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Keyword: trumpchina

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  • China to halve retaliatory tariffs on hundreds of US goods

    02/05/2020 11:50:34 PM PST · by Dana1960 · 36 replies
    CNBC ^ | FEB 5 2020 | Weizhen Tan & Evelyn Cheng
    Retaliatory duties on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China’s Ministry of Finance. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to. The statement said the move was made in order to “advance the healthy and stable development of China-U.S. trade.” China said that the next adjustment will depend on how Sino-U.S. trade ties evolve, adding it hopes to work with Washington to completely eliminate all tariff increases.
  • The Phase One U.S.-China Trade Deal Is A Serious Win For The United States; But This Is Not a Time to be Complacent

    01/24/2020 8:55:22 AM PST · by SeekAndFind · 4 replies
    The Federalist ^ | 01/24/2020 | Helen Raleigh
    I was very skeptical when U.S. and Chinese officials announced the two nations had reached a “Phase One” trade deal last December. Neither country released any details regarding the agreement. Chinese officials have been exceptionally muted since the announcement, only emphasizing that the United States would remove a number of tariffs, without mentioning any commitments China had made. Neither the United States nor China even articulated a specific dollar amount of the additional U.S. farm products China pledges to purchase.Last week, both the White House and the U.S. Trade Representative’s Office posted the full text of the agreement, immediately...
  • Trump’s Trade Deal with China is a Steroid Shot for the U.S. Economy

    01/17/2020 5:49:14 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | January 16, 2020 | Marc Lotter
    President Trump has just signed one of the most consequential trade deals in American history — an agreement that promises to benefit the U.S. economy for decades to come. The "Phase One" trade deal with Beijing is a massive economic and diplomatic victory for the President, who successfully convinced communist China to abandon some of its most egregious trade abuses while at the same time dramatically increasing its purchases of U.S. exports. China has committed to purchasing $200 billion worth of American goods over two years, including $75 billion of U.S. manufacturing products alone. In addition, China will buy $50 billion...
  • Trump’s China Deal Phase One Is a Home Run

    01/17/2020 3:31:51 AM PST · by Kaslin · 25 replies
    Townhall.com ^ | January 17, 2019 | Scott Ruesterholz
    Even as Democrats try to undermine President Trump on the world stage with their partisan impeachment circus, he continues to forge ahead, signing a truly historic “Phase One” trade deal with China on Wednesday. This deal serves as a total validation of Trump’s tariff-oriented trade strategy, will provide a material boost to the US economy in 2020-2021, and could lay the groundwork for a smarter relationship with China over the coming decade. For two years, Democrats and Chamber of Commerce Republicans told us Trump would make no progress confronting China with tariffs. They would crush the US economy, and the...
  • Cramer says ‘tariffs worked,’ Trump’s strategy forced China to agree to a trade deal

    01/16/2020 12:31:12 PM PST · by rintintin · 28 replies
    CNBC ^ | Jan 15 2020 | Matthew J. Belvedere
    CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a “phase one” trade deal with the United States. “I keep wondering when people are going to recognize that it is historic that tariffs did succeed,” Cramer said on “Squawk on the Street,” shortly before U.S. and Chinese officials were set to sign the initial trade agreement at the White House later in the morning.
  • Forget Trump's rhetoric, phase 1 of a trade deal with China is reportedly close after all

    12/04/2019 10:55:47 AM PST · by SeekAndFind · 2 replies
    Business Insider ^ | 12/04/2019 | Yusuf Khan
    A trade deal between the US and China is inching closer after all. Bloomberg News, citing people familiar with the matter, reported that the two sides are close to agreeing the amount of tariffs to be rolled back in the "phase one deal." Officials are getting closer on the specifics of tariff relief, the news organization reported. Stocks pushed higher on the news at 9:30 a.m. in London (4:30 a.m.) with US futures underlying the Nasdaq and S&P 500 rising at least 0.5%. The DAX, Euro Stoxx 50, and CAC indexes all soared more than 1%. "US negotiators expect a...
  • US stock futures fall on report China wants more talks before signing ‘phase one’ trade deal

