1 / 3FILE PHOTO: Flags for U.S. President Donald Trump's "Keep America Great!" 2020 re-election campaign are seen at Jiahao flag factory in FuyangFILE PHOTO: Flags for U.S. President Donald Trump's"Keep America Great!" 2020 re-election campaign are seen at Jiahao flag factory in Fuyang, Anhui province, China July 24, 2018. REUTERS/Aly Song/File PhotoBy Jeff Mason
The trade war could continue for some time, bleeding directly into Trump's efforts to win a second four-year term. Some states that helped propel him to victory in 2016, including farmer-heavy Iowa, have been hit hard by the trade dispute. The failure to reach a deal that Treasury Secretary Steven Mnuchin and other advisers had recently suggested was close also casts a shadow on Trump's self-proclaimed deal-making prowess.
Trump's advisers are confident, particularly with regard to U.S.-China policy, that a show of strength will play well with his base. Trump, though delighted when China agreed to make large purchases of U.S. products such as soybeans, backed Lighthizer's tough approach and has insisted on more sensitive structural reforms.Senate Democratic leader Chuck Schumer last week urged Trump to"hang tough" with Beijing."Don't back down. Strength is the only way to win with China," he said in a tweet.
"He just doesn’t know how to cut a trade deal ... Trade by tweets does not work," Senator Elizabeth Warren said at a weekend campaign stop in Cincinnati, Ohio.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda Whose side is WAshington Post on: America's or China's? it seems like China's. Boycott China. Even Chuck Shummer agrees. Paradise Lost - Trump
Source: washingtonpost - 🏆 95. / 72 Read more »
Trump is playing the 'long game' in China trade talks: Former White House trade advisorTrump is taking a 'calculated approach' to trade talks with China to get a long-term solution, says Clete Willems, former trade negotiator. Who is buying this? Trump has no long game. He just tries to win each day. Someone needs to start playing the long game on the deficit. He has no game.
Source: CNBC - 🏆 12. / 72 Read more »
How To Trade The China Trade WarRun? Emerging market specialists still bet on a deal. But overall, pessimism is starting to set in. How long that lasts depends on this week's trade talks in Washington. Collective efforts of one billion Chinese people is helping China stay in race. Who is number 1? Is this trade war end in this weekend?
Source: Forbes - 🏆 394. / 53 Read more »
How To Trade The China Trade WarRun? Emerging market specialists still bet on a deal. But overall, pessimism is starting to set in. How long that lasts depends on this week's trade talks in Washington. Buy China on the dip. Watch out for electronics. The last round did not end the world, this one won't either. Buy companies that move the supply chain.
Source: Forbes - 🏆 394. / 53 Read more »
‘No more concessions’: Why is China playing hardball in trade war talks with the United States?Chinese Vice-Premier Liu He will go to the United States on Thursday to continue trade negotiations, but the the trip, scheduled for two days, is shorter than expected Put sanctions on China if they do not comply with our demands. China is an economic terrorist. By how many hours? Why is China playing hardball? Because they have to negotiate with evil.
Source: politico - 🏆 381. / 59 Read more »
Reuters Top News @ReutersLIVE: U.S. stocks slide as trade tensions between the United States and China escalate Trump doesn’t care patonet ¿saco mi mate edición 'fin del mundo' o todavía no? Politics He's destroying our economy, he doesn't give a shit.
Source: Reuters - 🏆 2. / 97 Read more »
WORST CASE SCENARIO: Here's what it looks like if Trump starts a trade war with ChinaMarket jitters stemming from an escalated trade fight could be so bad that is could send the S&P 500 in a correction, wrote UBS. Are these the same top investment bankers you wrote about , who were preparing their clients for a big pop? Yikes lol Then theyll tell retail to buy back when the dow hits 28k lmao what a bunch of crooks
Source: CNBC - 🏆 12. / 72 Read more »
France urges U.S. and China to avoid escalation in trade tensionsThe United States and China must avoid escalating trade tensions in their curren... Frustration of USA telling upon, because Chinese economy on strides......
Source: Reuters - 🏆 2. / 97 Read more »
Trump attacks potential 2020 rival Joe Biden in market-moving tweets about China trade negotiationsTwo tweets from the president Wednesday showed that Trump's attention is on Democratic 2020 frontrunner Joe Biden even as he prepares for the most crucial trade talks of his presidency. This Chinese asset wants to be President. I don’t think so. Lots of fun watching the machines pour in. As soon as the SPX goes somewhere, I get the cue to check my Twitter feed.
Source: CNBC - 🏆 12. / 72 Read more »