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Trump again blames China for trade Empty Trump again blames China for trade

Post by claud39 on Mon May 06, 2019 9:24 am

[size=36]Trump again blames China for trade[/size]




06/05/2019








Trump again blames China for trade 11652019_5cd01da095a597141f8b4580









BAGHDAD ( 
Reuters) - US President Donald Trump on Monday slammed China for its large trade deficit with the United States, days before important trade negotiations between Washington and Beijing. 
"The United States has for many years lost 600 billion to 800 billion dollars a year in trade, with China losing 500 billion dollars a year," Trump said in a tweet on Twitter. "Sorry, we will not do that anymore." 
"The US trade deficit with China, which rose by 11.6 percent to $ 419 billion in 2018, was the highest level ever. 
Earlier, Trump announced on Sunday that the United States would raise tariffs from 10 percent to 25 percent on imported Chinese goods worth $ 200 billion from Friday.
The decision came days before a Chinese delegation arrived in Washington to complete trade negotiations between the two sides, which was expected to be the last round, and could end by reaching a trade agreement. 
Trump seeks to reduce the trade deficit between the United States and China as Chinese markets open wider to US goods, push Beijing to introduce legislation to stop illegal use of US technologies and steal intellectual property.



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Trump again blames China for trade Empty Warren Buffett: Trade war between Washington and Beijing threatens the whole world

Post by claud39 on Mon May 06, 2019 11:53 am

Warren Buffett: Trade war between Washington and Beijing threatens the whole world


06 May 2019 02:17 PM







Trump again blames China for trade 1024








Direct : American billionaire Warren Buffett said that the escalation of the trade dispute between China and the United States would be a bad thing for the whole world.

In a statement to CNN, Berkshire Hathaway said Monday that the stock market is falling due to the US president's weekend cheer, adding that the risks are high in epilepsy among the world's largest economic powers .

Donald Trump announced on Twitter on Sunday that he was raising tariffs on imports from China on Friday from 10% to 25%.

Buffett said negotiators sometimes needed to talk aggressively and act madly to get results, but the US businessman refused to put prospects on how to end talks aimed at resolving trade disputes.

Trump's tweets have triggered sharp fluctuations in global markets today, with the prospect of resuming scheduled trade talks this week between the two sides.







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Trump again blames China for trade Empty Trump: We will not lose billions of dollars because of China anymore

Post by claud39 on Mon May 06, 2019 11:59 am

Trump: We will not lose billions of dollars because of China anymore




06 May 2019 03:56 PM







Trump again blames China for trade 1024










Direct US President Donald Trump said that his country will not lose billions of dollars again due to China.

"Over the years, the United States has lost about $ 600 billion to $ 800 billion a year because of trade," Trump said in a tweet on Twitter on Monday.

"With China we are losing $ 500 billion," said Trump. "Unfortunately, we will not do that again at all."

Trump again blames China for trade 1024

Trump announced yesterday that it is increasing tariffs on imports from China worth 200 billion dollars from 10% to 25% starting Friday.

Trump's comments plunged global equity and oil markets, while gold and yen gained.










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Trump again blames China for trade Empty Goldman Sachs: The chances of a trade deal are declining

Post by claud39 on Mon May 06, 2019 12:01 pm

Goldman Sachs: The chances of a trade deal are declining


06 May 2019 03:23 PM







Trump again blames China for trade 1024










Goldman Sachs sees trade negotiations between the United States and China likely to be deadlocked, saying the chances of a successful deal are now less.

In a note to the US bank issued on Sunday, he said that with that pessimistic outlook, but the option of increasing tariffs may be avoided, especially if the Chinese delegation continued to attend the meeting from the US side, according to the station "CNN.

Trade ties between China and the United States entered a new twist yesterday with a new gambit for US President Donald Trump in which he said he was raising tariffs on imports from Beijing worth $ 200 billion from 10 percent to 25 percent.

The US bank described Trump as a shift from optimistic statements by US officials over the past few weeks, noting that the possibility of reaching a deal in the near term is at least slightly lower than it has been in the recent period.

