Jun 15, 2018

China retaliates with equal tariffs on U.S. imports

Chinese President Xi Jinping. Photo: Naohiko Hatta-Pool/Getty Images

Despite President Trump's warning not to retaliate to the administration's new tariffs on Chinese goods, China's Commerce Ministry announced that the country will be implementing their own tariffs "of the same scale and the same strength" on U.S. imports in response to announcement.

Be smart, per Axios' Jonathan Swan: The $50 billion in tariffs the U.S. imposed on China is relatively minor, and Trump gave Chinese President Xi Jinping a major concession on ZTE. Xi made a personal request to Trump when it looked like ZTE could collapse as a result of U.S. actions, and the Trump administration gave the company effectively a slap on the wrist, allowing it to stay in business.

Key takeaways from the Ministry's statement:

  • China will immediately introduce taxation measures of the same scale and same strength immediately.
  • Previous trade agreements between China and the U.S. are “no longer valid.”
  • “We deeply regret that the United States has disregarded the consensus it has formed and is fickle, provoking a trade war.”
  • China wants other countries to do the same to the U.S. to “put an end to this outdated and regressive behavior.”
  • The U.S. has “damaging bilateral interests but also undermining the world trade order.”

Go deeper

Updated 1 hour ago - Politics & Policy

In photos: Protesters clash with police nationwide over George Floyd

Police officers grapple with protesters in Atlanta. Photo: Elijah Nouvelage/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd spread nationwide on Friday evening.

The big picture: Police responded in force in cities ranging from Atlanta to Des Moines, Houston to Detroit, Milwaukee to D.C. and Denver to Louisville. In Los Angeles, police declared a stretch of downtown off limits, with Oakland issuing a similar warning.

Updated 1 hour ago - Politics & Policy

Supreme Court sides with California on coronavirus worship service rules

The Supreme Court has ruled 5-4, with Chief Justice John Roberts joining the court's liberal justices, to reject a challenge to California's pandemic restrictions on worship services.

Why it matters: This is a setback for those seeking to speed the reopening of houses of worship, including President Trump.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 5,923,432— Total deaths: 364,836 — Total recoveries — 2,493,434Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 1,745,930 — Total deaths: 102,808 — Total recoveries: 406,446 — Total tested: 16,099,515Map.
  3. Public health: Hydroxychloroquine prescription fills exploded in March —How the U.S. might distribute a vaccine.
  4. 2020: North Carolina asks RNC if convention will honor Trump's wish for no masks or social distancing.
  5. Business: Fed chair Powell says coronavirus is "great increaser" of income inequality.
  6. 1 sports thing: NCAA outlines plan to get athletes back to campus.