Prince Harry said he didn’t walk away from his royal duties, in an appearance on The Late, Late Show with James Corden that aired early Friday.
Harry and his wife, Meghan Markle, stepped away from full-time royal life in early 2020. Buckingham Palace confirmed last Friday they will not be returning to royal duties, and Harry will give up his honorary military titles.
Harry told Corden he decided to step away from his work as a front-line member of the royal family to protect his wife and son, as well as his own mental health.
“It was stepping back rather than stepping down,” he said. “It was a really difficult environment, which I think a lot of people saw, so I did what any father or husband would do and thought, how do I get my family out of here? But we never walked away, and as far as I’m concerned, whatever decisions are made on that side, I will never walk away.”
Harry and Meghan moved from England to California last year.
The appearance on Corden’s show marked Harry’s first interview since his grandmother, Queen Elizabeth, stripped the prince and his wife of their remaining royal duties. Corden’s segment trumped Oprah Winfrey, whose interview with the Duke and Duchess of Sussex is scheduled to air March 7.
During the segment, Harry and Corden tour southern California in an open-top bus, at one point arriving outside the mansion where the 1990s sitcom The Fresh Prince of Bel-Air was filmed.
“If it was good enough for the Fresh Prince, it’s good enough for a real prince,” Corden said.
The two then proceed to sing the show’s iconic theme song.
Views on The Crown
At one point, Corden asks Harry what he thinks of the Netflix series The Crown, which delves into the personal lives and public actions of the Royal Family. At times, the show has been criticized for its depictions of real people.
“Of course it’s not strictly accurate,” Harry said, “but loosely … it gives you a rough idea about what that lifestyle, what the pressures of putting duty and service above family and everyone else, what can come from that.”
But he noted, “I’m way more comfortable with The Crown than I am seeing the [media] stories written about my family or my wife or myself.”
Montreal’s Felix Auger-Aliassime was ousted in first-round action of the Paris Masters tennis tournament on Monday, losing 6-0, 3-6, 6-3 to Croatian veteran Marin Cilic.
Auger-Aliassime, seeded 14th at the final ATP Masters 1000 tournament of the season, struggled with his serve for much of the match. He was accurate on just 59 per cent of his first-serve attempts, and he earned a point just 58 per cent of the time when he did get it in. He was good on just 44 per cent of his second serve points.
Cilic, known for his big serve, had 14 aces compared to eight for Auger-Aliassime. He also had some trouble with accuracy however, landing 62 per cent of first serves. He won 71 per cent of first serve points and 47 per cent of second serve points. Both players committed four double-faults.
Cilic was the more opportunistic of the two players, converting five of his 13 break point chances while saving seven of the nine he faced.
WATCH | Felix Auger-Aliassime sent packing in 1st round:
Montreal’s Felix Auger-Aliassime falls to Croatian veteran Marin Cilic 6-0, 3-6, 6-3 in 1st round of Paris Masters. 2:46
The Croatian, who will next face French wild-card Corentin Moutet, has won both of his career meetings with Auger-Aliassime.
Tenth-seed Milos Raonic of Thornhill, Ont., a finalist at the event in 2014, was set to face Slovenia’s Aljaz Bedene in a first-round match Tuesday.
Earlier, 15th-seed Borna Coric advanced to the second round beating qualifier Marton Fucsovics 7-6 (5), 6-1.
Victorious Coric ‘serving huge’
The Croatian won 35 of his 48 first-service points at the indoor tournament and will next face Jordan Thompson of Australia.
“It was not an easy match and every time we have played it’s been very tough,” Coric said. “I played one bad game at 2-1 in the first set, when I missed two first serves, but pretty much the rest of the time I was serving huge.”
Coric recently reached the final at the St. Petersburg Open for the second year in a row.
Thompson defeated qualifier Federico Delbonis of Argentina 6-2, 6-3.
Also, Spanish veteran Feliciano Lopez progressed to the second round with a 7-6 (11), 6-1 win over Filip Krajinovic of Serbia and will be up against Rafael Nadal in his next match.
Salisbury bows out due to virus concern
Following his record-extending 13th title at Roland Garros last month, Nadal is back in Paris looking for a maiden win at the Paris Masters, the final Masters event of the season. Nadal can tie Novak Djokovic’s record if he wins his 36th Masters title at the end of this week.
The tournament is being held without fans because of lockdown measures implemented in France to slow down the spread of the coronavirus.