A Chinese delegation was due to visit the United States this week to complete the trade talks, and Beijing has confirmed that it is continuing the process of preparation for the talks following Trump's tug.

Goldman Sachs said they believed the deal was achievable, adding that prospects for a current deal were slightly higher than the potential for higher tariffs.

Goldman Sachs identified the possibility of a 40 percent increase in tariffs by the end of the week.

"The most important indicator in the near term is whether a large delegation of Chinese officials will come to Washington on May 8 as scheduled, and if this happens, this indicates that they believe the deal is still reasonably likely."










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Trump again blames China for trade Empty Sailing US warships in the South China Sea infuriates Beijing

Post by claud39 on Mon May 06, 2019 12:03 pm

Sailing US warships in the South China Sea infuriates Beijing


06 May 2019 02:49 PM





Trump again blames China for trade 1024








Directly: sailed from two American warships near the disputed islands in the South China Sea, which has angered China, in the escalation of tensions between Washington and Beijing are added to the trade impasse.

The spokesman for the US Navy's 7th Fleet, Commander Clay Doss, told Reuters on Monday that the guided missile destroyers "Noble" and "Chung Hun" had cut 12 nautical miles in the Spratly Islands.

Dos added that the move was aimed at asserting the right of "innocent passage" to watercourses governed by international law and challenging excessive maritime claims.

The move comes in tandem with trade tensions exacerbated after US President Donald Trump announced his intention to start boosting tariffs on Chinese goods to 25 percent instead of 10 percent.

While Chinese Foreign Ministry spokesman "Jing Shuang" pointed out that US ships entered the waters near the islands without the permission of the Chinese government.

He told a news conference Saturday that the Chinese navy had asked the ships to leave.

He considered that these steps taken by US ships violate the sovereignty of China, referring to Beijing's rejection of this.

"China urges the United States to stop such provocative measures," said Shuang, adding that Beijing may continue to take the necessary steps to defend its sovereignty and security.













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Trump again blames China for trade Empty France calls on the United States and China to reduce trade escalation

Post by claud39 on Tue May 07, 2019 6:54 am

France calls on the United States and China to reduce trade escalation


05/07/2019





Trump again blames China for trade 15009





Economy News _ Baghdad

Paris, Washington and Beijing urged that trade tensions be avoided after a gloomy day in the global stock markets triggered by US President Donald Trump's threat to impose new restrictions on Chinese goods. 

"The United States and China should avoid escalating trade tensions in their current negotiations to maintain global growth and avoid decisions that could threaten this growth in the coming months," French Finance Minister Bruno Lemerre said Tuesday. 

The global bourses, especially China, witnessed a marked decline yesterday after Trump announced that his country would raise customs duties from 10% to 25% on imported Chinese goods worth $ 200 billion. 

The Trump announcement came days before a Chinese delegation arrived in Washington to complete the trade negotiations between the two countries, which was expected to be the last round, and could end by reaching a trade agreement.

China's Vice-Premier Liu He will visit the United States on May 9 and 10 for bilateral trade talks, the Commerce Ministry said Monday.





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Trump again blames China for trade Empty US to increase tariffs on Chinese goods by 25%

Post by claud39 on Fri May 10, 2019 12:47 pm

US to increase tariffs on Chinese goods by 25%






Trump again blames China for trade Doc-P-200617-636930753291926622





Follow - up / Tomorrow Press: 

According to Japanese agency Kyodo, today, that the decision of the US administration to raise tariffs on Chinese goods, from 10% to 25% worth $ 200 billion, it entered into force. 

China is expected to respond positively to the US action, the agency said.



The increase coincided with the arrival of Deputy Prime Minister Liu Jie to Washington on Thursday, the start of negotiations with the chief US trade negotiator Robert Laetzer, as well as with US Treasury Secretary Stephen Menuchin. The US-China talks will also continue today. 

In response to the US action, the Chinese delegation in Washington said China "deeply regrets" the US tariff increase. 

