Chinese cyber spies pose challenge for Trump admin

The ministry said in a statement Friday that if Washington persisted in what Beijing describes as protectionism China would

A third of U.S. soybean exports go to China, totalling $14 billion a year ago, and the product comes from rural states that voted for President Donald Trump in the 2016 election.

The latest round of tariff threats is in addition to the recently imposed 25 percent tariffs on Chinese steel and 10 percent on aluminium.

Chinese officials said they were obliged to act after the USA announced plans for retaliatory tariffs in an escalating dispute over China's technology program and other trade issues.

Chinese foreign ministry spokesman Geng Shuang said China could "afford" the impact of the U.S. measures, and attempts to "subdue China through pressure or intimidation wasn't successful in history and won't be today".

Trump launches a second government probe, explicitly targeted at China. "We must address China's theft of technology and intellectual property", said Rep. Dave Reichert (R-WA), "but we can't harm USA businesses and workers". "It's relatively proportionate to the tariffs we put on based on the intellectual property".

Trump has decided this course of action even though the U.S. Chamber of Commerce and National Association of Manufacturers opposed it. "Our action is restrained".

However, experts warn that 2018 could be a different story, calling a trade war between the two gargantuan economies increasingly likely.

Asked by reporters outside the White House whether the United States could lose a trade war, Trump's top economic adviser, Larry Kudlow, said, "No".

China expresses "strong dissatisfaction" over the decision, adding that it "aggravates the global trade environment".

Porter said that FireEye, which monitors more than two-dozen groups linked to the Chinese government, has observed espionage activity continue against US firms, including those producing sensitive military technology like satellite navigation systems and semiconductors. The administration later exempted the EU, Canada, Mexico and four other economies from the duties.

The new tariffs mark a 25% tax increase on USA goods, although Chinese officials have yet to set a date for implementation, basically allowing for the ball to rest in the US president's court.

Cynthia Nixon Says One 'Sex & the City' Scene 'Devastated' Her
Nixon also addressed the tragic shooting and death of an unarmed African-American man, Stephon Clark. Cuomo was once himself a celebrity candidate, as the son of former NY governor Mario Cuomo.

Tesla Inc. has a rocky road ahead
However, he cautions that concerns about production milestones not being met could make raising cash even more hard for Tesla. Based on anticipated production growth, Tesla said it does not need to raise more capital or increase its debt at this time.

Britain's Prince Philip in 'good spirits' after hip operation
He retired from public life a year ago but has since appeared several times at royal engagements alongside Queen Elizabeth. Yesterday Buckingham Palace confirmed he would undergo surgery on Wednesday afternoon.

Hours earlier, the United States government unveiled a detailed breakdown of some 1,300 Chinese industrial, transport and medical goods that could be subject to 25% duties, ranging from light-emitting diodes to machine parts.

In a morning tweet, President Donald on Wednesday pointed to "a Trade Deficit of $500 Billion" a year with China, adding that intellectual property theft by Chinese companies costs the U.S.

As it stands, China is more vulnerable than the USA, says Katsoras.

The highest profile corporate casualty was South Korean conglomerate Lotte Group, which saw its plans for mega shopping complexes indefinitely suspended and almost all of its Lotte Mart stores in China shut for much of the year over alleged fire safety issues.

Trump's next set of potential tariffs comes barely 24 hours after China's first retaliation.

This list, which targets imports representing approximately $50 billion, targets products from various sectors including aeronautics, information and communication technologies, and robotics and machinery.

Beijing had repeatedly said it did not fear a trade war with the USA but that it would prefer dialogue to prevent such an outcome. "But we are not afraid of it, and we will resolutely fight to the end if someone insists on a war".

Shares in USA exporters of everything from food to planes were hammered on Wednesday after China retaliated against the Trump administration's tariff plans with a list of duties on key US imports including soybeans, planes, cars, beef and chemicals. In 2016, 62% of US soybean exports-representing 33 million tonnes-and 77% of USA sorghum exports went to China.

The proposed tariffs could also affect Ford Motor Co's (F.N) plans to shift production of the compact Focus next year from Mexico to China.

Oil prices fell hard early on, but later recovered.

