Democratic enthusiasm for the Trump tariffs is a bad sign

Frederick Owens
September 24, 2018

And I've said: "That is okay".

On Wednesday, Foreign Ministry spokesman Geng Shuang said he had no information on a possible trade delegation and questioned USA sincerity about wanting new talks, noting that the last round was followed immediately by the activation of new tariffs.

On Monday, President Trump slapped a 10 percent tariff on $200 billion worth of imports from China, covering more than 5,000 industrial and consumer products.

Trump administration officials have indicated the president is open to meeting his Chinese counterpart, Xi Jinping, before his new tariffs ramp up to 25 percent.

"In a revealing analysis on the Business Insider website, journalist Mary Hanbury shows how "'s tariffs are forcing US manufacturers to raise their prices.

The three major themes dominate the US-China Business Council's 2018 member survey outcomes included the following.

Trump has threatened duties on a further $267 billion of made-in-China goods, which would hit almost all other consumer products, including mobile phones, shoes and clothes.

"What that means is that the way the world's economy has evolved has left the USA out of the loop", he said. "In the long run, I think it will work out well, as both China and the USA stand to gain tremendously by coming to good terms".

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"We urge the Chinese government to implement a quick series of bold reforms that send a clear signal to its trading partners and members of the Chinese Party", said Allen. The U.S. ought to meet this challenge by making its own investments in education and basic research, retraining workers displaced by Chinese competition and strengthening the global rules-based order that Trump disdains. Imports to Northern California's Port of Oakland surged 9.2 percent in August.

And that comes along with the fact that the U.S.is now the world's largest producer of oil, meaning oil is no longer a factor in the trade deficit, he said.

"That is what we are dealing with now with these trade negotiations", he said.

"We have a rush game with the tariff", said Rahul Kapoor, an analyst at Bloomberg Intelligence in Singapore.

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Walmart Inc said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday.

China will not do that to chase "thin profits" and "a few small bucks". There's not much he can do about paying the 10 percent duty, or $30,000, on those vehicle-lighting parts.

But the dispute between the world's top two economies has swiftly escalated since Trump took office, with a series of tit-for-tat tariffs imposed on billions of dollars' worth of goods by both countries.

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