The ATP said British doubles player Joe Salisbury was withdrawn from the tournament after a “sustained close contact” with a COVID-19 case.
Both the “credentialed individual” and Salisbury have been placed in isolation, the ATP said.
Edmonton’s downtown arena could be home to a special brand of playoff hockey this summer— a Stanley Cup run that would see players quarantined and the stands remain empty.
With Edmonton expected to be named as a hub city for the National Hockey League’s resumption of play, hockey fans in the capital city are buzzing with anticipation about what might lie ahead.
Speculation surrounding a pending announcement began swirling on Wednesday with numerous sports news agencies reporting that Edmonton and Toronto will host the 2020 NHL playoffs.
Vancouver, Chicago, Columbus, Dallas, Las Vegas, Los Angeles, Pittsburgh, and Minneapolis have also been vying for the chance to host.
A formal announcement has not been made — and CBC has not independently confirmed the reports — but TSN and Sportsnet are both reporting the news. Officials with the Edmonton Oilers declined to comment on Wednesday.
Terry Jones, a sports columnist with Postmedia, said Edmonton is the obvious choice. Rogers Place is large and well-equipped to keep players safely isolated.
“I’ve been championing this from the beginning,” Jones said in an interview Wednesday.
“Edmonton is the only city involved that checks all the boxes. It has more and better dressing rooms, it has enclosed practice rinks. It has an arena with a five-star hotel across the road that can hold all the teams for the first round, with a pedway.
“The players could be in the bubble all the time.”
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Edmonton wasn’t initially a front runner in the bid, Jones said, but a sudden escalation of COVID-19 cases in the United States has made Canadian markets more attractive.
“Las Vegas, a pretty sexy city, was virtually a lock,” Jones said.
“When they allowed the casinos to open again, [COVID-19] just went skyrocketing again, along with so many of the other American places. There were so many positive tests with hotel personnel, Las Vegas just played itself right out of the game.
“In the United States, there was nowhere safe left to go and there were just two Canadian cities left standing.”
In the United States, there was nowhere safe left to go and there were just two Canadian cities left standing.-Terry Jones
Jones said questions remain about how the NHL will handle possible outbreaks among its players during the playoffs. Any plan would need to be fully ratified by players, Jones said.
“The players clearly want to play but there is lots of stuff that still needs to be done,” he said.
Mayor Don Iveson was not available for an interview on Wednesday but earlier this week said Edmonton would be well-suited to host. The number of COVID-19 cases in the city has remained relatively low, unlike some potential markets in the United States, he said.
“It’s an exciting prospect but it’s hard to comment on speculation or rumour at this point,” Iveson said during a Tuesday news conference at city hall.
“We’re not often united between Toronto and Edmonton, but if we’re all being good Canadians, it would be a great Canada Day reward to this country and to these cities for the work that our citizens have done to keep counts low.”
The Public Health Agency of Canada and public health authorities in Toronto and Edmonton have given their approval of the NHL’s plan to keep players separate from the general public.
Called a cohort quarantine, it would allow players to bypass the traditional 14-day self-isolation for anyone entering Canada.
The NHL plans to start training camps for the 24 playoff teams on July 10 and hopes to resume play later in the summer.
Games would be played before empty arenas and players would be kept separate from the public.
In a statement to CBC News, Alberta Health Services said it is prepared for the possibility of playoff hockey. Health protocols were developed earlier this spring by Chief Medical Officer of Health Dr. Deena Hinshaw.
“In May, Dr. Hinshaw announced that Alberta Health had developed guidelines for professional sporting tournaments that would allow Edmonton to be considered for a hub city for the NHL playoffs while still protecting Albertans,” the statement said.
“These guidelines were developed to support players, NHL staff, media personnel and Albertans to stay healthy and safe during such an event.
“If Edmonton is chosen, health officials will work with all applicable partners to ensure the guidance is followed to the letter and to protect the public.”
One tell-all book from a disgruntled, score-settling former aide will likely not rattle Donald Trump’s base of stalwart supporters.
The base might brush off John Bolton’s forthcoming book, The Room Where It Happened. It might vilify the former national security adviser, call him a liar or, conversely, suggest he be charged for leaking state secrets.
Streams of ink and star clusters of pixels have been devoted to media tales about the unwavering allegiance of the U.S. president’s unshakeable base. But there’s just one problem for Trump: there aren’t enough of those supporters to guarantee his re-election in November. He needs swing voters.
And this book, due to be published June 23, from a former insider delivers a few paper cuts to a campaign that’s already begun bleeding support among those critical voters.
