Tag Archives: China

Stocks Crater After Trump’s “I Am Tariff Man” Tweet

The New York Times reports: Stocks fell on Tuesday, after President Trump sowed confusion over the status of a truce in the trade war between the United States and China, while the bond market, often considered a safe haven for investors, sent a stark warning about expectations for an economic slowdown. The S&P 500 dropped more than 3 percent, with …

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Trump Announces 90-Day Trade War Truce With China

ABC News reports: President Donald Trump is hitting pause in the escalating trade war with China after a meeting with President Xi Jinping. Just a day after Trump threatened to bludgeon China by doubling U.S. tariffs on $200 billion worth of goods, the White House said a planned increase from 10 percent to 25 percent on Jan. 1 will not …

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Trump Threatens Up To 25% Tariff On Apple Products

Slate reports: President Trump signaled in a Wall Street Journal interview that he is expecting to place tariffs on all Chinese imports, including potentially the iPhone and other Apple products, if negotiations at the upcoming G20 summit with President Xi Jinping fall through. “I can make it 10 percent and people could stand that very easily,” Trump said of price …

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CHINA: Novelist Gets 10 Years For Gay Sex Scenes

The BBC reports: A Chinese writer has been given a 10 year sentence for writing and selling a novel which featured gay sex scenes. The writer, identified as Liu, was jailed by a court in Anhui province last month for producing and selling “obscene material”. Her novel, titled “Occupation”, featured “male homosexual behaviour including perverted sexual acts like violation and …

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REPORT: Chinese Spies Eavesdrop On Trump’s iPhone

The New York Times reports: When President Trump calls old friends on one of his iPhones to gossip, gripe or solicit their latest take on how he is doing, American intelligence reports indicate that Chinese spies are often listening — and putting to use invaluable insights into how to best work the president and affect administration policy, current and former …

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China To Launch “Artificial Moon” Satellite [VIDEO]

Agence France-Presse reports: China is planning to launch its own ‘artificial moon’ by 2020 to replace streetlamps and lower electricity costs in urban areas, state media reported Friday. Chengdu, a city in southwestern Sichuan province, is developing “illumination satellites” which will shine in tandem with the real moon, but are eight times brighter, according to China Daily. By reflecting light …

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Pence Accuses China Of Undermining Trump Campaign

NBC News reports: The White House is trying to make the case that China is taking new and more aggressive steps aimed at influencing U.S. elections, political debates and policies, even suggesting that Beijing wants to oust President Donald Trump. Vice President Mike Pence, in a speech Thursday, bluntly accused China of “meddling in America’s democracy” to an extent that …

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World’s First Flying Car Goes On Sale Next Month

Metro News reports: The world’s first flying car will be available to pre-order next month. A Chinese company called Terrafugia is preparing to unleash a vehicle called the Transition which can turn from an automobile into an aircraft in just a minute. The most striking aspect of the Transition is its folding wings, which extend to allow flight and can …

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Trump: Apple Prices May Rise Due To My Tariffs

Politico reports: President Donald Trump on Saturday warned that the prices of Apple products may climb as a result of a new round of proposed tariffs against China, and called on the technology giant to bolster production at home to avoid the consequences of an escalating trade war. The president on Friday threatened to impose tariffs on another $267 billion …

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Ford Cancels China-Made Import Because Trump

Bloomberg News reports: Ford Motor Co. is canceling plans to import a new crossover model from a plant in China after President Donald Trump’s tariffs undermined the business case for bringing the vehicle to the U.S. market. Trump’s move to slap China-built autos with an additional 25 percent levy in July undermined the profitability of the Focus Active that Ford …

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Trump Claims China Hacked Hillary’s Email Server

The Hill reports: President Trump tweeted early Wednesday that former Secretary of State Hillary Clinton’s emails were hacked and obtained illegally by China, warning that the Justice Department must act on the news or risk losing its credibility. The president’s tweet, which did not cite any evidence for the claim, comes following a report from The Daily Caller citing unnamed …

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Trump Administration To Pay $4.7 Billion In Relief To US Farmers Hurt By Trump’s Stupid Trade War With China

NPR reports: The Department of Agriculture will pay $4.7 billion to farmers growing soybeans, cotton and other products hit by tariffs in the Trump administration’s hard-line trade war with China, announcing the first batch of payments from a $12 billion government aid package. Starting next Tuesday, the agency will take applications from farmers who produce corn, cotton, dairy, hogs, sorghum, …

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Russia To Hold Largest War Games Exercise In Decades

Reuters reports: Russia will next month hold its biggest war games in nearly four decades, Defense Minister Sergei Shoigu said on Tuesday, a massive military exercise that will also involve the Chinese and Mongolian armies. The exercise, called Vostok-2018 (East-2018), will take place in central and eastern Russian military districts and involve almost 300,000 troops, over 1,000 military aircraft, two …

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China Retaliates As Billions In New US Tariffs Kick In

CNBC reports: A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade escalation comes as officials from the world’s two largest economies meet for tariff negotiations in Washington. At 12.01 a.m. EDT on Thursday, the …

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Trump To Dine Tonight With Apple CEO Tim Cook

The Hill reports: President Trump will dine with Apple CEO Tim Cook on Friday, praising the tech leader in a tweet for making investments in the U.S. Trump announced late Friday that he would meet with the CEO, a dinner conversation that will take place just days after the president met with a number of business leaders representing various industries …

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Trump Threatens Tariffs On All Chinese Goods [VIDEO]

CNBC reports: President Donald Trump said the stock market rally since his election victory gives him the opportunity to be more aggressive in his trade war with China and other countries. “This is the time. You know the expression we’re playing with the bank’s money,” he told CNBC’s Joe Kernen in a “Squawk Box” interview aired Friday. The president also …

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Chinese Tariffs May Double Price Of MAGA Hats

ABC News reports: The latest round of tariffs on products from China proposed by President Donald Trump could double the price of “Make America Great Again” hats inspired by his 2016 campaign slogan, according to a merchandiser who imports them. The new tariffs announced Thursday would hit $200 billion worth of Chinese imports, especially consumer goods, including the popular hats …

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Trump To Hit China With $200B In Additional Tariffs

Bloomberg reports: President Donald Trump is preparing to release a list of an additional $200 billion in Chinese products to be hit with tariffs, according to two people familiar with the matter. The Trump administration on July 6 imposed 25 percent duties on $34 billion in Chinese imports, the first time the president has implemented tariffs directly on Beijing after …

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CHINA: Social Media Users Root On US Cargo Ship Carrying Soybeans As It Races To Beat Tariffs Deadline

Reuters reports: It is not often that the niche world of commodities trading enters the public conversation, but on Friday China’s social media was rooting for a ship carrying soybeans from the United States to beat the deadline before Chinese tariffs kicked in. Tracking the journey of the vessel, Peak Pegasus, as it motored toward the northern Chinese port of …

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China: Trump Has Started Biggest Trade War In History

CNN reports: China on Friday accused the United States of starting “the biggest trade war in economic history” as the two sides imposed steep new tariffs on tens of billions of dollars of each other’s exports. The Trump administration’s 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. They …

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