In tit-for-tat, Trump threatens more tariffs against China

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

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

China's commerce ministry said Beijing will fight back with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods.

Security guards walk in front of containers at the Yangshan Deep Water Port in Shanghai, China on April 24, 2018.

President Trump on Monday directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports as the two nations moved closer to a potential trade war.

The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the USA, but of the world.

The tariffs announced by the White House on Friday hit more than 1,100 Chinese products with a rate of 25 percent.

He said the move would be in retaliation for China's decision to raise tariffs on $50 billion in U.S. goods.

The United States and China have the world's biggest trading relationship but official ties are increasingly strained over complaints Beijing's technology development tactics hurt American companies.

Read: What can Beijing do if China-US trade row worsens?

"Until this point, the USA equity market has done a remarkable job shaking off any trade-war jitters", said Briefing.com analyst Patrick O'Hare.

"The Trump administration appears to think it can strong-arm China in making concessions by scaling up the amount of trade it imposes tariffs on", Kuijs wrote.

China imported $129.89 billion of US goods a year ago, while the United States purchased $505.47 billion of Chinese products, according to USA data.

For Mickelson mistake, the penalty is two strokes and not disqualification
The American had a 10-foot putt for bogey on the 13th hole, but the ball slid past and he watched it gather pace down a slope. Pressed by reporters if he got away with a serious breach of etiquette at the very least, Mickelson issued a bold directive.

"This is just what we predicted - a tit-for-tat trade war has erupted and American families are caught in the middle", National Retail Federation president Matthew Shay said in a statement Monday evening.

White House trade adviser Peter Navarro last week said a deal to keep ZTE in business was a personal favour to the Chinese president, and said that if the company fell afoul of the United States one more time, it would be shut down.

President Donald Trump is once again threatening to hit China with more tariffs - but the Chinese government has a hidden trick up its sleeve that could help it beat Trump's tariffs while dealing a devastating blow to American companies.

The Trump administration has announced plans to target products from China including machinery, electrical goods and vehicles.

"I have to point out that USA remarks confused right with wrong and made irresponsible accusations against China to cover up its unilateral and protectionist moves", Chinese Foreign Ministry spokesman Geng Shuang said when asked to comment on Pompeo's statement.

"We're seeing USA dollar strength, which has had net negative effects on cyclical commodities, and you're seeing that pressure reflected in the stocks".

"As I've said from the beginning, China will back off its industrial plans only when United States trade measures are large and lasting enough to threaten the influx of foreign exchange".

Crude oil plunged early in the session on reports that a group led by OPEC and major OPEC producers, including Russian Federation, planned to raise production by as much as 1 million barrels per day.

President Donald Trump told Apple Chief Executive Tim Cook that the USA government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations.

US stocks may be getting slammed by the latest trade tensions, but equities in China are faring far worse.

US farmers, in particular, have been targeted with tariffs from those nations, both because they're big exporters and because farmers were generally supportive of Trump.

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