Trump is nearly 10 percentage points behind Democratic presidential candidate Joe Biden in the latest national polls, and a key reason seems to be the souring mood among a small cohort of past Republican voters.
That’s compounded by his dismal score among centrist voters. In one example among many, one poll this week showed a 27-point gap between Trump and Biden among self-described moderates.
One disenchanted Republican who happened to work with Bolton in George W. Bush’s White House said this book alone isn’t a problem for Trump.
‘You can make an ad out of that’
What it does do, Canadian-American writer David Frum said in an interview, is add to a treasure trove of material for attack ads aimed at swing voters.
The new damaging comments will, he said, compound ones made by other former Trump aides, including John Kelly, James Mattis and Rex Tillerson, who served as chief of staff, defence secretary and secretary of state, respectively.
“You can make an ad out of that,” said Frum, an unsparing critic of the current president who wrote a book, Trumpocalypse, about ideas for renewing U.S. democracy in a post-Trump era.
“What the people who are [less-committed voters] will hear is Trump’s former secretary of state Rex Tillerson called him a … moron. Trump’s former secretary of defence James Mattis said the only member of our military [Trump] respects is Colonel Sanders. Trump’s former national security adviser John Bolton said that Trump asked the Chinese to help him win re-election….
“You put up the faces and the quotes, and you send a message to people who say, ‘I took a chance on him in 2016’ … It turns out everyone close to him in a national-security position thinks he’s dangerous and incompetent.”
The China angle
One part of the book, published in an excerpt in the Wall Street Journal on Wednesday, poses a particular political headache for Trump.
It involves China.
It’s almost impossible to overstate how central it is to Trump’s re-election message that he’s the China hawk in the election race.
Text messages are constantly going out to Trump supporters encouraging them to amplify specific China-related messages in their social-media feeds.
WATCH | The Room Where It Happened makes explosive allegations:
According to several U.S. media reports, John Bolton’s new book alleges that U.S. President Donald Trump is uninformed and all his decisions were made with the 2020 presidential election in mind. 2:00
They include China being responsible for COVID-19, Chinese trade being the source of problems for American workers, allegations that Biden, a former vice-president, is soft on China and that Biden’s son has questionable business connections in China.
Biden, who described the published details in the book as “morally repugnant,” now has an abundant supply of fresh material with which to counter-attack.
Allegations and denials
In the excerpt published this week, Bolton claims Trump personally asked China’s Xi Jinping to help him win re-election by buying more U.S. farm goods.
Bolton also alleges Trump encouraged the Chinese president to build concentration camps for members of the Uighur minority.
“At the opening dinner of the Osaka G-20 meeting in June 2019, with only interpreters present, Xi had explained to Trump why he was basically building concentration camps in Xinjiang. According to our interpreter, Trump said that Xi should go ahead with building the camps, which Trump thought was exactly the right thing to do,” Bolton writes.
Wendy Schiller, a political scientist at Brown University in Providence, R.I., said one reason is that a small slice of the electorate — no more than 10 per cent of voters representing fewer than 14 million people — is drifting away from Trump.
She said they tend to live in the suburbs or outer rings of growing metropolitan areas — places such as the research triangle in Raleigh, N.C., the wealthy outskirts of Philadelphia, or between Tucson and Phoenix in Arizona.
Many voted for Barack Obama, then Trump; others are longtime Republicans.
These voters will decide the election, says Schiller.
“What ties independent voters together is a sense of how well the government is running — for them,” she said.
“In 2016, there was a sense that the economy had not improved fast enough under Obama and an undercurrent of dislike for Hillary Clinton, especially among independent men….
“If the economy improves by October, independents might stick with Trump, but if they believe Biden will continue economic growth and run the government more smoothly, and calmly, than Trump will, they will switch their votes.”
Two polls this week show Trump with less support among Republicans than Biden has among Democrats.
Trump tried to re-energize some of the party faithful on Thursday with a new message.
After losing a second major Supreme Court case in a week, first on LGBT rights and then on rights for undocumented immigrants, he promised to make the nomination of judges a campaign issue like he did in 2016.
I will be releasing a new list of Conservative Supreme Court Justice nominees, which may include some, or many of those already on the list, by September 1, 2020. If given the opportunity, I will only choose from this list, as in the past, a Conservative Supreme Court Justice…
His aides, meanwhile, blasted Bolton as a war-monger with a habit of knifing colleagues and burning bridges in Washington.
