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Trump doubles down on trade war with China and warns: 'If countries will not make fair deals with us, they will be “Tariffed!”'

The US is expected to levy tariffs on another $200 billion worth of Chinese goods as soon as Monday. China has threatened to retaliate and pull out of negotiations if that happens. The US is already engaged in a trade war with China and is expected to levy new tariffs on $200 billion worth of Chinese goods as soon as Monday, on top of the tariffs in place on more than $50 billion worth of Chinese goods. …read more […]

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Accuser’s story of attack roils plan for Kavanaugh vote

Judge Brett Kavanaugh’s confirmation for the Supreme Court is taking an uncertain turn as Republican senators express concern over a woman’s private-turned-public allegation that a drunken Kavanaugh groped her and tried to take off her clothes at a party when they were teenagers. The White House and other Kavanaugh supporters had dismissed the allegation of sexual misconduct when it was initially conveyed in a private letter. With a name and disturbing details, the accusation raised the prospect of congressional Republicans defending President Donald Trump’s nominee ahead of midterm elections featuring an unprecedented number of female candidates and informed …read more […]

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China stocks drop to near four-year low as Trump said to prepare new tariffs

China’s main Shanghai Composite index fell to its lowest close in nearly four years on Monday as reports said U.S. President Donald Trump would unveil new tariffs on $200 billion of imported Chinese goods this week. In Hong Kong, the Hang Seng index was down 1.3 percent in late afternoon trade, and the China Enterprises index was off 1.2 percent. A senior official in the Trump administration told Reuters that Trump would announce the new tariffs as early as Monday. …read more […]

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China won’t just play defence in trade war, Global Times warns

China will not be content to only play defence in an escalating trade war with the United States, a widely read Chinese tabloid warned, as President Donald Trump was expected to announce new tariffs on $200 billion (£153 billion) in Chinese goods as early as Monday. Beijing may also decline to participate in proposed trade talks with Washington later this month if the Trump administration goes ahead with the additional tariffs, the Wall Street Journal reported on Sunday, citing Chinese officials. …read more […]