China 

US lifts tariffs on 400 Chinese products as Donald Trump cites ‘a lot of progress’ on trade

US President Donald Trump said his administration was “making a lot of progress” with China on Friday, as deputy-level trade talks continued for a second day and Washington lifted tariffs on over 400 Chinese products.Trump, speaking to reporters at a White House meeting with Australian Prime Minister Scott Morrison, said the United States was taking in billions of dollars from tariffs imposed on Chinese products, adding that the total would soon reach US$100 billion.“I will say this: we’re… Source link

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Global 

Hundreds of Chinese goods exempted from Donald Trump’s tariffs

This story is published in a content partnership with POLITICO. It was originally reported by Doug Palmer on politico.com on September 19, 2019.The Trump administration has excluded Christmas tree lights, a series of pet supplies, plastic drinking straws and hundreds of other products from a 25 per cent duty US President Donald Trump imposed on US$250 billion worth of Chinese goods, according to three notices set to be published in the Federal Register on Friday.The move comes as the United… Source link

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Global 

Donald Trump’s adviser on China Michael Pillsbury says president ready to escalate trade war if deal not agreed soon

The United States is set to ramp up the pressure on China if a trade deal is not agreed soon, a key White House adviser said, adding that Washington has so far imposed only “low level tariffs” on the Asian giant.Described by US President Donald Trump as “the leading authority on China”, Michael Pillsbury said in an interview in Hong Kong on Thursday that Trump had been “remarkably restrained in the pressure he has brought to bear on China in the trade field”.“Does the president have options to… Source link

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Global 

Trade war alone did not cause the slump in Asia’s export hubs, but Donald Trump ‘blocking’ recovery

For the first seven years she designed semiconductors, Cindy Tam was never able to explain exactly what she did for a living to her family.“The best they could understand was that it was something relating to computers,” said Tam, the engineering manager of Hong Kong-based chip designer, Canaan Semiconductor.That has changed over the past year, as the US-China trade war morphed into a battle over technology and US President Donald Trump banned Chinese telecoms giant, Huawei, from buying vital… Source link

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Global 

Donald Trump warns China faces ‘toughest trade war deal ever’ if they wait until after US election

US President Donald Trump has warned Beijing to make a trade war deal before the American presidential election next year otherwise “it’ll be the toughest deal anybody’s ever had to make from the standpoint of China”.Vice-minister for finance, Liao Min, will lead a Chinese delegation to Washington this week to set out China’s agenda for talks in October between Vice-Premier Liu He, US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin.But China’s official media… Source link

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Donald Trump is waking up to the fact that ending the trade war with China will help him win in 2020

The rekindled hopes of a resolution to the trade war may be a reflection of a shift in attitude in the United States: a political calculation in the White House that some form of deal, whether interim or final, needs to be agreed with China to further the prospects of President Donald Trump’s re-election in 2020.This may seem an odd contention, given that Trump has asserted it is China that needs a deal. But, as economic headwinds related to the trade war increase potential political damage in… Source link

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Global 

Donald Trump’s team rushes to find escape hatch for China tariffs

This story is published in a content partnership with POLITICO. It was originally reported by Ben White and Adam Behsudi on politico.com on September 12, 2019.US President Donald Trump’s top advisers are rushing to find an escape hatch for a series of tariff increases in the coming months, worried about the potential for further economic damage.Many of the president’s top economic officials are trying to resurrect the terms they previously were negotiating with China, a deal officials said was … Source link

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Home 

China welcomes Donald Trump’s ‘goodwill’ act of postponing US tariff increase until after National Day

China welcomed US President Donald Trump’s decision to postpone a planned tariff increase on Chinese products from October 1 to October 15, calling it an act of “goodwill”.On Wednesday, Trump confirmed he will delay a planned increase in tariffs from 25 per cent to 30 per cent on US$250 billion of Chinese goods at the request of Vice-Premier Liu He to avoid escalating trade tensions ahead China’s National Day on October 1, which is also the 70th anniversary of the founding of the People’s… Source link

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China 

Donald Trump delays US tariff rate increase to avoid escalating trade tension on China’s National Day

The new 30 per cent tariff rate on US$250 billion worth of imports from China, from the existing 25 per cent rate, has been moved from October 1 to October 15 in recognition of the 70th anniversary of the founding of the People’s Republic of China, which falls on the earlier date, Trump said in a Twitter post. Photo: Handout Source link

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Global 

Amazon sellers feeling the heat of US-China trade war contrary to Donald Trump’s claims, survey shows

American third-party vendors who sell on Amazon, the world’s largest e-commerce platform by revenue, singled out tariffs imposed by the United States on Chinese goods as the main reason their costs are increasing, slashing their margins and forcing them to push up prices on consumers, a new survey revealed.Some 72 per cent of Amazon sellers have seen their cost per unit increase by some 17 per cent since the beginning of the trade war last year, according to a survey of Amazon vendors conducted… Source link

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