|US-China trade war: Trump ‘wishful thinking’ to suppose he is winning trade war, say China|
DONALD Trump’s claims the US is winning the trade war against world superpower China have been slammed by a Chinese state newspaper after the US President declared the Asian nation’s market had fallen by more than a quarter.
By CAITLIN DOHERTY
PUBLISHED: 03:40, Tue, Aug 7, 2018 | UPDATED: 07:36, Tue, Aug 7, 2018
The China Daily wrote in an editorial on Tuesday that Donald Trump has “an ability to elasticise the truth”. On Saturday, the President posted on Twitter claiming the Chinese markets had taken a phenomenal fall. Trump posted on the social media site: “Tariffs are working far better than anyone expected. The China Daily shot back, calling the propositions “wishful thinking”. The newspaper also stated that China's stock market was performing poorly before the US administration's imposition of trade tariffs, and is due in part to Beijing's attempts to cut corporate debt … for more, go to https://www.express.co.uk/news/world/999880/us-china-trade-war-donald-trump-tariffs-xi-Jinping-china-daily
Let Trump-led US dig its own ‘economic’ grave!
KUALA LUMPUR (Sept 2018): There’s this idiom: Let him dig his own grave.
And, that’s exactly what China should be doing and is doing to the Donald Trump-led US in the world economy.
This was displayed by China’s President Xi Jinping today (Sept 3, 2018) in a Reuters report posted by The Star Online titled Amid U.S. trade war, China's Xi reiterates reform commitment.
Yes, it is about time to ignore the war-waging US’ continuous threat to the rest of the world, slapping sanctions and tariffs to rock the global economic order.
Why waste precious time on the belligerent Trump-led US when the rest of the world can focus purely on consolidating the world economy.
Ignore and alienate the US, let it dig its own grave. It’s only a matter of time the US’ national debt of anything between US$20 trillion and US$222 trillion (and fast growing?) (Read this for context: https://ilovemalaysiachinasilkroad.blogspot.com/2018/01/is-us-debt-us20-trillion-or-us222.html Is the US debt US$20 trillion or US$222 trillion?) starts crushing the Americans domestically.
"Amid U.S. trade war, China's Xi reiterates reform commitment
Monday, 3 Sep 2018
6:43 AM MYT
|United Nations Secretary General Antonio Guterres (L) shakes hands with China's President Xi Jinping (R) before their bilateral meeting at the Great Hall of the People in Beijing on September 2, 2018. - AFP|
The two countries have been rolling out a series of tariffs on each other's exports as U.S. President Donald Trump's administration seeks to tackle a range of issues from the large trade imbalance with China to forced technology transfers.
China has criticised the United States for resorting to protectionist and unilateral measures and says it will keep opening up its economy, providing a fair and transparent environment for foreign businesses.
Meeting U.N. Secretary-General António Guterres in Beijing ahead of a major China-Africa summit, Xi made no direct mention of the trade tensions with the United States, referring instead to "unilateralism and protectionism rearing its head".
"China's determination to fully deepen reforms will not change," China's Foreign Ministry paraphrased Xi as telling Guterres.
"We are willing to use practical actions to drive all parties to jointly adhere to trade liberalisation and facilitation and build an open world economy," Xi added.
The ministry's statement did not elaborate.
U.S. and Chinese officials ended two days of talks last month without a major breakthrough as their trade war escalated with the activation of a further round of tariffs on $16 billion (£12.3 billion) worth of each other's goods.
The two countries have now targeted $50 billion of each other's goods and threatened duties on most of the rest of their bilateral trade, raising concerns that the conflict could dent global economic growth.
Trump administration officials have been divided over how hard to press Beijing, but the White House appears to believe it is winning the trade war as China's economy slows and its stock markets falter.
Economists estimate that every $100 billion of imports hit by tariffs would reduce global trade by around 0.5 percent. - Reuters"
|China has accused the United States of starting the "largest trade war in economic history."|
US-China trade war hits $100 billion in goods
Aug 22, 2018, 10.25 PM IST
Washington, Aug 22, 2018 -From iconic Harley Davidson motorcycles and American bourbon to machinery and computer processors, the world's two largest economies have exchanged punitive tariffs that slice through a wide swath of key products.
Starting Thursday at 12:01 am (0401 GMT), the US will charge 25 percent import duties on an additional $16 billion in Chinese products, bringing the total to over 1,000 items valued at about $50 billion in trade a year. China has responded dollar-for-dollar on hundreds of US goods, putting the total value of affected goods at $100 billion, one-seventh of the total annual US-China trade.
- Top Chinese imports targeted - The Trump administration says the aggressive stance is meant to pressure Beijing to change policies that allow and encourage the theft of US technology and unfairly undercut American producers … for more, go to