US - Trade War (China)

Re: US - Trade War (China)

Postby winston » Fri Nov 16, 2018 10:10 am

Wilbur Ross: Trump, Xi Likely to Reach Framework Deal Only; Still Plans to Hike Tariffs in Jan 19

The US Commerce Secretary Wilbur Ross disclosed that it is unlikely for Washington to jump into a full deal with Beijing to stop the tariff hike plan on Chinese imports in January 2019, even if the upcoming meeting between President Trump and President Xi runs smoothly, Bloomberg reported.

It is likely at best for the two parties to agree on a framework agreement for further talks on resolving the trade tensions, added Ross.

Source: AAStocks Financial News
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Re: US - Trade War (China)

Postby winston » Sat Nov 17, 2018 10:30 am

Trump says US may not impose more tariffs on China

The U.S. tariff rate on $200 billion in Chinese goods is set to increase to 25 percent from 10 percent on Jan. 1.

Trump has threatened to impose tariffs on all remaining Chinese imports - about $267 billion more in goods - if Beijing fails to address U.S. demands.

"We may not have to do that," Trump told reporters at the White House. "China would like to make a deal.

WASHINGTON:U.S. President Donald Trump said on Friday that he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions, although he added it was unacceptable that some major items were omitted from the list.

Trump has imposed tariffs on $250 billion (£194.8 billion) of Chinese imports to force concessions from Beijing on the list of demands that would change the terms of trade between the two countries. China has responded with import tariffs on U.S. goods.

Washington is demanding Beijing improve market access and intellectual property protections for U.S. companies, cut industrial subsidies and slash a $375 billion trade gap.

Trump added that there were "four or five big things left off" the list of 142 items sent by China.

"They sent a list of things that they're willing to do, which is a large list, and it's just not acceptable to me yet." he said. He did not detail the omitted items.

Trump said, however, he was confident the missing items would be addressed in any deal struck with China.

"I think we'll probably get them too," he said.

Trump's softening line on tariffs gave a modest lift to stocks.

Trump is expected to meet Chinese President Xi Jinping on the sidelines of a G20 summit in Argentina later this month.

Officials have played down the probability that the two will make a deal to end their trade war at the meeting. One source briefed on the offer said it was just a "rehash" of previous offers China had made.

But if Trump holds fire on further tariffs, the Chinese offer may have contained enough for Washington to engage fully in negotiations for a deal.

The United States had said it would not restart negotiations on a trade deal until it saw a concrete response to China on its demands, although informal talks between the two on trade restarted earlier this month after Trump and Xi talked via telephone.

Reuters reported this week that China sent the written response to U.S. demands on Monday, ending a months-long wait.

The Chinese document included 142 items divided into three categories: issues China was willing to negotiate for further action, issues it was already working on and issues considered off limits, a U.S. official told Reuters on Thursday.

Trump's team of economic advisers have voiced conflicting views on doing a deal with China. Some, such trade adviser as Peter Navarro, advocate taking a hard line on trade until China makes deep economic forms.

Others, such as economic adviser Larry Kudlow, want to see reforms but have pressed for a deal to avoid further disruption to trade between the world's two largest economies.

Source: Reuters

https://www.thestar.com.my/business/bus ... 3IZpg6j.99
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Re: US - Trade War (China)

Postby winston » Mon Nov 26, 2018 8:52 pm

XI-TRUMP SUMMIT COULD GO EITHER WAY. BUT EITHER WAY, IT’S BAD

Even if there’s a breakthrough in Buenos Aires, it will do nothing to prevent the epochal storm ahead in US-China ties

BY TOM HOLLAND

US tariffs on US$200 billion of imports from China leap from 10 per cent to 25 per cent on January 1.

So far, the cost of US tariffs has largely been absorbed by a downward adjustment of the yuan’s exchange rate against the US dollar, which has seen the Chinese currency depreciate by almost 10 per cent since April.


Source: SCMP

https://www.scmp.com/week-asia/opinion/ ... ay-its-bad
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Re: US - Trade War (China)

Postby winston » Tue Nov 27, 2018 7:16 am

Effort is distraction from what is

We must understand the problem of striving. If we can understand the significance of effort, then we can translate it into action in our daily life.

Does not effort mean a struggle to change what is into what it is not, or what it should be, or what it should become?

We are constantly escaping from what is, to transform or modify it. He who is truly content is he who understands what is, who gives the right significance to what is.

True contentment lies not in few or many possessions, but in understanding the whole significance of what is. Only in passive awareness is the meaning of what is understood.

I am not, at the moment, talking of the physical struggle with the earth, with construction or a technical problem, but of psychological striving. The psychological struggles and problems always overshadow the physiological.

