North American stocks fall amid U.S.-China tariff threats, loonie lower

Tim Cook meets with Apple Store employees in China

China has said it would slap a 25 percent tariff on imports of US crude, natural gas and coal on July 6 if Washington went ahead, as planned, with its own tariffs on Chinese goods that day.

Gary C. Evans, chief executive of shale producer Energy Hunter Resources, called the tariffs "a lot of saber rattling" that will not hurt exports of USA crude oil or liquefied natural gas, the latter a fuel that China has not included on its list of products facing a tariff.

China is vowing to "fight back firmly" if the United States makes good on President Donald Trump's latest tariff threats. On Monday, Trump responded with another round of tariffs.

Baker says that if China were really determined to strike back at the United States, it would employ what he describes as the "nuclear option" of totally disregarding American companies' intellectual property rights.

"Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong", he said.

Friday, Trump announced a 25 percent tariff on $50 billion worth of Chinese goods.

Trump's threat of placing tariffs on Chinese products is close to hitting the ceiling, noted Politico senior trade reporter Doug Palmer in an article published late Monday.

Li said if Washington slapped 15 per cent tariffs on all imports from China, and Beijing did the same on products from the U.S., combined with non-tariff barriers that would reduce the country's growth by 1 percentage point.

Given the imbalance in American and Chinese trade, Beijing has a more limited set of options for adding to its list of tariffs.

Analysts warned that the risks are growing of an increasingly damaging clash that will ripple around the globe.

Harry Kane stirs social media with second goal
We created a lot of clear-cut chances in the first half, as many as I remember, and have to be more ruthless with those. England's Harry Kane celebrates scoring his team's second and game-winning goal.

‘Modern Family’ producer threatens to leave Fox’s TV studio
Last November, he switched agencies from WME to CAA, as he started negotiations on a potential new overall deal with Fox TV. Paul Feig , who directed 20th Century Fox's " Spy " and " The Heat ", also expressed his outrage over Fox News' coverage.

Meghan 'cried' about her father missing wedding, Thomas Markle says
The Duchess of Sussex's dad has spoken for the first time since Meghan tied the knot with Prince Harry last May. Meanwhile, Harry also talked to Thomas Markle about Brexit - the United Kingdom leaving the European Union.

Beijing: Beijing on Tuesday accused Donald Trump of "blackmail" and warned it would retaliate in kind after the USA president threatened to impose fresh tariffs on Chinese goods, pushing the world's two biggest economies closer to a trade war.

A scenario in which Trump imposed a heavy 45 per cent tariff on all Chinese products would knock 1.09 percentage points off the country's growth and wipe out 7.6 million jobs. A punitive duty the Trump administration applied to lumber imports from Canada has raised the price of a new home by $9,000, according to the National Association of Home Builders.

"Dairy", Trump said. "Dairy, 275 per cent tariff".

Commodities have also suffered because of the rising US dollar following the Federal Reserve's decision to raise rates last week, he said.

Travel services accounted for nearly two-thirds of US services exports to China in 2015, according to the US International Trade Commission.

"If the US becomes irrational and issues this list, China will have no choice but to adopt strong countermeasures of the same amount and quality", the Chinese Commerce Ministry said. Concerns about a trade war between the US and China have limited the momentum behind the recovery attempt. The yield on the US 10-year Treasury fell to 2.89 percent from 2.92 percent. How many tariffs are there now?

Trump said he hoped the USA could work out a trade agreement with Canada, saying the two countries had a good relationship but that Americans were being taken advantage of.

Chinese stocks recorded their steepest falls since the trade dispute started on Tuesday.

They argued that this makes it hard for China to continue to retaliate to Trump's actions.

