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Trump again blames China for trade

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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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Trump again blames China for trade Empty Trump criticizes China's trade practices: "I will not accept a bad deal"

Post by claud39 on Tue Sep 24, 2019 2:50 pm

Trump criticizes China's trade practices: "I will not accept a bad deal"








Trump again blames China for trade 1024






Direct US President Donald Trump drew scathing criticism of Chinese trade practices, pointing out that he would not accept a "bad deal" in the negotiations between Washington and Beijing.

In a speech to the United Nations on Tuesday, Bush said Beijing had failed to deliver on promises it made when it joined the World Trade Organization in 2001 and bad practices have affected millions of jobs in the United States and other countries.

Trump said: "China has not only refused to adopt the promised reforms, but adopted an economic model based on huge market barriers and government subsidies and currency manipulation in addition to the forced transfer of technology and theft of intellectual property."

Trump added that with regard to the United States, those days have ended for unfair practice on the part of China, adding: "The American people are fully committed to restoring balance in our relationship with Beijing."

The US president pointed out: "We hope that we can reach an agreement that benefits both countries, and as I have made clear I will not accept a bad deal."

The United States and China are due to hold formal trade talks early next month after the two sides held deputy-level negotiations last week.







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Trump again blames China for trade Empty Report: Washington is considering restrictions on US investment in China

Post by claud39 on Fri Sep 27, 2019 5:13 pm

Report: Washington is considering restrictions on US investment in China


27 September 2019 07:37 PM







Trump again blames China for trade 1024








Directly: a  news report said that the United States is considering ways to reduce American private investors and financial flows to China.

According to the agency "Bloomberg", citing unnamed sources on Friday, this step would have repercussions on billions of dollars of investments linked to the main indicators.

The discussions are taking place as Washington and Beijing negotiate a possible truce in their trade war that has rocked the world's two largest economies for more than a year and a half.

It also comes at a time when China is removing restrictions on foreign investment in its financial markets, so US restrictions on capital inflows would reveal a new pressure point in the economic conflict and disrupt the billions of tariffs imposed by both sides on Each other, according to the report.

A news report earlier in the day said the United States and China would hold talks on October 10.







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Trump again blames China for trade Empty Trump adviser: We do not rule out positive surprises in trade talks

Post by claud39 on Fri Oct 04, 2019 7:51 pm

Trump adviser: We do not rule out positive surprises in trade talks


04 Oct 2019 06:01 PM





Trump again blames China for trade 1024






Directly: economic adviser to the White House Larry Kodlo said that it is possible to produce a "positive surprises" for trade talks between the United States and China next week in Washington.

"There may be positive surprises coming out of these talks," Kudlow said in an interview with Bloomberg television on Friday.

Trump's adviser explained that China has bought some goods and although it is a small amount, it may be a good sign.

Trade negotiators from the United States and China are due to resume formal trade talks on October 10 in Washington.

Tensions rose recently after reports revealed that Trump administration officials were looking at ways to curb US investor portfolio flows to China, including removing Chinese companies from US stock exchanges, a charge the White House denied.

In another context, US President Donald Trump yesterday called on China to consider an investigation into former Vice President Joe Biden and his son Hunter, after the Democrats in the House of Representatives opened an investigation to question Trump last week.

Kudlow said of Trump's call for China to investigate the Biden case: "I did not talk to the president about it, but this does not really seem to have a significant impact if nothing happens to the Chinese trade talks."

However, Kudlow said strong US support for Hong Kong's democracy protests could have a negative impact on China's trade talks.










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Trump again blames China for trade Empty Trump: There is a very good chance of a trade deal with China

Post by claud39 on Thu Oct 10, 2019 7:30 am

 Trump: There is a very good chance of a trade deal with China


10/10/2019





Trump again blames China for trade 17497





Economy News _ Baghdad
US President Donald Trump says there is a very good chance that the United States and China will reach a trade deal, and that if he can make a deal, he will make it.





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Trump again blames China for trade Empty Officially, Trump announces reaching a trade agreement with China

Post by claud39 on Fri Dec 13, 2019 1:00 pm

Officially, Trump announces reaching a trade agreement with China


13-12-2019


Trump again blames China for trade Image



Baghdad / news
The United States and China announced today, Friday, the "first stage" agreement to end the burning trade war between the two countries.
US President Donald Trump said in two tweets he posted on his official account on Twitter: “We agreed on a very big deal for the first stage with China. They agreed to make many structural adjustments and buy huge quantities of agricultural, energy and industrial goods in addition to many things. very".




