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looking beyond borders

foreign policy and global economy

Archive for the tag “tariffs”

Trump To Slap Tariffs On $200B More Chinese Goods

President Donald Trump announced that the United States will impose a 10 percent duty on an additional $200 billion of Chinese imports as of next week, quickly escalating a trade war that has hit broad swaths of the global economy.

Read Here – Politico

Also ReadU.S. China Trade War: Analysis of Latest Developments

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How China’s Middle Class Views The Trade War

Never before has China’s fast-growing middle class confronted such daunting economic challenges, which mainly stem from domestic causes but have expanded to include escalating tensions with the United States. As a result, the members of this crucial group have developed an acute sense of anxiety.

Read Here – Foreign Affairs

China Trade Outlook Darkens As Donald Trump Threatens Total Tariffs

China’s chances of escaping the trade conflict with the US with only minor damage to its economy just got slimmer. On Friday, US President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports “at short notice”.

Read Here – South China Morning Post

Trump To Back $200 Billion China Tariffs As Early As Next Week

President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter.

Read Here – Bloomberg

Beyond Tariffs: China’s ‘Precision Strikes’ On US Businesses

US companies in China are bracing for more retaliatory pain from Beijing as the trade row between the two countries shows no sign of abating. Observers said some American firms had reported higher costs and much greater regulatory scrutiny, and feared a major drop-off in business from rising nationalism. The fallout follows a decision by Washington and then Beijing to impose 25 per cent tariffs on US$34 billion worth of imports from the other country.

Read Here – South China Morning Post

China Has No Idea How To Play Trump, And Is Doing What It Always Does When It Smells Trouble

Thanks to US President Donald Trump and his “America first” policy, the global economic and trade outlook perhaps has never been so uncertain. Nowhere are these economic and policy shock waves being felt more than in China. And, Beijing is responding the same way it does every time it anticipates trouble – by pumping cash into its system.

Read Here – South China Morning Post

China Hits Retaliation Button, Launching Tariffs As Trade War With US Starts

Photo by chuttersnap on Unsplash

After three rounds of failed talks, a trade war between the world’s two largest economies is on. On Friday, China’s Foreign Ministry spokesman said China had imposed countermeasures after America’s tariffs came into force. Lu Kang, said China’s tit-for-tat measures “had taken effect immediately after the implementation of the US tariffs”. Lu was speaking after Washington’s 25 per cent duties on US$34 billion worth of Chinese goods came into force earlier in the day.

Read Here – South China Morning Post

Risks To Global Growth Rise As Trade Tensions Escalate

Increased trade tensions have raised the risk that new measures may be taken that would have a much greater impact on global economic growth than those enacted so far. The US investigation into auto tariffs, possible additional US tariffs on Chinese imports, and the likely reactions of other countries and blocs, point to a potential serious escalation, albeit with an impact that falls short of across-the-board tariffs imposed on all major trade flows.

Read Here – Fitch Ratings

Trump’s China Tariffs Met With Retaliation Vow From Beijing

The Trump administration moved the U.S. to the edge of a trade war with China by announcing tariffs on $50 billion in Chinese imports and pledging additional investment restrictions, which Beijing immediately vowed to retaliate against. The response from China signaled a rapid escalation of the dispute. China will impose tariffs with “equal scale, equal intensity” on imports from the U.S. and all of the country’s earlier trade commitments are now off the table, the Commerce Ministry said.

Read Here – Bloomberg

Also Read: Trump’s Statement On Trade With China

Don’t Push Us, China Says To Trump’s Demand For US$100 Billion Cut In The Sino-US Trade Gap

Beijing underscored its determination to protect its interests after Washington demanded a US$100 billion cut in China’s trade surplus with the United States.  Chinese foreign ministry spokesman Lu Kang said that the two countries should resolve their disputes through talks, since a trade war would not benefit either country. China would protect its legitimate rights if “something happens we don’t want to see”, he said.

Read Here – South China Morning Post

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