China will "have to take the necessary countermeasures" in the face of increased tariffs by the United States, the Chinese news agency Xinhua quoted the delegation as saying. 

Prior to this, Trump announced on May 5 that it would increase from 10 May the tariffs on Chinese goods and goods from 10% to 25%, because trade negotiations with China are proceeding very slowly.

On May 7, US chief trade negotiator Robert Laetzer said Beijing was moving away from agreements reached earlier in the consultations on trade issues, and confirmed the possibility of imposing additional duties on May 10 on some Chinese goods.





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Trump again blames China for trade Empty Lemerre: Commercial escalation between Washington and Beijing is the biggest threat to global growth

Post by claud39 on Sat May 11, 2019 7:04 am

Lemerre: Commercial escalation between Washington and Beijing is the biggest threat to global growth




10-05-2019 04:27 PM





Trump again blames China for trade Image




Baghdad


The escalation of the Sino-US trade dispute poses the biggest threat to global growth and employment in Europe, French Finance Minister Bruno Lemerre said Friday.

"There is no greater threat to global growth" than the escalation between the United States and China, "Lemerre told CNews." This means that trade tariffs will rise and that the number of goods in the world will be lower. Jobs in France and Europe will be destroyed. "He said.
The decision by the US administration to raise tariffs on Chinese goods from 10 percent to 25 percent worth 200 billion dollars on Friday came into force.
In response, the Chinese delegation in Washington said that China would "have to take the necessary countermeasures" in the face of increased tariffs by the United States.


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Trump again blames China for trade Empty Washington is preparing to raise tariffs on all Chinese imports

Post by claud39 on Sat May 11, 2019 7:06 am

Washington is preparing to raise tariffs on all Chinese imports




11-05-2019 01:41 PM





Trump again blames China for trade Image










Baghdad




US Trade Representative Robert Laitheiser said that President Donald Trump has ordered an increase in tariffs on China's remaining imports worth nearly $ 300 billion.

The move comes after talks between US and Chinese trade negotiators failed to reach a solution to the months-long trade dispute and the United States began raising tariffs on Chinese imports worth 200 billion dollars from yesterday.

Trump stressed on the Twitter social networking site that his personal relationship with Chinese President Xi Jinping was very strong and expected future talks between the two sides to continue.

"The two sides believe that the talks are constructive and will continue with the consultations, and the two sides agreed to meet again in China in the future," wrote the editor of the state-run Global Times, Hu Shijin, on Twitter.

China said yesterday it would take necessary countermeasures after the US-approved tariff increase from 10 percent to 25 percent, but did not specify in detail how to respond to the US move.

Last year, the United States imposed customs duties on imports of Chinese goods worth 250 billion dollars. China responded by imposing similar duties on US imports worth 110 billion dollars.







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Trump again blames China for trade Empty Trump: Trade talks with China will continue and the abolition of customs duties depends on the outcome of the negotiations

Post by claud39 on Sun May 12, 2019 7:52 am

Trump: Trade talks with China will continue and the abolition of customs duties depends on the outcome of the negotiations


12/05/2019





Trump again blames China for trade 15091





Economy News _ Baghdad

President Donald Trump said trade talks between the United States and China would continue in the future and that the abolition or retention of US tariffs depended on the outcome of the negotiations.

Trump's comments, which came in a glee, aim to send a message to the financial markets that despite a major setback last week, talks in Washington on Thursday 
and Friday did not lead to a complete collapse.

"Over the past two days, the United States and China have held frank and constructive talks on the status of trade relations between the two countries," Trump said, praising his relationship with Chinese President Xi Jinping, saying the talks would continue.

"In the meantime, the United States has imposed customs duties on China may be canceled and may not be canceled depending on what happens in future negotiations!"







