China Imposed Import Tariff On US Products Worth 50 Billion Dollars

Trade tensions between the US and China are heating up. This is marked by China's immediate response when the US plans to impose new tariffs on more than 1000 products from China.

China said it would impose 25 percent tariff on 106 products from the US. Among these products are soybeans, cars, and orange juice drinks. The plan was announced by China just hours after the White House releases details about 1,300 products that will be subject to import tariffs of 25 percent.

Products targeted by the US include television and motorcycles made in China. The White House said the plan was a response to China's unfair intellectual property practices.

Mutual repayment between China and the US is causing the European stock market plummeted because of the selling action of investors in an instant. In New York, the Dow Jones index is expected to open lower around 550 points.

Earlier, Beijing said it is strongly opposed the plan of imposition of import tariffs made by the US. China even called the United States act unrealistic and protectionist, and vowed to avenge US policy.

Products targeted by China's import tariffs are worth about 50 billion US dollars by 2017, according to data from the Ministry of Commerce of China. Some US products that will be affected by tariffs are chemical products, some types of aircraft, and corn products.

Additional rates will also apply on imports of whiskey products, cigars, tobacco, some types of meat, oil, and plastic products from the US. Import tariffs will also apply to orange juice, sorghum, cotton, truck, electric vehicles, SUVs, and some wheat.

Economists had previously warned US President Donald Trump of his ties to China. The tariff policy, according to economists, will definitely be reciprocated by China and harm the US as prices at the consumer level will rise.

Comments

Youtube Shooter Is Known To Be Animal Rights Activist

San Bruno Police, United States (US) announced the identity of the perpetrators of attacks at the headquarters of YouTube on Tuesday (3/4/2018). Proclaimed by Sky News on Wednesday (4/4/2018), the shooter was identified as Nasim Aghdam, and aged 39 years. She has her own YouTube channel, and is known to be an athlete, artist and animal rights activist. Before the shooting took place, Aghdam had uploaded a YouTube video and complained that she deemed unfair. Later, she also criticized YouTube through her written statement. According to her, the video sharing sites are targeting certain accounts, and eliminate their videos so that others can not see it. Previously, the shooting at the YouTube headquarters appeared from a social media account of one of the staff there at 19:57 local time. Aghdam was reportedly carrying a gun-type weapon, and injured three people. After the incidents, she committed suicide by shoot herself. President Donald Trump said the central government ar...

Facebook Also Recording Phone Calls And SMS

Facebook recently admitted that they are also recording user data related to phone calls and SMS. This initial issue came from a Facebook user who just downloaded all his data stored on the social media platform. He is aware of the date, the time, the duration of the call and the call recipient, which he has done in recent years. In a published response, Facebook denied the news although it did not rule out it could happen. Facebook party mentions if they never record or record the history of calls or text messages that exist in the user's smartphone without permission. This, according to the Facebook, will help users find or stay connected with the closest people, also make better experience on Facebook. So the data stored only those who agree. Unfortunately, tech analyst from Ars Technica, Sean Gallagher, confronted the statement. According to him, it is very unlikely that all Facebook users are aware of this opt-in option. The reason, Opt-in is the default option on t...

France Court Commands Princess Hassa, Daughter of the King of Saudi Arabia Arrested

French court issued an arrest warrant against Princess Hassa bint Salman, daughter of Saudi King Salman bin Abdulaziz for beating by her bodyguard against a Paris home decorating worker. Princess Hassa's arrest order has actually been issued in December last year. But notices to the French media just made this week. Worker who were beaten and had death threat by a 42-year-old female bodyguard reported the incident to police after being allowed get out of the Saudi daughter's home. The worker also submitted the photos of violence and death threats from the Saudi women's bodyguard through his cell phone. According to the New York Times, Princess Hassa was dissatisfied with the work. She, said the victim to the police officer while complaining about the incident, then yelled to her bodyguard. "This dog must be killed. He doesn’t deserve to live." the princess said as soon as his bodyguard arrived. The guard then strangled and hit the victim at the head ...

My Blog About Everything

Search This Blog