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Trump China Tag

Posted by Mary Chastain on August 23, 2019 38 Comments
China has decided to implement tariffs on $75 billion worth of U.S. goods as the U.S. plans to impose tariffs on $300 billion worth of Chinese products. These additional tariffs will cover almost all of the remaining U.S. products imported to China.

Posted by Mary Chastain on August 13, 2019 6 Comments
President Donald Trump's administration decided to delay tariffs on big items such as laptops, smartphones, and toys made in China until December 15. From The Wall Street Journal:
Trade talks appeared in jeopardy after the Trump administration threatened on Aug. 1 to extend tariffs of 10% to $300 billion in Chinese imports not currently taxed, including many consumer goods. They would come on top of 25% tariffs imposed on $250 billion in imports from China.

Posted by Vijeta Uniyal on May 26, 2019 20 Comments
The United States was "attacking China’s core economic interests," Chinese state media said. By making a number of "arrogant demands," Washington was "trying to invade China’s economic sovereignty and force China to damage its core interests," Chinese state news agency Xinhua said Saturday. The comments came amid U.S. demands to restrict the role played by powerful Chinese state-owned enterprises (SOEs) that dominate all sectors of the country's economy and receive favored treatment from the state.

Posted by Mary Chastain on May 13, 2019 50 Comments
Tariffs suck. They do not work and will only cause harm for the manufacturer and consumer. President Donald Trump's economic adviser Larry Kudlow broke from his boss on Sunday when he agreed that tariffs would hurt both the US and China after Trump increased tariffs. To make matters worse, China imposed tariffs on $60 million worth of US goods on Monday.

Posted by Fuzzy Slippers on December 03, 2018 7 Comments
During talks with President Trump on Saturday, China reportedly agreed to label the synthetic opioid fentanyl a controlled substance. The White House is calling this move a "wonderful humanitarian gesture." The National Institute on Drug Abuse reported that "a research letter published in the Journal of the American Medical Association (JAMA) concluded that nearly half of opioid-related deaths in 2016 involved fentanyl."

Posted by Fuzzy Slippers on December 02, 2018 66 Comments
In a meeting between President Trump and China's Xi Jinping, Trump agreed to delay the increase in tariffs scheduled for January 1, 2019 while trade talks continue. The tariffs in question were set to jump from 10% to 25%, but this increase will not take place while the two countries engage in further trade talks.  The talks are currently expected to last 90 days.

Posted by Vijeta Uniyal on November 21, 2018 38 Comments
Contrary to the mainstream media reporting, President Donald Trump may be winning the trade war with China, according to a leading European think tank. The tariffs placed by the Trump administration could narrow the U.S. trade deficit with China by 17 percent, a recent paper published by Munich-based EocnPol Europe projects. "The US import tariffs will increase the prices of the affected Chinese products in the United States and decrease the profit margin of Chinese exporters," the fifteen page report says. "This might force some Chinese firms to stop exporting to the US, or even force them completely out of the market."

Posted by Vijeta Uniyal on October 24, 2018 11 Comments
A leading Chinese bank, which acted as the main conduit for payments to Iran, is halting financial transactions with the Islamic Republic, Reuters news agency reports. The state-owned Bank of Kunlun's decision was made "under pressure" of impending U.S. sanctions due to take effect early November, news reports disclose. The halting of transactions spells trouble for Iran's commercial ties to China, the country's biggest oil consumer. The Bank of Kunlun is controlled by China's state-owned energy group CNPC, a company running multi-billion dollar gas exploration projects in Iran.

Posted by Vijeta Uniyal on August 16, 2018 5 Comments
The United States has imposed sanctions on Chinese and Russian companies for violating the trade restrictions on North Korea. The move highlights President Donald Trump's strategy to keep tightening the screws on Pyongyang over its nuclear program. The Treasury Department blacklisted a Russian port agency and two Chinese firms on Wednesday for aiding North Korea's shipping industry.
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