Markets dive after ‘Tariff Man’ threat by Donald Trump

U.S. President Donald Trump and Chinese President Xi Jinping meet after the G20 in Buenos Aires 1/12/2018

In his latest Twitter storm, Trump said that his team of negotiators was still "seeing whether or not a REAL deal with China is actually possible", adding that China is "supposed to" start buying more United States agricultural products "immediately".

"Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina", Trump said, speaking of China's attendance at the G-20 summit last weekend.

During the talks in Buenos Aires, Trump agreed to delay a scheduled escalation in United States tariffs on many Chinese goods, from 10 percent to 25 percent, that had been set to take effect January 1.

As the USA and China carry out negotiations to finalise a deal over their economic dispute, Mr Trump has warned China to negotiate a fair deal or else continue to face imposed tariffs.

Questions began to swirl after China's foreign minister read a statement Saturday in Buenos Aires that said Washington agreed to halt tariff hikes.

"Officials now face the hard task of fleshing out a deal that is acceptable to the Chinese but also involves significant enough concessions not to be torpedoed by the China hawks in the Trump administration", Capital Economics said in a note this week.

"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so", he said.

A Chinese official told Reuters that officials were "waiting for the leaders to return" before publicizing details.

The comments by the president and his top advisers over the past 48 hours have only added to China's confusion about their negotiating partners.

Beijing has tried without success to recruit Europe, South Korea and other countries as allies against Trump.

Anthony Joshua welcomes fight against Deontay Wilder or Tyson Fury
The guy who gave it 115-111 to Wilder had me losing the first six rounds and I don't know what he was watching. Joshua is next scheduled to fight on April 13 next year, although his opponent is yet to be confirmed.

'When it comes to the trade policies that have been proposed so far specifically, I think we can all expect that there will be further tariff increases on USA imports of Chinese goods, whether that's within the 90-day window that we are now operating under a pause or outside that window, ' Anderson told a small group of reporters in Beijing on Thursday.

"Teams from both sides are in contact and cooperating well, we are fully confident that we can reach an agreement in the coming 90 days", Gao said, without providing more specific details about what actions China will take.

"Narrow agreements and modest concessions in the ongoing trade dispute will not bridge the wide gulf in their respective economic, political and strategic interests".

Also hanging over the negotiations is Mr. Trump's threat of tariffs on another $267 billion of goods, which would impose duties on all Chinese imports shipped to the U.S.

Commerce Secretary Wilbur L. Ross Jr., U.S. Trade Representative Robert Lighthizer, Mr. Kudlow and other administration officials met individually with executives from each of the three automakers.

On Monday, Kudlow said there was an "assumption" that China would eliminate auto tariffs, not a specific agreement.

After Trump's December 1 bilateral meeting with China at the G-20 summit, both Trump and National Economic Council Director Larry Kudlow were informed trade barriers with China will be dropped "immediately".

'We will start with agricultural products, energy, automobiles to immediately implement the issues that the two sides have reached consensus, ' Gao said, when asked about what is on the negotiation agenda.

The United States also expects China to promptly address structural issues, including intellectual property theft and forced technology transfers. "Chinese society should maintain a calm attitude", it said.

Related News:

  • New Blood Test Can Spot Cancer in 10 Minutes

    A universal cancer test would not be precise enough to detect tumour location or size, but it enables doctors to give a yes or no answer.
    Curators in spotlight as Australia host India

    Curators in spotlight as Australia host India

    We also had some net practice while the game was going on so I don't think it was a concern at all. Australia will face India in their maiden match.
    Chris Dawson ARRESTED Over Cold Case Murder Of Lyn Dawson

    Chris Dawson ARRESTED Over Cold Case Murder Of Lyn Dawson

    An application for bail was refused by Queensland magistrate Dennis Kinsella and Dawson was taken into custody of NSW detectives. He has been taken to Southport in Queensland where New South Wales police will apply for his extradition.
  • S. Korea's Moon: Trump wants to grant Kim Jong Un's wishes

    S. Korea's Moon: Trump wants to grant Kim Jong Un's wishes

    North Korea has also not made any concrete moves towards irreversibly dismantling any of its weapon programs, with U.S. The statement said Xi and Trump 'agreed that great progress has been made with respect to North Korea'.
    Huawei CFO arrested in Canada for reportedly violating USA  sanctions against Iran

    Huawei CFO arrested in Canada for reportedly violating USA sanctions against Iran

    USA officials have argued that the company's equipment could create a backdoor into US telecom networks for Chinese spies. Huawei CFO Meng Wanzhou was arrested in Vancouver on Dec1, according to Canadian authorities.
    Apple Airpods May Get Wireless Charging In 2019

    Apple Airpods May Get Wireless Charging In 2019

    In particular, Ming-Chi Kuo has claimed that AirPods could be wirelessly charged in the first quarter of 2019 . This will be followed by the launch of an entirely new model of the headphones in 2020 he said.
  • Free Flu Shots Available at Sevier County Health Department Event

    Free Flu Shots Available at Sevier County Health Department Event

    It is especially important for these individuals to be vaccinated each year. "We don't know whether the flu season will be good or bad this year".
    Huawei Nova 4 Launch Date Confirmed

    Huawei Nova 4 Launch Date Confirmed

    Besides, users can also bundle the Sennheiser PXC550 wireless headphones, worth Rs 29,990, at an additional price of Rs 2,000. While the sale for the general customers is to start tomorrow, the Amazon Prime members can get it starting from today.
    Microsoft is replacing Edge with its own Chrome browser