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Trump again blames China for trade Empty The US Treasury considers the trade agreement with China to boost the global economy

Post by claud39 on Sat Dec 14, 2019 12:52 pm


[ltr]The US Treasury considers the trade agreement with China to boost the global economy[/ltr]



12/14/2019



Trump again blames China for trade Story_img_5df517397a1ca



{International: Al Furat News} US Treasury Secretary Stephen Mnuchin confirmed today, Saturday, that the "first stage" of the trade agreement between the United States and China is "very good" for global economic growth, expecting that the second stage will be divided into several steps.

On Friday, Washington and Beijing calmed the pace of their trade war by announcing the first-stage agreement, which cuts US tariffs in exchange for what US officials describe as the "Great Leap", which will affect Chinese purchases of US agricultural products and other goods.

Mnuchin said: "The full details of the new agreement on the first stage will be announced later on Saturday or Sunday, after the parties agree to draft."
"We believe that its implementation will be completed in January, and after that we will move to the second phase," he told the Doha forum. Whereas, "the most important thing is to make sure that we are implementing the first stage according to an enforceable agreement, and it really is. Then we will start negotiating the second stage."


He indicated that "there is still an important issue that was not agreed upon in the second stage," noting that it might be divided into several steps.
He pointed out that the agreement with China aims to enhance trade exchange between the two countries for many years, noting that the agreement will be "very good" for global growth.


Mnuchin also expressed his belief that "the policy of American maximum pressure on Iran is bearing fruit, and that it has succeeded in a great way in limiting Tehran's ability to support what Washington considers terrorist groups abroad." is over





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Trump again blames China for trade Empty China pledges to boost purchases of American goods to sign the interim trade agreement

Post by claud39 on Tue Jan 14, 2020 2:30 pm

[size=32]China pledges to boost purchases of American goods to sign the interim trade agreement[/size]


- 30 Minutes Ago


Trump again blames China for trade %D8%A7%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-257x241



An informed source said, China pledges to purchase manufactured goods with an additional value of about $ 80 billion from the United States over the next two years, in addition to more than $ 50 billion in additional energy supplies under a trade agreement that will be signed with Beijing tomorrow, Wednesday.

The source, who was briefed on the trade agreement, told Reuters on Tuesday that Beijing will also increase US services purchases by about 35 billion dollars during the same two years, to support a sector enjoying a rare trade surplus with China.

The stage one agreement calls for China to raise its purchases of American agricultural products by about 32 billion dollars within two years, or nearly 16 billion dollars annually.
Combined with the base figure for US agricultural exports of $ 24 billion in 2017, the total is close to $ 40 billion, which is the annual goal promoted by President Donald Trump.

And the stage number one of the Sino-US trade agreement signed in Washington tomorrow, Wednesday, is a first step to end the long trade war, which has reduced global growth and weakened demand for oil.

In 2019, the Chinese trade surplus with the United States decreased to about 295.8 billion dollars from 323.33 billion dollars in 2018, which also supports Trump's position, which pledged to reduce China's trade surplus with his country.

In exchange for Chinese obligations, the Trump administration will back down from imposing new customs duties on China, and reduce by half that imposed on September 1, $ 120 billion in Chinese goods.

The United States still imposes duties on Chinese imports of $ 370 billion, and stage 2 negotiations may approach even more difficult issues, including Chinese subsidies to state-owned enterprises and industrial policies that are believed to create an unfair competitive environment.

Stop commercial bleeding
For his part, Myron Brilliant, Executive Vice President of the American Chamber of Commerce, said that the interim agreement "will stop the bleeding", but it will not end the trade war, warning that serious challenges remain.

Brilliant added, in media statements in the Chinese capital, yesterday, Monday, that "it is clear that the two sides breathed a sigh of relief" thanks to the agreement expected to be signed in Washington, tomorrow, Wednesday.

He said the depth of Phase 1 agreement was more positive than initially thought. He continued, "The implementation of stage 1 will be important for building confidence and certainty and building on the success of the negotiations."

He indicated that he had taken note of the overall content of the agreement without seeing it. He added that the Phase 1 agreement "stops the bleeding", but "at the same time, it is important for the two sides to show an obligation to move forward to Phase 2 negotiations."

"Serious challenges remain," he said, because fundamental structural issues at the heart of the bilateral dispute have not been largely resolved. There is still a lot of unfinished work on fees still being charged.

