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trump to impose tariffs on $60bn of chinese imports | news


us president donald trump has signed an order that paves the way for imposing tariffs on as much as $60bn worth of chinese goods imports.the move on thursday is seen as a direct shot in a brewing trade war between the world's two biggest economies. saying it would be the "first of many" trade actions, trump said the measure was aimed at punishing beijing over the alleged theft of us technology and chinese pressure on american companies to hand it over."we have a tremendous intellectual property theft situation going on," trump told reporters.the white house said that trump would direct the office of the us trade representative (ustr) to publish a detailed product list of proposed tariffs within 15 days. ustr has already identified potential targets: 1,300 product lines worth about $48bn.th






trump: steel and aluminium imports to face steep tariffs | news


asian stocks have fallen after us president donald trump announced plans to impose steep tariffs on steel and aluminium imports.the plans have spooked investors and members of the president's own republican party with fears of a global trade war.trump promised to impose a 25 percent tariff on steel imports and 10 percent on aluminum.al jazeera's kristen saloomey reports.






u.s. to apply tariffs on up to $50 billion of chinese imports


washington—the trump administration’s anti-china tariffs could hit $50 billion of chinese imports, said an individual with knowledge of the plans.president donald trump is scheduled to make an announcement at 12:30 p.m. on tariffs and investment restrictions aimed at china designed to get beijing to halt practices the u.s. believes violate u.s. intellectual property rights.the...






trump slaps big tariffs on imported solar panels in major escalation of a trade


the trump administration announced monday that it would impose hefty tariffs on the cheap, imported panels that have driven the rapid expansion of solar power in the united states, a move that industry groups warned would slow the spread of renewable energy and cost thousands of jobs.the tariffs come as president trump has vowed to take a tough line against cheap foreign imports that he blames for undercutting american manufacturing industries.advertisementthe administration also announced it would impose hefty tariffs on imported large residential washing machines. in both cases, inexpensive imports — mostly from china in the case of the solar panels — have undercut u.s. manufacturers, administration officials said.imports from china have been a particular target of trump's rhetoric. the






trump says he will impose tariffs on steel and aluminum imports 'next week&


trump says he will impose 25% percent tariffs on steel imports and 10% on aluminum imports.        






trump might impose tariffs and quotas on foreign steel


washington (ap) — president donald trump is considering putting tariffs and quotas on steel imported from foreign countries.the president says that china and other unnamed countries are dumping steel in the u.s. market. that hurts u.s. steelmakers by reducing prices, he told reporters. the comments were initially said to be off the record, but the white house decided to make them public thursday.trump says, “we’re like a dumping ground, ok? they’re dumping steel and destroying our steel industry.”he says he is considering both quotas and tariffs to stop any dumping.most read storiesunlimited digital access. $1 for 4 weeks.the commerce department is reviewing at his request whether to impose a tariff on steel imports for national security reasons.the u.s. imports 30 percent of the steel it






targets of trump tariffs say u.s. consumers will get pinched


asian nations have been bracing for trade sanctions ever since president donald trump took office a year ago.the wait was over monday, as mr. trump declared tariffs on imports of chinese solar panels and south korean washing machines—measures his administration said were needed to protect u.s. manufacturers from a flood of cheap imports. south...






u.s. to apply tariffs on chinese imports, restrict tech deals


washington—the trump administration will levy tariffs on tens of billions of dollars of chinese imports, alongside restrictions on technology transfers and acquisitions by beijing, moving to pressure china to curtail what the u.s. considers unfair trading and investment practices.on trade, “we have one particular problem, and i view them as a friend. … and that’s china,” president donald trump said thursday, adding that america has an “out of control” trade deficit with the country. ...






asian targets of trump tariffs say american consumers will get hurt


asian nations have been bracing for trade sanctions ever since president donald trump took office a year ago.the wait was over monday, as mr. trump declared tariffs on imports of chinese solar panels and south korean washing machines—measures his administration said were needed to protect u.s. manufacturers from a flood of cheap imports. south...






