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looking beyond borders

foreign policy and global economy

Archive for the tag “Trade war”

China’s Response To The Trade War Can Hit US Technology Industry Where It Hurts Most

China’s US imports aren’t large enough to match Trump’s tariffs dollar for dollar, but there are other levers available, such as taxes and added regulation on US companies, slowing deal approvals, or boycotts of American products.

Read Here – South China Morning Post

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Beijing Orders State Media To Soften Criticism Of Donald Trump As US, China Tone Down Their Trade War Rhetoric

With a China-US trade war under way, both parties are adopting a no-insult strategy, choosing to remain muted in their rhetoric about the opposing side’s leader. After answering Washington’s 25 per cent levy on US$34 billion of Chinese goods with equivalent tariffs on US products, Beijing has directed state media to watch how they report on US President Donald Trump, mainland media sources said.

Read Here – South China Morning Post

Could China-US Trade Row Be Chinese President Xi Jinping’s Biggest Ever Challenge?

Photo by chuttersnap on Unsplash

The trade dispute between China and the US could be the biggest challenge Chinese President Xi Jinping has faced since coming to power in 2012, analysts said. During his first term of office, a period Beijing described as a time when “the West is chaotic and China is prosperous”, Xi accomplished many of the goals on his to-do list, both at home and abroad…But a so-called trade war with the United States is a whole new ball game.

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 Trade War With China Is Finally Here — And It Won’t Be Pretty

Some said the day would never come, that it was all a bluff. But as the Independence Day fireworks cool in Washington, the eve of the trade war has arrived in China’s capital, where government leaders keep reminding people: We did not start this, but we will fight back.

Read Here – The Washington Post

Trump Goes To War With Corporate America

President Donald Trump is now at full-scale war over trade policy with some of the Republican Party’s staunchest allies in big business, including executives at iconic American brands such as General Motors and Harley-Davidson who previously shied away from criticising an often irascible president.

Read Here – Politico

Also Read: Trump’s Psychopathology Is Getting Worse

How US-China Rivalry Over Technology Is A Front For A Geopolitical Quest For Supremacy

It is probably a war over trade. But it is also a battle over technology. As the US and China veer towards a full-blown trade war, US President Donald Trump singled out Beijing’s “Made in China 2025” plan as a major threat to US economic interests that violates global trade rules.

Read Here – South China Morning Post

Also read: Telcogeopolitics: West vs. China in 5G race

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

War Inside Trump Trade Team Triggers Global Angst

President Donald Trump’s abrupt decision to slap steel and aluminium tariffs on Canada, Mexico and the European Union capped a whipsaw week that reflected not just the deep divisions among his top economic advisers, but the changeable attitudes of the irascible and unpredictable president himself.

Read Here – Politico

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