Drop the coin manipulation
In the context, the US Treasury dropped its decision, which dates back to August, to mark China as a currency manipulator, which led to the rise of the Chinese yuan in today's trading to the highest level since last July, and observers considered it an indication of good intentions before signing the interim commercial truce agreement , tomorrow is Wednesday.

In domestic transactions, the yuan rose to 6.8731 to the dollar, its highest level since late July. It was in the latest settlement at 6.8842. The yuan also rose in foreign transactions to the highest level in six months, reaching 6.8662 yuan before retreating.

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Trump again blames China for trade Empty U.S., China set to sign massive purchases deal, easing trade war

Post by claud39 on Wed Jan 15, 2020 8:49 am

[size=34]U.S., China set to sign massive purchases deal, easing trade war[/size]


Jan 15, 2020



[size=34]Trump again blames China for trade LYNXMPEG0E12Q_L
[/size]


By David Lawder




WASHINGTON (Reuters) - The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy and services.


The Phase 1 agreement caps 18 months of tariff conflict between the world's two largest economies that has hit hundreds of billions of dollars in goods, roiling financial markets, uprooting supply chains and slowing global growth.


Trump and Liu are scheduled to sign the 86-page document, at a White House event before over 200 invited guests from business, government and diplomatic circles.
A translation of the text to Chinese was still being completed late on Tuesday afternoon, as Liu met with U.S. Trade Representative Robert Lighthizer.


Trump has already begun touting the trade deal as a centerpiece of his 2020 re-election campaign, calling it "a big beautiful monster" at a rally in Toledo, Ohio last week.


"Our farmers will take it in. I keep saying, 'Go buy larger tractors, go buy larger tractors,'" Trump said.


The centerpiece of the deal is a pledge by China to purchase an additional $200 billion worth of U.S. goods over two years to cut a bilateral U.S. trade deficit that peaked at $420 billion in 2018.


A source briefed on the agreement told Reuters that China will purchase an additional $80 billion worth of U.S. manufactured goods over the two year period, including aircraft, autos and car parts, agricultural machinery and medical devices.


Beijing will boost energy purchases by some $50 billion and services by $35 billion, while agricultural purchases will get a $32 billion lift over the two years, all compared to a 2017 baseline of U.S. exports to China, the source said.


When combined with the $24 billion in 2017 farm exports, the $16 billion annual increase approaches Trump's goal of $40 billion to $50 billion in annual agricultural sales to China.


Although the deal could be a big boost to farmers, planemaker Boeing (N:BA), U.S. automakers and heavy equipment manufacturers, some analysts question China's ability to divert imports from other trading partners to the United States.


"I find a radical shift in Chinese spending unlikely. I have low expectations for meeting stated goals," said Jim Paulsen, chief investment strategist at Leuthold Group in Minneapolis. "But I do think the whole negotiation has moved the football forward for both the U.S. and China."


TARIFFS TO STAY


The Phase 1 deal, reached in December, canceled planned U.S. tariffs on Chinese-made cell phones, toys and laptop computers and halved the tariff rate to 7.5% on about $120 billion worth of other Chinese goods, including flat panel televisions, Bluetooth headphones and footwear.


But it will leave in place 25% tariffs on a vast, $250 billion array of Chinese industrial goods and components used by U.S. manufacturers.


Evidence is mounting that these tariffs have raised input costs for U.S. manufacturers, eroding their competitiveness.


Diesel engine maker Cummins Inc (N:CMI) said on Tuesday that the deal will leave it paying $150 million in tariffs for engines and castings that it produces in China.


The company issued tepid statement of approval on Tuesday: "We believe this is a positive step and remain optimistic that all parties will remain at the table in order to create a pathway to eliminate all of the instituted tariffs."


Lighthizer and Mnuchin moved to stamp out suggestions that the U.S. and China may review possible removal of more tariffs after the November U.S. election, issuing a joint statement that there were no written or oral agreements for future tariff reductions.


Mnuchin later told reporters that Trump could consider easing tariffs if the world's two largest economies move quickly to seal a Phase 2 follow-up agreement.


CORE ISSUES UNTOUCHED


The deal includes pledges by China to forbid the forced transfer of American technology to Chinese firms as well as to increase protections for U.S. intellectual property.


But it stops well short of addressing the core U.S. complaints about China's trade and intellectual property practices that prompted the Trump administration to pressure Beijing for changes in early 2017.


