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11 September 2018, 01:12 | Vera Richards
Donald Trump: U.S. could move "very soon" to hit China with $200B in new tariffs
The proposed tariffs follow 25% duties the Trump administration already has placed on $50 billion in goods from China, aimed at putting a stop to what the White House has said is China's theft of USA intellectual property, the forced transfer of American technology and cyberattacks on US computer networks.
Cell phones, the biggest US import from China, have so far been spared, but would be hit if Trump activates the new $267 billion tariff list.
The US government already imposed 25 percent tariffs on $34 billion of Chinese imports in July and another $16 billion last month. Because of this, the consumer will pay more for products from Apple, said the company.
"Semiconductors are America's fourth-largest export, and our industry has a global trade surplus of over $6 billion and a surplus with China of close to $2 billion in 2017", Intel's letter said. US stocks erased gains after Trump's remarks.
HiSilicon Kirin 980 announced
In addition, the Kirin 980 has a new way of implementing what's known in smartphone processor circles as "big little" processing. The HiSilicon Kirin 980 is the latest chipset from the company, which is the successor to the HiSilicon Kirin 970 SoC.
"I don't think this magnitude of tariffs has been priced into the markets", Lara Rhame, chief US economist at FS Investments, told Bloomberg Television in an interview. "Lower barriers, open markets, quit stealing IP and technology", he said, using an abbreviation for intellectual property.
Signs have been growing in recent weeks that Trump wants to focus his ire on China, which he has repeatedly accused of trading unfairly.
FILE PHOTO: Top White House economic adviser Larry Kudlow speaks to reporters at the White House in Washington, U.S., August 16, 2018. It brought in about $6.1 billion in revenue previous year, according to an estimate from analyst firm Bernstein.
"It's never too late to make good trade policy", Kudlow said in an interview on Bloomberg television. Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a broad range of US businesses and consumers.
Keys to face Osaka in US Open semis; Nishikori beats Cilic
Osaka was an easy victor in her quarterfinal, eliminating unseeded Lesia Tsurenko of Ukraine 6-1, 6-1 in all of 57 minutes. In the match before Nishikori's, Naomi Osaka moved into her first Grand Slam semifinal by routing Lesia Tsurenko 6-1, 6-1.
We review products independently, but we may earn affiliate commissions from buying links on this page. Japan will have a "big problem" if it doesn't conclude a new trade deal with the United States, he said on Air Force One.
"I'm scared; I am overwhelmed", Mosee said.
The talks have been hung up over Canada's insistence on retaining a dispute resolution mechanism in Chapter 19, and the U.S. objections over Ottawa's tight controls over the dairy market.
The company noted it spent US$50 billion with 9,000 U.S. suppliers in its most recent fiscal year, including Texas-based chip firm Finisar Corp and Kentucky-based Corning Inc.
The trade war could inflict further damage if it rattles financial markets, thereby hurting business confidence and potentially discouraging investment.
In the letter, Apple says the tariff list "covers a wide range of Apple products and the products used in our USA operations", including the Mac Mini, Apple power adaptors, cables, the Apple Watch, the Apple Pencil and Air Pods.
Xi announces $60bn financing for Africa
Xi told him on Sunday that "foreign forces" should not interfere in Sudan's internal affairs, China's Foreign Ministry said. At the last three-yearly gathering in Johannesburg in 2015, Xi announced $60 billion of assistance and loans for Africa.
Serena, Venus to meet in third round of US Open
Venus, the 2000 and 2001 champion, made the third round for the 17th time with a 6-4, 7-5 victory over Camila Giorgi of Italy. The last time they played each other though, in the third round in Indian Wells 2018, Venus won the match in straight sets.
US, Mexico reach NAFTA deal as attention turns to Canada
USA automakers have opposed raising the North American content requirement, but the United Auto Workers union has supported it. The U.S. president also had words for Canada, which was not involved in the weekend talks between the U.S. and Mexico.