China hikes tariffs on US soybeans, electric cars, fish BEIJING — China fired back Saturday in a spiraling trade dispute with President Donald Trump by raising import duties on a $34 billion list of American goods including soybeans, electric cars and whiskey. The government said it was responding in "equal scale" to Trump's tariff hike on Chinese goods in a conflict over Beijing's trade surplus and technology policy that companies worry could quickly escalate and chill global economic growth. China "doesn't want a trade war" but has to "fight back strongly," said a Commerce Ministry statement. It said Beijing also was scrapping agreements to narrow its multibillion-dollar trade surplus with the United States by purchasing more American farm goods, natural gas and other products. The United States and China have the world's biggest trading relationship but official ties are increasingly strained over complaints Beijing's industry development tactics … [Read more...] about China hikes tariffs on US soybeans, electric cars, fish
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source Skye Gould/Business Insider President Donald Trump announced he was replacing Secretary of Veterans Affairs David Shulkin with White House doctor Ronny Jackson in a tweet on Wednesday, adding to a series of high-profile exits from the White House in recent weeks. The administration has been rocked by high-profile departures – including Reince Priebus as chief of staff and James Comey as FBI director – since Trump took office in January 2017. Here are the top-level people who’ve either been fired or resigned from the administration and why they left: David Shulkin Trump on Wednesday announced he is replacing embattled VA Secretary David Shulkin with Ronny Jackson, the White House physician. “I am pleased to announce that I intend to nominate highly respected Admiral Ronny L. Jackson, MD, as the new Secretary of Veterans Affairs,” Trump tweeted, adding in a second tweet, “In the interim, Hon. Robert Wilkie of DOD will … [Read more...] about VA Secretary Shulkin is out — here are all the casualties of the Trump administration so far
GEORGE TOWN: The Penang High Court yesterday was notified that the commercial market value for Chief Minister Lim Guan Eng's personal bungalow in Jalan Pinhorn here was RM2.5million back in 2008. A prosecution witness - a realty director from Henry Butcher Sdn Bhd, Dr Teoh Poh Huat, told the court that the sale value of the unit was pegged around RM1.85million while fire insurance was at RM600,000. In his written statement, he said the valuation of the value was reasonable after considering the prices of property in the neighbourhood. He said this comes as the company received an application from a bank to prepare a valuation report on the bungalow on Nov 21, 2008. He informed the court that the report was meant for credit security purposes which the landlady Phang Li Koon had earlier sought from the bank. Teoh testified before High Court Judge Datuk Hadhariah Syed Ismail who is the presiding trial judge here. Lim and his co-defendant - Phang were both charged by the Malaysian Anti - … [Read more...] about Lim Guan Eng’s personal bungalow was RM2.5million back in 2008.