The deal contains no provisions to rein in rampant subsidies for state-owned enterprises, which the administration blames for excess capacity in steel and aluminum and says threaten industries from aircraft to semiconductors.
It also fails to address digital trade restrictions and China's onerous cybersecurity regulations that have hobbled U.S. technology firms in China.


Mnuchin and Lighthizer said these issues are key U.S. priorities for Phase 2 negotiations with China.


FINANCIAL SERVICES, CURRENCY, ENFORCEMENT


China has agreed in the Phase 1 deal to open its financial services sector more widely to U.S. firms, and to refrain from deliberately pushing down its currency to gain a trade advantage, the latter prompting Treasury to drop its currency manipulator label on Beijing.


While China has made such pledges in the past, a key difference that the Trump administration is touting is an enforcement mechanism to ensure compliance and resolve disputes.


But the enforcement relies on reimposition of tariffs if disputes cannot be resolved, returning the two countries to the current status quo.



(This story has been refiled to add Chinese vice premier's name in first paragraph)

https://www.investing.com/news/stock-market-news/us-china-set-to-sign-massive-purchases-deal-easing-trade-war-2059671
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Trump again blames China for trade Empty China Tariffs to Stay Put Until After U.S. Vote Despite Deal

Post by claud39 on Wed Jan 15, 2020 9:05 am

[size=34]China Tariffs to Stay Put Until After U.S. Vote Despite Deal[/size]


Jan 14, 2020



[size=34]Trump again blames China for trade Pic1bec78b841128083748a4b48ebc20e9b
[/size]



(Bloomberg) -- Existing tariffs on billions of dollars of Chinese goods coming into the U.S. are likely to stay in place until after the American presidential election, and any move to reduce them will hinge on Beijing’s compliance with the terms of a phase-one trade accord, people familiar with the matter said.


The two sides have an understanding that no sooner than 10 months after the signing of the agreement at the White House Wednesday, the U.S. will review progress and potentially trim tariffs now in place on $360 billion of imports from China, the people said, declining to be identified because the matter is private.


The period of review, which is not expected to be specified in the deal’s text, is intended to give the Trump administration time to verify the Asian nation’s adherence to the terms of the pact.


Officials have said before they will release the text of the 86-page agreement in conjunction with the signing and denied that there’s a plan to cut duties further.


“The only non-public component of the agreement is a confidential annex with detailed purchase amounts, which has been previously described,” U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin said in a joint emailed response to questions. “There are no other oral or written agreements between the U.S. and China on these matters, and there is no agreement for future reduction in tariffs.”


The news wiped out gains in American stocks, where major benchmarks had hit fresh records. Treasury yields dipped and the dollar slipped versus the yen.


Remaining Duties


The U.S. agreed not to go ahead with a new tranche of tariffs in December and to reduce the rate on about $120 billion of Chinese products as part of the deal. But the fate of the remaining duties has been unclear, with economists saying they are likely to continue to be a drag on both economies.


Intrigue surrounding the accord is high because the White House has gone to unusual lengths to prevent public scrutiny of the terms in advance of its enactment.


 Congressional staff have been required to read the agreement in secure facilities at the Capitol and haven’t been provided copies, and for more than a month U.S. officials have said they were still working on translating the terms to and from Chinese.


The timetable would allow President Donald Trump to keep existing levies in place until after voters decide whether he should get a second term, pushing off an issue that could prove objectionable to his core supporters. Trump has claimed the duties on China as one of his greatest economic achievements, labeling himself “Tariff Man.”


Relief on duties is also a sensitive matter for financial markets, which have gyrated with the multiple mood swings during the course of a two-year dispute that’s raised uncertainty about the outlook for the global economy.


After the first phase takes effect, the U.S. will maintain 25% tariffs on $250 billion of Chinese imports and a 7.5% levy on another $120 billion. China didn’t commit to specific tariff reductions under the agreement, but instead has vowed to exempt certain U.S. products from its duties in order to meet the purchasing targets laid out in the deal.


The U.S. presidential election is set for Nov. 3.


