They come on top of actions President Donald Trump has taken since U.S.-China trade talks ground to a halt earlier this month, such as raising tariffs on $200 billion in Chinese goods. His administration also put Chinese telecommunications giant Huawei on a trade blacklist and is considering similar actions against other Chinese tech companies.
Commerce is drafting the recommendations as part of a review required by an export-control law recently passed by Congress. A Commerce spokesperson said the department is finalizing the review, which has a May 10 deadline, but declined to confirm specific actions the administration is weighing.By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time.
Another option would be expanding a prohibition on any U.S. goods bound for military use in China on par with restrictions now applied to Russia and Venezuela. The U.S. already maintains relatively tight restrictions on exports to China of technology and goods that have both civilian and military uses. Tough U.S. export controls aimed at China have long riled Beijing and Chinese officials have raised objection to mounting restrictions with previous administrations.
Those companies have been implicated in alleged human rights abuses as a result of the monitoring and mass detention of members of the Muslim Uighur group in China’s Xinjiang province. “There is broad disagreement over both timing and which tools to use here,” the lobbyist said. “In any case, this will really piss off Beijing.”
So MORE TRUMP TAXES ON AMERICANS. Only corporations live tax free.
The economy is about to really tank.
Perfect. Use care to avoid buying any product Made in China
It’s Trump’s trade war... not the US trade war. Trump is only temporarily 1/3 of the US government.
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Beijing experts' latest message as trade talks stall: The US needs ChinaChinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy. Where is China going to go to replace it's biggest customer? Trump's trying to stop the China's raising, however even if not only Trump but also Franklin and Jefferson try to stop China it is not gonna happen. Never ever it will happen. USA must sign a good deal with China If it wanna keep stay strong in the long term. This is the same con they have peddled for decades. Baiting you over with their market. How are you supposed to benefit from a market that's protected and unfairly closed? An opened market would be greatly benefit China but will be detrimental to the Communist Regime. They know.
Source: CNBC - 🏆 12. / 72 Read more »
Senate considering South China Sea sanctions on China as massive trade war rattles relationsThe legislation would force the government to seize financial assets and revoke or deny visas of individuals involved in expansionary Chinese policy. never mind.just go to ww3.take enough Corpse bag before American come to China.
Source: Newsweek - 🏆 468. / 52 Read more »
Trump Warns China Not To Underestimate His Willingness To Sacrifice Every American’s Well-BeingWASHINGTON—Stating that he would be sticking to his guns regardless of the consequences, President Trump warned China in a White House press briefing Thursday that its leaders should not underestimate his willingness to sacrifice the well-being of every single person in the United States. “If you think for one second I’m about to back down on this trade war, you’ve clearly failed to grasp my complete indifference toward the entire population of my country,” said the president, who affirmed his unwavering commitment to letting the price of consumer goods rise, even if it meant a certain number of American families might struggle to make ends meet or be forced to go hungry. “I’m not about to lose a fight just because we have a bunch of farmers who depend on Chinese markets and workers who will lose their jobs if factories can’t get Chinese raw materials. Believe me, I can tolerate a tremendous amount of their pain.” Trump went on to state that most Americans are “great patriots” and willing to suffer so that he can get anything wants. Actually this headline is NOT satire! war comes at a great cost. Its a trade war not a trade friendship Hes an insult to John Candy in Vacation. with that mouth.
Source: TheOnion - 🏆 724. / 51 Read more »
Trump set to send $16 billion to bailout farmers hurt by China trade war'It's a good time to be a farmer, we're going to make sure of that,' President Trump says, announcing $16 billion in aid to farmers as the trade war with China continues His relief bill does though which will stem the bleeding until the trade war won. Which it will be because US has way more leverage than China Did she dare to call this socialist crap from Trump SOCIALISM of the worst type? Paying farmers for their votes due to poor government policy is the type of socialism that failed in Venezuela. Farmers support Trump. Let them bleed financially then. It’s what they want and, besides, they get their welfare checks. Had they taken high school Econ, they’d know trade wars never have winners...only losers. Welfare queens by choice.
Source: CNN - 🏆 4. / 95 Read more »
Trump says 'dangerous' Huawei could be included in US-China trade dealWashington last week effectively banned US firms from doing business with Huawei, the world's largest telecoms network gear maker, citing national security concerns.
Source: trtworld - 🏆 101. / 63 Read more »
Nike warns price of sneakers could skyrocket if Trump imposes tariffs on ChinaThe Swoosh brand, along with other heavy hitters of the footwear industry, has written a letter urging the president not to impose the increased levies on China. Trump won’t care unless hamberbers go up in price. It’s not just Nike 73% of shoes bought in the USA are made in China yeah.. make the shoes in the US.. give Americans jobs ya cheapskates
Source: Newsweek - 🏆 468. / 52 Read more »
On China, Trump Leads a Coalition of the UnwillingFar from leading a coalition of the willing to change China, Trump is leading a coalition of the ambivalent, sullen and resentful. That is a fragile foundation for global economic cooperation, writes Greg_Ip greg_ip Sounds like the writer got paid from Chinese communist leaders! greg_ip 😨 greg_ip hey, you worked to elect this boob elections have consequences, WSJ......and he's gonna take us down, HARD.....glad you finally realize what a catastrophic mistake you've made supporting him and this lunacy
Source: WSJ - 🏆 98. / 63 Read more »
In China, a flourishing industry claims to sell access to President TrumpThe arrangements, if real, could violate a ban on foreign donations to U.S. campaigns. The word to watch for is 'CLAIMS'..... that's the end of story Doesn't surprise me in the least
Source: washingtonpost - 🏆 95. / 72 Read more »
El-Erian: Don't underestimate the possibility of a 'Reagan moment' for Trump on ChinaPresident Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz. Assuming there’s no possibility is only underestimating Trumps ability to make things worse. If he paid attention to even a few people with true expertise we could hope for ANY lucid, substantial moment. This go by gut stuff HAS to stop. robertAbooey
Source: CNBC - 🏆 12. / 72 Read more »
Donald Trump blames Obama, Bush, Clinton for China deficit: “They created a monster”The president told Fox News that Beijing “took advantage of us for many, many years.” Everybody else's fault but Trumps. Blames everyone for his failures, takes credit for others' successes. Correct. Donald Trump is the most narcissistic person who literally has ever lived not to mention the most in-debt person.
Source: Newsweek - 🏆 468. / 52 Read more »
Nike, other U.S. footwear makers plead with Trump to drop China tariffNearly 200 American footwear companies are pleading with President Donald Trump to call off potential 25% tariffs on footwear. Why can't Nike produce a sneaker in the US ? Modern manufacturing techniques surely would secure good profit margins and produce a quality product at an even more competitive price.
Source: MarketWatch - 🏆 3. / 97 Read more »