'We are not happy' with China: Markets brace for Trump news conference on Beijing

U.S.-China tensions over coronavirus have been rising for weeks. The spat took a more serious turn after China adopted a law threatening Hong Kong.

5/29/2020 12:30:00 PM

Global markets were on edge Friday after President Donald Trump said a day earlier he would hold a news conference on China but offered no details.

U.S.-China tensions over coronavirus have been rising for weeks. The spat took a more serious turn after China adopted a law threatening Hong Kong.

USA TODAYGlobal markets were on edge Friday after President Donald Trump said a day earlier he would hold anews conference on Chinabut offered no details.Major benchmark stock indexes in Asia and Europe fell nearly 1%. U.S. stock futures fell by about half that amount following a lower Wall Street close on Thursday.

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Tensions betweenWashington and Beijinghave been escalating for weeks as Trump has blamed China for an alleged cover-up about the coronavirus outbreak and its impact on the U.S. China has circulated false theories the virus originated with the U.S. Army.

The under-pressure diplomatic relationship took a more serious turn this week after China adopted a new security law that threatens Hong Kong's autonomy, leading the Trump administration to declare it no longer considers the city separate from China.

Superpower struggle:China approves sweeping national security legislation for Hong Kong, jeopardizing the city's autonomyand angering Washington"We’ll be announcing what we’re doing tomorrow with respect to China. And we are not happy with China. We are not happy with what’s happened," Trump told reporters on Thursday, responding to a question about whether the U.S. would stay in "phase one" of the trade deal he signed with Chinese officials in January.

"All over the world, people are suffering," Trump said, referring to the coronavirus outbreak. He has accused China of misleading governments about what it knows about the origins of the virus. "All over the world, they're suffering," he said.

Trump could opt to censure China through sanctions or through a fresh round of tariffs on its exports, moves that would come as Washington and Beijing are still in the middle of trying to move ahead with the trade deal. Any such action also comes as the coronavirus pandemic has pummeled the global economy and led to mass layoffs.

It's also possible that Trump could use the news conference to talk about a border dispute between China and India that he has offered to mediate. Trump may also address legislation covering China’s treatment of its Uyghur ethnic minority citizens.

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Critics warnedChina's new national security law for Hong Kong could spell the end of civil liberties in the city and cripple its status as a global financial hub. The Trump administration joined the United Kingdom, Canada and Australia in warning China's action is destabilizing and"in direct conflict" with its international obligations. The law"raises the prospect of prosecution in Hong Kong for political crimes and undermines existing commitments to protect the rights of Hong Kong people," a joint statement said.

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He’s gearing up the national guards to shoot the people in Minneapolis. The Chinese aren't happy with China and yet liberals stand with their racist oppressor's. Drumpf will do nothing except issue more threats. What a spoiled little boy

US stocks erase gains, close negative after Trump announces Friday press conference on China | Markets InsiderUS stocks erased earlier gains and closed negative on Thursday after President Donald Trump announced he will hold a press conference on Friday ...

European markets set to break winning streak with U.S.-China tensions escalatingMarkets worldwide are reacting with trepidation ahead of U.S. President Donald Trump's press conference Friday 'on China' following weeks of rising animosity between the two superpowers. maybe it's cause the US is on fire idk though China is in news all over social sites

Trump Offers to Mediate China-India Border DisputesAs border tensions have escalated between China and India in recent weeks, President Donald Trump made an unsolicited offer Wednesday to mediate the two countries’ decades-old border disputes. Never side with or trust a Stalinist! If he does mediate it will end in nuclear war...what a joke... FUNNIEST OMEGLE CLIP EVER 2020

House Passes Uighur Human Rights Bill, Prodding Trump to Punish ChinaThe U.S. House overwhelmingly cleared legislation that would punish top Chinese officials for detaining more than one million Muslims in internment camps Human beings are 🥴 You need a sanction How many Mexicans are currently detained in American internment camps again?

Media tycoon Jimmy Lai says only Trump can save Hong Kong from China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. He won’t even help the ppl in his own country so good luck! Sorry bud, China owns the guy 🤷🏻‍♀️ HK is safe, but nobody can save Jimmy.

Trump considers retaliation against China over security law as Hong Kong arrests hundreds of protesters'There's a whole menu of potential things that he [Trump] could do,' U.S. Commerce Secretary Wilbur Ross said while appearing on the Fox Business Network. 'And I'm sure they're working right now on how to refine the thinking and come up with something that's an appropriate response.' Foreign policy is a series of linkages. None of Trump's foreign policy initiatives have panned out, and he's got a nincompoop in Pompeo as sec of state. This is the result. Should read “trump considers a distraction to avoid dealing with over 100k deaths of Americans & abysmal approval ratings”. All he do is tweet and lie