Trump threatens almost all imports from China as Beijing fires back

Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing

Trump threatens to impose more trade tariffs on China

Trump previously ordered tariffs on $50 billion in Chinese goods in retaliation for Beijing's forced transfer of USA technology and for intellectual property theft. He said the move would be in retaliation for China's decision to raise tariffs on $50 billion in usa goods.

Trump said after the legal process is complete, these tariffs worth United States dollars 200 billion will go into effect if China refuses to change its practices.

Trump is moving forward with the measures after months of sometimes fraught shuttle diplomacy in which Chinese offers to purchase more American goods failed to assuage his grievances over a widening trade imbalance and China's aggressive industrial development policies.

The Trump administration also has threatened a tariff hike on another $100 billion of imports in its parallel dispute over Beijing's trade surplus, though it has yet to say when that might take effect.

In response, China announced tariffs on $34bn of USA goods including agricultural products, cars and marine products which will also take effect from 6 July.

"China's threat "clearly indicates its determination to keep the United States at a permanent and unfair disadvantage", Trump said Monday".

Due to Beijing matching the total amount of goods hit with tariffs, Trump said on Monday US time that China was "threatening United States companies, workers, and farmers who have done nothing wrong".

This move from President Trump could be counted as a countermeasure to China's decision to raise tariffs about $50 Billion on U.S products.

China's commerce ministry condemned the announcement, saying the USA was engaging in a "practice of extreme pressure and blackmail".

"If the USA becomes irrational and issues this list, China will have no choice but to adopt strong countermeasures of the same amount and quality", the statement said.

Mario Ritter adapted this story for VOA Learning English based on VOA, Reuters and AP news reports.

China's Commerce Ministry fired back in a statement, "The United States has kept changing its mind and now launched a trade war". Chinese authorities also pledged to add another 114 product categories to the existing list.

If the United States goes ahead with the new $200 billion tariffs, they are more likely to be directly felt by individuals than the previous round.

US President Donald Trump is playing a game of chicken with China. "China relationship", Mr. Navarro told reporters, citing the trade imbalance and China's campaign to acquire USA technology "by any means necessary".

The latest United States and China trade dispute has anxious investors and affected stock prices and the indexes that measure them. Yet it is also true that China is the biggest buyer, and as Russell put it, it would be easier for China to find new suppliers of crude than it would be for USA exporters to find new buyers.

"Trump appears to be employing a similar tactic he used with North Korea, by blustering first in order to gain an advantage in negotiations", said Kota Hirayama, senior emerging markets economist at SMBC Nikko Securities in Tokyo.

With support from the Trump administration in the USA, the question is whether China will also keep its hands off the iPhone.

Pompeo said he raised the issue with Chinese President Xi Jinping.

The small-cap Russell 2000 index, whose components are relatively more insulated to a global trade war, was down 0.51 percent.

The International Business Forum's Stephen Jacobi said the escalation of the tension was worrying for New Zealand in the medium to long term as it threatened to dampen global growth and undermine existing trade rules.

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