US China trade war

Reports on political activity with strategic consequences.
krzepice1976
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Fri Jun 15, 2018 8:59 pm

WASHINGTON/BEIJING: US President Donald Trump on Friday slapped a stiff 25 per cent tariff on $50 billion worth of Chinese goods, as he accused Beijing of intellectual property theft and unfair trade practices, triggering a full-fledged trade war between the world's two largest economies.
In a statement, Trump said 25 per cent tariffs will be applied to Chinese goods that "contain industrially significant technologies."
Trade between the two countries "has been very unfair, for a very long time," Trump said, adding that "this situation is no longer sustainable."
Trump warned China of more tariffs if Beijing retaliated on the announcement.
"In light of China's theft of intellectual property and technology and its other unfair trade practices, the United States will implement a 25 per cent tariff on $50 billion of goods from China that contain industrially significant technologies," he said.
This includes goods related to China's 'Made in China 2025' strategic plan to dominate the emerging high-technology industries that will drive future economic growth for China, but hurt economic growth for the US and many other countries, he said.
"America can no longer tolerate losing its technology and intellectual property through unfair economic practices," he said.

https://timesofindia.indiatimes.com/bus ... 606581.cms

krzepice1976
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Fri Jun 15, 2018 9:02 pm

‍China will launch an immediate, powerful response to US tariffs on billions of dollars' worth of Chinese goods, threatening to target US goods on the same scale and intensity, a spokesperson for the Chinese Ministry of Commerce (MOFCOM) said on Friday.

"China does not want to fight a trade war, but in the face of the US' short-sighted actions that hurt both itself and others, China has to respond powerfully to protect our national interests," the unidentified spokesperson said in the statement.

The spokesperson said that previous agreements reached in negotiations would be canceled.
http://www.globaltimes.cn/content/1107164.shtml

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KimPossible
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Sat Jun 16, 2018 3:14 pm

See I like my beef, and my canned beer. I suck at economics, but can someone tell me how much higher the prices could go in steel, alu, and meat products could go up in the US. As it is the US gets like 50 percent of its beef from China, and most our steel and alu from the EU/China/Canada. Raising taxes on those items certain will raise the price yes? If so how much just a logical guess, anyone...
MAGA = Morons Are Governing America

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ThunderStealer
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Sun Jun 17, 2018 4:23 pm

My guess, take the current price of what you buy, and add 25% for a rough idea of how the price hike is gonna look. Tax hikes can't be all bad, after all, cigarettes are taxed into oblivion but no one bothered to ask the poor and middle class how they felt about a $3 pack going up to $6-7 per, in the name of public health. So obviously, tax hikes are great and have no noticeable affect on anyone. Just ask the politicians who are paid in tax dollars.
All Trump's trying to do here is level the playing field. I see going something like this "you tax us, we'll tax you back. If you want to screw us even more, we'll screw you over just as hard. It kinda makes you want to significantly drop the tariffs so you get screwed less, doesn't it?"
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krzepice1976
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Tue Jul 03, 2018 8:44 pm

Chinese officials and experts on Tuesday urged the US government to treat Chinese companies fairly, after the US reportedly moved to bar Chinese telecom giant China Mobile from entering its market.

"We urge relevant sides in the US to drop the outdated Cold War thinking and zero-sum games, correctly view relevant issues and stop unwarranted speculation and unreasonable suppression of Chinese companies," Lu Kang, spokesperson for the Chinese Ministry of Foreign Affairs, told a press briefing in Beijing.

The spokesperson further called on the US to create a fair environment for Chinese companies in the US and "do more things that are conducive to the mutual trust and cooperation between China and the US."

Lu was responding to questions regarding a reported move by the US government to block China Mobile from providing services in the US market.
http://www.globaltimes.cn/content/1109370.shtml

krzepice1976
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Fri Jul 06, 2018 8:29 am

The United States hiked tariffs on Chinese imports Friday and Beijing said it would be forced to counterattack in a dispute between the world's two biggest economies that President Donald Trump says he is prepared to escalate.

China's Commerce Ministry said it would be "forced to make a necessary counterattack." It gave no immediate details but Beijing earlier released a target list of American goods for retaliation including soybeans, electric cars and whiskey.

https://www.apnews.com/amp/e319be1a6c32 ... ssion=true

krzepice1976
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Fri Jul 06, 2018 8:30 am

China's says it is "forced to make a necessary counterattack" to a U.S. tariff hike on billions of dollars of Chinese goods but gave no immediate details of possible retaliation.

The Commerce Ministry on Friday criticized Washington for "trade bullying" following the tariff hike that took effect at noon Beijing time in a spiraling dispute over technology policy that companies worry could chill global economic growth.

A ministry statement said, "the Chinese side promised not to fire the first shot, but to defend the core interests of the country and people, it is forced to make a necessary counterattack

https://www.apnews.com/amp/b67dedc66a10 ... ssion=true

krzepice1976
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Fri Jul 20, 2018 8:54 pm

WASHINGTON: US President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China, threatening in an
interview with CNBC to escalate the current trade clash with with the Asian nation.
We're down a tremendous amount," Trump said in interview, which was recorded on Thursday, about trade imbalances with China. "I'm ready to go to 500."
When asked about the stock market possibly falling if the United States imposes such a large amount of duties, Trump said: "If it does, it does. Look, I'm not doing this for politics."


http://timesofindia.indiatimes.com/arti ... aign=cppst

krzepice1976
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Sun Jul 22, 2018 8:30 pm

A top CIA official for Asia said Friday that Beijing is waging a “cold war” against Washington and seeking “to replace the United States as the leading power in the world.”

Speaking at the annual Aspen Security Forum in Aspen, Colorado, CIA East Asia Mission Center Deputy Assistant Director Michael Collins’ remarks at a public session on the rise of China were some of the starkest comments to date about Beijing’s intentions not only in Asia, but also across the globe.

Collins said the Chinese leadership “has been aspiring, expanding its ambitions, its interests, its activities around the globe to compete with the United States, and at the end of day, to undermine our influence relative to their influence.”

Collins said that Chinese President Xi Jinping has overseen this push to dethrone the United States by taking a cold war-type approach.

https://www.japantimes.co.jp/news/2018/ ... 1TpJJDRY1I

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Mon Jul 23, 2018 2:39 am

krzepice1976 wrote:
Sun Jul 22, 2018 8:30 pm
A top CIA official for Asia said Friday that Beijing is waging a “cold war” against Washington and seeking “to replace the United States as the leading power in the world.”
Nice of them to acknowledge what everyone else knew for years.

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