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Trump again blames China for trade Empty China devalues ​​yuan against dollar

Post by claud39 on Tue May 14, 2019 8:24 am

China devalues ​​yuan against dollar


05/14/2019





Trump again blames China for trade 15125







Economy News _ Baghdad

The People's Bank of China (CBK) on Tuesday cut another 0.6 percent in the value of the yuan against the US dollar, amid a further worsening of the trade dispute with the United States, according to the regulator.

The central bank has set the exchange rate of the yuan at 6.8365 per dollar, which is lower than 411 points from the average determination, which was announced earlier, when the exchange rate was 6.7954 per dollar.

Against the background of the ongoing trade war with the United States, the Chinese currency has declined significantly since the beginning of the year, and the central bank has confirmed that it will keep the exchange rate at a rational and stable level.

Chinese authorities, including Premier Li Keqiang, repeatedly stated that they will not turn the yuan exchange rate into a tool to respond to the trade dispute.

China plans to impose a US $ 60 billion tariff on US goods after the United States stepped up a bitter trade war with a 200-billion-dollar tariff on Chinese products, the Finance Ministry said on Monday.
According to Reuters, the ministry said in a statement on Monday that China will impose tariffs on 5140 US products from June.

US President Donald Trump on Monday warned China against responding to an increase in tariffs imposed on Chinese goods last week and said US consumers would not pay for any tariff increases.







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Trump again blames China for trade Empty Trump Trade talks between America and China did not collapse

Post by claud39 on Wed May 15, 2019 1:35 pm

Trump Trade talks between America and China did not collapse




15/05/2019





Trump again blames China for trade 15159







Economy News / Follow-up ...

US President Donald Trump said trade talks with China did not collapse, describing the trade war between the two largest economies in the world as a "simple disagreement. 

Made Trump comments to reporters at the White House, with the escalation of tensions between Beijing and Washington after their exchange to impose fees on imports of billions of dollars. 

He Trump to negotiators from the two countries are still Itbageson, saying they are staying a good dialogue.  

a spokesman for the Chinese Foreign Ministry said that the two sides agreed to continue discussions related to trade. 

the conduct of the United States and China have been in talks for months to soothe trade tensions between But the talks have been stalled in recent weeks and each side blames the other for its failure.
 

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Trump again blames China for trade Empty Trump prevents American companies from supplying Chinese equipment

Post by claud39 on Fri May 17, 2019 7:02 am

Trump prevents American companies from supplying Chinese equipment




 16/05/2019



Trump again blames China for trade 15187




Economy News _ Baghdad



WASHINGTON (Reuters) - US President Donald Trump on Wednesday blocked US telecommunications companies from acquiring equipment manufactured by foreign firms and a source of security risk in a move apparently aimed at China, which has a trade war with the United States.

Trump announced a state of "national emergency" to be able to issue the executive order that was expected and applies especially to the group of communications giant Huawei, which has been targeted by the US authorities for a long time.

Huawei responded by saying that these "unreasonable restrictions" violated their rights and that those measures would lead to "US use of lower quality and higher-priced alternatives" in the fifth-generation smart phone network.

The White House, for its part, justified the measure by the presence of "foreign adversaries increasingly using weaknesses in services and technological infrastructure in the areas of information and communications in the United States."

For Beijing, it is a deceptive maneuver aimed at distorting competition.

The US executive order is intended to address "malicious acts that the Internet facilitates access to, including economic and industrial espionage at the expense of the United States and its people."

This is the most far-reaching measure taken by the Donald Trump administration against China's expanding technology sector, particularly in emerging countries in Africa, Latin America and Asia.

The technology sector is dominated by the current trade competition between Beijing and Washington.
The two powers have been sharing tariffs in a dispute Trump has launched since making China his favorite target in his 2016 presidential campaign.

In response to a question about whether Washington could take such action, the Chinese authorities said they reject any misuse of power to exclude Chinese companies from free competition.

"The United States has long used its power to deliberately defame Chinese companies and to push them back at any price, which is neither fair nor respectful," said Chinese Foreign Ministry spokesman Geng Shuang.

The Chinese official accused Washington of using "the pretext of national security" to prevent Chinese companies from investing in the United States and gaining a share in the US market.

