|Six ways China could retaliate in a trade war … for visual’s text, go to https://www.bbc.com/news/business-44763110|
Why the US-China trade dispute has experts worried
The world's two biggest economies are at loggerheads. The US is considering 25% tariffs on $200bn (£152bn) of Chinese goods, much higher than the 10% it previously indicated it might impose, reports say. Meanwhile China has already retaliated, after US tariffs on $34bn of Chinese goods came into effect last month. "If someone wants a trade war," China's commerce minister has said, "we will fight to the end." President Trump is bullish, threatening further tariffs and tweeting: "Trade wars are good, and easy to win." … for more, go to https://www.bbc.com/news/av/world-asia-china-45036579/why-the-us-china-trade-dispute-has-experts-worried
It's crystal clear ... US-China trade war to benefit the rest of the world, except the Americans!
KUALA LUMPUR (Aug 2018): Malaysia’s 93-year-old comeback Prime Minister Dr Mahathir Mohamad was only half right when he told the media that the ongoing US-China trade war may end up benefiting Malaysia.
The Donald Trump-initiated trade war with China may benefit the rest of the world, except the war-waging US.
Certain quarters claim to be worried about a devaluation of the Yuan by China to counter Trump’s global trade hostility with China and the rest of the world.
And, Mahathir is right. The US’ trigger-happy sanction-tariff slapping can only further alienate Americans from the global business and economy.
That can only mean more domestic and international misery for US businesses and domestic consumption.
The Americans will have to pay more for both goods and even services as the domino effect of sanctions and tariffs hit its domestic markets.
The devaluation of the Yuan will make Chinese goods and services that much more cheaper and affordable, a win-win situation for China, global consumers, importers and exporters.
This was what Malaysia’s national news agency Bernama reported:
"FIGHT ON, MAHATHIR TELLS U.S. & CHINA TRADE WAR – YOUR TRADE WAR MAY END UP BENEFITING MALAYSIA
Politics | August 4, 2018
He said policies implemented in this trade war would benefit investors who could not invest in certain countries, thus benefiting countries that were not involved.
“We (Malaysia) are not involved (in this trade war) and there is a possibility they (investors) who cannot go to certain countries, they will come here (Malaysia),” he said in a media conference here.
The trade war between the two major countries accelerated on Wednesday when the US administration increased pressure on China for trade concessions by recommending a 25 per cent higher tariff on China’s imports valued att AS$200 billion.
Asked if Malaysia was ready to face the overwhelming influx of foreign investors following the trade war, Dr Mahathir said: “(For) foreign investment, we are always ready.”
At the media conference, Dr Mahathir also called on supporters of Pakatan Harapan (PH) not to take it easy on the by-elections that would be held in Selangor despite having won in the last 14th General Election.
“If they (PH supporters) do that (take by-elections lightly), there is a possibility Pakatan Harapan will lose. That’s why we ask the voters to go out and vote,” he said.
“We know for sure they are not separate parties. In front of us, they are segregated but in actual fact, they are one party,” he said.
Earlier Dr Mahathir, who is also Langkawi MP, officiated the Langkawi Nature Park, a nature park that featured over 80 species of fauna from within and outside the country here.
— Bernama/Malaysia Chronicle"
|Imported soybeans at a port in Nantong, China. The latest Chinese tariffs were intended to deliver a warning that American producers and consumers would pay in a trade war.CreditChinatopix, via Associated Press|
By Steven Lee Myers
April 5, 2018
BEIJING — China’s leaders sound supremely confident that they can win a trade war with President Trump. The state news media has depicted him as a reckless bully intent on undermining the global trading system, while presenting the Chinese government as a fair-minded champion of free trade. And China’s leader, Xi Jinping, has used the standoff to reinforce the Communist Party’s message that the United States is determined to stop China’s rise — but that it no longer can. China is already too strong, its economy too big. “China is not afraid of a trade war,” the vice minister of finance, Zhu Guangyao, declared at a news conference to discuss possible countermeasures. More than once, he cited the history of the “new China” — which began its extraordinary economic revival four decades ago — as evidence that it would “never succumb to external pressure.” … for more, go to https://www.nytimes.com/2018/04/05/world/asia/china-trade-war-trump-tariffs.html