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Trump China Tag

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.

Posted by Mary Chastain on June 15, 2018 53 Comments
President Donald Trump will approve a plan that will impose a 25% tariff on Chinese technology products, which is worth around $50 billion. From The Washington Post:
Although the import levies affect less than 10 percent of the $505 billion in Chinese goods that Americans buy each year, Trump’s new trade barriers mark a historic change after three decades of deepening ties between the world’s two largest economies.

Posted by Fuzzy Slippers on May 20, 2018 14 Comments
We've been covering the Trump administration's trade talks with China, and now both nations have reportedly agreed to halt the trade war, including the imposition of tariffs, until a deal has been reached. The AFP reports:
Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday.

Posted by Mary Chastain on April 10, 2018 15 Comments
In a speech on Tuesday, Chinese President Xi Jinping announced the country will open its markets and slash tariffs on auto import. It appears to be a concession to President Donald Trump, who has threatened tariffs on Chinese goods, which has led to fears of a trade war.

Posted by Mary Chastain on April 04, 2018 91 Comments
A possible trade war continues to brew as China proposes its own tariffs on American goods after President Donald Trump's administration released a list of 1,300 Chinese exports it plans to target with tariffs. Despite this action and concerns of a trade war, Trump insists we cannot lose said war because we're already "$500 billion down."
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