You may build a careful social structure, but as long as the psychological darkness and strife are not understood, they invariably overturn the carefully built structure.

Effort is distraction from what is. In the acceptance of what is, striving ceases. There is no acceptance when there is the desire to transform or modify what is. Striving, an indication of destruction, must exist so long as there is a desire to change what is.

The Book of Life, August 28, Harper San Francisco, 1995

Source: jkrishnamurthi.com
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Re: US - Trade War (China)

Postby winston » Fri Nov 30, 2018 1:36 pm

G Sachs Foresees Fruitless Trump-Xi Meeting, Full-blown Trade War To Begin

A continual escalation of Sino-US trade tension would be the most probable outcome of the leadership meeting at G20 Summit, Goldman Sachs predicted.

In other words, the current US tax rate on US$250 billion worth of Chinese imports will be elevated to 25%, along with new tariffs on the remaining Chinese goods.

The second likely scenario is that China and US will meet each other halfway to suspend levy imposition; and the least likely case is a trade agreement between both nations and cancellation of all tariffs, the broker suggested.

Source: AAstocks.com
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Re: US - Trade War (China)

Postby behappyalways » Sun Dec 02, 2018 7:42 pm

US-China trade war: Deal agreed to suspend new trade tariffs
https://www.bbc.com/news/world-latin-america-46413196
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Re: US - Trade War (China)

Postby winston » Mon Dec 03, 2018 8:53 pm

The next date to watch in the US-China trade war is Dec. 18, expert says

China marks the 40th anniversary of its economic reforms and opening up on Dec. 18 — an occasion Beijing could use to emphasize its commitment to transform its economy, noted Scott Kennedy of the Center for Strategic and International Studies.

"If that day or week goes by with no major new announcements, then we know that for sure there's not a possibility that the Chinese want to use this as an opportunity to change the direction of their economy and industrial policies," Kennedy said.

What happens in Washington could also influence how hard U.S. President Donald Trump will come down on China, he added.

by Yen Nee Lee

Source: CNBC

https://www.cnbc.com/2018/12/03/us-chin ... ningsquawk
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Re: US - Trade War (China)

Postby winston » Wed Dec 05, 2018 4:58 pm

What would happen after the 90 days cease fire?

by Professor Dr. Chan

I expect the cease fire to continue, with some modications to the agreement.

My reason is China cannot open its market within 90 days to meet Trump’s request, and Trump also cannot call off the already imposed tarrifs.

China is not too concern with the 10% tarrif; afterall Chinese currency RMB has devalued 10%, nutralising the 10% tarrif. Besides, the tarrif imposition is on half of the product value exported to the US, and the other half of the product value is not subject to tax and is enjoying the added competitive advantage arising from the devaluation of RMB.

Trump is not in a hurry to pressurise China to open up its market too early, just like until
now he is still not pressing hard on North Korea to destroy its nuclear bombs and missiles, and he has not called off the sanctions against North Korea, and all things remain status quo.

Any change is superficial, for show more than real actions. After meeting with Kim Jong-En in Singapore, Trump self proclaimed to outside world that the meeting was successful, yet to date North Korea has only stopped firing missles and nuclear testings. Trump says it was a success and is ‘falling in love 正在恋爱’ with Kim Jong-En…………..

This is Trump’s strategy. Trump knows voters are forgetful; today’s contributions would be forgotten by next year. George Bush Sr. who passed away recently enjoyed high popularity after
the Iraq war in 1991, yet in 1992 voters had forgotten George Bush Sr.’s 1991 contributions.

I believe Trump understands this logic; therefore he will put real pressure on Kim Jong-En
to eliminate nuclear bombs and missiles, put real pressure on Xi Jinping to open up Chinese market in 2020 presidential election year to help him re-elected.

To Trump, now is only the hors d’oeuvres (appetizer 前菜), the main course has not yet on the table. To Xi Jinping, enable to defer one day is one day deferred; China becomes stronger each day, can wait until 2020 to consider if he should help Trump to get re-elected.

Therefore, I think the Sino US trade war is a lasting warfare admist fights and negotiations;
China will progressively open up its market. After meeing Xi Jinping, Trump in his tweeter saying
China has agreed to cancel the 40% tarrif imposed on imported American cars to China.

Source: Shares Investments
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Re: US - Trade War (China)

Postby behappyalways » Mon Dec 10, 2018 8:57 pm

2018.12.08【文茜世界周報】G20習川會同時行動 孟晚舟在加拿大遭拘留
https://www.youtube.com/watch?v=iyJJ12z ... U&index=14
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