Dow Jones falls 245 due to new China tariff fears

Dow Jones falls 245 due to new China tariff fears”

An early-December announcement of a new product list would mean the effective date - after a 60-day public comment period - may coincide with China's Lunar New Year holiday in early February.

"US officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress" in Buenos Aires at the G20 in late November. They cautioned that final decisions had not been made.

"And I have Dollars 267 billion waiting to go if we can't make a deal", Trump said.

US Treasury Secretary Steven Mnuchin told Reuters earlier this month in Bali, Indonesia that China needed to agree to specific "action items" to rebalance the US-Chin economic relationship, open markets and change technology transfer, subsidy and currency policies.

The Dow Jones Industrial Average rose 431.72 points, or 1.77 percent, to 24,874.64, the S&P 500 gained 41.38 points, or 1.57 percent, to 2,682.63 and the Nasdaq Composite added 111.36 points, or 1.58 percent, to 7,161.65.

The potential for more tariffs could further rattle a stock market that is already wobbling.

Chinese Foreign Ministry spokesman Lu Kang said China and the United States have all along been in communication about exchanges at all levels, including a possible Xi-Trump meeting in Argentina.

He said: "I think that we will make a great deal with China and it has to be great, because they've drained our country". Still, multiple factors make such a drop unlikely, including prospects the US might not go so far and China's various options to sustain growth.

Trump said in the interview he would like to make a deal now, but that China was not ready.

Over the past year, said Cui, "we have heard enough of trade war threats, assertions about strategic rivalry, sabre rattling in the South China Sea, and even unfounded accusations against Chinese students and scholars".

The US levied tariffs of 10 percent on Dollars 200 billion of Chinese products in September, with the rate set to increase to 25 percent by the end of the year barring a breakthrough in the trade talks. The reports - all based on a Bloomberg article - say that the USA will place tariffs on the remaining $257 billion of Chinese imports not already subject to tariffs if there are no new developments in the ongoing trade spat.

"We are in the middle of a pretty nasty dispute".

As another option, the White House is also considering excluding trade from the meeting agenda but it is unlikely to cancel it altogether, according to two people familiar with the matter. "You know why? 'Cause we always win".

Like this



31 October 2018
Jacobs grabs IBF middleweight title with split decision win
Derevyanchenko, however, refused to go down quietly and threw a flurry of punches in the 10th round that stunned Jacobs. Jacobs just had the edge in seasoning, fought a slightly smarter fight throughout and as such pulled out the win.

31 October 2018
Federer reaches semi-finals after being stretched by Simon
The title was the 37-year-old Federer's first in more than four months since winning on grass at Stuttgart in June. There were seven breaks of serve in the second set which ended with Simon coming out on top and set up a decider.

31 October 2018
Naomi Watts cast in Game Of Thrones prequel spin-off
The British actress, 50, will play "a charismatic socialite hiding a dark secret", reported Variety today, October 31. Goldman has written Kick-Ass, X-Men: First Class, and the Kingsman films.

31 October 2018
UAE VP lauds 1st locally made satellite launched from Japan
The first satellite made completely by Emirati engineers in the UAE, KhalifaSat, has successfully been launched into space. KhalifaSat is set to spend five years in "Low Earth Orbit" before descending to Dubai's Mohammed Bin Rashid Space Center.

31 October 2018
Pakistan SC restores ban on Indian content on TV channels
Nisar said such devices mostly consisting of Indian channels resulted in draining of hard-earned money out of Pakistan. The chairman of the Pakistan Cable Operators Association criticised the verdict.

31 October 2018
Winnipeg vigil to be held for synagogue shooting victims
Bowers is scheduled to make an appearance before a federal magistrate judge on Monday, Oct. 1:30 p.m. On Saturday, Hissirch, appearing to hold back tears, said: "It's a very horrific crime scene".

31 October 2018
Now, OnePlus 6T comes to India starting at Rs 37,999
This is because, as of Android Pie, the Recents app overview is built into the Launcher application alongside OnePlus' gestures. There are several new features and additions, which we will explore and talk about later in our full review.

30 October 2018
Google Pixel 3 XL gets horrifying second notch thanks to weird glitch
The problem appears to be fixed with a restart or by tinkering wth the developer settings, so luckily it's nothing too serious. It's not yet known what triggers this behavior, but if you have a Pixel 3 XL and you see a second notch , don't worry.

30 October 2018
Broncos GM John Elway releases statement after trading Demaryius Thomas
Thomas recovered from a bad case of the drops in the opener to be a reliable option for Keenum, too. New England reportedly was in the market for a "bona fide" receiver, and Thomas fits that bill.

30 October 2018
70 percent of Venice covered in water by flooding
Water levels rose more than five feet (156cm / 61.4 inches), with photos showing locals and tourists wading their way through it. Officials closed major tourist attractions in Rome, including the Colosseum and Roman Forum, early because of heavy rains.