u.s. tariffs on sixteen billion dollars worth of chinese imports came into effect today beijing is responding in kind we ask is there a way out. also on the show it's one of the most useful plastics about policy styrene is a pesky to recycle now one company says it may have a solution. welcome to the business china has said it's slapping retaliatory terrorist on sixteen billion dollars worth of you as goods this after the latest round of u.s. tariffs on chinese exports went into effect early this morning in response to what the trump administration calls beijing's unfair trade practices while at the heart of the dispute is china's large scale expansion of its tech sector the so-called made in china twenty twenty five plan is meant to catapult the world's second biggest economy from the world sweat shop to a global technology hop. the world's work bench no more instead chinese internet giant like search engine by do tech investor ten cent an online retailer only barba are now leading global innovators they've risen from startups to multi-billion dollar conglomerates with considerable state bac

u.s. tariffs what's likely to follow from a move like this. or turkey can do very little economically to retaliate against the united states but it can hurt washington strategically or u.s. forces working with a searing kurdish militia just across the turkish border turkey considers that militia are a terrorist organization so it could run part pressure on that militia and the u.s. forces there on top of that washington has been pushing lobbying very hard to comply with its new iranian sanctions on current major trading partner with iran is seen as key to washington in its success of putting pressure on iran for now of course said it will not comply with those sanctions it's very unlikely in the present vironment it will change that stance. well joy meanwhile the turkish financer has been trying to reassure the public but the reality is that the currency has been taking for months and the country has seen inflation at nearly sixteen percent and now these american terrorists what's the impact on ordinary turks i think for the moment it is comple

u.s. tariffs effects $16 billion worth of goods china exports to the u.s. including cars and factory machinery. target stocks soared to new heights after the retail giant reported the best comparable sales growth in 13 years. shoppers stocked up on toys, electronics and home goods. target sales increased 6.5%. target says customer traffic rose to unprecedented levels and it's shares jumped 3.2% closing at nearly $86, an all time record. and the first las vegas style resort-casino in massachusetts will open tomorrow. the nearly $1 billion mgm casino was in downtown springfield. the property spans 14.5 acres an includes a 250 room hotel complete with a bowling alley and an arcade. mgm marketed it as a way to boost employment and the economy. the company says it created 3,000 jobs. >> thank you so much, laura. >> thank you. >> still to come, the hit show "the big bang theory" is coming to a close after 12 seasons. to a close after 12 seasons. boom! i won't be cleaning mold and mildew next week. thanks to this. did you know lysol disinfectant spray can actually

not that i really discern daryn remember at the moment the the tariffs on u.s. imports the tariffs that are in effect at the moment really only affect a fraction of what china exports to the united states what we have to watch out for is what could happen a few weeks from now because the united states trade representative office is currently hearing arguments for and against about imposing tariffs on some two hundred billion dollars worth of chinese imports now if that happens it would affect a whole range of consumer items and from things like candles to parts from bicycles bridal grounds that would start to affect the u.s. consumer here in china though you're seeing no sign of you know the economy imploding no sort of panic buying shops you know china's government continues to insist that its economy is growing if you believe those figures but as i say there is deep unease about what the future holds if this becomes a protracted trade war with these terrorists perhaps remaining in force not just for weeks months but possibly years adrian thank you well all of u

u.s. terrorists to another level it's lodged a case with the world trade organization wanting to rule now donald trump doubled the tariffs on steel alimony and earlier this month to turkey refused to release an american pastor who's been detained for nearly two years the turkish government retaliated with levees on some u.s. products. there's no difference between the direct attacks on our call to prayer in our flag and the attack on our economy the goal is the same the goal is to bring to heel turkey and the turkish nation to hold a captive we are nation that prefers to be shot in the nick rather than to be chained at the knee. he is a professor of political science at the university of waterloo in canada she says it was the right move for turkey to take the dispute to the w t o. the united states is claiming that there is some sort of national security imperative and putting on these tariffs and it's up live in too many countries as you said including canada which really finds its absurd so that's probably the right to move to take but of course that's going to be very painful for turkey and i would also point out this