the latest: trump orders tariffs on steel, aluminum imports


washington — the latest on president donald trump's plan to impose tariffs on imports of steel and aluminum (all times local):2:15 a.m.president donald trump his action on tariffs on steel and aluminum imports is necessary to protect industries "ravaged by aggressive foreign trade practices. it's really an assault on our country."he has ordered steep new tariffs on those imports to the u.s.the president says he will exempt canada and mexico as "a special case" while negotiating for changes to the north american free trade agreement.the new tariffs will take effect in 15 days, with america's neighbors indefinitely spared "to see if we can make the deal," trump says.he suggested in an earlier meeting with his cabinet that australia and "other countries" might be spared, a shift that could so






trump's tariffs plan prompts global backlash | news


us president donald trump has refused to back down on his plan to impose new tariffs on steel imports.he is due to sign off on the measure by the end of the week.several countries have threatened to retaliate, warning the move could start a global trade war.al jazeera's kimberly halkett reports from washington, dc.






trump to impose steep tariffs on imports of steel, aluminum


washington — determined to protect vital american industries, president donald trump declared thursday that he will impose tariffs on steel and aluminum imports, dramatically raising the possibility of a trade showdown with china and other key trading partners.the announcement roiled financial markets and stoked fears on wall street that other countries could retaliate with trade barriers of their own. at one point thursday afternoon the dow jones industrial average was down more than 500 points, or about 2 percent. the decision also disappointed republican lawmakers, who warned that it would hurt a range of industries.trump summoned steel and aluminum executives to the white house and told them that next week he would levy penalties of 25 percent on steel and 10 percent on aluminum import






the latest: white house: trump to reveal decision on tariffs


washington — the latest on president donald trump and trade penalties on steel and aluminum imports (all times local):8:55 a.m.a white house official says president donald trump plans to announce thursday whether he'll impose tariffs or quotas on steel and aluminum imports.increased foreign production, especially by china, has driven down prices and hurt american producers.trump defended the u.s. steel and aluminum industries in a tweet thursday, saying they "have been decimated by decades of unfair trade and policy with country from around the world" and that "we want free, fair and smart trade!"commerce secretary wilbur ross last month offered trump three options, including tariffs on all steel and aluminum imports from all countries, tariffs on steel and aluminum imports from some count






former white house economists urge trump not to impose emergency tariffs on stee


fifteen former top white house economists, from both political parties and dating back to the ford administration, are urging president trump not to go through with plans to impose tariffs on steel imports in the name of national security.in an extraordinary letter wednesday to trump, these former chairs of the white house council of economic advisors say they represent a wide range of political and economic views but are of one accord in opposing trump’s plan to slap new tariffs on imported steel.the trump administration is undertaking a review of the issue, which would provide a basis for the president to levy new tariffs on the grounds that foreign steel presents a threat to american security interests.such tariffs would not only come with diplomatic costs, as most imported steel comes






administration officials hail china tariffs as 'historic,' critics fear trade wa


president trump will order about $50 billion in tariffs on a wide range of chinese imports, as well as new restrictions on chinese investments in the u.s., as his administration seeks to force beijing to stop what officials describe as a years-long effort to steal u.s. technology.the move, which trump is scheduled to announce today, is the largest yet in his rapidly unfolding effort to use tariffs — taxes on imported goods — to counter what he sees as unfair trade practices by other countries, especially china.advertisementthe new tariffs are designed to raise prices on chinese products from clothing to laptops to toys. they likely will have a greater impact on the u.s. economy than trump's decision earlier this month to impose tariffs on some imported steel and aluminum.by midday thursday






trump forges big trade lever from steel, aluminum


washington—president donald trump on monday sought to use his threat to slap tariffs on steel and aluminum imports as leverage to extract concessions from north american trading partners, while his party’s congressional leaders worked to derail a proposal that they said could spark a trade war.mr. trump upset u.s. allies and trading partners last week by saying he would impose tariffs on steel and aluminum imports from around the world. trump administration officials have said no nation would be exempted from the duties,...






trump forges big trade lever from steel, aluminum


washington—president donald trump on monday sought to use his threat to slap tariffs on steel and aluminum imports as leverage to extract concessions from top trading partners, warning mexico and canada that their metal exports would be penalized until they agree on a plan to overhaul north america’s trading system.mr. trump upset u.s. allies and trading partners last week by saying he would impose tariffs on steel and aluminum imports from around the world. trump administration officials have said no nation would be exempted...






