The paper, citing people familiar with the plans, also said that the USA will block more technology exports to China. He warned that Beijing had an "enormous array of tools to put pressure on American companies" like Apple and GM, companies that really depend on China. Katainen urged China to tackle overcapacity in its steel, aluminum, and other sectors including technology, the European Union said in a statement.
"The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A". The Dow Jones Industrial Average ended the day down 1.3 per cent, the ninth drop in the past 10 trading days.
Navarro seemed to contradict Mnuchin's statement, saying that the Section 301 investigation was focused on China and that Treasury's assessment due Friday "does not include any other countries".
Following reports from various media outlets on Monday that the US will further crack down on China's technology Treasury Secretary Steven Mnuchin took to Twitter to clarify what the administration's moves will be.
Trump urges Republican lawmakers to drop immigration…
According to Denis Valera, her father in Honduras, his daughter Yelena was with her mother in a detention centre in Texas. The administration is not ending its "zero tolerance" approach to border prosecutions.
A Chinese woman adjusts a Chinese national flag next to USA national flags before a Strategic Dialogue expanded meeting, part of the U.S.
"People are scared", said Wayne Kaufman, chief market analyst at Phoenix Financial Services in NY.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2018. Among some of the more notable declining stocks in Canada: Suncor Energy Inc. fell 3.5 per cent, National Bank of Canada fell 2.4 per cent and marijuana producer Canopy Growth Corp. fell 5 per cent.
The EU riposted last week against emblematic American exports in response to USA tariffs on steel and aluminium. The comments, made at a press briefing with European Commission Vice President Jyrki Katainen, come as both sides prepared to face off against US President Donald Trump's tariff threats.
Trump Threatens Another $200 Billion in Chinese Tariffs as US Stocks Plunge
That's 90 percent of everything China exports to the USA , from electronics, clothing, toys, tools, you name it. That would leave about $120-billion available for a tariff hike, falling short of Trump's $200-billion target.
USA and Canadian stocks suffered their worst one-day decline in several months on Monday, amid rising global trade tensions and their potential impact on the world economy.
Bloomberg updated the article after the tweet to note, despite the Treasury secretary's insistence that China was not the target of the investment curbs, the president's memorandum ordering him to draft the limits specifically cited China.
The administration could expand existing authorities for the Committee on Foreign Investment in the United States, or CFIUS, which is led by the Treasury and which already has blocked some Chinese investments in ports and semiconductors.
Earlier policymakers in China moved quickly to temper any potential impact on economic growth from Beijing's trade dispute with the United States.
South Korea, US suspend major military exercise
In its first remarks on the land mines, North Korea argued that South Korea fabricated evidences to put the blame on the North. A week later Seoul and Washington announced that planning for August's Ulchi Freedom Guardian (UFG) exercise would be halted.