u.s. tariffs. 25%ing will begin imposing tariffs on american goods after u.s. s take affects, and the chinese list covers medical equipment and coal. they will impose tariffs on another $16 billion of chinese goods starting augus. paul says the letter emphasized further engagement in areas of counterterrorism and legislative dialogues. he says he will oppose new russian sanctions being put forth by his new senate colleagues. in ohio, a republican candidate act by president trump, holds a new lead. he has a little more than a 1700 vote lead over the democratic candidate. ballots still have to be counted. the race is seen as a test of the presidents influence ahead of the presidential election -- midterm elections. theresa may is stepping up negotiations in case brexit gauche nations breakdown. there is a top-level cabinet meeting next month to discuss a brexit deal. senior officials will try to come up with ways to keep the irish border free of customs checks. global news 24 hours a day on-air, and tictoc on twitter, powered by more than 2700 journalists and anal

u.s. tariffs on steel in alimony and ports donald trump ordered a doubling of tabs earlier this month the turkey refused to release an american pastor who's been detained for nearly two years the turkish government retaliated with tariffs on some u.s. imports if. there's no difference between the direct attacks on our call to prayer in our flag and the attack on our economy the goal is the same the goal is to bring to heel turkey and the turkish nation to hold a captive we are nation that prefers to be shot in the nick rather than to be chained at the name. meanwhile to people having detail. the bullets were fired towards the u.s. embassy in the turkish capital ankara six shots were fired from a moving car early on monday morning hitting the gate and a security post was injured in the attack so on your guy you go has the latest from istanbul this incident has taken place at a time when there is unprecedented tension between ankara and washington d.c. not forgetting of course the ongoing dispute that there is over the arrest of the american pastor andrew bronson who remains under house arr

u.s. tariffs on steel and aluminum imports donald trump ordered a doubling of tariffs earlier this month to turkey refused to release an american pastor who has been detained for nearly two years. el salvador has severed diplomatic ties with taiwan and announced it will establish relations with china instead it is the third diplomatic ally but taipei is lost this year means only seventeen countries currently have diplomatic relations with taiwan. and venezuelan president nicolas maduro has new monitor reforms are now in place in a bid to control the country's economic crisis opposition parties have already called for protests they bring countries have also started cracking down on venezuelans trying to cross the border to escape the crisis. that muslims around the world are celebrating also known as the festival of sacrifice the holiday marks the end of the pilgrimage the holy site of mecca these are live pictures from the holy city when millions of polygamous have gathered over the last week well throughout the muslim world families marked the holiday by coming together to pray eat and exc

u.s. tariffs as president one labels them an attack on his country. and struggling to celebrate inside the camp where hundreds of thousands of syrians are marking unsure when they'll go home. welcome to the program the presidential palace in the afghan capital has come under attack just a day after president danny pushed for a lengthy new cease fire but he was delivering an either message on choose the morning when it happened those rockets were fired towards the building in kabul they did not hit the palace but several shells fell in the surrounding diplomatic quarter there's been no reports of any injuries afghan military helicopters did fire at the house where they suspect the rockets may have come from. is a specialist on regional security joins me now from kabul good to have you with us live on al-jazeera i mean what does this latest attack tell us about sort of the ongoing lack of security in the capital. well this is absolutely new a sort of tactic by the palace because previously they have been attacking. certain targets but this time they hav

u.s. president donald trump's tariffs have had little effect on the company's sales in the u.s. that's because the specialized steel made here is hard to come by on the american market but the twenty five percent levy has had a major impact on prices. we have no alternative but to keep passing on the cost of the twenty five percent punitive tariff to our customers. because our american buyers come source what they need on their domestic market they have no choice but to absorb the increases. so e.u. firms producing nice products remain in a relatively comfortable position but it's a different story for companies making cheap steel for industries like construction . for them there are two reasons for concern for one u.s. consumers can choose to buy cheap tariff free steel at home but analysts also fear that countries like china which have traditionally exported their cheap steel to the u.s. could look for new markets in the e.u. . they won't be able to sell as much to the u.s. now this will lead to a diversionary effect meaning more will make its way to europe. well that's ok as