Related news:

Hot News

isis-killer-beheading-video-story-top Key rebel group cedes stronghold to Syrian forces
Apr 05, 2018 - 01:54
Douma was one of the earliest centers of the antigovernment demonstrations that swept through the country in March 2011. He said the buses leaving Douma on Monday were transporting wounded fighters as a first step in the evacuations.

isis-killer-beheading-video-story-top Coats says decisions made on USA troops in Syria
Apr 05, 2018 - 01:52
The State Department was to have spent the money on building up the country's infrastructure, including power, water and roads. The President repeated his remark at a joint press conference Tuesday saying, " I want to get out ".

isis-killer-beheading-video-story-top Bullets Fly In The Call Of Duty: WWII War Machine DLC Trailer
Apr 05, 2018 - 01:51
For the first time in Call of Duty: WWII , players get to visit the battlefields of Northern Africa and the Egyptia pyramids. The Shadowed Throne brings our heroes into the heart of Nazi Germany to confront a desperate and murderous regime.

isis-killer-beheading-video-story-top Redick, Simmons lead Philadelphia to 11th straight win
Apr 05, 2018 - 01:47
Detroit is 14 in rebounding with 43.9 boards per game and are average sharing the ball, ranking 19 in assists with 22.5 per night. With the easy win, Philadelphia improved to 47-30 overall which is now good for fourth place in the Eastern Conference standings.

isis-killer-beheading-video-story-top NZ vs ENG 2nd Test: Records broken and interesting statistics
Apr 05, 2018 - 01:46
With Latham out, New Zealand's lower order was exposed and England apparently had plenty of time to push for the win. Sodhi, who feared he may have finished with a broken finger, said it was a hard period to bat through.

isis-killer-beheading-video-story-top Crowd gathers for Martin Luther King march
Apr 05, 2018 - 01:45
I remember Mahalia Jackson singing. "Its aims included a number of things we don't generally think of as civil rights aims". King's message touting the importance of human rights is just as important for all citizens today as it was fifty years ago.

isis-killer-beheading-video-story-top Progressive Judge Wins Big in Wisconsin Special Election
Apr 05, 2018 - 01:45
The court has been a reliable ally of Walker and Republicans who have controlled the governor's office and Legislature since 2011. In Outagamie County, Dallet bested Screnock by 12 percentage points while Walker won that county in 2014 by 20 percentage points.

isis-killer-beheading-video-story-top Ravens sign QB Robert Griffin III to one-year deal
Apr 05, 2018 - 01:44
Ravens Head Coach John Harbaugh is optimistic about the signing; saying the deal was a bargain and that it improved the team. Flacco got better and started Week 1 (and all 16 games), so the Ravens didn't end up needing Griffin.

isis-killer-beheading-video-story-top New batch of 1198 Islam Army rebels evacuate Eastern Ghouta
Apr 05, 2018 - 01:43
The government's initial statements reported two buses, and then four buses, leaving the rebels' last stronghold in the area. In May 2017, the regime secures a "reconciliation" deal for the rebel-held Damascus districts of Barzeh, Qabun and Tishrin.

isis-killer-beheading-video-story-top 7 jurors picked in Cosby sexual assault retrial
Apr 04, 2018 - 01:35
Montgomery County President Judge Thomas DelRicci said Tuesday he would schedule a hearing on the news media's legal challenge. At the first trial, O'Neill barred Jackson from testifying after Constand denied knowing her.

isis-killer-beheading-video-story-top YouTube Employees Report Shooter At California Headquarters
Apr 04, 2018 - 01:34
"Thank you to our phenomenal Law Enforcement Officers and First Responders that are now on the scene", President Trump tweeted . YouTube staff stand outside the building with their hands up after evacuating their office amid reports of an active shooter.

isis-killer-beheading-video-story-top Teen boy plunges down sewage pipe
Apr 04, 2018 - 01:34
The pipes are four feet in diameter with varying depths of water moving at approximately 15 miles per hour , the department added. Monday when crews opened a pipe hatch to lower a camera about three-quarters of a mile from the site where he disappeared.

isis-killer-beheading-video-story-top UK To Ban Ivory Sales
Apr 04, 2018 - 01:30
World Wildlife Fund chief executive Tanya Steele said around 55 African elephants were being killed for their ivory every day. Currently, the U.S. federal ban exempts all items older than 100 years as well as items with up to 50% ivory content .

isis-killer-beheading-video-story-top Spotify shares surge after direct listing
Apr 04, 2018 - 01:28
Others argue that Spotify could be viewed as a Netflix , which has been successful in entertainment licensing agreements. In an attempt to pay homage to Spotify's going public , the NYSE meant to pay homage to the company's Swedish homeland.

isis-killer-beheading-video-story-top Child Abuse Prevention Month features training, movies, fishing
Apr 04, 2018 - 00:24
Blue pinwheels represent a happy, healthy childhood, and have become a recognized symbol for child abuse prevention. That end doesn't seem to be in sight as she noted there's much discussion on "from preschool to prison".