23 de julio de 2019
ÚLTIMAS NOTICIAS:
Hispanic World

Trump continues to talk tough on trade with China

Washington, May 13 (efe-epa).- President Donald Trump said Monday that he was prepared to impose tariffs on virtually all Chinese imports to the United States as the trade war between the world's two largest economies intensified.

 US President Donald Trump (R) and Hungarian Prime Minister Viktor Orban talk to reporters at the White House in Washington on Monday, May 13. EFE-EPA/Chris Kleponis/POOL

US President Donald Trump (R) and Hungarian Prime Minister Viktor Orban talk to reporters at the White House in Washington on Monday, May 13. EFE-EPA/Chris Kleponis/POOL

Washington, May 13 (efe-epa).- President Donald Trump said Monday that he was prepared to impose tariffs on virtually all Chinese imports to the United States as the trade war between the world's two largest economies intensified.

"We have the right to do another $325 billion at 25 percent in additional tariffs. That is a tremendous amount of money that would come into our country. I have not made that decision yet," he told reporters while welcoming Hungarian Prime Minister Viktor Orban to the White House.

(In a statement released later Monday, the Office of the US Trade Representative said that the value of Chinese goods potentially subject to new tariffs would be $300 billion)

Trump's comments came hours after China increased from 10 percent to 25 percent the tariffs it levied last year on $60 billion worth of US imports.

Beijing was retaliating for Trump's decision last week to enact an identical increase in the US import duties applied since last year to $200 billion worth of Chinese products.

Asked about the latest move from Beijing, Trump said he wasn't concerned about the impact on the US economy.

"I love the position we're in. There can be some retaliation, but it can't be very, very substantial, by comparison. And out of the billions of dollars that we're taking in, a small portion of that will be going to our farmers because China will be retaliating, probably, to a certain extent, against our farmers," he said.

Trump said he was planning a $15 billion aid package for US farmers hurt by Chinese tariffs.

"Our farmers are great patriots and they've done a fantastic job. So our farmers are going to be very well taken care of," he said.

Chinese and US trade negotiators met last week in Washington, but they adjourned without an agreement and no further talks are scheduled.

The gloomy outlook for resolving the trade conflict spurred a steep drop Monday on the New York Stock Exchange, where the Dow Jones Industrial Average plunged 617.38 points, or 2.38 percent.

Trump, however, said he was still hopeful about achieving a deal and revealed that he planned to meet face-to-face with Chinese President Xi Jinping at the June 28-29 G20 summit in Osaka, Japan.

"We're dealing with them (China). We have a very good relationship. Maybe something will happen. But we're going to be meeting, as you know, at the G20 in Japan. And that will be, I think, probably, a very fruitful meeting," he said in the Oval Office.

In 2018, the US imported nearly $540 billion worth of Chinese products, while its exports to China totaled $120 billion.

Trump blamed Beijing for the impasse in the trade negotiations.

"But we had a deal with China. It was 95 percent there. And then, my representatives - as you know, (Treasury) Secretary (Steve) Mnuchin and Bob Lighthizer - Ambassador Lighthizer - they went to China and they were told the things that were fully agreed to we're not going to get anymore, they're going to un-agree to them. That's not acceptable," the president said.

The "sticking point" in the talks was Beijing's resistance to the idea of enshrining in Chinese law measures about respecting the intellectual property of US firms operating in China, White House chief economic adviser Larry Kudlow said Sunday.

The Chinese government is said to prefer to implement the changes via administrative orders.

afs-llb/dr

Histórico de noticias
IMF reduces global growth forecast to 3.2 pct. due to political risks

Santiago, Jul 23 (efe-epa).- The trade war between the United States and China, the uncertainty created by Brexit and the tensions affecting the price of...

Lula's native region showcases the essence of Brazilian folklore

By Nayara Batschke

Trump pursues closer ties with Pakistan

Alfonso Fernandez

Demonstrators, artists once again demand resignation of Puerto Rico governor

San Juan, Jul 22 (efe-epa).- Tens of thousands of demonstrators, headed by Puerto Rican artists and athletes, on Monday once again demanded the resignation...

Power blackout hits most of Venezuela

Caracas, Jul 22 (efe-epa).- A new power blackout left much of Venezuela without electricity on Monday starting at 4:40 pm, and the state-run Corpoelec,...

Argentine fintech company Ualá hits 1 mn issued cards

Buenos Aires, Jul 22 (efe-epa).- Ualá, the Argentine financial technology company founded by young entrepreneur Pierpaolo Barbieri, said Monday that it had...

Iguacu, 1,300 km of hidden paradise among 6 hydroelectric plants

By Ana Paula Chain

Trump: I'd win Afghan war in a week but only by wiping out too many people

Washington, Jul 22 (efe-epa).- US President Donald Trump said Monday he could win the Afghanistan war in a week, but added that he doesn't really want to...

Trump praises Xi for showing restraint with Hong Kong protests

Washington, Jul 22 (efe-epa).- President Donald Trump said Monday that his Chinese counterpart, Xi Jinping, had shown restraint in the face of the mass...

NASA develops MHS spaceship to fly over Mars

By Ivan Mejia

Thieves steal $25,000 in cash, property from actor Del Toro in San Juan

San Juan, Jul 22 (efe-epa).- Thieves stole $17,000 in cash plus other personal property worth thousands of dollars over the weekend from the San Juan...

US acknowledges Mexico's progress on migration strategy

Mexico City, Jul 21 (efe-epa).- US Secretary of State Mike Pompeo on Sunday acknowledged Mexico's progress on increasing immigration enforcement, noting...

Puerto Rico governor announces he won't run for re-election, amid protests

San Juan, Jul 21 (efe-epa).- Puerto Rico Gov. Ricardo Rossello Sunday that he will not run for re-election in 2020, his announcement coming amid an...

Pinto says he won't coach Panamanian national soccer team

Bogota, Jul 21 (efe-epa).- Jorge Luis Pinto, who has been at the helm of the national squads of Honduras, Costa Rica and Colombia, said Sunday he had no...

Trump: Squad congresswomen should apologize to US, Israel

Washington, Jul 21 (efe-epa).- President Donald Trump on Sunday once again unloaded on the four Democratic congresswomen known as "The Squad" after sparking...

Ecuador makes big push into large-scale mining with Chinese-backed project

By Fernando Arroyo Leon

US sees Moon landing anniversary as stimulus for new space race

By Alvaro Blanco

"Roma" star launches campaign against gender-based violence in Mexico

By Manuel Mora MacBeath

Ecuador president, US secretary of state discuss Venezuelan catastrophe

Guayaquil, Ecuador, Jul 20 (efe-epa).- Ecuadorian President Lenin Moreno welcomed US Secretary of State Mike Pompeo at the seaside city of Guayaquil, in a...

US tells China to stop interfering in oil production in South China Sea

Washington, Jul 20 (efe-epa).- The United States told China on Saturday to stop hampering oil and gas production in the waters of the South China Sea (SCS),...

Elderly Mexican relatives fear migrants will be targets of US raids

By Gabriela Garcia Guzman

Argentine biologist offers hope for endangered Chaco eagle

By Pablo Ramon Ochoa

Princess Mako honors memory of Japanese who died in Bolivia

Okinawa I, Bolivia, Jul 19 (efe-epa).- Princess Mako of Japan honored this Friday the memory of her migrant compatriots who died in Bolivia at a monument in...

Cuba pardons more than 2,600 prisoners

Havana, Jul 19 (efe-epa).- Cuba's government announced Friday that 2,604 inmates - mostly women, young people and the elderly - have been granted pardons...