u.s. tariffs violate wto rules. it is a 25% u.s. on $16 billion worth of goods, 279 goods, things like farm equipment, semi conductors, motorcycles. as well, china is saying it will slap tariffs on $16 billion worth of u.s. goods, specifically cars, buses and coal. there have been trade talks happening with both sides in washington, but so far there's been very little progress and american companies and industry groups have been complaining to trade representatives saying, look, this is hurting our companies, this is hurting the economy, it is impacting the global supply chain, and ultimately it is going to be the u.s. consumer that is going to pay the higher price. meanwhile, we are seeing it play out in state media here. the newspapers are carrying story how the u.s. auto industry is fearful and auto companies are, quote, losing sleep at night in michigan. president trump though doesn't appear to be listening to the concerns. he said in july that if need be he will put tariffs on every chinese items that comes into the united stat

switching gears now china says it will impose retaliatory tariffs on u.s. imports if washington goes ahead with threats to ramp up duties on chinese goods and threaten tariffs mark the second round of the ongoing trade dispute between the two countries the customs tour of commission of the state council decided to slap an additional tariff of fifteen or twenty five percent on one hundred twenty eight items of products imported from the u.s. from april second two thousand and eighteen chinese forced to take control of the u.s. site persists in putting its tariff measures into effect. or beijing said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee honey and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produced telephones t.v.'s and other high end technology items jeffrey albert tucker and a director of the american institute

trying to says it will impose we're telling a story tariffs on u.s. imports if washington goes ahead with threats to ramp up duties on chinese goods and threaten to tariffs market the second round of the ongoing trade dispute between the two countries the customs tenor of commission of the state council decided to slap an additional tariff of fifteen or twenty five percent on one hundred twenty eight items of products imported from the u.s. from april second two thousand and eighteen china is forced to take control measures if the u.s. site persists in putin instead of measures into effect on beijing said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee and industrial chemicals statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produce telephones t.v.'s and other high end technology items jeffrey albert tucker editorial director of the american ins

u.s. tariffs and has the means and the confidence to do so.ina already announced it was matching the latest u.s. tariff move and attacks at 25% on some $16 billion worth of u.s. imports. the products range from fuels and autos. the u.s. plans to begin collecting 25% extra in tariffs on chinese goods august 2rd. >>> and also china's president xi jinping has asked them to increase output. it fell yesterday and has been drifting this morning. >> this morning tit for tat sent trades like boeing and caterpillar lower. ultimately the dow fell 45 points. the s&p 500 shed nearly a point, wh sdaq shed 4 points >>> the s.e.c. is investigating tesla's buyout bid. he announced the proposal to take the car company private in a tweet. he said the financing was secured. according to "the wall street journal," the s.e.c. is looking into musk's wording and method. if it turns outtas shy, musk could opeo market manipulation. >>> the rite aid/albertsons merger is off. the pharmacy and grocer were unable to arrange a deal that appeal to contender. critics contend

u.s. site persists in putin instead of measures into effect. he said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee honey and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produced telephones t.v.'s and other high end technology items jeffrey albert tucker editorial director of the american institute for economic research believes there can be no winners in a trade war. well i'd like it to end today in the fact that never should have begun because the only victims here are american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war and there doesn't seem to be any end to it and i think there won't be any end to it for a very long time as a matter of fact if you look back to march peter navarro the trade advisor at the white house said. no countries would dare retaliate against us tariff

tariffs. they avoided despite shifting production to taiwan, the u.s. put tariffs on taiwan. . malaysia until last year was the leading exporter of solar panels to the u.s. currency is -- populists like higher inflation and more jobs. deficits,e higher negative for currency. what is propping up the dial -- the dollar right now, the idea that there's something fundamentally positive happening in the u.s. and the fed will be very aggressive in terms of the rate hike trajectory. we don't think there is a fundamental revolution in the trajectory, we think the trajectory is forward. we think the fed is lightly to keep the real interest rate slow. the means at some point, second half of the year, you hit that point where the dollar cannot depreciate further. yvonne: and you have twin deficits as well. we have to leave it there. our macro asia strategist joining us. get the stories you need to know to get your day going on daybreak. bloomberg subscribers, it is on your terminal and your mobile app. this is bloomberg. ♪ ♪ a quick check of the latest business flash headlines. saysphone

u.s. side persists in putin instead of measures into effect. yeah let's just dig into the details here china said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee honey and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods and a list of products to be targeted by the u.s. target is extensive but mostly focuses on chinese produced telephones t.v.'s other high end technology items well i'm very happy to say that we've got live on the president going through this with jeffrey albert executive director of lassez faire boots on the thing wished fellow of the foundation for economic education good to have you back china has again decided to respond to the threatened u.s. tariffs with tara of their own how much longer jeffrey could this tit for tat go on . well i'd like it to end today and in fact it never should have begun because the only victims here or american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war unfortunately what happened. starting last year we

