The world's two largest economies have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
Earlier this month, tensions between Washington and Beijing ratcheted up even further when both sides hiked charges on their goods once again. The U.S. also added Chinese telecom giant Huawei to it's so-called "Entity List" — effectively banning the company from acquiring technology from U.S. firms without government approval.
This trade war is "holding back" investors and consumers and that's hurting the expansion of the global economy, Roberto Azevedo, the director-general of the WTO, told CNBC's "Street Signs" on Thursday. "We cannot close our eyes to that… Every single country will lose unless we find a solution for this."
"The regular citizen is not immune to this, in fact, the lower the bracket of income of the citizen, the more he will be affected," Azevedo said.U.S. Trade Representative Robert Lighthizer is poised to meet with officials from the
Will any right thinking nation make an “America first” deal with a US administration that tears up deals when it suits them? I doubt it.
the director general is full of s**t
This trade war needs to end for the sake of his realDonaldTrump own coming election. I hate to admit it, but he is losing support, and fast.
Sure it does, but now they have jobs and a future.
Make Russia great again by declaring war against China biggest economy in America trade... what an achievement...lol putin theaters 🎭 in USA... do we enjoy The seen
mr_jettlife
Art of the Deal = Out of the Deal
Doing business with China in general hurts wages! Protectionism is what made American great! Not allowing goods made by slave labour! That’s only good for companies seeking to pay no wages and sell products for top dollar in North America. Go Trump!
RepubliCONs in CONgress need to step up and control this orange obese crazy conman before he runs America into the ground like all of his other companies.
😡
Certainly but Donald TRUMP doesn’t care
In 2018 we heard many stories regards hacks, assets stolen, etc. Store your crypto on best & most secured device ever made Ledger Nano X. Get now as it is selling at the lightning speed.
Feel bad for the poor. Unfortunately (and insult to injury), those are the same people who voted for the host of Apprentice. May you and your family be Blessed, and may you try to educate yourselves before the next election. That's not a joke!
Well look at this business history. Hint: he’s pretty bad at it.
IMF - Unlike popular belief United States is paying the tariffs not China 🤦♀️
This is Trump's 'Trump Card' and he knows that the moment a Trade Deal is reached, regardless of the implications the Market will cheer and rebound to record highs.
Than I suggest their leaders follow suite.
You mean those in low cost labor countries...?
Liberal media says Trump is to blame. Reality says China is to blame. Who do you believe, liberal media or reality?
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China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff... I wonder if any Trump supporters are hog farmers? Whoo Hoo....MORE BACON FOR US!! I’ll buy some. ✔️. Bacon for all
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U.S. recession risk rises as U.S.-China trade tensions heat up: Reuters pollOver the last month the U.S.-China trade war has boosted the risk of a U.S. rece... personally, don't trust the media poll anymore. Recession huh? You know like the one Obama pulled us out of and set up his predecessor with a booming economy and lucrative trade deals Not really
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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 »
Forget trade deficit, here's the number that tells a different story of US-China tradeCNBC's Steve Liesman joins 'Squawk Box' with a report on what experts are saying about how the trade war is affecting the economy and how U.S. foreign affiliate sales, total sales of U.S. companies in China, plays a huge part of the story. Yet another bizarre part of the many things I don't really understand. steveliesman Excellent piece. And, guess what, ironically a comprehensive deal with China would actually encourage even more US companies moving INTO China, perhaps more than direct exports. tradewar tariffs
Source: CNBC - 🏆 12. / 72 Read more »
European markets set to open lower as US-China trade worries weighPolitics are also a central focus as voting in the EU elections begins and Brexit uncertainty continues to dampen investor sentiiment.
Source: CNBC - 🏆 12. / 72 Read more »
Treasury yields tick lower as US-China trade tensions continue to dominateU.S. government debt prices ticked higher Friday morning as tensions over a simmering trade war continue to dominate investor sentiment.
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Asia markets slide amid US-China trade jittersTreasury Secretary Steven Mnuchin told CNBC on Wednesday that a trip to Beijing to resume trade negotiations has not been scheduled yet, reducing hopes of a speedy resolution to the U.S.-China trade war. China needs to make more Fleshlight ! adammoretto1 ❗️ Fight bears or not ? Global bears surely need trade war.
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Are 'Game of Thrones' and 'Avengers' latest victims of the US-China trade war?Westeros may have survived an invasion of White Walkers, but 'Game of Thrones' may have fallen victim to the current trade war between the U.S. and China. Man you guys are so desperate 😂😂🤣😂🤣😂🤣😂🤣😂 Bad articles on top of lazy screenwriting All the loser reason for a free and neutral internet
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US-China trade uncertainty is 'the enemy of growth', OECD warns as it slashes forecastsTrade tensions between the U.S. and China stalled a global recovery and are continuing to endanger investment and growth, the secretary general of the OECD warned Monday.
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China says trade talks can't continue unless US addresses its 'wrong actions'A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations. Great..... No more china ModiAaGaya
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China central bank to cut funding costs amid U.S. trade rowChina's central bank said on Friday it will help reduce borrowing costs for... Yeah, that's not why they are called 'large' or 'small' markets. The US and China are the largest banks in the world. 'Growth is expected to slow further this year before supportive measures announced in March start to kick in. ' -article Now should we call that retaliation to what USA did. Or they do that to safe guard their economic stand
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