The United States has been leading a campaign for months, led by Foreign Minister Mike Pompeo, against Huawei, suspected of spying for Beijing. For its part, the US Department of Defense has doubled its warnings in this regard.

The United States has blocked the Chinese company from deploying fifth-generation communications networks on its territory and is trying to convince its Western allies to do the same, warning of the risk of being spying. The fifth-generation technology allows many equipment, from cars to surveillance cameras, to be connected to the Internet.





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Trump again blames China for trade Empty IMF: Trade war threatens global growth

Post by claud39 on Fri May 24, 2019 7:20 am

IMF: Trade war threatens global growth




24/05/2019




Trump again blames China for trade 15361



Economy News _ Baghdad



The IMF's chief economist warned that the recovery in global economic growth expected in the second half of 2019 is threatened by the return of US-China trade tensions.

"Although the impact on global growth is relatively small at the moment, the new escalation in a trade war could seriously undermine the business climate and financial market confidence, disrupt production chains and threaten the expected recovery of the global economy," wrote Jetta Gubinath in a joint blog with her assistant Eugenio Cerutti. 2019 ».

In early April, the IMF cut its global growth forecast to 3.3% this year after registering 3.6% in 2018. He then announced that growth would slow sharply in the first half before recovering in the second half of 2019. But the IMF has based its forecast on a war truce Trade between the two world powers expected to reach a bilateral agreement.

But unexpectedly, the Bush administration decided on May 10 to tighten tariffs on $ 200 billion worth of Chinese goods, and China plans to increase tariffs on US imports worth $ 60 billion from June 1. Trump also plans to charge an additional 300 Billion dollars of imports from the Asian giant.





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Trump again blames China for trade Empty China deplores Pompeo's indictment of Huawei's president

Post by claud39 on Fri May 24, 2019 9:03 am

China deplores Pompeo's indictment of Huawei's president



24-05-2019




Trump again blames China for trade Image







Baghdad


China's Foreign Ministry has condemned US Secretary of State Mike Pompeo for lying about his company's relations with the Beijing government.
Chinese Foreign Ministry spokesman Lu Kang said some US politicians were releasing all kinds of rumors but were not giving any evidence.
Recently, Pompeo said Huawei CEO Ren Zengfai was lying about his company's relations with the Beijing government and expressed confidence that more US companies would cut ties with the Chinese technology giant.
The United States has stepped up its war against China's Huawei Internet Technology as part of its open trade war with China.




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Trump again blames China for trade Empty Trump expects a quick end to the trade war with China

Post by claud39 on Fri May 24, 2019 12:37 pm

Trump expects a quick end to the trade war with China




24 May 2019 03:06 PM





Trump again blames China for trade 1024














Direct: US President Donald Trump predicted a quick end to the ongoing trade war with China, and in light of the rigidity of high - level talks between the two biggest economies in the world.

Trump said in comments with reporters at the White House on Thursday that he expected an agreement with China quickly.

He explained that the deal would happen quickly because he did not imagine that China could be happy to see thousands of companies leaving their territories elsewhere.

The US president said the trade deal with China could lift the severe restrictions on Huawei.

This week Google, Intel and other companies announced a suspension of Huawei's compliance with US decisions, but later approved a 90-day deal after the US relaxed restrictions.

The US president said he would meet his Chinese counterpart Xi Jinping at the G-20 summit scheduled for next month in Japan.

After a round of trade escalation between the two countries in the first half of this month, both countries announced the suspension of trade talks with Beijing denouncing the US actions, noting that the correction of the condition of resumption of negotiations .

Trump said the $ 16 billion - which the country's agriculture ministry had been paying farmers - would help keep the US farmers happy, 

He stressed that no single country has veto power over the economic and national security of the United States.










