could delay or significantly change business and investment decisions", warned economists at UBS.

But Beijing faces challenges in retaliating directly: China ships far more goods to the United States ($505 billion previous year, according to USA figures) than come back in the opposite direction ($130 billion).

Trump cited China's imposition of charges on USA goods - which came in response to Washington's opening salvo in a mounting trade dispute - as "unacceptable". A punitive duty the Trump administration applied to lumber imports from Canada has raised the price of a new home by $9,000, according to the National Association of Home Builders. On Friday, that list had been reduced to 1,102 items of the same value, with 818 items worth $34 billion set to be hit with tariffs from July, and the $16 billion remainder to undergo further review and a public hearing on July 24 before a final determination is made. American farmers export about $14 billion worth of soybeans to China each year and have been voicing concerns about what a trade war could do to their livelihoods.

Last week Mr Trump announced the United States would impose 25% tariffs on $50bn worth of Chinese goods.

The potential tariffs released on Monday are in retalitation to that statement from China.

The White House said it would consult on tariffs on the other $16bn of products, and would apply these later. "This is unacceptable", Trump said.

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