    10/14/2019 5:45:47 AM PDT · by RummyChick · 43 replies
    CNBC ^ | 10/14/2019 | Imbert and Merideth
    U.S. stock index futures fell Monday after Bloomberg reported China said it needed to have further discussions before it would sign off on the so-called phase one trade deal U.S. President Donald Trump touted on Friday Around 7 a.m. ET, Dow Jones Industrial Average futures traded down 87 points, pointing to a loss of about 80 points at the open. Dow futures briefly dropped more than 100 points. S&P 500 and Nasdaq 100 futures indicated a lower open as well. Futures were marginally higher earlier in the session before taking a leg lower on the Bloomberg report. The report, which...
  • Trump says Chinese demand after 'greatest deal ever made' may overwhelm US farmers

    10/12/2019 10:32:07 AM PDT · by 2ndDivisionVet · 71 replies
    Fox Business News ^ | October 12, 2019 | Megan Henney
    President Trump lauded the partial trade agreement he struck with China this week, calling it the “greatest and best” deal in a tweet Saturday morning. As part of the deal -- which Trump and President Xi Jinping could sign as soon as next month -- China agreed to raise its agricultural purchases to between $40 billion and $50 billion from $8 billion to $16 billion and to make certain reforms on intellectual property and financial services. The U.S. will not raise tariffs on Oct. 15 from 25 percent to 30 percent. It’s still unclear whether Trump plans to halt another...
  • China open to 'partial trade deal' with US, as tensions rise – live

    10/09/2019 3:03:39 AM PDT · by cba123 · 13 replies
    The Guardian ^ | Today | Graeme Wearden
    There’s some scepticism about the idea of a partial trade deal between the US and China, despite Beijing’s apparent enthusiasm. Jon Ferro of Bloomberg doesn’t believe Washington will embrace the idea when talks resume tomorrow. Jonathan Ferro (@FerroTV) So China is still open to a partial deal despite tensions ratcheting up. No sign that the below will be enough to bring the US along with them... https://t.co/yOxrugLKRJ pic.twitter.com/sBnCfntD4T October 9, 2019 Foreign exchange trader Marc-André Fongern points out that any partial deal could easily unravel: Marc-André Fongern (@Fongern_FX) [*CHINA IS OPEN TO PARTIAL U.S. TRADE DEAL DESPITE TECH BLACKLIST] ......
  • China grants tariff exemptions to 16 types of US goods ahead of trade war talks

    09/11/2019 10:19:09 AM PDT · by SeekAndFind · 12 replies
    South China Morning Post ^ | 09/11/2019 | Teddy Ng, Wendy Wu
    Beijing announced the exemption plan in May and invited interested parties to apply to have certain products added to the list. A second round of applications started last week. The commission said it “will continue to conduct the work of tariff exemption on US goods and will announce follow-up waiver lists at appropriate times”. The statement came as top trade negotiators from China and the United States prepare to meet in Washington next month in their latest attempt to resolve their trade war. Working level preparations for the meeting are currently under way. China is expected to agree to buy...
  • China waives tariffs on some US goods for first time since the trade war began

    09/11/2019 9:03:04 AM PDT · by Innovative · 9 replies
    CNN ^ | Sept. 11, 2019 | Laura He and Steven Jiang
    China just waived import tariffs on more than a dozen US goods. It's the first time Beijing has issued such exemptions since the US-China trade war began. The Chinese government issued tariff exemptions on 16 products, including shrimp, fish meal and cancer treatment drugs. Chinese importers can apply for a refund of tariffs already levied on 12 of the products. Four products, including whey, are eligible for the exemption but not for refunds. The exemptions will start September 17 and last for a year.
  • Steve Bannon's Warning On China Trade War (w/ Kyle Bass 8-21-19)

    08/26/2019 7:46:16 AM PDT · by Texas Fossil · 8 replies
    Steve Bannon, former White House Chief Strategist, sits down with hedge fund giant Kyle Bass to discuss America’s current geopolitical landscape regarding China. Bannon and Bass take a deep dive into Chinese infiltration in U.S. institutions, China’s aggressiveness in the South China sea, and the potential for global conflict in the next few years. Filmed on October 5, 2018 at an undisclosed location.
  • China blinks on trade, wants 'calm' talks

