That leaves the USA government with a lot more Chinese exports to potentially target with tariffs. China may respond by selling U.S. Treasuries, currency devaluation, or seeking a rare earth ban.
On Wednesday, China imposed US$3 billion worth of tariffs on USA fruits, nuts, wine and pork, just hours after the Trump administration proposed duties on 1,300 Chinese industrial, technology, transport and medical products.
In light of China's "unfair retaliation" against earlier U.S. trade actions, Mr Trump upped the ante on Thursday by ordering United States officials to identify extra tariffs, escalating a high stakes tit-for-tat confrontation with potentially damaging consequences for the world's two biggest economies.
President Donald Trump said on Thursday he had instructed US trade officials to consider $100 billion in additional tariffs on China, again intensifying up tensions with Beijing.
Women, Aiding Collapsed Mayor, Told To Leave 'Sacred' Ring
Sumo Association Chairman Hakkaku issued an apology later in the day, calling the referee's response inappropriate. A jarring incident in a sumo ring has triggered a national conversation in Japan about how women are treated.
Trump threatened an additional US$100 billion in tit-for-tat tariffs on Beijing yesterday, in the latest step in an escalating trade dispute. President Donald Trump has said that China must shave $100 billion off that goods deficit.
Senator Chuck Grassley said China had ignored the rules of the World Trade Organization (WTO) for too long and aggressively pursued practices that unfairly undermine American ownership, innovation and entrepreneurship.
USA stock index futures fell in reaction to Trump's latest statement.
USA citizens will pay plenty for it. The U.S.is the second-largest supplier of soybeans to China, after Brazil, and soybean farmers a year ago sent $14 billion worth of the crop to China.
Irish student invited to upcoming royal wedding
"Harry and Meghan: A Royal Romance" will air on Lifetime on May 13, just six days before the real-life couple Wednesday at St. Meghan also confirmed during their visit that the couple would be in Sydney to cheer on the competitors at the 2018 Games.
One industry that was spared in the first round is apparel.
"We pay the highest tariffs on average of any product", Steve Lamar, executive vice president of the American Apparel and Footwear Association, told CBS MoneyWatch last week.
The public has until May 11 to submit comments on the proposed list of US tariffs, with a hearing scheduled for May 15.
Texas Rep. Farenthold resigns suddenly from Congress amid ethics investigation
The abrupt resignation is effective as of 5 p.m. on Friday, according to his office. Visit MarketWatch .com for more information on this news.
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