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US PRESIDENT DONALD Trump has said he will put more tariffs on Chinese imports from 1 September if a trade deal is not reached between the two countries.
He said the US will impose a 10% tariff on the remaining $300 billion in Chinese imports he has not yet taxed from 1 September.
The president made the announcement on Twitter last night.
Donald J. Trump / Twitter
Donald J. Trump / Twitter / Twitter
“We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing,” he wrote.
“We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one,” Trump tweeted.
These tariffs will begin as trade talks continue between the two countries in September. Stock prices fell in Hong Kong, Shanghai and Seoul after the announcement.
The new taxed goods do not include the $250 billion of Chinese goods already taxed at 25%. Beijing responded to this by taxing $110 billion of US goods.
The two countries are in a trade war over US allegations that China uses predatory tactics — including stealing trade secrets and forcing foreign companies to hand over technology — to overtake the American tech industry.
Earlier taxes from the president were focused on industrial goods, but the new ones will affect consumer products such as mobile phones.
The White House said Beijing promised to buy more farm goods from the US after the most recent trade talks ended in Shanghai on Wednesday. This was the twelfth round of trade talks between the world’s two largest economies.
Talks had broken down in May after the United States accused China of not following through on earlier commitments.
Chinese Foreign Minister Wang Yi criticised the newly proposed tax.
Imposing tariffs is definitely not the right way to resolve trade frictions,” Wang said in Bangkok.
- with reporting from Associated Press.
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I returned home 2 months a go after 2 years in Brazil having never been on the dole before. Now 8 weeks later I’m at my wits end, I have started two jobs since I got home only to end up loosing the as I stood up to my employers for the lack of breaks. I recently worked for a push bike courier and worked 9 hours straight,when asked about lunch I was told it was too busy. There are lazy people out there but employers seem to be able to do as they wish at times.
Unfortunately the idea of “you have a job, you should be grateful ” over the last few years has given alot of employers the attitude that employees should and will take any conditions and crap that’s thrun at them and because so many people are sinking into poverty and are barely keeping their heads above water even though they are working they feel they have no other option but to put up and shut up. It’s a vicious circle.
Have you at any point considered turning to crime or drug abuse as a result of these problems?
I was unemployed for a number of months before I emigrated and not once was this a consideration of mine.
I’m not really sure why we’re constantly being told that “lack of support” of various different types is the cause of drug use and crime. I had little support, aside from Social Welfare, while I was unemployed and managed to get my ass out of the country and a new job without starting on heroin and mugging old ladies.
Where is the support for the retired Irish mother with a husband who hasn’t worked since 2009 and is getting by on state pensions and missing the support (emotional and financial) of her adult children who have all had to emigrate, or are unemployed themselves? Nope, not a word about that – it’s *always* inner city Dublin.
Also, I’m not entirely sure how quantifiable answers to questions such as “how is the recession, and Government policy, affecting your life?” actually are and how from this they can conclude the “greatest impact of the crisis and austerity measures has been felt by people who are on the lowest incomes and most dependent on state supports and services,” Surely these are subjective?
Similarly, communities like Fatima Mansions are much easier to provide services to than, say, dispersed rural communities. The fact that the have “community workers” to speak up (be they paid or voluntary) is something. Who speaks on behalf of the many thousands of people outside inner city Dublin who aren’t mentioned in the article?
There is much food for thought in your well considered comment. Kudos.
Time for the Irish people to stand up for themselves.
Pete
Dont be silly the Irish are lap dogs. Never protest, never stand up, just take it time and time again
Sad but very true :(
It’s all the fluoride In the water,makes them dolicile.Its banned everywhere in Europe.
Bullshit
The politicians are not going to stand up for anyone. They are too busy slurping at the trough with their newly appointed consultants. Why don’t these community groups demand free electricity and water for low income families and individuals? Are they so mired in corruption that they are unable to propose some simple solutions? And before the shareholders of Ireland Inc. start gnashing their teeth, and asking who will pay for it. The answer is, the Utility corporations can easily afford to take a small dip in profits.
You shut your mouth, put on some clothes, get down them stairs and get out & get a bleedin job for yourself (Dessie Curly)
Can’t find the full report online, does anyone have a link?
have your say