the latest: business leaders worry about planned tariffs


washington — the latest on president donald trump's plan to impose tariffs on imports of steel and aluminum (all times local):11:42 a.m.as trump prepares to formally institute tariffs on imports of steel and aluminum, he's in the final stages of decision-making on another tough trade action.in a wednesday tweet, trump says, "the u.s. is acting swiftly on intellectual property theft."a white house official says trump is referencing the ongoing section 301 investigation of china, under which the u.s. trade representative is studying whether chinese intellectual property rules are "unreasonable or discriminatory" to american business.an announcement of the findings of the report, and possible retaliatory actions, is expected within the next three weeks.____11:30 a.m.the head of the world's la






the latest: trump tariffs to take effect in 15 days


washington — the latest on president donald trump's plan to impose tariffs on imports of steel and aluminum (all times local):2:50 p.m.sources outside the white house say president donald trump's tariffs on steel and aluminum imports will take effect in 15 days, with canada and mexico indefinitely excluded from the duties.trump is ordering import tariffs of 25 percent on steel and 10 percent on aluminum later thursday. he says american manufacturers need to be protected on national security grounds.the people briefed on the plans say all countries affected by the tariffs are being invited to negotiate for exemptions, if they can address the threat their exports pose to the u.s.those briefed on the plans say the exclusion for canada and mexico could be ended, if talks stall to renegotiate t






trump threatens to impose tariffs on european cars


president donald trump upped the ante in a brewing trade conflict stirred up by his announcement of steel and aluminum tariffs, saying the u.s. would impose tariffs on european car exports if the bloc follows through with retaliation against his metals duties.“if the e.u. wants to further increase their already massive tariffs and barriers on u.s. companies doing business there, we will simply apply a tax on their cars which freely pour into the u.s.,” mr. trump wrote on twitter from palm beach, fla. “they make it impossible...






trump steel tariffs: trading partners threaten retaliation


media playback is unsupported on your devicemedia captiontrump on new tariffs: 'we haven't been treated fairly'the main trading partners of the us have reacted angrily after president donald trump announced plans to impose tariffs on steel and aluminium imports.canada and the eu said they would bring forward their own countermeasures to the steep new tariffs.mexico, china and brazil have also said they are weighing up retaliatory steps. mr trump tweeted that the us had been "decimated by unfair trade and bad policy". he said steel imports would face a 25% tariff and aluminium 10%.however, critics argue that the tariffs would fail to protect american jobs and would ultimately put up prices for consumers. the news sent shares in asia down on friday, with japan's benchmark nikkei 225 losing m






trump steps up war of words on trade with threat to tax eu cars


media playback is unsupported on your devicemedia captiontrump on new tariffs: 'we haven't been treated fairly'us president donald trump has stepped up his war of words over trade tariffs, threatening to "apply a tax" on imports of cars from the european union.mr trump said other countries had taken advantage of the us for years because of its "very stupid" trade deals.the trade wrangle began on thursday when mr trump vowed to impose hefty tariffs on steel and aluminium imports.that brought a stiff response from trading partners and criticism from the imf and wto.eu trade chiefs have reportedly been considering slapping 25% tariffs on around $3.5bn (£2.5bn) of imports from the us, following mr trump's proposal of a 25% tariff on imported steel and 10% on aluminium.what has mr trump said no






trump threatens to impose tariffs on european cars


president donald trump upped the ante in a brewing trade conflict stirred up by his announcement of steel and aluminum tariffs, saying the u.s. would impose tariffs on european car exports if the bloc follows through with retaliation against his metals duties.“if the e.u. wants to further increase their already massive tariffs and barriers on u.s. companies doing business there, we will simply apply a tax on their cars which freely pour into the u.s.,” mr. trump wrote on twitter from palm beach, fla. “they make it impossible for our cars (and more) to sell there. big trade imbalance!”imposing a tax on the imports of european cars would be more difficult than mr. trump’s tweet suggests. european auto makers employ thousands of workers in the u.s. and have factories in states including alaba






trump amps up his trade war with allies


president donald trump on saturday threatened to hammer european automotive companies with steep tariffs as his global trade war snowballed into a third day.trump, in a series of tweets, appeared to be responding to warnings from european leaders that his promised tariffs on aluminum and steel would trigger retaliation from numerous u.s. trading partners.bring it on, trump wrote."if the e.u. wants to further increase their already massive tariffs and barriers on u.s. companies doing business there, we will simply apply a tax on their cars which freely pour into the u.s. they make it impossible for our cars (and more) to sell there. big trade imbalance!" trump tweeted.the u.s. imposes a 2.5 percent tariff on foreign car imports and a 25 percent tariff on the import of foreign trucks and com






