US China Trade War

Chinese state media announced that President Xi Jinping has ordered the People’s Liberation Army (PLA) to “enhance their combat readiness,” as an increased US military presence in Taiwan and the South China Sea is ratcheting up tensions between the two trade partners to dangerous levels.
Xi Jinping further stated that the China would not reject the use of force if necessary to invade and capture Taiwan, which it considers a breakaway province.

US President Donald Trump has been speaking with hyperbole, over the last several months, that his ‘trade war’ with China, tough bargains with the European Union as well as the emerging economies (like India) would bring the ‘American glory’ back, besides generating more jobs in his country. More recently, Trump rolled out a red carpet to Apple Inc. and Ford[Read More...]

The Trump administration has stepped up its trade war against China with the announcement that US Trade Representative, Robert Lighthizer, will begin an investigation with a view to putting a 10 percent tariff of $200 billion worth of Chinese goods by the end of August. The latest decision comes on top of the imposition of a 25 percent tariff on[Read More...]

The Trump administration has gone ahead with its threat to impose tariffs on China under section 301 of the 1974 US Trade Act, imposing levies on $34 billion worth of Chinese goods from midnight, with a further $16 billion to be targeted in the near future. The action is the first shot in a direct trade war against China, with[Read More...]

Transcript of PressTV Skype Interview of 29 May 2019 Background WASHINGTON, May 29 (Reuters) – The United States said on Tuesday that it will continue pursuing action on trade with China, days after Washington and Beijing announced a tentative solution to their dispute and suggested that tensions had cooled. By June 15, Washington will release a list of some $50[Read More...]