(Updates with market reaction in sixth paragraph)

https://www.investing.com/news/economy/china-tariffs-to-stay-put-until-after-us-vote-despite-deal-2059363
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Trump again blames China for trade Empty US Treasury Secretary: The US-China trade agreement is fully enforceable and documents announced today

Post by claud39 on Wed Jan 15, 2020 1:01 pm

US Treasury Secretary: The US-China trade agreement is fully enforceable and documents announced today


15/01/2020





Trump again blames China for trade 18668





Economy News _ Baghdad

US Treasury Secretary Stephen Mnuchin said that the first stage of the trade agreement between the United States and China will be fully enforceable, including a pledge by China to refrain from manipulating its currency.

Mnuchin told Fox Business Tuesday that documents of the trade agreement will be announced on Wednesday, when US President Donald Trump will sign the agreement with Chinese Vice Prime Minister Liu He at a ceremony at the White House.

He said that China pledges to purchase additional US goods and services worth 200 billion dollars over the next two years under the agreement, adding that American companies and farmers may reap more gains once dealing with structural reforms in the stage two agreement.





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Trump again blames China for trade Empty Quiet movements of currencies after the trade agreement between America and China

Post by claud39 on Thu Jan 16, 2020 7:50 am

 Quiet movements of currencies after the trade agreement between America and China


16/01/2020





Trump again blames China for trade 18714



Economy News _ Baghdad



Major currencies largely ignored on Thursday the signing of the one-stage trade agreement between the United States and China, as most of the issues agreed upon had been expected by investors since the summer.

And the euro against the dollar in its most recent trading rose 0.1 percent to $ 1.1164, which corresponds to the highest level in a week that reached the previous day.

An index tracking the performance of the greenback fell against a basket of six competing currencies, to an eight-month low of 97.14.

Beijing and Washington praised the one-stage agreement signed on Wednesday night at the White House as a step forward in settling their bitter trade dispute.

US Vice President Mark Pence has fueled optimism for further progress, saying that stage two talks have already begun.

The Chinese yuan, the currency most affected by the nearly two-year-old trade dispute between the United States and China, rose 0.1 percent to 6.8852 dollars to the dollar on the foreign market, near a six-month high of 6.8662 that jumped to on Tuesday.

The Japanese safe-haven currency fell 0.1 percent to 110.03 dollars, while the Australian dollar rose 0.1 percent to 0.6916 dollars. The currencies are measures of stress.

Sterling increased to a six-day high of $ 1.3065. Against the euro, it was trading at 85.45 pence, up 0.1 percent.





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Trump again blames China for trade Empty China: The purchase of US agricultural products will not affect imports from other countries

Post by claud39 on Tue Jan 21, 2020 7:02 am

China: The purchase of US agricultural products will not affect imports from other countries


21/01/2020



Trump again blames China for trade 18768





Economy News _ Baghdad

An official with the Chinese Ministry of Commerce said that Beijing's purchases of American agricultural products will not affect its imports from other countries.

The official told Li Chengqian to a press conference that China welcomes the entry of competitive American products to its markets and hopes that the United States will work to create favorable conditions for export to China.

He added that China will increase imports as dictated by market conditions and in line with WTO rules.
Beijing had agreed to major purchases of US agricultural products as part of a preliminary trade agreement signed last week, but doubts remain regarding a number of issues in this regard.







http://economy-news.net/content.php?id=18847
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Trump again blames China for trade Empty CHINA CALLS ON AMERICA TO "RESPECT EACH OTHER" AND PLEDGES TO FULFILL THE 2020 GOALS

Post by claud39 on Fri May 29, 2020 9:47 am

CHINA CALLS ON AMERICA TO "RESPECT EACH OTHER" AND PLEDGES TO FULFILL THE 2020 GOALS







29/05/2020






Trump again blames China for trade %D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D8%AA%D8%AF%D8%B9%D9%88-%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D8%A7-%D8%A5%D9%84%D9%89-%C2%AB%D8%A7%D8%AD%D8%AA%D8%B1%D8%A7%D9%85-%D9%85%D8%AA%D8%A8%D8%A7%D8%AF%D9%84%C2%BB-%D9%88%D8%AA%D8%AA%D8%B9%D9%87%D8%AF-%D8%A7%D9%84%D9%88%D9%81%D8%A7%D8%A1-%D8%A8%D8%A3%D9%87%D8%AF%D8%A7%D9%81-2020








Chinese Prime Minister Li Keqiang said Thursday that China will be able to fulfill the tasks and goals for the entire year 2020, and complete building a moderately prosperous society in all respects, explaining that his country will strive to achieve economic growth this year to recover from the consequences of the Corona pandemic, They promised to give more support to the economy if it faced more turmoil.