white house takes step to restrict chinese investment and put tariffs on $50b in


share storyby the associated pressthe associated presswashington (ap) — white house takes step to restrict chinese investment and put tariffs on $50b in chinese imports for stealing technology.the associated press






trump steps up war of words on trade with threat to tax eu cars


media playback is unsupported on your devicemedia captiontrump on new tariffs: 'we haven't been treated fairly'us president donald trump has stepped up his war of words over trade tariffs, threatening to "apply a tax" on imports of cars from the european union.mr trump said other countries had taken advantage of the us for years because of its "very stupid" trade deals.the trade wrangle began on thursday when mr trump vowed to impose hefty tariffs on steel and aluminium imports.that brought a stiff response from trading partners and criticism from the imf and wto.eu trade chiefs have reportedly been considering slapping 25% tariffs on around $3.5bn (£2.5bn) of imports from the us, following mr trump's proposal of a 25% tariff on imported steel and 10% on aluminium.they would target iconic






trade group calls for tariffs on solar imports


trade officials recommended tuesday that the united states impose restrictions on solar power equipment purchased from abroad, including tariffs, setting the stage for president donald trump to make a decision that would have significant ramifications for the u.s. solar industry, its workers and its customers.four officials from the u.s. international trade commission, an independent federal agency that governs trade, announced a range of recommendations tuesday aimed at protecting domestic makers of solar equipment from unfairly priced imports, especially from china. those included limiting the imports of certain solar components and imposing tariffs of 10 to 35 percent on certain products.those recommendations will be sent to the president by nov. 13; he will have 60 days to accept or re






trump steel tariffs: trading partners threaten retaliation


media playback is unsupported on your devicemedia captiontrump on new tariffs: 'we haven't been treated fairly'the main trading partners of the us have reacted angrily after president donald trump announced plans to impose tariffs on steel and aluminium imports.canada and the eu said they would bring forward their own countermeasures to the steep new tariffs.mexico, china and brazil have also said they are weighing up retaliatory steps. mr trump tweeted that the us had been "decimated by unfair trade and bad policy". he said steel imports would face a 25% tariff and aluminium 10%.however, critics argue that the tariffs would fail to protect american jobs and would ultimately put up prices for consumers. the news sent shares in asia down on friday, with japan's benchmark nikkei 225 losing m






us trade deficit drops sharply to $43.6 billion in february


washington — the u.s. trade deficit declined sharply in february as imports from china fell by a record amount and american exports rose for a third straight month.the deficit fell to $43.6 billion in february, 9.6 percent below january's deficit of $48.2 billion, the commerce department reported tuesday. exports rose a tiny 0.2 percent to $192.9 billion. imports dropped 1.8 percent to $236.4 billion as the flow of chinese goods tumbled by $8.6 billion, led by a big drop in cell phone imports.the politically sensitive trade deficit with china narrowed to $23 billion, 26.6 percent below the january total. president donald trump, who was sharply critical of chinese trade practices during last year's presidential campaign, will hold his first meeting with chinese president xi jinping later th






us steel and aluminium imports face big tariffs, trump says


media playback is unsupported on your devicemedia captiontrump on new tariffs: 'we haven't been treated fairly'president donald trump is to impose steep tariffs on steel and aluminium imports next week, hitting producers like canada and china.he said steel products face a 25% tariff, with 10% on aluminium goods.the us imports four times more steel than it exports, and is reliant on steel from more than 100 nations.mr trump tweeted that the us was suffering from "unfair trade". but the move has hit us markets, with the dow jones index closing down 1.7%.the value of shares in american steel manufacturers jumped significantly after the announcement.the news is likely to provoke an angry reaction from china, and analysts have expressed fears of the prospect of new trade wars.key us allies are