    Microsoft is replacing Edge with its own Chrome browser

    That new browser is said to now carry the codename Anaheim , and will replace Edge as the default browser for Windows 10 . This initiative could also pave the way for development of the new Chromium-based browser.
  • George W. Bush gives Michelle Obama candy at father's funeral

    George W. Bush gives Michelle Obama candy at father's funeral

    Bush will lie in repose at his home church in Houston on Wednesday ahead of his burial Thursday. Bob Dole salutes the flag-draped casket containing the remains of former President George H.W.
    Police Arrest Around 90 in Coordinated European Anti-Mafia Raids

    Police Arrest Around 90 in Coordinated European Anti-Mafia Raids

    European police agency Europol called it a "decisive hit against one of the most powerful Italian criminal networks in the world". German prosecutors said 65 premises linked to the southern Italy-based organised crime group were also being searched.
    Here’s What Devin McCourty Liked Most About Bill Belichick-Adam Thielen Spat

    Here’s What Devin McCourty Liked Most About Bill Belichick-Adam Thielen Spat

    The cumulative standing of their opponents in games they've won is 21-49-1 entering Philadelphia's game on Monday night. As they head into Week 14, the Vikings are still searching for their first win over a team with a winning record.


Most liked

Priyanka-Nick’s Indian wedding is all about love and tradition, see photos
Jonas was also decked out a Chopard piece during his wedding weekend, opting for a watch from the storied jeweler's collection. Nick Jonas has never shied away from flirting with his Lady Love on social media.And the reception night was no different.

SpaceX Sends Cargo Ship To International Space Station But Booster Landing Fails
Meanwhile, Musk tweeted that the problem was that a "grid fin hydraulic pump stalled, so Falcon landed just out to sea". The capsule should reach the 250-mile-high outpost Saturday; it also visited in 2017.

Google confirms Allo dies in March 2019, wants people to get Messages
Users have the ability to export all of their Allo conversation history by entering the app's menu, then tapping Settings. Messages is getting all the fancy RCS-based Chat features, works on the web , and is already pre-loaded on many phones.

Cardi B announces split from Offset - the internet is a mess!
Migos member Offset , who has been followed by rumors of infidelity , commented on the video, "Y'all won", Newsweek noted . Cardi B and Offset's relationship has been a huge topic of discussion despite them trying to keep things private.

Tehran will never make nuclear-capable missiles - Foreign Ministry
The United States is calling on the European Union to enact its own set of sanctions targeting Iran following Tehran's test of a missile this past weekend.

India vs Australia: Australia team practices ahead of 1st match
For the 30-year-old Pujara, the looming Test series is a chance to rectify one blot on his impressive cricketing resume. In the video, Kohli is seen ducking bouncers and dispatching imperious cover drives in Adelaide .

Shares in Cenovus, Canadian Natural soar on crude production cuts
Western Canada Select crude's discount to USA benchmark West Texas Intermediate oil narrowed on Monday to the tightest since July. The reduction amounts to 325,000 barrels a day of raw crude and bitumen, or about 8.7 per cent of daily production.

‘No chance’ Loftus-Cheek leaves in January
Maurizio Sarri's side also face MOL Vidi in the Europa League group stages and Bournemouth in the Carabao Cup quarter-final. That was totally a credit for the boys, the way they work, and the fans, the way they became so noisy and pushed the team.

Two Marine Corps Aircraft Crash Off Japan, Fate Of Those Onboard Unknown
The Marine Corps offered little information in a statement about the incident, which occurred at 2am on Thursday in Japan . The aircraft involved had launched from Marine Corps Air Station Iwakuni and were conducting regularly scheduled training.

Seattle among 8 cities awarded XFL team
It did not give details on how the league will be different than the NFL but said research is underway. Commissioner and chief executive Oliver Luck also said there will be franchises in Houston, St.

Facebook Struck Deals Over Data and Burnt Rivals, Say Lawmakers
Collins also alleged that Facebook took aggressive positions against competitor apps by denying them access to any user data. When Twitter launched six-second video clip platform Vine, Zuckerberg approved revoking their access to Facebook's API.

Citizen Rights Group Call on WI Legislature to "Respect Our Votes"
In North Carolina, Republican legislators attempted to curtail gubernatorial powers after Democrat Roy Cooper was elected in 2016. The plan is expected to easily sail through the Assembly as early as Wednesday morning, and Walker has said he will sign it.

Pats owner 'flattered' by interest in McDaniels
Hopefully McCarthy, who served as the Saints' offensive coordinator from 2000 to 2004, will land on his feet. However, he's not focused on any of the rumors swirling right now.

Salman Khan Tops Forbes’ Richest Indian Celeb List 2018
Cricketers Mahendra Singh Dhoni and Sachin Tendulkar have bagged the fifth (Rs 101.77 crore) and ninth ( Rs 80 crore ) positions. The Tamil and Telugu film industries have seven actors each on the list while Malayalam star Mammootty represented Kerala.

'Sexist, Racist, Disgusting' Article On Priyanka Chopra Enrages Sonam Kapoor And Twitter
Some have also said that the article is a result of jealousy and also spewing hatred against brown skin and Indian women. Here is some of the judgement that the article passed on Priyanka, who married Nick Jonas in Jodhpur over the weekend.