April 4: China rolls out a listof more than 100 U.S. goods worth roughly $50 billion that are subject to retaliatory tariffs. And President Donald Trump has threatened to impose tariffs on virtually everything China sells to the United States. West Texas Intermediate and international-benchmark Brent crude oil futures are under pressure early Wednesday after China said it will retaliate against the latest round of US tariffs on Chinese imports.
Still, disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over market access, intellectual property, technology transfer and investment.
The US will impose a 25% tariff on another $16 billion worth of Chinese goods starting August 23, US Trade Representative Robert Lighthizer announced Tuesday.
China has already retaliated against the United States with its own tariffs and proposed others if Washington goes ahead with all its threats. Year-on-year, the growth of China's exports to the USA slowed to 11 percent last month from 12.5 percent in June, while import growth accelerated to 11 percent from 9 percent.
Although the move was expected, it cements the view that there appears to be no effort underway to defuse the dispute between the world's two largest economies that have continued to exchange threats.
The worry is that the escalating Sino-U.S. trade war, rising corporate bankruptcies, and a steep decline in the value of the yuan versus the dollar could put a significant dent on the economy.
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The final stages proved to be a similar affair for Mourinho's men, as they made no attempt at goal as Bayern held on for the win. It's something fantastic for the kid, let's give the shirt to him".
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While the day was all about the big couple, birthday girl Meghan captured a lot of attention with her stunning choice of outfit. A united, cross-platform front-and a way of saying, in the midst of the Thomas Markle drama , they remain firmly behind Meghan.
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Meanwhile, Tottenham are also weighing up a move for the player, although Palace are reportedly confident of keeping hold of him. Tottenham were interested in signing Zaha this window, but have made a decision to pursue Aston Villa's Jack Grealish instead.
Imports grew 27.3 percent in July, customs said, beating analysts' forecast of 16.2 percent growth, and compared with a 14.1 percent rise in June. Its imports from the US rose 11.8 percent in the same period.
The world's top two economies have repeatedly sparred over trade in recent months, in what experts warn may become a devastating cycle of retaliation.
China's exports surged more than expected in July despite fresh U.S. duties and its closely watched surplus with the United States remained near record highs, as Washington finalised its new tariff list in a bitter dispute that some fear could derail global growth.
Economists had forecast the surplus would be $39.33 billion in July, compared to a surplus of $41.47 billion in June.
August 7: The US announces that the second tranche of tariffs, which will hit $16 billion worth of Chinese goods, will go into effect on August 23.
That was in response to the latest U.S. threat to slap duties on US$200 billion of Chinese goods, and to raise those tariffs from 10 per cent to 25 per cent.
China, however, would run out of USA imports to levy, as it bought only $130 billion worth of American goods a year ago. At that time, Beijing threatened a 25 percent tariff on US crude imports, although it did not issue a specific date for the move.