Tag Archives: China

Walmart Announces Higher Prices Due To Tariffs

Reuters reports: Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years. U.S. President Donald Trump increased tariffs on $200 billion worth of Chinese imports to 25% from 10% last week. The …

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Macy’s Warns Of Rising Prices Due To Trump’s Tariffs

The Associated Press reports: Macy’s customers may start to feel the impact of President Donald Trump’s trade war with China. The administration is preparing to extend the 25% tariffs to practically all Chinese imports not already hit with levies including toys, shirts, household goods and sneakers, which furnish Macy’s behemoth stores. Macy’s CEO Jeff Gennette told investors Wednesday the higher …

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Farmer Who Voted For Trump Laments Cratering Crop Prices After Tariffs: “Agriculture Is In Free Fall” [VIDEO]

Raw Story reports: One farmer in Ohio who voted for President Donald Trump in 2016 told CNN’s Kate Bolduan on Wednesday that he is now officially off the bandwagon. During an interview about the continuing trade wars with China, farmer Christopher Gibbs said that the president’s insistence that farmers would profit spectacularly from his tariffs wasn’t reflecting the reality on …

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China Calls For “People’s War” Over $300B In US Tariffs

Time Magazine reports: U.S. officials are targeting a $300 billion list of additional Chinese imports including laptop computers for tariff hikes, ratcheting up a trade fight that is shaking financial markets and fueling fears about global economic growth. The release followed Beijing’s announcement Monday of tariffs of up to 25% on $60 billion of American imports in their spiraling dispute …

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Trump: “Patriot Farmers” Will Benefit From My Tariffs

The Hill reports: President Trump wrote Tuesday that America’s “Patriot Farmers” would be among the biggest beneficiaries of tariffs his administration has levied against China, promising that the Trump administration would be “making up the difference” to U.S. farmers as tariffs have caused exports on many crops to fall. Stocks plunged on Monday amid the news of stalled negotiations with …

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Chinese Company To Sell Grindr After US Demand

The Associated Press reports: Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it had agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell popular gay dating app Grindr, setting a June 2020 deadline to do so. Kunlun’s decision came after Reuters reported in March that CFIUS, an inter-agency government …

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Trump Seeks $15B For Farmers Hurt By His Tariffs

The Huffington Post reports: President Donald Trump is seeking an additional $15 billion in U.S. subsidies in an effort to protect farmers from the devastating impact of his trade war with China. That’s on top of $12 billion already earmarked for the farmers to help them weather the fallout. That would be an additional bill for U.S. taxpayers already shouldering …

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China Hits Back With New Tariffs On $60B In US Goods

CNBC reports: China will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods. Beijing will increase the tariffs to 25% from 10% on June 1, the Chinese Finance Ministry said Monday. It follows President Donald Trump’s decision to raise duties on $200 billion in Chinese products to 25% from …

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Ivanka’s Company Spared From Trump’s China Tariffs

Fortune reports: On Friday morning, Trump implemented $34 billion in tariffs on Chinese goods ranging from auto parts to medical devices. Clothing and shoes, like those imported by Ivanka Trump’s company, were spared. The Office of the United States Trade Representative explained that the goods to be levied with tariffs were chosen based on what would disrupt the U.S. economy …

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Trump Warns China Not To Retaliate On His Tariffs

Reuters reports: President Donald Trump on Monday warned China not to retaliate against a hike in tariffs he imposed last week and said U.S. consumers would not pay for any increase in duties. There “is no reason for the U.S. Consumer to pay the Tariffs, which take effect on China today … China should not retaliate-will only get worse!” Trump …

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China Vows Retaliation As Trump’s Tariffs Go Into Effect

The Associated Press reports: President Donald Trump’s latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China’s technology ambitions and other trade tensions. The Trump administration raised duties on $200 billion of Chinese imports to 25% from 10%. China’s Commerce Ministry said it would impose “necessary countermeasures” but gave no …

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Trump Taunts China As US To Hike Tariffs To 25%

Reuters reports: The United States announced on Wednesday it would hike tariffs on $200 billion worth of Chinese imports from 10 to 25 percent effective Friday, according to a notice posted on the Federal Register. Sources with knowledge of the talks told Reuters that China has sought to alter previously agreed provisions specifying changes to Chinese laws affecting nearly every …

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Pompeo: US Will “Fortify” Military Presence In Arctic

Politico reports: Donald Trump has finally found an international organization he likes — a highly select club whose members preside over a frozen wasteland atop the world. The Trump administration will throw a spotlight this week on America’s presence in the Arctic, a region the president’s team sees as “an arena of global power and competition,” as Secretary of State …

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Two Charges For Chinese Spy Busted At Mar-A-Lago

NBC News reports: Yujing Zhang, the Chinese citizen arrested at Mar-a-Lago in March while President Donald Trump was at his nearby golf club, was indicted Friday. The short, two-page indictment gave no new information about how Zhang allegedly got into Trump’s resort in Florida two weeks ago. She was charged with two counts — unlawful entry of restricted buildings and …

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Chinese Woman Arrested At Mar-A-Lago Likely A Spy

CBS News Miami reports: A Chinese woman accused of illegally entering President Donald Trump’s Mar-a-Lago club with a flash drive containing malware, also had numerous electronic devices and thousands in cash stashed in her hotel room. Prosecutors say they found multiple electronic devices in her hotel room, including a signal detector that can seek out detect hidden cameras, another cell …

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US Pressures Chinese Company To Sell Grindr Over Security Concerns Regarding US Military Personnel

Reuters reports: Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its …

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Dems Demand FBI Probe Into Florida Sex Spa Founder

The Miami Herald reports: Democrats in Congress are asking the FBI to investigate former Florida massage parlor owner Li “Cindy” Yang after the Miami Herald and others reported on Yang’s access to President Donald Trump and work to get Chinese business executives access to political fundraisers. In a letter sent on Friday to FBI Director Christopher Wray, National Intelligence Director …

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CHINA: Bohemian Rhapsody Gets Surprise Release Approval But Censors Will Still Cut Gay Kissing Scenes

From the Hollywood Reporter: 20th Century Fox’s smash hit Freddie Mercury biopic Bohemian Rhapsody received permission Wednesday to open theatrically in China. The decision came as something of a surprise to the country’s local film industry given Beijing’s past repressive stance on content featuring gay characters. At the same time that news of Bohemian Rhapsody’s release clearance was circulating through …

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China Grants Ivanka Trump Five New Trademarks

The Associated Press reports: The Chinese government has granted Ivanka Trump’s company preliminary approval for another five trademarks this month, as her father’s administration pushes ahead on trade negotiations with China. Four trademarks, including child care centers, sunglasses and wedding dresses, were approved on Sunday. A fifth, covering brokerage, charitable fundraising and art valuation services, was approved on Jan.6, according …

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CHINA: Activists Launch Nationwide Truck Billboard Campaign Against Ex-Gay Torture Clinics [VIDEO]

The South China Morning Post reports: On a hazy day this week, a convoy of three white trucks is making its way through the streets of Nanjing, in eastern China. They are covered in huge red banners with black lettering that look like billboards from a distance. “Treating a ‘disease’ that doesn’t exist,” reads one. “Chinese classification of mental disorders …

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