"We will do our best to maintain the stability of economic growth in China, and at the same time we must ensure that all measures taken are well calculated," Li was quoted by Xinhua as saying at a press conference after the conclusion of the annual session of the National People's Congress. ». He said that the country maintains a political space on the financial, social security and other fronts, and is in a strong position allowing it to implement new measures quickly if the situation requires it without any hesitation, adding that it is necessary to maintain economic development in China on a steady path.


He noted that maintaining the stability of China's economic fundamentals in itself would be a contribution to the whole world, and China would remain a positive force driving global recovery and economic growth.


In response to a question from "Reuters", he said that China does not need a huge stimulus, but growth remains important and liquidity will be increased because "exceptional situations require exceptional measures."


Investors expected Beijing to unveil massive stimulus measures to lift the world's second largest economy from an unprecedented downturn, and some were disappointed by the unusual decision not to set a target growth.




Li stressed that the focus in policymaking is currently on ensuring stable employment, financial operations, foreign trade, foreign and domestic investment, and market expectations. He said: "We can put forward new policies in a timely manner and we will not hesitate to maintain a stable process for the Chinese economy because this is of the utmost importance."


The government has pledged more government spending and targeted a fiscal deficit of at least 3.6 percent of GDP. According to Reuters calculations, the stimulus the government plans to introduce is equivalent to 4.1 percent of GDP.


On the other hand, Li said that China and the United States should respect each other's fundamental interests and strive to resolve their differences, adding that separating the economies of the two countries is not in the interests of the world.


"I believe that both countries should respect the other, develop a relationship on the basis of equality, respect the fundamental interests of each other, address the main concerns and adhere to cooperation," he stressed.




He expressed the hope that the two countries would overcome their differences and said: “We always reject the Cold War mentality. The separation of the two major economies will not benefit anyone, but will harm the world. ”


Sino-US relations are already tense over trade and technology and Washington's accusations of Beijing over its handling of the Corona virus outbreak in China.













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Trump again blames China for trade Empty China begins the steps to dispense with the US dollar

Post by claud39 on Thu Jun 25, 2020 6:51 pm

China begins the steps to dispense with the US dollar


- 25/06/2020





Trump again blames China for trade %D8%A7%D9%85%D8%B1%D9%8A%D9%83%D8%A7-%D8%A7%D9%84%D8%B5%D9%8A%D9%86-696x435



Information / Baghdad ..

A Russian website that specializes in economic affairs has monitored Chinese steps that pave the way to stop dealing in the American currency, pointing out that Beijing is storing gold for strategic purposes.

In this context, the "expert" website mentioned that the Chinese gold mining companies carry out large-scale activities in the field of gold mining, and accepts the purchase of other mining mining industries around the world with remarkable activity.

The report monitored the latest Chinese deals in this field, noting that the Chinese company “Zijin Mining Group” purchased in early June the “Guyana Goldfields” Corporation, a medium-level gold producer mainly engaged in exploring, developing and exploiting deposits in Guyana, located in South America, in exchange for 323 million Canadian dollars.

This company last year produced about 150,000 ounces of gold, and the China Mining Company insisted on taking it, despite its high price of 35% due to competition from another company.

And the Chinese company itself acquired last March the mining company "Continental Gold Inc", which owns "Puerto Rica", which is one of the largest projects of gold production in the world with high reserves estimated at 3.7 million ounces, and paid for it 1.3 billion Canadian dollars.

The report concluded that China, after its acquisition of these new foreign assets, has become the largest producer of "yellow metal" in the world, noting that this behavior indicates that Beijing is storing gold for strategic purposes.

The competent website stated that China has been sending signals to the world that the dollar's dominance must end, and this trend has gained new strength in light of the confrontation with the United States, and Washington's threat to impose sanctions on Beijing.

Statements by Chinese officials warning that the United States will soon be able to impose severe and real sanctions have increased recently, and perhaps this is what prompted Fang Haixing, vice chairman of the China Securities Regulatory Commission, to say that China's dependence on the international financial system based on the dollar makes it vulnerable At risk.

The report said that China appears to have plans to change the global financial system to another based on the gold standard, which will allow the implementation of the main geopolitical goal of China, which is to get rid of the system of settlement of transactions in dollars.

China expects that in the future gold will become a reserve currency, and on its base in particular, the global financial system will be built, which will take the place of the current system.


 Ended / 25








https://www.almaalomah.com/2020/06/25/481744/
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