BEIJING/WASHINGTON - The United States began imposing 15 percent tariffs on a variety of Chinese goods on Sunday - including footwear, smart watches and flat-panel televisions - as China began imposin
g new duties on US crude, the latest escalation in a bruising trade war.Trump, writing on Twitter, said his goal was to reduce US reliance on China and he again urged American companies to find alternate suppliers outside China.
A variety of studies suggest the tariffs will cost US households up to $1,000 a year and the latest round will hit a significant number of US consumer goods. Steve Lamar, executive vice president of the American Apparel & Footwear Association, said on Sunday the new tariffs were "just in time for our most important selling season of the year. They claim that they are hurting China but, in reality, they are hurting us. Prices will go up, sales will go down, jobs will be lost."
"We don’t want to be servants to the Chinese!" Trump said. "This is about American Freedom. Redirect the supply chain. There is no reason to buy everything from China!" AFL-CIO President Richard Trumka told "Fox News Sunday" that Trump was right to confront China, but "unfortunately, he's done it the wrong way. To take on China, there has to be a multilateral approach. One country can't take on China to try to dry up its overcapacity because they just send it through to you in other ways.
"China's booming economy has made China a fertile ground for investment that foreign companies cannot ignore," it said, in a commentary under the name 'Zhong Sheng,' or 'Voice of China,' which is often used to state its view on foreign policy issues.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Duterte tells China: South China Sea code 'least concern of' USThe United States, a longstanding military ally of the Philippines, does not claim any part of the South China Sea, but conducts freedom of navigation operations and calls out China's alleged militarization of contested areas.
Read more »
Expert: US singling out China in war on trade, intellectual property rights
Read more »
China, US kick off new round of tariffs in trade warBEIJING - China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume sometime this month.
Read more »
U.S., Taliban on 'threshold' of deal – U.S. Afghan envoyWashington's special envoy Zalmay Khalilzad says the deal would help foster 'a unified, sovereign Afghanistan that does not threaten the United States, its allies, or any other country.'
Read more »
US, Taliban on ‘threshold’ of deal — US Afghan envoyDOHA, Qatar — US and Taliban negotiators are "at the threshold of an agreement" to end 18 years of conflict between them, Washington&039;s top negotiator said Sunday as he concluded
Read more »
Duterte, Xi agree to ‘fast track’ code of conduct in South China Sea — PalaceMANILA, Philippines — President Rodrigo Duterte and Chinese President Xi Jinping have agreed to fast track the negotiations to finalize the Code of Conduct (COC) in the South China
Read more »