u.s. tariffs on sixteen billion dollars worth of chinese products they come into effect in beijing responds in kind is there a way out of the race also coming up. caution about one of the biggest company listings in history the saudis insist iran close i.p.o. will not go. and how a dressmaker from broadway is helping to transform the lives of migrants in italy by turning them into tailless. this is your business update i'm having a home for him but then thanks for joining me the u.s. is a twenty five percent tariff on sixteen billion dollars worth of imports from china this is a second round of tariffs in response to what the trumpet administration calls beijing's unfair trade practices well china reacted swiftly with its own high tariffs on over three hundred american products as the trade vicious circle continues its dangerous downward spiral. new negotiations couldn't prevent the latest turn of the screw so far the u.s. and china have each imposed import duties on goods worth around fifty billion u.s. dollars now american companies in china are getting an easy automate issue that our com

u.s. tariffs on chinese goods the trade has almost ceased the e.u. was quick to take advantage of the cheaper u.s. crop something that must have been clear to commission president john claude younker last week when he promised trump the e.u. would step up u.s. soybean imports. the latest figures show that that process was already well underway. today that you can create commission has published the latest figures on e.u. imports of site beans showing an increase of two hundred eighty three percent in imports of say abuse from the u.s. bringing it used to a sheriff in parts of u.s. soybeans to thirty seven percent up from nine percent just one year ago washington had already promised twelve billion dollars to compensate farmers hurt by the dispute with china but with harvest time approaching many of the most still uncertain i think there is maybe just a little bit of comfort there knowing the administration is backing farmers but you no longer weren't looking for any kind of an aid package we want markets to work and markets to feed china was us soybe

u.s. tariffs are working big time. has been a dramatic escalation of the dispute between saudi arabia and canada. they have suspended diplomatic ties and halted trading investment deals. lastly, the comedian ambassador criticize them for women's rights -- one was a canadian citizen. he told the ambassador to leave the country within 24 hours. still believes a brexit deal with the european union is more likely than not. her spokesman says the deal is in the best interest of both parties. came after the trade secretary told the times there was a 60% chance of a no deal outcome. they blame the european commission for alexa fleck -- lack of flexibility in the talks. six people have been arrested after a drone attack in a military parade being watched by the president. authorities say he was unharmed carryingircraft plastic explosives blew appeared in number of soldiers were wounded. the interior minister says those were thrown off course by signal blockers. global news 24 hours a day on air and on tick tock on twitter, pow

u.s. tariffs. 29% the duties on another $16 billion of u.s. goods immediately after tariffs take affect. trump administration announced it would impose tariffs on another $16 billion starting august 23. theresa may is stepping up preparations in case brexit talks break down. she plans to little meeting of our cabin a members to discuss a no deal brexit. there are also senior officials that will come up with ways to keep the irish borders free of custom checks and police if there is no agreement. malaysia, the former prime minister has pleaded not guilty to money laundering charges. he has already pleaded not guilty to corruption and an criminal breach of trust charges. those were also linked to 1mdb. three members of the youth soccer teams our trapped in a cave for three weeks were citizenship today. stateless and previously unable to legally travel outside of the northern province where they lived. ethnica is home to minorities. global news, 24 hours a day powered by more than 2,700 journalists and analysts in more than 120 countries. i am mark crumpton, this is bloomberg. david: thanks

u.s. tariffs. we have some members that are finding out that the lines in fabrics that ship to china are going to be subject to a twenty five percent tariff and then the finished products they shipped from china back united states are going to be subject to a twenty five percent tariff so they're getting taxed twice and that's. not good also describes the chances of a breakthrough a trade talks set to take place between china and the u.s. from thursday u.s. president donald trump says he doesn't expect much asked for china. we hope to result during the trade talks. but as you know we normally don't like to make any comments before the actual negotiations and we hope both sides can sit down quietly and dedicate themselves to achieving a good result on the basis of the parish trust country to hold the table. but those talks will take place on the same day as the two countries impose a further sixteen billion dollars worth of tariffs on each other hardly a foundation for trust. meanwhile the dollar has