“That’s the pattern,” Navarro said.
But Frum said it’s on Trump, not Bolton, that the president hired perhaps Washington’s most famous advocate of military interventionism and put him in charge of national security in a White House that opposes foreign military entanglements.
“There are just so many examples of people where Trump says, ‘I hired this person, and he turned out to be no good,'” Frum said.
“Here’s one of the best-known people in Washington, with a record going back to before the Reagan administration who’s written books and op-eds, hundreds of thousands of words … and you seem not to have been aware of any of that material.
“You just hired him because he was a familiar face from Fox News. And then you were surprised to discover that he wanted to take you in directions you didn’t want to go?
Frum’s own new book begins with a pastor, in March, describing churchgoers being willing to lick the floor to prove Trump’s claim the coronavirus wasn’t dangerous.
History shows, however, that it takes more than deeply devoted partisans to put a presidential campaign over the top.
Fresh Sprout brand fresh bean sprouts has been recalled due to possible salmonella contamination,” the Canadian Food Inspection Agency (CFIA) said.
The recalled product was distributed in Ontario.
The recall applies to Fresh Sprout International’s fresh bean sprouts 454 g 8 27468 00100 0 with best before date 2020 FEB 28.
The recall was triggered by Canadian Food Inspection Agency test results. Agency staff is conducting a food safety investigation, which may lead to the recall of other products.
CFIA said consumers should not consume the recalled product.
The agency further advised consumers:
If you think you became sick from consuming a recalled product, call your doctor.
Check to see if you have the recalled product in your home. Recalled products should be thrown out or returned to the store where they were purchased.
Food contaminated with Salmonella may not look or smell spoiled but can still make you sick. Young children, pregnant women, the elderly and people with weakened immune systems may contract serious and sometimes deadly infections. Healthy people may experience short-term symptoms such as fever, headache, vomiting, nausea, abdominal cramps and diarrhea. Long-term complications may include severe arthritis.
U.S. President Donald Trump on Tuesday took aim once again at the Federal Reserve for its interest rate policy in a highly anticipated speech that offered no fresh details on his administration’s long-running trade war with China.
With financial markets from frothy stocks to jittery bonds eager for word about the state of talks between Washington and Beijing, Trump instead bemoaned the fact that the United States has higher interest rates than other developed economies, and he took credit for the economy’s record-long expansion.
“Remember we are actively competing with nations that openly cut interest rates so that many are now actually getting paid when they pay off their loan, known as negative interest. Who ever heard of such a thing?” he told members of the Economic Club of New York.
“Give me some of that. Give me some of that money. I want some of that money. Our Federal Reserve doesn’t let us do it.”
The Fed has cut interest rates three times since July, but that followed a string of nine increases since late 2015. Trump has repeatedly railed against the Fed for not lowering rates even further.
His speech had been eagerly awaited on Wall Street, where signals that the White House and Beijing are nearing a trade deal that could go a long way toward dispelling the uncertainty dogging the global economy have helped U.S. stocks to record highs in recent days. The renewed optimism has also undercut the year’s big rally in safe assets like Treasury bonds.
Excerpts of the text of Trump’s prepared remarks, however, focused on the performance of the U.S. economy and labour market since he took office.
As Trump spoke, the benchmark Standard & Poor’s 500 Index edged down from the record high it had touched earlier in Tuesday’s trading session. It remained 0.25 per cent higher on the day.
As he often has, Trump pointed to the market’s run to a record as a validation of his economic and trade policies.
The S&P is up more than 36 per cent since Trump took office, though two-thirds of that gain occurred in his first year in the White House before his focus turned to trade and he began imposing tariffs on imports from China. Stocks have found the going far more choppy since the first wave of tariffs were imposed in 2018.
Bumpy state of play
President Donald Trump on Tuesday said the United States is close to signing a “phase one” trade deal with China, adding in his speech that he will only accept a deal if it is good for his country and U.S. workers.
The latest back-and-forth between Washington and Beijing illustrate the bumpy state of play. Last week, officials from both sides said they had a deal to roll back tariffs, only to have Trump deny any deal was agreed on.
It was Trump’s second appearance at the storied club, which has hosted U.S. presidents including Woodrow Wilson and John F. Kennedy, as well as foreign leaders like former Soviet President Mikhail Gorbachev and Chinese Premier Li. He previously addressed the organization in 2016 when running for president.