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Trump again blames China for trade Empty Newspaper: China will be the biggest winner of the war between America and Iran

Post by claud39 on Sat Jun 01, 2019 9:18 am

[size=36]Newspaper: China will be the biggest winner of the war between America and Iran[/size]



01/06/2019





Trump again blames China for trade 12162019_122598873







BAGHDAD ( 
Reuters) - The Chinese century will begin when the US-Iran war begins, saying China will be the biggest winner of the war, the National Interest newspaper reported on Saturday. 
In the past few weeks, trade talks have collapsed and President Donald Trump has raised tariffs on Chinese goods, , And signed an order to include the Chinese company Huawei on the blacklist. 
"These tensions are a consequence of a shift in the US approach to China. Trump is moving from four decades of strategic" engagement "with Beijing to a new era of" strategic competition. "
The writer believes that the current crisis with Iran is the result of wrong intelligence, yet the country is heading toward war because of the irrational long-term obsession with Iran, which dominates the minds of some of Trump's closest advisers, namely national security adviser John Bolton and Foreign Minister Mike Pompeo. 
Such a war may benefit some of America's alleged allies in the Middle East, such as Saudi Arabia, but it will achieve nothing for the long-term US global position.





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Trump again blames China for trade Empty Trump threatens China with an additional $ 300 billion in goods

Post by claud39 on Thu Jun 06, 2019 12:27 pm

[size=36]Trump threatens China with an additional $ 300 billion in goods[/size]




06/06/2019








Trump again blames China for trade 9662019_2018_12_23_22_47_9_987









Follow - up to the balance of News 

US President Donald Trump threatened to impose other duties on Chinese goods worth $ 300 billion , "at least", but said he believed that China and Mexico want to conclude an agreement in a trade dispute with the United States. 
"In our talks with China, a lot of interesting things happen," Trump told reporters on Thursday. We will see what happens ... I may add at least another $ 300 billion, and I will do so in a timely manner, "he said, without elaborating the goods that might be affected. 
"But I think China wants to reach an agreement and I think Mexico wants a strong agreement," Trump said, before the Air Force One took off at the Irish Shannon airport heading for France to mark the day of landing.





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Trump again blames China for trade Empty Tramp threatens China with an additional $ 300 billion in goods

Post by claud39 on Thu Jun 06, 2019 4:41 pm

Tramp threatens China with an additional $ 300 billion in goods


 06/06/2019





Trump again blames China for trade 15535







Economy News Baghdad:



US President Donald Trump has threatened to impose another fee of at least $ 300 billion worth of Chinese goods, but said he believed China and Mexico wanted an agreement in their trade dispute with the United States.

"In our talks with China, a lot of interesting things have happened," Trump told reporters on Thursday.We will see what happens ... I may add at least another $ 300 billion, and I will do so in a timely manner, "he said, without elaborating the goods that might be affected.

"But I think China wants an agreement, and I think Mexico wants to reach a deal," Trump said before the Air Force One plane at Shannon Airport flew to France to mark the day of landing.

The International Monetary Fund (IMF) on Wednesday warned that the global economy was still "in a delicate turn" due to the escalating trade tension between the United States and its partners, calling on the G-20 countries to maintain low interest rates to support their economies.

"The absolute priority is to settle trade tensions while speeding up the process of modernizing the international trading system," IMF Managing Director Christine Lagarde wrote in a blog published ahead of the G-20 financial meeting next week in Japan.

Washington and Beijing recently resumed their mutual tariff battle after US trade talks ended without agreement, accusing the US side, China's negotiators, of reneging on previous commitments.
On May 10, the United States raised to 25 percent tariffs on 200 billion dollars of imported Chinese goods. On June 1, Beijing responded by increasing tariffs on US goods worth 60 billion dollars.

On Monday, the White House may impose customs duties on all imports from Mexico unless an agreement is reached to stem the flow of illegal immigrants arriving in the United States across the Mexican border.





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Trump again blames China for trade Empty China threatens America to declare war

Post by claud39 on Sat Aug 03, 2019 4:08 pm

China threatens America to declare war




Trump again blames China for trade Doc-P-210813-637003873546574813





Follow - up / Tomorrow 's Press: 

threatened China 's new ambassador to the United Nations John Zhang, on Friday, declaring war on America if Washington will fight Beijing commercially, and take countermeasures if Washington imposed new customs duties.