u.s. site persists in putin instead of measures into effect beijing said it would impose tariffs on sixty billion dollars worth of u.s. goods including coffee tea and industrial chemicals the statement came after washington stated it was considering new duties on two hundred billion dollars worth of chinese goods the list of products to be targeted by the u.s. tariffs is extensive but mostly focuses on chinese produced telephones t.v.'s and other high end technology items jeffrey albert tucker editorial director of the american institute for economic research believes there can be no winners in a trade war. well i'd like it to end today and in fact it never should have begun because the only victims here are american consumers american producers chinese consumers chinese producers there's nobody who wins from a trade war and there doesn't seem to be any end to it and i think there won't be any end to it for a very long time as a matter of fact you know if you look back to to march peter navarro the trade advisor at the white house said that no countries would dare retaliate against us tari

follows through on its threats to impose more tariffs on his own u.s. accuses china of unfair trade practices and using tariffs to pressure china to reform. the u.s. is already in place a twenty five percent duty on chinese goods where thirty four billion dollars its main detoxing industrial goods china's responded with its own twenty five percent levy on the same amount of items it imports from the u.s. the top ministration is now preparing to up the ante with a twenty five percent tariff on two hundred billion dollars worth of chinese goods the u.s. says chinese steel technology and benefit from unfair government subsidies scott as a senior international economist at the economic policy institute he says china can limit the impact of u.s. tariffs china does hold the ace in the hole in this case it does control its own currency and the currency moves that we've seen to date will offset not just the tariffs the troposphere already imposed on thirty four billion dollars worth of imports but on all two hundred billion dollars worth of goods that he's threa

u.s. and ministration announced it would announce tariffs on $50 billion worth of products. w, the 16 billion and the public comment. ends tonight. the next step would be that the u.s. would impose the tariffs because the president has said many times he is willing to go to up to 500 billions worth of chinese goods on tariffs. all we know now is that the tariffs are set to go into effect. red now we know they might take now we know they might take a few weeks for the u.s. administration to take into account all of the public comments that are going in until tonight to finalize the list and act on the list and put the tariffs on. but, i would definitely look at what china's response is because donald trump has said his objective in these talks, one of the objectives is to lower the trade deficit. if the u.s. imposes tariffs and china does the same, that we arrive at the status quo. that does not help the president of the united states, who said many times, the trade deficit must go down. we're definitely going to watch what the chinese government will do tomorrow with the talk

u.s. tariffs taking the u.s. over those steel an alum in the tariffs to the world trade organization of course not the only country that stuns so how is that going to affect the bad relationship right now and the situation do you think. well you know i think that was the right thing to do because of course the united states is claiming that there is some sort of national security imperative in putting on these tariffs and if so why been to many countries as you said including canada which really finds its way so that's probably the right to you know right move to take but of course that's going to be very painful for turkey and i would also point out this hits turkey specifically an air to want and his political base because they're very much dependent on economic growth in the building sector in the construction sector so this is of course a very important but good having steel in construction is very important so it's going to hurt definitely many of those very close to early one himself and so will that mean th

u.s. accuses china of unfair trading practices they're using tariffs to pressure china to reform the u.s. has already imposed a twenty five percent duty on chinese goods worth thirty four billion dollars its may be targeting industrial goods china has responded with its own twenty five percent levy on the same amount of items its imports from the u.s. the drug administration is now preparing to up the ante with a twenty five percent tariff on two hundred billion dollars worth of chinese goods u.s. says chinese firms still technology and benefit from unfair government subsidies robert scott is the senior international economist at the economic policy institute and he says china can limit the impact of u.s. tariffs china does hold. on the whole in this case. control its own currency the currency moved.

