Connect with us

Latest News

US delays tariffs on some Chinese goods, drops others

News sent the Dow Jones Industrial Average up more than 460 points in midmorning trading. The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The Office of the US Trade…

US delays tariffs on some Chinese goods, drops others

News sent the Dow Jones Industrial Average up more than 460 points in midmorning trading.

The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street.

The Office of the US Trade Representative said Tuesday that it is still planning to go ahead with 10% tariffs on about $300 billion in Chinese imports, extending the import taxes on just about everything China ships to the United States in a dispute over Beijing’s aggressive trade policies. Most of the levies are scheduled to kick in Sept. 1

But the agency says it would delay the tariffs to December 15 on some goods, including cellphones, laptop computers, video game consoles, some toys, computer monitors, shoes and clothing. And it’s removing other items from the list based “on health, safety, national security and other factors.”

The news sent the Dow Jones Industrial Average up more than 460 points in midmorning trading. Shares of Apple, Mattel and shoe brand Steve Madden shot up on the news.

Separately, China’s Ministry of Commerce reported that top Chinese negotiators spoke by phone with their US counterparts, Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, and plan to talk again in two weeks.

Together, the developments revived optimism that the world’s two biggest economies can make progress toward resolving a trade dispute that has rattled financial markets for more than a year and clouded prospects for the global economy.

The US and China are fighting over American allegations that Beijing steals trade secrets and forces foreign companies to hand over technology. The tactics are part of China’s drive to become a world leader in advanced technologies such as artificial intelligence and electric cars.

ERROR: Macro /ads/dfp-ad-article-new is missing!

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*

code

Latest News

Schools in Dubai close early because of heavy rain

Schools have sent messages to parents. Some schools in Dubai are dispersing early after heavy rain resulted in water logging on few roads, and caused heavy traffic for rush-hour commuters. Schools have communicated to parents that children will be sent home early. Khaleej Times has seen messages from Gems Winchester School – Dubai, Gems Our…

Schools in Dubai close early because of heavy rain

Schools have sent messages to parents.

Some schools in Dubai are dispersing early after heavy rain resulted in water logging on few roads, and caused heavy traffic for rush-hour commuters.

Schools have communicated to parents that children will be sent home early.

Khaleej Times has seen messages from Gems Winchester School – Dubai, Gems Our Own Indian School, and Dubai Scholars school.

“Dear Parent, Please be informed that WIN Bus will depart early from school at 12.10pm due to Rain. Please make arrangements for your child to be picked up at the drop off point-STS,” a message from Gems Winchester said.

“Early dispersal today – FS1 and FS2 buses will leave at 9.30am and Year 1 to 11 will leave at 11am,” Dubai Scholars said.

Continue Reading

Latest News

Flights delayed due to waterlogging at Dubai airport

Passengers urged to check flight status on website. Several inbound and outbound flights at Dubai International Airport (DXB) were delayed on Wednesday morning due to water logging in some parts of the airport brought about by heavy rains. “Dubai International (DXB) is experiencing operational disruption and water logging in some parts of the facility due…

Flights delayed due to waterlogging at Dubai airport

Passengers urged to check flight status on website.

Several inbound and outbound flights at Dubai International Airport (DXB) were delayed on Wednesday morning due to water logging in some parts of the airport brought about by heavy rains.

“Dubai International (DXB) is experiencing operational disruption and water logging in some parts of the facility due to the heavy rains this morning,” a DXB spokesperson confirmed to Khaleej Times.
“We urge customers to check for updated flight information on our website www.dubaiairports.ae or websites of their respective airlines. The safety and comfort of our passengers is our top priority and Dubai Airports is working with service partners at DXB to normalise operations and minimise inconvenience to our customers,” the spokesperson added.

Customers can also call flight information on +971 4 2166666 to get updates.
The UAE woke up to a wet Wednesday morning as many parts of the country were drenched by rains of varying degrees.

angel@khaleejtimes.com

 

Angel Tesorero

Continue Reading

Latest News

Video: UAE police offer tips to drive safely during rainy conditions

Drivers advised to avoid speeding and overtaking other vehicles. Due to the rains that hit several parts of UAE on Tuesday morning, many commuters found themselves stuck in traffic.  The authorities have taken all necessary measures to streamline traffic during the unstable weather conditions, but appealed to motorists to leave for work early to avoid…

Video: UAE police offer tips to drive safely during rainy conditions

Drivers advised to avoid speeding and overtaking other vehicles.

Due to the rains that hit several parts of UAE on Tuesday morning, many commuters found themselves stuck in traffic. 

The authorities have taken all necessary measures to streamline traffic during the unstable weather conditions, but appealed to motorists to leave for work early to avoid congestion on roads.
“Drivers are being urged to exercise caution during unsettled weather conditions,” Dubai Police told the motorists.

#Attention | Drivers are being urged to exercise caution during unsettled weather conditions.
– Dubai Police???? ??? (@DubaiPoliceHQ) December 10, 2019

The Sharjah Police has also urged motorists to be cautious when driving in rainy conditions and abide by the safety instructions and regulation to avoid any accidents.

The police also took to Twitter to share tips on how to drive safely during the current unstable weather.

#????? pic.twitter.com/gLfaSGsc3c
– ???? ??????? (@ShjPolice) December 10, 2019

Continue Reading