Zhang said in a press statement in Western media that Trump's move was "irrational and irresponsible" and urged the United States to "go back on track." 

"China's position is very clear that if the United States wants to talk, then we will talk. If they want to fight, then we will fight." 

"Certainly we will take whatever countermeasures are necessary to protect our fundamental right, and we also urge the United States to return to the right path in finding the right solution through the right path." 

In response to whether China's trade relations with the United States could damage cooperation between the two countries on North Korea, Zhang said it is difficult to predict. 

"It will be difficult to imagine that you are seeking cooperation from your partner, and on the other hand you are harming the interests of your partner," he said.
US President Donald Trump pledged on Thursday to impose a 10 percent surcharge on imports from China worth $ 300 billion from next month, sharply escalating the trade dispute between the world's two largest economies.





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Trump again blames China for trade Empty America ranks China as a currency manipulator for the first time in decades

Post by claud39 on Tue Aug 06, 2019 6:43 am

America ranks China as a currency manipulator for the first time in decades


 08/06/2019


Trump again blames China for trade 16579



Economy News Baghdad



US Treasury Secretary Stephen Menuchin said in a statement that the US government has decided to consider China manipulative in its currency and will engage with the International Monetary Fund to eliminate unfair competition by Beijing.

The move has further aggravated the already tense relations between the two countries and is in compliance with US President Donald Trump's pledge to label China as a currency manipulator for the first time since 1994.

The US move comes after China allowed its yuan to drop below seven against the dollar on Monday for the first time in more than a decade. Beijing later said it would stop buying US agricultural products in a major escalation in a nearly one-year trade war with the United States.

The sharp 1.4 percent drop in the yuan came days after Trump abruptly imposed a 10 percent tariff on imports from China worth $ 300 billion on Thursday, triggering a shock to financial markets after a brief truce in their trade war.

The news pushed the dollar to drop sharply while supporting gold.


The US Treasury Department said a statement by the People's Bank of China (CBB) on Monday made it clear that Chinese authorities exercised extensive control over the yuan's exchange rate.
The People's Bank of China said it would "continue ... to take necessary and targeted measures against (herd behavior) that may occur in the foreign exchange market."

"This is a frank acknowledgment by the People's Bank of China that he has extensive experience in manipulating his currency and that he is still willing to do so continuously," the Treasury said.
She said China had broken a commitment to refrain from devaluation in order to influence competition within the G-20.

After classifying a country as a currency manipulator, the Treasury Department is obliged to call for private talks to correct undervalued currency, including penalties.

The ministry classified Taiwan and South Korea as currency manipulators in 1988, the year in which Congress passed the currency review law. China was the last country to be classified as well in 1994.





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Trump again blames China for trade Empty Warnings of the Dangers of a Long Currency War

Post by claud39 on Sun Aug 11, 2019 1:46 pm

Warnings of the Dangers of a Long Currency War


11-08-2019 



Trump again blames China for trade Image





Orbit Agency -
Follow - up 

warned former officials of the Central Bank of China, on Saturday, the risk of currency war with the United States, after a surprise escalation of trade tensions between the two largest economies in the world this week. 

On Friday, the International Monetary Fund (IMF) stuck to its assessment that the value of the yuan was largely in line with economic fundamentals, but an IMF official said the IMF was encouraging China to adopt a more flexible exchange rate while minimizing currency intervention. 

Chen Yuan, former deputy governor of the People's Bank of China, told the China Finance Conference in Yichun that the US's description of China as a currency manipulator meant that their trade war was becoming a financial and currency war, Bloomberg News reported. Policymakers should prepare for long-term conflicts, he said.

Qin Yuan said Washington's accusation of currency manipulation was part of its strategy in the trade war, and would have an impact on China 'deeper and wider' than trade disputes. 