u.s. escalation of trade tensions, turkey today has again raised tariffs on key u.s. imports." trade wars help no one but turkey will do what is necessary to protect our economy from the assault and our stock market is feeling the pinch but again these tariffs from turkey not big enough to dent the total u.s. economy. >> tariffs are certainly regret table and a step in the wrong direction. the tariffs that the united states placed on turkey were out of national security interest. there's are out of retaliation. reporter: and the u.s. not shy about tackling multiple countries at the same time and that shows with nafta in about an hour as you said the mexican trade delegation will be here talking with u.s. trade representative robert lighthizer to try and see if they can finalize a nafta deal. they are very close, the sunset clause of the u.s. would lick to see nafta end in five years still out there. the mexican economy minister saying they are very close to a deal and it all hinges on the spirit of the talks that happened here again today. ashley? ashley: hopefully the spirit is

u.s. tariffs donald trump double the tax on steel and many of the some of them to turkey refused to release the american pastor the turkish government retaliated by imposing levies of its own with president hu and saying his country was under attack it could only soon excelled in and there's no difference between the direct attacks on our call to prayer in our flag and the attack on our economy the goal is the same the goal is to bring to heel turkey and the turkish nation to hold a captive we're a nation that prefers to be shot in the neck rather than to be chained at the knee . but it's not just turkey it's facing economic pressure from the u.s. the trumpet ministration has been using its economic clout as a political weapon with terrorists and sanctions imposed worldwide she have returns explained. it's the trump administration has been setting new records with its imposition of sanctions on foreign entities though it is continuing a trend we saw under barack obama what is different is the imposition of economic tariffs this administration overtly views the dollar as a weapon and the glo

u.s. tariffs with thirty four billion dollars there's all the headlines i'm back with more news after witness the apology. you. know. who will. the a in. the mall war a lot of the. people that he was with the little. girl who was the little. kid has allergies that. he did not love. all the. detail. or get over this awful lot more that was a. big part of the all that he told. all. yes. if you want to eat young guy or. a felony. who were. such a thing with you. one thing here is. to think. he she know what she will pay and. i'm not big blue. now your. doctor said you should look on the back wall isn't it what you want it's like. i'm going to jail to get out of the bad. not if you. don't know what i would do that. this is. what. i. tell you so you know. which is you know you know because there's a time if you get it wasn't. that we got that. yeah yeah. it was. me i just want to know what it was like it was it was something else you got. to know because it was with the goods on to your nose doesn't. matter what it is stuff. that i didn't know. recent remarks from a japanese politician saying sex

u.s. tariffs. is ahead for china's economy when we return. ♪ (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. lauren: of despite higher u.s. tariffs. good morning, peter. when will they start to impact china? >> obviously we didn't have the tariffs in place for the month of july. so that's one thing. the other problem that don't necessarily occur in the same month the goods are delivered. another complicating your. takes a while for things to disentangle themselves. in the short-term the u.s. isn't the only market the china expert do. i think in the long run it will take time to manifest it felt. cheryl: thank you so much. we say it again. we would like to welcome you back, lauren of inanity. we want to show our viewers obviously why you were out in take a look at gorgeous mj. that face. lauren: that is him at the beach. we were at the beach so much this summer. he's a very good debut. for all my friends who never

u.s. tariffs in the last few months that have been imposed. remember, the u.s. ully imposed on $34 billion of chinese exports at this time. so it is still a fear thing because it is not a big number. but it is being discussed as a big number and the headlines are frightening. yvonne: we have not got to that point yet. i want to focus on where you are domestically at home and what a crazy week it has been in australia politics. safer choice -- have we reached the stability point when it comes to aussie politics where we can move away from that of focus on the fundamentals? us, i included, were very surprised last week at the level of support for the extreme right. the fundamentalists, populist, christian right which really, in australia, is a very small movement. there were votes for her mr. dustin and his challenge did produce some support. the surprising thing for many of us was that that got to the point where it was and that people like ms. bishop, who is foreign minister, is now the backbench. so there are quality people like bishop who will not be in this go

u.s.-china tariffs. we are expecting the u.s. will go ahead with a further $16 billion and china will match it. china has outlined $60 billion worth of goods that will be hit if the u.s. goes ahead with $200 billion the day of outline. we looking at five percent to 25% on 5000 different categories of products, so the higher-end of the tariffs will target products like meat, week and lng. -- wheat, and lng. this additional list outlined by china doesn't do much to add further pain to the u.s. agricultural sector but in terms of lng, there is an impact. we saw some of those players in the u.s. market falling. that is one to watch. china has said it will not be bullied or blackmailed. as you have been discussing, we have been waiting to hear from clarity from china how they plan to respond if these tariffs are put in place. we got more details friday. now we are looking to see what happens with this consultation in washington towards the end of august. then the end of august, early september, you could get additional $200 billion wo