Related news:

Hot News

isis-killer-beheading-video-story-top Ahmed Musa Stars As Nigeria Claim First Victory
Jun 22, 2018 - 23:14
If Iceland win their match agianst Croatia , Argentina will go through only if they have a better goal difference than Iceland . Iceland , the smallest country ever to play in a World Cup, were roared on by their travelling army of their fans.

isis-killer-beheading-video-story-top European Union says it will start to impose tariffs on United States on Friday
Jun 22, 2018 - 20:56
Canada was next at 22 percent, followed by Japan (21 percent), Germany (11 percent) and South Korea (8 percent). It's reported that Trump said the tax would be upheld until Fifth Avenue was devoid of Mercedes models.

isis-killer-beheading-video-story-top World Cup match report Uruguay v Saudi Arabia 20 June 2018
Jun 21, 2018 - 05:26
Luis Suarez made history for Uruguay as he inspired his country to a 1-0 victory over Saudi Arabia in their World Cup Group A clash.

isis-killer-beheading-video-story-top Washington and Seoul Cancel August Military Exercise
Jun 21, 2018 - 05:19
The United States and South Korea suspended plans to conduct defensive military exercises scheduled for August, the U.S. Recently talks have taken place on inter-Korean sporting initiatives and military affairs.

isis-killer-beheading-video-story-top Cavaliers want to keop Kevin Love next season
Jun 21, 2018 - 05:00
All of this information is certainly exciting, however, keep in mind that LeBron has in no way made his decision yet. I was talking with my Dad when we mentioned the possibility of how Golden State can get better this off season.

isis-killer-beheading-video-story-top Hector Cuper uncertain over Egypt future after loss to Russian Federation
Jun 20, 2018 - 04:44
Meanwhile, Russia manager Stanislav Cherchesov dismissed suggestions that his side would target Salah should he play in the crucial tie tonight.

President Trump Argues There's No Alternative to Family Separation Policy
Jun 20, 2018 - 04:42
Before, if you were caught crossing the border illegally and you had children with you, you might not have gone to jail. The church said the move was approved by 600 of its clergy and laity.

isis-killer-beheading-video-story-top England's first World Cup game attracts record viewing figures
Jun 20, 2018 - 04:08
But Morgan still insisted the performance was "less than exceptional" and said admitting it was a "lucky win" would be a "more honest critique".

isis-killer-beheading-video-story-top Did Beyoncé Start the Countdown to 'Everything Is Love' at Coachella?
Jun 20, 2018 - 04:05
The video has everything: Queen B with her backup dancers, Bey and Jay looking insane in love, and fabulous art. News of the sudden drop sent fans into hysteria and they've been talking about little else on Twitter since.

isis-killer-beheading-video-story-top Explosion reported at London Tube station
Jun 20, 2018 - 03:53
Trains are now not stopping at Southgate Tube station due to concerns over the suspicious package. Emergency services arrived at the station just after 7pm following reports of a small explosion.

isis-killer-beheading-video-story-top Egypt 0 Uruguay 1: Gimenez Winner Spares Suarez's Blushes
Jun 20, 2018 - 03:29
The ball found its way to Luis Suarez at the back post but he screwed his shot tamely into the side netting. Two saves from Suarez and a powerful volley from Cavani earned him Man of the Match award after the game.

isis-killer-beheading-video-story-top Magnitude 6.1 quake in Japan's Osaka area kills three
Jun 18, 2018 - 20:03
Defense troops joined rescue and relief operations in parts of Osaka, along with special vehicles to deliver clean drinking water. The quake struck at 8:00 am, as platforms would have been heaving with passengers waiting to board their commuter trains to work.

isis-killer-beheading-video-story-top Former Oregon player Leiato killed in vehicle crash
Jun 18, 2018 - 19:32
The 21-year-old Leiato was dismissed from the program in May after his second arrest in four months, according to ESPN. A memorial for former Ducks Linebacker Fotu Leiato is growing at the sight of the crash, near Autzen Stadium.

isis-killer-beheading-video-story-top Valley fans celebrate historic Mexico-Germany soccer match
Jun 18, 2018 - 19:23
And if they finish runners-up in Group F, Germany could be on course to face Brazil in a daunting second-round match-up. Whenever they have won the World Cup , they have always brought a transformational change in football.

isis-killer-beheading-video-story-top VW to Pick Schot as Audi Interim Chief After CEO Arrest
Jun 18, 2018 - 19:18
He was named a suspect by the Munich prosecutor's office alongside an unnamed member of Audi's board of management. The devices were initially found in VW's cars, but its Audi subsidiary has also been embroiled in the scandal.