President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
The 10 percent duties will take effect September 1, and come on top of the 25 percent tariffs on $250 billion in imports — meaning Trump now has targeted virtually all of the $500 billion in goods America buys from China every year.
Trump said on Twitter that Beijing had agreed “to buy agricultural product from the US in large quantities but did not do so.”
“Additionally, my friend President Xi said that he would stop the sale of fentanyl to the United States — this never happened, and many Americans continue to die!” Trump said, referring to the highly potent and addictive opioid.
After resuming face-to-face talks in Shanghai this week, trade negotiators were set reconvene in Washington in early September for another round of discussions, just after the new tariffs are put in place.
Wall Street dove into the red following Trump’s announcement, with the Dow Jones Industrial Average down 0.6 percent toward 1800 GMT.
Even so, Trump seemed upbeat: “We look forward to continuing our positive dialogue with China on a comprehensive Trade Deal, and feel that the future between our two countries will be a very bright one!”
US-China trade talks this year have alternated between progress and disaster, appearing to collapse in May only to be revived two months later after a meeting in Japan between Trump and Xi Jinping, his Chinese counterpart.
American officials accused Beijing of reneging on core commitments they had previously made during the talks.
Economists say the trade war has increasingly undermined the global manufacturing sector and sapped business sentiment, threatening the global economy at a time when it is already on the wane.
Trump ‘knows he’s losing’ – but can’t entirely fire Brad Parscale because ‘he knows too much’: report
President Trump demoted his campaign manager Brad Parscale as new polling shows him losing in five swing states. According to an analysis from Axios, it's a significant development because it signifies that Trump knows that he's losing.
Parscale played a large role in Trump's 2016 win as the architect of his digital strategy. According to Axios' report, there's a reason that Parscale will remain on Team Trump despite his demotion.
"Trump really can't fire Brad: He knows too much, and he built the digital infrastructure the campaign relies on," Axios states.
As Axios points out, Bill Stepien, a Trump loyalist and longtime GOP operative, will be taking Parscale's place. "Stepien worked on Trump's 2016 campaign, then was White House political director before moving to the campaign."
Anti-maskers bombard Marco Rubio with rage after he debunks their conspiracy theories
Sen. Marco Rubio (R-FL) on Thursday did his best to debunk false claims about face masks being made by conspiracy theorists -- but he wound up getting bombarded by angry anti-maskers anyway.
In a tweet posted in the morning, Rubio declared that "mask wearing isn’t some novel idea they came up with to control us," referring to a popular refrain among conspiracy theorists that masks are the New World Order's way of asserting dominance over a pliant population.
He went on to say that "surgeons, nurses and dentists have used them forever to protect patients and themselves," and then asked his followers rhetorically, "If it doesn’t work, what’s the harm?" and "And if it has a 10% chance of getting us back to school,sports and life why not do it?"
Video shows Portland police violently tackling bicycle rider in protest zone
Police in Portland, Oregon were seen this week tackling a protester who was riding a bicycle.
Video of the incident was shared on Twitter on Thursday.
The video, which was posted by KATU's Dan McCarthy, shows three officers running toward the cyclist as he rides near Lownsdale Square. One officer uses his body as a projectile, knocking the man off the bicycle.
According to McCarthy, the protester was arrested. Details of the arrest were not immediately available.
The incident comes as police cleared protesters in Lownsdale Square Park and Chapman Square. At least five arrests were made during the action, McCarthy said.