China threatens USA with $60B in tariffs on coffee, honey

China threatens USA with $60B in tariffs on coffee, honey

The move is in response to threats by the Trump administration to raise the tariff rate on an additional $200 billion worth of Chinese goods.

Speaking at a press conference on Friday, foreign ministry spokesman Geng Shuang said: "The Chinese side calls on the U.S. to return to rationality, and eradicate its mistakes to create the right conditions for resolving the problem".

The trade war between the two superpowers has escalated in recent months after Donald Trump's administration imposed tariffs on $34bn of Chinese goods in July.

The Trump administration will propose raising its planned 10 per cent tariffs on $US200 billion ($270 billion) in Chinese imports to 25 per cent, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.

Kudlow, who heads the White House's National Economic Council, said China was increasingly isolated in the trade arena, with Washington moving toward trade deals with the European Union and with Mexico.

White House economic adviser Larry Kudlow warned China after it announced its retaliatory tariffs, saying Beijing should not underestimate US President Donald Trump's determination to act on trade.

ALF Reboot Being Developed from Warner Bros
One idea would involve the character emerging from Area 51 to find himself in a very different world nearly 30 years later. TVLine and Variety have reported a reboot of ALF is in development at Warner Bros .

"The US side has repeatedly escalated the situation against the interests of both enterprises and consumers".

He has previously warned he is prepared to "go to 500", a reference to the £384bn ($500bn) worth of goods Chinese firms sold to the United States previous year.

They will apply to 5,207 American-made goods, including a range of agricultural products such as vegetable oils, smoked and salted beef, wheat flour and wine.

China immediately vowed to retaliate, though at the same time urged the United States to act rationally and return to talks to resolve the dispute.

Other US goods targeted by China also included semiconductors, some helicopters, small-to-mid-sized aircraft, condoms, beef, steel products and coffee.

Related Articles

  • Moto Z3 with 5G Moto Mod launched: Price, full specifications, features

    Moto Z3 with 5G Moto Mod launched: Price, full specifications, features

    The Moto Z3 looks a lot like previous phones from Motorola , including the recently launched mid-range device, the Moto Z3 Play . In other words, the event was one very long Verizon commercial, hosted by Motorola who also happened to have a new device.
    PlayStation emerges as the biggest money churner for Sony in Q1 2018

    PlayStation emerges as the biggest money churner for Sony in Q1 2018

    The upward revisions confirm a smooth transfer of the reins at Sony following its return to health after huge losses in recent years.
    Alastair Cook out early as England bat first against India

    Alastair Cook out early as England bat first against India

    This was after India quickly wrapped up the English innings, who lost their last seven wickets for a mere 71 runs. Murali Vijay and Shikhar Dhawan looked at ease as they got to 50 without breaking much of a sweat.
  • Apple hits the $1T milestone

    Apple hits the $1T milestone

    While Apple is the first company to hit the trillion dollar mark, it is likely to be followed by Alphabet , Amazon and Microsoft . Companies typically do so when they consider their stock to be undervalued-or to return funding to investors.
    Cat-calling man punches woman who called him out

    Cat-calling man punches woman who called him out

    A French woman has posted a video of herself being verbally harassed and then hit in the face by a man on a street in Paris . For example, Le Parisien (see below) gave the story the headline: "Street harassment: A video that will open your eyes".
    John Kelly says he accepted Trump's request to stay on through 2020

    John Kelly says he accepted Trump's request to stay on through 2020

    Kelly's allies have said he took the job out of a sense of duty and he has not exactly hidden his simmering dissatisfaction. It's a one-man show and no one is getting in the way of Trump's delusion that he's nailing it on a daily basis.
  • Sarah Sanders Won’t Tell CNN’s Jim Acosta He’s Not The Enemy

    Sarah Sanders Won’t Tell CNN’s Jim Acosta He’s Not The Enemy

    Just look at his latest brawl with Sanders , when he said that the press "deserves" not to be called the "enemy of the people ". But in the same interview, the 29-year-old's uncles said: 'If Hamza was in front of me now, I would tell him, "God guide you".

    Trump proposes car-mileage rollback; states sue in protest

    Trump administration officials have fought for weeks behind the scenes over the details of the how to relax Obama-era standards. In our federalist system, California and other states should be able to experiment with what is permissible on their roadways.
    White House: Donald Trump Received August Letter from Kim Jong

    White House: Donald Trump Received August Letter from Kim Jong

    Also, thank you for your nice letter - l look forward to seeing you soon!,' the president tweeted Thursday morning. On Wednesday, 55 sets of remains were repatriated to the USA , where they were received at a ceremony in Hawaii.
  • Trump Holds Florida Rally

    Trump Holds Florida Rally

    Trump endorsed DeSantis as governor even before formally announcing his bid , calling the congressman "a brilliant young leader". As speakers took the stage to talk about how Trump is a "fighter" who faces tough "opposition", the crowd roared in approval.
    Bank of England hikes interest rates

    Bank of England hikes interest rates

    The repo rates are also hiked to contain inflation in the country. "So on balance the Bank's decision looks sensible". Student loan rates are based on the level of inflation, as measured by RPI, the retail prices index.
    Eli Apple, former Ohio State players react to Urban Meyer investigation

    Eli Apple, former Ohio State players react to Urban Meyer investigation

    It is not clear what contact Meyer had, if any, with university officials about the situation until Smith was sacked last month. On Thursday night, Ohio State announced it formed an independent board "related to the investigation involving Urban Meyer ".