Us tariffs
Airbus 'deeply regrets' US tariff increase
Friday's decision to hike tariffs to 15% from March 18 'further escalates trade tensions between the US and the EU', the company said in a statement.
The additional 15% tariffs, affecting a portion of the $300 billion in goods from the Asian giant that so far has been spared, took effect at 04H01 GMT, according to the US Trade Representative's office.
In May, the company was added to the so-called Entity List, which bans American firms from selling to it without special permission, as punishment for actions against US national security interests.
The meeting kicked off in a positive tone, with Trump saying: "It would be historic if we could do a fair trade deal... We are totally open to it."
Trump, who campaigned under the slogan "America First", announces tariffs of 25% on steel imports and 10% on aluminium from a number of countries in a bid to slash the huge US trade deficit.
China threatened in late May to unveil its own unprecedented hit-list of “unreliable” foreign firms, groups and individuals that harm the interests of Chinese companies.
Alphabet Inc’s Google has earlier said it would no longer provide Android software for Huawei phones after a 90-day reprieve granted by the US government expires in August.
Higher tariffs will start at 5% on June 10 and increase monthly until reaching 25% on 1 October, unless Mexico takes immediate action, he said.
Trump increased tariffs on $200 billion worth of Chinese imports to 25% from 10% earlier this month.
The extent to which Huawei will be hurt by the US government’s blacklist is not yet known as its global supply chain assesses the impact.
The US crackdown, announced on Wednesday, was the latest shot fired in a US-China trade war that is rattling financial markets and threatening to derail a slowing global economy.
Chinese Foreign Ministry spokeswoman Hua Chunying made the comment in an online statement responding to remarks made by US Vice President Mike Pence.
Pence warned Saturday that US sanctions and pressure on China would remain in place until Beijing reforms its trade practices.
Trade and Industry Minister Rob Davies wrote submissions to the US arguing that South Africa should be exempt from the tariff hikes due to the impact it could have on local jobs.
African swine fever has spread rapidly in eastern Europe and China, the world’s largest pork producer, where new cases are appearing and the disease is traveling far distances.
The IMF's baseline forecast for the global economy is 3.7% growth in 2018, 2019 and 2020.
Tehran had argued that the US sanctions imposed since May by the Trump administration violated the terms their 1955 Treaty of Amity.
The official, who is involved in China policy and spoke on condition of anonymity, said it was not clear if or when the meeting would be rescheduled.
Larry Kudlow told Fox Business Network that US Treasury Secretary Steven Mnuchin had sent an invitation to senior Chinese officials, but he declined to provide further details.