China's tariff retaliation to hit U.S. apple industry

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Cabaldon's office said his remarks still stand.

A U.S. Navy destroyer also carried out a "freedom of navigation" operation on Friday, coming within 12 nautical miles of an artificial island built by China in the South China Sea, U.S. officials told Reuters, a move likely to further anger Beijing.

It asked China in a letter last week to cut the tariff on USA autos, buy more US -made semiconductors and give USA firms greater access to the Chinese financial sector, the Wall Street Journal reported yesterday, citing unnamed sources. "For every dollar of goods that the USA exports to China, it brings four dollars of goods back the other way".

The US trade representative (USTR) filed a request for consultations with China at the WTO to address Beijing's unfair technology practices, according to the Trump administration, The Hill reported. Facial recognition firms in China attracted $1.64 billion in 45 deals past year.

In the BMO digest, senior economist Robert Kavcic says that trade rhetoric "takes some shine off a fundamentally strong environment for [U.S.] earnings growth", which has recently been accelerating because of top-line demand, as opposed to share buybacks and cost cutting. "No one wins in a trade war".

The comments by the China Iron & Steel Association (CISA) came after the European Union initiated a probe on Monday into imported steel in response to the US tariffs, anxious that steel manufacturers subject to the tariffs may divert their products to Europe.

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A Canadian woman who was reported missing earlier this week said she was never missing, but had been with a "male friend". A woman was filmed receiving lashes from her husband after it was learned that she had eloped with her lover.

US soybean growers want to maintain strong relationships, which are especially important during times like this, said Lindsay Greiner, president-elect of the Iowa Soybean Association and a farmer near Keota in eastern Iowa.

China has yet to say how it might respond to Trump's approval Thursday of possible higher duties on $60 billion of Chinese goods in response to complaints Beijing of stealing or improperly pressuring foreign companies to hand over technology.

The world's second largest economy, China was listed 78th of 190 major destinations covered by the Doing Business 2018 report, which measures the ease of doing business based on a series of measurements including gaining construction permits, getting electricity connected, registering property, paying tax and enforcing contracts.

The retaliatory plan to slap tariffs on U.S. aluminum scrap and some steel products may boost American supplies, lowering raw-material prices, says Zaner Group LLC's Peter Thomas. These U.S. goods had an import value of $3 billion in 2017, which is only a fraction of the value of the Chinese products on which the Trump administration plans to impose levies.

Chinese Foreign Ministry spokesperson Hua Chunying said she was unaware of the situation.

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