HONG KONG - U.S. President Donald Trump’s fresh threats of tariff hikes on Chinese imports this week marked a new escalation in the trade dispute between the world’s top two economies and a reversal of months of apparent progress in negotiations.
In the latest development, Trump on Sunday said those increases could now take effect on Friday and that he would target a further $325 billion of Chinese goods “shortly”. All up, the tariffs would effectively cover all imports of Chinese goods into the United States. The bulk of the decline in U.S. exports to China is in raw materials and food. They represent about a third of the total and have more than halved, according to Oxford Economics. But U.S. firms in other sectors, including Caterpillar and Apple, have also issued China sales warnings.
China has also responded with cuts in bank reserve requirement ratios, which have boosted domestic lending to a record 5.81 trillion yuan in the first quarter. Tax cuts are estimated to unleash an extra 2 trillion yuan, while local governments are also allowed to issue 2.15 trillion yuan of special bonds to fund infrastructure projects.
期待那个数字
NYCJT2
'ok both bills have faces, what if we make them kiss'
The moron in chief thinks China pays the tariffs. Now we know how he had to declare bankruptcy 6 times. DementedDonald
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A lookback at the US-China trade warAs Beijing and Washington head for another - and probably final - round of trade talks, here’s a recap of what has already happened.
Source: trtworld - 🏆 101. / 63 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
Global markets plunge on Donald Trump's shock tariff threat as the US-China trade war escalatesFutures on major US indexes tumbled with shares in Asia and Europe, while Oil dropped after Donald Trump threatened to escalate trade war with China. How Trump can brag about this is beyond me. As Taiwanese my country actually benefit from it in the short run. But I’m not a selfish piece of sh*t I know how it impacts US farmers. I don’t care about big corporations tho screw ‘em
Source: BusinessInsider - 🏆 729. / 51 Read more »
Explainer: Who pays Trump's tariffs - China and other exporters or U.S. customers?EXPLAINER: Who pays Trump's tariffs - China and other exporters or U.S. customers? by rajeshkumarsgh ywchen1 rajeshkumarsgh ywchen1 Who pays Trump's tariffs? Every American Citizen in this picture. rajeshkumarsgh ywchen1 That’s how stupid Trump is. If China pays 25% more than so do we the people. Biden is correct. We’re dealing with a clown trying to become a dictator and the Republicans are following the clown to the slaughter. We cannot let this criminal and his vile spawn and the GOP win rajeshkumarsgh ywchen1 So clearly the trick is to keep as much money as you can in your own economy BY MAKING THE CONSUMER GOODS A COUNTRY NEEDS WITHIN ITS OWN TERRITORY. Less global transportation of goods that must be better for the environment. Better employment rates within countries. Many benefits
Source: Reuters - 🏆 2. / 97 Read more »
U.S. stock futures sink as threat of full-blown trade war re-emergesU.S. stock futures fell sharply on Monday after President Donald Trump threatened to raise tariffs on $200 billion worth of Chinese goods days before trade talks were set to resume. Investors were now waiting to see if China’s chief negotiator will cancel his visit. Good
Source: MarketWatch - 🏆 3. / 97 Read more »
Trade war and sagging prices push U.S. family farmers to leave the fieldShuffling across his frozen fields, farmer Jim Taphorn hunched his shoulders aga... TV A terribly sad situation, and one our nation will rue one day. TV The Age of Trump. TV Trump has your back ,lol, how long is it going to take before Americans start to understand that this president cares only about himself, he is a dictator
Source: Reuters - 🏆 2. / 97 Read more »
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Source: YahooNews - 🏆 380. / 59 Read more »
China, U.S. start latest trade talks after 'nice' working dinnerChina and the United States began their latest talks in Beijing on Wednesday aim... Who is that fox in the middle? STONE COLD SEXY!!! Three ways of looking at the Belt and Road Initiative The solution is simple, China should buy more American products to bring down the trade deficit and open their markets for American companies and entrepreneurs to compete fairly without any governmental harrassment..THATS THE ONLY SOLUTION.
Source: Reuters - 🏆 2. / 97 Read more »
China says trade delegation is preparing to go to the U.S.China's foreign ministry said on Monday a Chinese delegation is preparing t... TheCuriousInve1 Let’s make a deal
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U.S., China had 'productive' trade meetings, White House saysThe U.S. and China concluded a round of 'productive' trade talks and plan to resume discussions next week in Washington, White House press... 🙄 This is the 100th time I read this...😒 With all due respect, 'Shut Up!!!'
Source: MarketWatch - 🏆 3. / 97 Read more »
U.S.-China trade talks will likely conclude in next two weeks: MulvaneyTalks between the United States and China aimed at resolving their trade dispute... so march to april to may another feather in Trump's cap and a BIG one this one would be👍
Source: Reuters - 🏆 2. / 97 Read more »