KXIP vs KKR Live Score

President Trump has used tariffs and the threat of new tariffs against countries - particularly China - as part of his economic policy, in an attempt to renegotiate trade deals.

"It is hard to predict how this trade war will develop and to what extent", Du Wanhua, deputy director of an advisory committee to the Supreme People's Court said in an article also in the People's Daily. "China is not delivering, OK?"

"Governing a country is not like doing business", the paper said.

In the larger picture, United States agriculture has been dealt a heavy blow from the trade war.

The US has already imposed tariffs on Chinese goods worth $US34 billion ($A46 billion), with further tariffs on goods valued at $US16 billion expected to follow.

The Trump administration tightened pressure for trade concessions from Beijing this week by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports.

China's stocks were lower on Monday as Beijing's latest tariff threats escalated the tit-for-tat Sino-U.S. trade war, though the central bank's efforts to shore up the tumbling yuan helped to stabilise the currency.

"Because the US side has repeatedly escalated the tension, disregarding the interests of enterprises and consumers of both sides, China has to take necessary countermeasures to defend the country's dignity and the interests of the Chinese people, defend free trade and the multilateral system, and defend the common interests of all countries in the world", the ministry said.

There's "some hint" the Chinese may be warming to the idea, and recently there's been some communications at the highest levels of both governments, Kudlow said.

The two countries slapped tariffs on $34 billion worth of each other's goods in July.

President Donald Trump in June asked U.S. Trade Representative Robert E. Lighthizer to draft a plan for a 10 percent tariff on $200 billion in Chinese imports.




Workers at a swimwear factory in Yinglin town in Jinjiang, in China's eastern Fujian Province.

The new list includes products as varied as snow blowers and 3-D printers, suggesting Chinese authorities are struggling to find enough imports their own economy can do without. "Likewise other countries. We are Winning, but must be strong!" So this unifies NAFTA and U.S., Europe, Australia, Japan.

Chinese state media on Monday lashed out at U.S. President Donald Trump's trade policies in an unusually personal attack, and sought to reassure investors anxious about China's economy as growth concerns rattled its financial markets. While census data shows that the...

"Really what we're looking to see is whatever actions are taken do not have the staying, negative fallout as the tariffs did in 2002", Paglia said, referring to tariffs President George W. Bush placed on imported steel.

China's decision to threaten $60 billion of USA goods marks the first time this year that Beijing has not tried to match Washington's tariffs dollar for dollar. "We are using them to negotiate fair trade deals", Trump said.

Chinese authorities - bracing for economic fallout - have taken a range of measures in recent weeks to bolster the economy.

The tensions are also having an impact on trade flows.

Taking into full consideration the interests of its people and companies, as well as the global value chain, the Chinese government made the decision to impose differentiated tariff rates targeting $60 billion worth of USA goods. From Apple to General Motors, a long list of large USA enterprises have transferred extensive operations to China and could be vulnerable to any response from Beijing.

"The US and China have backup plans in areas like technology and agriculture, where they can look towards importing from third-party nations", Ye Tan, an independent Chinese economic analyst, told AFP.

President Donald Trump's trade war with China is entering its sixth month, and there are no signs it will end anytime soon. The timing of Friday's announcement hinted at that conflict.


COMMENTS