More than 1,350 people were expected to attend the lunchtime speech at a midtown Manhattan hotel, according to the club’s spokeswoman, Erin Klem. The club’s membership is a virtual who’s who of New York’s financial elite, and its trustees include John Williams, president of the Federal Reserve Bank of New York, and billionaire hedge fund investor John Paulson, one of Trump’s top financial backers.
Gregory Daco, chief U.S. economist at Oxford Economics, estimated the trade war had chopped about eight-tenths of a percentage point off U.S. growth. After starting the year with growth running at 3.1 per cent, output throttled back to 1.9 per cent in the third quarter, with weak business investment factoring heavily in the slowdown.
Daco questioned whether a limited trade deal with China would be enough to draw businesses back off the sidelines.
“Do you as a business make a decision that now the environment is clearer, there are less tariffs, so now you’re more likely to invest? Or, if after the last three years, you’re still more cautious and say ‘let’s wait this one out,'” Daco said. “I’d favor the latter.”
To date, Sony has kept pretty quiet about the PlayStation 5. Thanks to a new interview with PS5 system architect Mark Cerny, we can now confirm one detail — the machine will officially be known as the PlayStation 5. That’s not exactly unexpected, but given that companies occasionally like to toss a wrench in things, it’s nice to know. The launch date, as expected, is “Holidays 2020” — another expected-but-nice-to-have-confirmed data point.
The interview with Cerny, published in Wired, touches on an array of details rather than being a deep technical discussion. He confirms that the PlayStation 5 has hardware-level support for ray tracing, not some kind of software-only solution. It’s not clear why people thought there wasn’t; AMD has confirmed that hardware ray tracing is baked into its upcoming 2020 GPUs, and the feature is expected for consoles in at least some form (it isn’t clear yet what kind of hardware solution this is).
Cerny spent time talking more about the PS5’s SSD, and how it improves performance. One way that game developers have compensated for the miserable performance of hard drives is to copy certain common resources over and over in the game code, to ensure that they are always available for sequential data loads. The nature of hard drives requires that the drive heads be positioned over the specific area of the platter that contains the data to be read, which means certain common elements that are used throughout a game (like streetlights, car models, and potentially certain other texture data) need to be stored alongside unique data (specific buildings or environmental maps) to ensure that everything loads in properly. SSDs don’t have this problem, which means game installations can be “de-duped” and remove these duplicated resources to save storage capacity.
It’s not clear how much disk space this saves, but it’ll probably help a bit. It’d be nice. Game installation sizes have tended to balloon every generation and the PS5 will use 100GB-capacity disks — implying that before long, we can all look forward to 100GB game installations. 1TB SSDs are starting to look cramped already.
Another new feature will be the ability to install games with much more granularity and to jump into games much more easily. If you only want to play the multiplayer component of a single/multi-player game, you’ll have the option to install just the section of the title you want to play. This may be a change intended to get players into games quicker, or it may reflect the fact that Sony wants to cut down on the effective size of game installs and give players more flexibility. SSDs still cost more than HDDs, and with 100GB game disks, Sony has good reason to cut game installation sizes.
Along with this increased flexibility in game installs comes adjustments to how games themselves are accessed. A new UI will allow you to jump into games with friends immediately, rather than booting up a title to see what friends are doing in it. “Even though it will be fairly fast to boot games, we don’t want the player to have to boot the game, see what’s up, boot the game, see what’s up,” Cerny says. “Multiplayer game servers will provide the console with the set of joinable activities in real time. Single-player games will provide information like what missions you could do and what rewards you might receive for completing them—and all of those choices will be visible in the UI. As a player you just jump right into whatever you like.”
Increased Haptic Feedback
Another major change with the PS5 is coming with changes to how haptics work in the Dual Shock 5 controller. It now includes adaptive triggers that can offer varying levels of resistance to make shooting a bow and arrow or pulling a trigger require more resistance, or to make two different guns feel different to use. Haptic feedback capability has also been enhanced, and the controller can use haptics to simulate multiple types of surfaces or environments rather than simply providing generic ‘rumble’ at pre-defined moments. Wired spent time with the controller and confirmed that it can make different sorts of surfaces feel distinct. Platformers could be punched up a notch with these kinds of options, to the joy of ice-level lovers everywhere and the hatred of everyone else.
Incidentally, the PS5 devkit reportedly looks like images Gizmodo saw last week. A render based on the images, by LetsGoDigital, is shown below. Whether or not this reflects the final design of the machine isn’t something we know yet.