While China should seek to avoid further expansion of disputes, policymakers should prepare for long-term currency disputes with the United States, he said, calling on Beijing to work to increase the use of the yuan in international trade operations such as commodity purchases. 

Zhou Xiaochuan, former governor of the People's Bank of China, told the conference that the scope of disputes with the United States could expand from the trade front to other areas, such as political, military and technological. 

Xiaochuan called for efforts to improve the role of the Chinese currency, the yuan, to deal with the challenges of the dollar-dominated financial system.

China's central bank has allowed the yuan to fall seven points against the dollar this week, prompting the United States to accuse China of currency manipulation. President Donald Trump said talks with China could be canceled next month.





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Trump again blames China for trade Empty Evo: The outlook for the global economy has deteriorated in light of the escalating trade dispute

Post by claud39 on Mon Aug 12, 2019 7:14 am

[size=36]Evo: The outlook for the global economy has deteriorated in light of the escalating trade dispute[/size]






12/08/2019








Trump again blames China for trade 101282019_547



 Follow - Mawazine News


Economic prospects deteriorated in all parts of the world during the summer due to the escalating trade dispute between the United States and China, a survey released on Monday showed.
 
The German Ifo economic institute said its quarterly survey of 1,200 experts in more than 110 countries showed its measures of current conditions and economic outlook deteriorated in the third quarter.
 
"Experts expect much weaker growth in global trade," said Clemens Fust, president of the institute, adding that trade expectations were at their lowest since the start of the tariff dispute last year.
 
“Participants also expect greater weakness in private consumption, a larger reduction in investment activities and a decline in short and long-term interest rates,” he said.

US President Donald Trump said on Friday he was not ready for a trade deal with China that he even questioned a round of talks in September, stoking fears in financial markets that the dispute is unlikely to end soon.


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Trump again blames China for trade Empty China, US to hold trade negotiations next month

Post by claud39 on Thu Sep 05, 2019 9:28 pm

China, US to hold trade negotiations next month


11:31 - 05/09/2019







Trump again blames China for trade %D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D9%88%D8%A7%D9%84%D8%B5%D9%8A%D9%86-696x391







China and the United States have agreed to hold high-level trade talks in early October in Washington , the Ministry of Commerce said Thursday.
Trade teams from the two countries will hold talks in mid-September before high-level talks the following month, the ministry said.
Washington began on Sunday to impose 15 percent duties on Chinese imports, while China began to impose new duties on US crude oil. This prompted China to file a complaint against the United States with the World Trade Organization.
US President Donald Trump said on Tuesday he would adopt a "tougher" stance in his second term if China stalled negotiations, exacerbating market fears that trade disputes between the two countries could spark a US recession. Done / 25



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Trump again blames China for trade Empty China to hold trade talks with US in October

Post by claud39 on Sat Sep 07, 2019 6:51 am

China to hold trade talks with US in October


05/09/2019





Trump again blames China for trade 16961







Economy News - Baghdad



China and the United States have agreed to hold high-level trade talks in early October in Washington, the Ministry of Commerce said on Thursday.

The announcement followed a call earlier on Thursday between Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and US Treasury Secretary Stephen Mnuchin, the Chinese Ministry of Commerce said in a statement on its website. Yi Gang, governor of China's central bank, also participated.

"The two sides agreed on the need to work together and take practical steps to create favorable conditions for consultations," the ministry said.

Trade teams from the two countries will hold talks in mid-September before high-level talks the following month, the ministry said.

A spokesman for the US Trade Representative's office confirmed that Lighthaezer and Mnuchin had spoken to Liu and said they had agreed to hold ministerial-level trade talks in Washington "in the coming weeks."

Washington on Sunday began imposing 15 percent tariffs on Chinese imports, while China began imposing new tariffs on US crude oil. This prompted China to file a complaint against the United States with the World Trade Organization.

US President Donald Trump said on Tuesday he would adopt a "tougher" stance in his second term if China stalled negotiations, adding to market fears that trade disputes between the two countries could spark a US recession.



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