    08/26/2019 8:44:08 AM PDT · by SeekAndFind · 17 replies
    American Thinker ^ | 08/26/2019 | Thomas Lifson
    The corporate media will never admit it, but President Trump has masterfully lined up support for America's pressure on China, and China has blinked and now wants "calm" talks.  Reuters reports: China is willing to resolve its trade dispute with the United States through "calm" negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He, who has been leading the talks with Washington, said on Monday. (snip) Liu, speaking at a tech conference in southwest China's Chongqing, said nobody benefited from a trade war. "We are willing to resolve the issue through consultations and cooperation in a calm attitude and...
  • Trump 'hereby orders' US companies to leave China after attacking Fed chair

    08/23/2019 10:14:35 AM PDT · by MAGA_patriot · 82 replies
    The Guardian ^ | 8/23/2019 | Dominic Rushe
    Donald Trump ordered US companies to leave China on Friday after launching another blistering attack on Federal Reserve chairman Jerome Powell, asking “who is our bigger enemy, Jay Powell or [China’s] Chairman Xi?” Moments after Federal Reserve chairman, Jerome Powell, warned the US central bank was facing a “new challenge” as it deals with the Trump administration’s seesaw trade policies and ongoing dispute with China, Trump went on a Twitter rampage calling for a US boycott.
  • Yield curve inverts again on Friday as Trump reignites fears the trade war will lead to a recession

    08/23/2019 10:41:11 AM PDT · by Berlin_Freeper · 25 replies
    CNBC.com ^ | AUG 23 2019 | Thomas Franck
    The critical spread between the 10-year Treasury yield and the 2-year Treasury yield inverted Friday after President Donald Trump characterized China President Xi Jinping as an “enemy” and ordered American companies to steer clear of trade with Beijing. The president tweeted Friday morning that he was ordering “our great American companies” to “immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
  • "Trump says he delayed tariffs because of concerns over Christmas shopping season"

    "Trump says he delayed tariffs because of concerns over Christmas shopping season" “We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “Just in case some of the tariffs would have an impact on U.S. customers.” “So far they’ve had virtually none,” the president added. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.”
  • The Trade War Isn’t The Only Reason For The Dow’s Big Drop (Why Trade Talks With China Broke Down)

    08/08/2019 9:54:59 AM PDT · by SeekAndFind · 12 replies
    The Federalist ^ | 08/08/2019 | By Willis L. Krumholz
    Last week, President Trump threatened to place a 10 percent tariff on $300 billion worth of Chinese imports on September 1 unless trade talks with China showed more sign of progress. Already, America has tariffed $250 billion of Chinese imports at 25 percent, and if tariffs are placed on the $300 billion basket of goods, this would increase tariffs on all Chinese imports to the United States.President Trump is unhappy that talks last week in Beijing between Chinese officials and U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin broke down. He’s also unhappy that China hasn’t...
  • We Are Winning, Big time, Against China

    08/14/2019 12:26:42 PM PDT · by Enlightened1 · 29 replies
    Twitter ^ | 08/14/19 | Donald J. Trump
    We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut.... ..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us...
  • Pew survey: 60% in US hold dim view of China amid trade war

    08/13/2019 8:35:20 AM PDT · by Olog-hai · 21 replies
    Associated Press ^ | August 13, 2019 | Paul Wiseman
    A new Pew Research Center poll finds that 60% say they have an unfavorable view of China — up from 47% last year to the highest proportion since Pew started asking the question 14 years ago. The survey results being released Tuesday found that 24% of Americans regard China as America’s top threat for the future, the same percentage that said so of Russia. North Korea (12 was the only other country to draw double-digit concern. […] Still, the poll finds that only 41% of Americans believe that China’s growing economy is a bad thing for the United States, compared...
  • China exchange rate drop could continue into 2020 as it tries to offset US tariff impact: Analysts

    08/05/2019 9:48:58 AM PDT · by SeekAndFind · 65 replies
    South China Morning Post ^ | 08/05/2019 | by Karen Yeung and He Huifeng
    The decline of China’s yuan on Monday to its lowest level in 11 years against the US dollar could continue into 2020 amid the apparent shift in its policy stance by the Chinese authorities, who are showing increasing reluctance to provide concessions to resolve its trade war with the United States. The Chinese currency’s drop has also rattled the currency market, sending 11 regional currencies lower. The yuan slid 1.3 per cent to 7.0298 against the dollar on Monday in response to President Donald Trump’s threat to impose a new 10 per cent tariff on the US$300 billion of Chinese...