The arguments in favor of the PS5, at this point, don’t boil down to any one innovation, but in the way those innovations — higher storage performance, new UI flexibility, and new methods of haptic feedback — will be collectively used to create new kinds of experiences. Details like price and formal specs are information both Microsoft and Sony are sitting on at this point, for obvious reasons. With one more holiday season before the new hardware drops, neither company wants to risk wrecking previous-gen sales before it’s time to put new hardware out.
I’m going to be interested to see what comes of the new console generation. The move from GCN 1.0 to an RDNA-derived GPU should deliver some significant performance uplift, but I’m more curious to see what developers can do with the increased CPU resources. The PS4 and Xbox One were both based on AMD’s Jaguar, but while that chip was a plucky mobile contender in 2013, it was weaker than the “big-core” x86 CPUs that were then on the market. An eight-core Ryzen-based CPU will offer far higher performance than any Jaguar could, even if we assume a relatively low clock to keep power consumption down. The combination of an updated GPU and a significant boost to CPU performance should hopefully allow these new consoles to distance themselves from the previous generation.
China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10 per cent tariff on $ 300 billion US of Chinese imports from next month, sharply escalating a trade row between the world’s biggest economies.
Trump on Thursday stunned financial markets by saying he plans to levy the additional duties from Sept. 1, marking an abrupt end to a truce in a year-long trade war that has slowed global growth and disrupted supply chains.
Beijing would not give an inch under pressure from Washington, Chinese foreign ministry spokesperson Hua Chunying said.
“If America does pass these tariffs then China will have to take the necessary countermeasures to protect the country’s core and fundamental interests,” Hua told a news briefing in Beijing.
“We won’t accept any maximum pressure, intimidation or blackmail. On the major issues of principle we won’t give an inch,” she said, adding that China hoped the U.S. would “give up its illusions” and return to the right track of negotiations based on mutual respect and equality.
Trump also threatened to further raise tariffs if Chinese President Xi Jinping fails to move more quickly to strike a trade deal.
New duties affect almost all Chinese goods
The newly proposed wave of duties would extend Trump’s tariffs to nearly all of the Chinese goods that the United States imports.
Trump made his threat in a series of Twitter posts after his top trade negotiators briefed him on a lack of progress in U.S.-China talks in Shanghai this week.
…during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%…
The president later said if trade discussions fail to progress he could raise tariffs further — even beyond the 25 per cent levy he has already imposed on $ 250 billion US of imports from China.
Senior Chinese diplomat Wang Yi told reporters on the sidelines of an Association of Southeast Nations event in Thailand the additional tariffs were “not a correct way” to deal with the bilateral dispute.
Financial markets in tailspin
The news hit U.S. and Asian financial markets hard. Oil prices plummeted seven per cent and retail associations predicted a spike in consumer prices.
Asked about the impact on financial markets, Trump told reporters: “I’m not concerned about that at all.”
“President Trump is, in effect, using American families as a hostage in his trade war negotiations,” said Matt Priest, president of the Footwear Distributors and Retailers of America.
Stephen Lamar, executive vice president of the American Apparel & Footwear Association, said his group’s members were shocked that Trump had not allowed the resumed U.S.-China trade talks to proceed further before acting.
Chinese manufacturers produce 42 per cent of apparel and 69 per cent of footwear purchased in the U.S., Lamar said.
Moody’s said the new tariffs would weigh on the global economy at a time when growth is already slowing in the U.S., China and the eurozone.
China can retaliate
Possible retaliatory measures by China could include tariffs, a ban on the export of rare earths and penalties against U.S. companies in China, analysts say.
So far, Beijing has refrained from slapping tariffs on U.S. crude oil and big aircraft, after cumulatively imposing additional retaliatory tariffs of up to 25 per cent on about $ 110 billion US of U.S. goods since the trade war broke out last year.
China is also drafting a list of “unreliable entities” – foreign firms that have harmed Chinese interests. U.S. delivery giant FedEx is under investigation by China.
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin briefed Trump on their first face-to-face meeting with Chinese officials since Trump met Xi at the G20 summit at the end of June and agreed to a ceasefire in the trade war.
“When my people came home, they said, ‘We’re talking. We have another meeting in early September.’ I said, ‘That’s fine, but until such time as there’s a deal, we’ll be taxing them,” Trump told reporters.
A source familiar with the matter said Trump grew frustrated and composed the tweets shortly after Lighthizer and Mnuchin told him China made no significant movement on its position.
Previous negotiations collapsed in May, when U.S. officials accused China of backing away from earlier commitments.