18
Sunday
August 2019
7:16 AM IST
News Headlines
Deepa Malik joins Bajrang for Khel Ratna, cricketer Jadeja among 19 for Arjuna        Mary Kom recuses herself from Saturday's sports award meeting        Trump says Apple will spend 'vast sums' in US        Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park        Modi arrives in Bhutan on two-day visit        Hong Kong protest tensions heat up in Australia        Separatists vacate key offices in Yemen's Aden: Minister        Fire at AIIMS, 22 fire tenders rushed        Soldier killed in Pak firing along LoC in J-K's Rajouri        Jaitley on life support; Nitish, Piyush Goyal and others visit AIIMS        Ravi Shastri reappointed head coach of Indian team till 2021        Archer strikes as Australia slump to 80-4 in second Ashes Test        Hong Kong protests: Trump urges Xi to meet pro-democracy demonstrators        Myanmar, Bangladesh schedule Rohingya repatriation        2 Israelis, Palestinian assailant hurt in West Bank car ramming: army        Sensex, Nifty edge higher on stimulus talks; post weekly loss        Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki        Airtel shareholders approve waiver in recovery of excess pay to Mittal        Kashmir remains shut for 12th consecutive day        We would like to give little time: SC on plea seeking removal of restrictions on media in J-K        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Trump warns China of substantial increase in import tariffs
 
Washington: US President Donald Trump has warned of imposing substantial tariffs on imports from China if the trade negotiations did not go well.

"China has to do a lot of things to turn it around. But you'll be seeing. They've got to do a lot of things. It (tariff increase) goes on September 1," Trump said on Friday, a day after he announced to impose 10 per cent tariff on Chinese products worth nearly USD 300 billion.

This is in addition to the 25 per cent import tariff on Chinese products worth USD 250 billion.

The next round of the US-China trade talks is scheduled for September.

"Frankly, if they don't do, I can always increase it very substantially. In other words, I could increase it -- if I wanted to, I could increase it to a very much higher number," he said.

Observing that the US was "so far behind" China before he became the President, Trump said America had been treated badly.

"And I don't blame China. I blame our past leaders, our past presidents, our past trade representatives. They've done a terrible job," he said.

"We can't just go and make an even deal with China. We have to make a much better deal. Because, right now, they have a very unfair playing field, and I'm turning it around. We are getting 25 per cent of USD 250 billion and now we'll be getting 10 per cent of probably close to USD 350 billion. It's a lot of money, he said.

Trump further said China was devaluing their currency and they're also pouring money in.

"Their currency is going to hell, but they're also pouring money in. That will totally pay for the tariffs. The tariffs are not being paid for by our people; it's being paid for by China because of devaluation and because they're pumping money in," he said.

Trump said the US was taking in billions of dollars from China.

"We never took in 10 cents from China. Out of that many billions of dollars, we're taking a part of it and we're giving it to the farmers because they've been targeted by China. They come out totally whole. So, you interviewed the wrong farmer, but that's all right," said the US President.


Trump says Apple will spend 'vast sums' in US
Coffee Day Enterprises says debt to fall to Rs 1,000 cr post sale of Bengaluru tech park
Sensex, Nifty edge higher on stimulus talks; post weekly loss
Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki
Airtel shareholders approve waiver in recovery of excess pay to Mittal
Rupee slips 12 paise to 70.93 vs USD in early trade
Gaana looking to break-even in next 4-5 years
Rupee suffers biggest slump in 6 yrs; closes at 4-mth low of 70.73 on yuan shock
Sensex tanks over 418 points amid Kashmir uncertainty
Law which allowed circulation of Rs 1000 notes in 1999 scrapped
JM Financial arm to raise up to Rs 500 cr
RBI imposes Rs 50 lakh fine on SBI
RBI imposes Rs 11 cr fine on seven PSBs for violating norms
NTPC chief for setting up of clean power projects without PPAs
Gold prices up marginally; silver tumbles by Rs 590 per kg
D K Mohanty assumes charge as RINL's director
JSPL supplies 1.26 LT rails to Indian Railways
Fiscal deficit touches Rs 4.32 lakh crore in Q1
CBI books Rolls Royce in corruption case
RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms
KERALA NEWS
Flood in Kerala: CM conducts aerial survey
 Kochi: Kerala Chief Minister Pinarayi Vijayan along with his ministers and government officials carr  
Kerala rains: Toll climbs to 88, 40 still missing
Red Alert in Alappuzha, Ernakulam and Idukki
Singer Biju Narayanan's wife passes away
INTERNATIONAL NEWS
Modi arrives in Bhutan on two-day visit
 Paro: Prime Minister Narendra Modi received a red-carpet welcome as he arrived in Bhutan on Saturday
Hong Kong protest tensions heat up in Australia
Separatists vacate key offices in Yemen's Aden: Minister
Hong Kong protests: Trump urges Xi to meet pro-democracy demonstrators
NATIONAL NEWS
Fire at AIIMS, 22 fire tenders rushed
 New Delhi: A fire broke out at the AIIMS here on Saturday evening and 22 fire tenders were rushed to
Soldier killed in Pak firing along LoC in J-K's Rajouri
Kashmir remains shut for 12th consecutive day
We would like to give little time: SC on plea seeking removal of restrictions on media in J-K
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.