trump steel tariffs: trade wars are good, says trump


media playback is unsupported on your devicemedia captiontrump on new tariffs: 'we haven't been treated fairly'us president donald trump has said "trade wars are good", amid controversy over his decision to impose tariffs on steel and aluminium imports.he tweeted that the us was "losing billions of dollars on trade" and would find a trade war "easy to win".on thursday he said steel imports would face a 25% tariff and aluminium 10%.canada and the eu said they would bring forward their own countermeasures. mexico, china and brazil have also said they are considering retaliatory steps. critics argue that the tariffs would fail to protect american jobs and would ultimately put up prices for consumers. the news sent shares in both asia and europe down on friday. 'we win big'in a tweet early on






us trade deficit drops sharply to $43.6 billion in february


washington (ap) — the u.s. trade deficit declined sharply in february as imports from china fell by a record amount and american exports rose for a third straight month.the deficit fell to $43.6 billion in february, 9.6 percent below january’s deficit of $48.2 billion, the commerce department reported tuesday. exports rose a tiny 0.2 percent to $192.9 billion. imports dropped 1.8 percent to $236.4 billion as the flow of chinese goods tumbled by $8.6 billion, led by a big drop in cell phone imports.the politically sensitive trade deficit with china narrowed in february to $23 billion, 26.6 percent below the january total. president donald trump, who was sharply critical of chinese trade practices during last year’s presidential campaign, will hold his first meeting with chinese president xi






germany urges us to rethink steel, aluminum tariffs


berlin — u.s. president donald trump risks sparking a trade war with his closest allies if he goes ahead with plans to impose steep tariffs on steel and aluminum imports, german officials and industry groups warned friday.trump, who has long railed against what he deems unfair trade practices by china and others, said thursday he planned to levy penalties of 25 percent on imported steel and 10 percent on aluminum imports from next week.the move hit markets hard, and global indexes tracked wall street lower on friday — germany's dax index, for example, was down 2 percent in late-morning trading in frankfurt amid trade war fears."markets are clearly concerned that trump's move to impose tariffs will spark retaliation from other countries or trade blocs, which could be the start of a trade wa






australia disputes u.s. tariffs linked to new security pact


sydney—australia on saturday disputed u.s. president donald trump’s apparent assertion the day before that the country being exempted from planned u.s. tariffs on aluminum and steel imports would be conditional on a new security agreement. on twitter, mr. trump said friday that his australian counterpart “is committed to having a very fair and reciprocal military and trade relationship. working very quickly on a security agreement so we don’t have to impose steel or aluminum tariffs on our ally, the great nation of australia!”...






solar industry on edge as trump weighs tariffs on panels


dallas — some in the u.s. solar-power industry are hoping a decision this week by president donald trump doesn't bring on an eclipse.companies that install solar-power systems for homeowners and utilities are bracing for trump's call on whether to slap tariffs on imported panels.the solar business in the u.s. has boomed in recent years, driven by falling prices for panels, thanks in part to cheap imports. that has made solar power more competitive with electricity generated from coal and natural gas.a green-technology research firm estimates that tariffs could cost up to 88,000 u.s. jobs related to installing solar-power systems.on the other side are two u.s. subsidiaries of foreign companies that argue the domestic manufacturing of solar cells and modules has been decimated by a flood of






trump signs order punishing china on trade


president donald trump signed an order thursday that paves the way for imposing tariffs on as much as $60 billion worth of chinese imports to punish beijing for what he said is the theft of american technology and chinese pressure on u.s. companies to hand it over."it is the largest deficit of any country in the history of our world," trump said of the u.s.-china trade imbalance, blaming it for lost american jobs.he said his action would make the country stronger and richer.china has already warned that it will take "all necessary measures" to defend itself, raising the prospect of a trade war between the world's two biggest economies.the white house said thursday that trump would direct the office of the u.s. trade representative to publish a list of proposed tariffs for public comment wi






breach site leakedsource apparently raided by feds


image: file leakedsource, a for-profit breach notification site that helped break the news of some of last year's largest data breaches, has apparently been raided by law enforcement. news of the raid, which can't be confirmed at the time of writing, first broke on thursday through a note posted on a virtual markets forum earlier in the day, but it is no longer viewable. leakedsource's website appears to have been pulled offline. the note reads: "yeah you heard it here first. sorry for all you kids who don't have all your own databases. leakedsource is down forever and won't be coming back. owner raided early this morning. wasn't arrested, but all ssd's got taken, and leakedsource servers got subpoena'd and placed under federal investigation. if somehow he recovers from this and launches