|US President Donald Trump and China’s President Xi Jinping arrive at a state dinner at the Great Hall of the People on November 9, 2017 in Beijing, China. Photo by Thomas Peter - Pool/Getty Images|
Can the US-China trade war be stopped? 11 experts weigh in.
There’s definitely a way out of this. The problem is, it’s not clear what Trump wants, or what China is willing to give.
By Emily Stewart Jul 8, 2018, 11:00am EDT
The burgeoning US-China trade war isn’t impossible to stop, it’s just that there’s no clear way of ending it — especially because it’s not obvious what President Donald Trump wants out of all of this in the first place, or what China is willing to give. The United States just after midnight on Friday made good on its threat to impose sweeping tariffs on Beijing, putting a 25 percent border tax on $34 billion worth of Chinese goods imported to the US. China responded with $34 billion of tariffs of its own on its imports from America. The tariffs and counter-tariffs mark the start of a trade war for which there’s no obvious end. Worst-case scenario: It results in a series of measures and counter-measures that could have a major negative impact on consumers and global economies. Best-case scenario: The sides reach some sort of an agreement, and it ends … for more, go to https://ww.vox.com/policy-and-politics/2018/7/8/17544460/trump-china-tariffs-trade-war
It’s actually US vs China-Russia trade war!
KUALA LUMPUR (July 2018): The US and the rest of the world are reminded that the escalating US-China trade war does not just affect the world’s Top 2 economies.
It not only stresses the global economic order, the US is actually “battling” against two super powers - China and Russia!
And the Donald Trump-led US is already facing “hostile economic response” from Canada and Europe.
The “trigger happy” tariff-sanction slapping Trump is reminded that whatever “bullying” it inflicts globally on any sovereign state, especially on China and Russia, the US will most certainly feel the retaliation.
China-Russia relations are, currently, exceptionally strong and the US needs to consider an equally powerful retaliation that will also stresses the American domestic and international economy, thereby bringing undue business and economic woes to American citizens.
I Love Malaysia-China Silk Road finds it appropriate to reproduce the following two news reports as a reminder of the China-Russia Combo that the US faces:
"China’s Belt and Road initiative explained
May 09, 2017 07:30 Belt and Road Initiative tradeChina asia europe
In terms of the BRI, Putin said that the Chinese-proposed plan aligns with the Russia-led Eurasian Economic Union, which kicked off in May 2015. “The combination of the two projects can bring good results,” he offered.
When asked about the development of his country's relations with Western countries, Putin stressed that anti-Russia sanctions would never make the country abandon its independent and sovereign developmental path, adding that the countries which had decided to adopt these embargoes under US pressure would had to deal with the adverse effects.
When talking about the Korean peninsula, Putin reiterated Russia's stance on its denuclearisation by saying: “We look forward to positive results from the Trump-Kim Singapore summit”.
Putin noted that he and Xi shared his 61st birthday together in 2013 on the sidelines of the Asia-Pacific Economic Cooperation forum in Indonesia.
When talking about his impressions of Xi, he said: “I’ve never established such relations or made such arrangements with another foreign colleague as I have with President Xi." He then went on to mention that ”we sliced some sausage and drank vodka”.
Finally, Putin answered some World Cup-related questions raised by Chinese netizens. He believes that Germany, Spain, Argentina and Brazil are the most likely candidates to win the 2018 FIFA World Cup, which begins in his homeland on June 14.
When speaking about the Russian team, the president expressed the hope that "it will show up well and play interesting and beautiful football while fighting to the end." In addition, he described the late Lev Yashin as his favourite player of all time and admitted an admiration for Brazilian great Pelé and former Argentina striker Diego Maradona.
Putin will visit China and attend the annual Beijing-led Shanghai Cooperation Organisation summit in Qingdao, Shandong Province between June 8 and 10.
by GBTIMES Beijing Aug 25, 2015 09:22
Russian President Vladimir Putin said Chinese President Xi Jinping was the only world leader to congratulate him on his 61st birthday during an exclusive interview with Shen Haixiong, president of the China Media Group in Moscow.
This was the leader's first interview with a foreign media outlet since his re-election to power, reports state-run news agency Xinhua. (Full interview can be found below.)
Putin touched on several issues, such as the 'Russian Dream', the Belt and Road initiative (BRI), Russia’s relationship with Western countries, the situation on the Korean peninsula, his thoughts on Xi Jinping and the 2018 FIFA World Cup, during the discussion.
The Russian president said that the top priority of the Russian Dream, which he mentioned in his State of the Union address in May, is to improve the lives of the country’s people as much as possible. He compared it to what Xi had said at the 19th congress of the Chinese Communist Party last October."
|Here's How a Trade War Between the U.S. and China Could Get Ugly|
By Andrew Mayeda and Jenny Leonard
July 9, 2018, 4:00 AM GMT+8
> First round of tit-for-tat moves to have relatively low impact
> The longer the spat drags on, the harder it is to wind down
> The first shot of the U.S.-China trade war went off without much of a reaction from investors. The calm may be short lived.
For months, financial markets have been bracing for President Donald Trump to follow through with threats of tariffs against China. So it came as little surprise when the U.S. implemented duties on $34 billion in Chinese imports on Friday, as planned, and Beijing retaliated proportionately. Now comes the hard part for forecasters … for more, go to https://www.bloomberg.com/news/articles/2018-07-08/here-s-how-a-trade-war-between-the-u-s-and-china-could-get-ugly (VIDEO)