Trump threatens tariffs on all $500B of Chinese imports
01:17, Jul 23, 2018
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Trump said that raising American interest rates makes investment in China comparatively attractive, because China manipulates its currency by artificially devaluing it.
"The United States should not be penalized because we are doing so well".
The US-China spat is the largest and broadest of several trade fights picked by Trump.
Trump said on Twitter. He also once again commented on how the United States is being taken advantage of by China. He accused Beijing of stealing intellectual property, manipulating the yuan, and exposing illegal export subsidy practices.
China has retaliated with duties of its own, hitting USA imports of soybeans and pork. The president said China had harmed the U.S.by deflating its currency to suppress the price of Chinese goods and violating trade laws.
United States stock index futures, already down on trade worries, fell further after the interview.
Presidents historically do not comment on the Fed's policy as it could be viewed as influencing the bank's decisions, which are meant to be independent of political influence.
President Donald Trump made it clear that, if necessary, he is ready to slap tariffs on all imports from China.
"Look, I'm not doing this for politics", Trump said during the interview broadcast on CNBC's "Squawk Box" that was recorded Thursday.
Donald Trump has threatened to hit all imports from China with high tariffs. On Thursday, automakers and vehicle-making nations such as Mexico criticized the administration's study into whether auto imports pose a risk to national security, which could lead to tariffs.
Trump nominated current Fed Chair Powell, who had served as a governor on the board of the USA central bank, to serve at its helm after Janet Yellen's retirement in February.
Trump said he was concerned about the potential impact on the USA economy and American corporate competitiveness from rising rates and a stronger dollar.
The president also praised Fed Chairman Jerome Powell as "a very good man".
Benchmark 10-year US notes last fell 12/32 in price to yield 2.8894 percent, from 2.847 percent late on Thursday.
"So somebody would say, 'Oh, maybe you shouldn't say that as president.' I couldn't care less what they say, because my views haven't changed", Trump said.
Many companies in the USA are opposed to the administration's use of tariffs against China, saying they risk hurting business and the economy without being likely to change behaviour.
The Fed has hiked interest rates twice this year and could jack the rate up twice more before year's end. When it came to interest rates, Nixon told his advisers "we'll take inflation if necessary, but we can't take unemployment".
Testifying before Congress on Tuesday, Powell cited "robust job gains" and an overall "solid pace of growth" as reasons for recent and future rate hikes.
With such a small military, it is hard to know what Trump was referring to when he called Montenegro's people "very aggressive". Montenegro's alliance with the United States remains "strong and permanent", the government added.
While Spain dominated the game, it was two crucial saves from Igor Akinfeev in the penalty shootout that mattered most in the end. The 34-year-old Barcelona midfielder came off the bench and nearly won the game with an 85th-minute shot well saved by Akinfeev.
Meanwhile, US streaming revenue amounted to US$1,893 million, compared to US$1,505 million during the same period past year . There seems to be a number of things at play, most of which could have negative impacts on the progress of Netflix .
They lost the 2016 Euro final 1-0 to Portugal at Stade de France with a roster that included nine holdovers on this year's team. Their playing style may not be attractive, but it was certainly effective and they have made their country very proud.
But Federer went toe to toe with his buoyant opponent in an epic fifth-set tussle until with the score 11-11 Anderson pounced. Djokovic is a three-time victor at Wimbledon , having won the title in 2011, 2014 and 2015. "I think that's not fair".
Target will counter Amazon's sales push with its own online deals that begin on Tuesday, touting them as no membership required. To keep with Amazon's prime day sale, Flipkart is also scheduled to host a sale starting from today onwards till July 19 .
The Federal Aviation Administration tweeted that Aviation Safety Inspectors arrived in Williamsburg at about 7:30 p.m. Fire crews spent Sunday night into Monday putting out the fire and hot spots that came as a result of the crash.
While the study represents an median view of coffee drinking habits, it is encouraging reading for lovers of the toasted bean. Overall, coffee drinkers were about 10 percent to 15 percent less likely to die than abstainers during a decade of follow-up.
Speakers, TVs, Kleenex in demand on Amazon Prime Day
The company says it gathered more members for the subscription service on July 16 than it has on any previous day in its history. In the late 1990s, two former Amazon employees - a husband and wife team - brought their Welsh corgi, Rufus, to work.
Papa John's to cut founder out from all branding
Several current Louisville football players expressed on Thursday a desire to have the name of the stadium changed as well. Papa John's latest controversy has begun to cost the brand relationships with baseball teams across the majors.
Heat wave kills 19 in eastern Canada
Stang says he doesn't fear having more frequent warnings will make people pay less attention to them. According to records, 106 people have died in Montreal due to heat since 2010.