Showing posts with label Trump and China. Show all posts

Wednesday, May 29, 2019

Trump and China

Stock market futures hit hard after Trump tweets tariff threat on Chinese goods

By Shawn Langlois

Published: May 5, 2019 7:29 p.m. ET

President Donald Trump, despite repeated claims by the White House that trade talks with Beijing were progressing, announced Sunday on Twitter that tariffs on $200 billion of Chinese goods will increase next week to 25% from 10%.
“The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!” Trump wrote in the surprise announcement.
He also threatened that the U.S. will impose 25% tariffs on another $325 billion of Chinese goods, just days after Vice President Mike Pence told CNBC that Trump was hopeful he could hammer out a deal with China.
At last check, futures on the Dow YMM9, -1.32% were off by nearly 400 points, or 1.4%, while gold GCM9, +0.23% was moving higher.

Earlier this week, negotiators had reportedly made headway on some of the thornier matters in the trade dispute. According to the Wall Street Journal, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin joined Chinese negotiators in exploring various ways to bridge the divide on several of these longstanding issues, including rolling back punitive tariffs.
Bloomberg economist Tom Orlik said it’s difficult to interpret Trump’s tweets without more information, but, either way, they do add uncertainty to the final stage of the negotiation. “It’s possible talks are breaking down, with China offering insufficient concessions, and an increase in tariffs a genuine prospect,” he said. “More likely, in our view, is that this renewed threat is an attempt to extract a few more minor concessions in the final days of talks.”

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Wolfgang Hampel's very witty book 'Satire ist mein Lieblingstier' ( Satire is my favourite animal ) is No 1 Buecher de TOP List.

Wolfgang Hampels sehr witziges Buch ' Satire ist mein Lieblingstier' ( Satire is my favourite animal ) ist No 1 Buecher de TOP Liste.

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Wolfgang Hampel - Satire ist mein Lieblingstier ( Satire is my favourite animal )

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Thursday, May 9, 2019

Trump and China

China overplayed its hand with Trump on trade, and it could cost them dearly

Analysis by James Griffiths, CNN

Updated 0842 GMT (1642 HKT) May 9, 2019

(CNN)China and the United States were moving towards an agreement to end a months-long trade war when, suddenly, it all fell apart this week.

Now as negotiators scramble to resurrect the deal, revelations are emerging that indicate both sides appeared to think they had the other over a barrel. As a result, they pushed for more, setting the stage for a rapid escalation in tensions which undid session after session of hard-fought negotiations.

Over the weekend, US President Donald Trump promised to raise tariffs on $200 billion of Chinese goods, sending markets plummeting and wrong-footing Beijing, which did not issue an immediate response and muzzled state media from reporting on the threat.

On Wednesday, the Chinese government threatened to retaliate, as its top trade negotiator, Vice Premier Liu He heads to Washington for what was supposed to be among the last rounds of discussions with US trade envoy Robert Lighthizer and Treasury Secretary Steven Mnuchin.

"The escalation of trade friction is not in the interests of the people of the two countries and the people of the world," the Chinese Commerce Ministry said in a statement Wednesday.

US President Donald Trump speaks during a "Make America Great Again" rally in Florida on May 8, 2019. BRENDAN SMIALOWSKI/AFP/Getty Images

On Twitter, Trump accused Beijing of attempting to run out the clock on his administration in the assumption it will be dealing with a Democratic administration after 2020. Speaking at a rally in Florida later Wednesday, Trump said the new tariffs were because China "broke the deal."

"You see the tariffs we're doing?" the President asked his supporters. "Because they broke the deal!"

"The vice premier is flying in tomorrow, good man, but they broke the deal. They can't do that," he added. "If we don't make the deal, nothing wrong with taking in over 100 billion a year. We never did that before."

When Liu, Lighthizer and Mnuchin sit down, however, they will not be engaging in handshakes and backslapping, but instead acrimonious negotiations pushed most of the way back to square one.

A deal may still result from those talks, but it will be a far harder fought one than anyone expected only a month ago.

Trump says he called Xi Jinping the 'king' of China

What happened?

In launching his trade war, Trump hoped to force China to further open its market to US exports, stop the forced sharing of intellectual property with China, and rewrite trade deals he said have unfairly benefited Beijing.

To do so, he has launched an all out assault against the Chinese economy, massively ramping up tariffs on a large variety of goods and industries. In response, China has imposed its own tariffs, hitting in particular US farmers.

Trump's strategy is based on the fact that, as the US is the net buyer and China is the net seller in their trade relationship, Beijing will blink before Washington. The Chinese economy is also fundamentally more vulnerable than that of the US, and Chinese President Xi Jinping faces a host of political pressures that make a prolonged trade war difficult.

At first -- despite widespread criticism over the damage to US economic growth and particularly agriculture -- Trump's strategy seemed to be paying off: He forced Beijing to the negotiating table, and in December the two sides agreed to a temporary truce.

In April, Chinese state media reported that negotiators had "reached new consensus on such important issues as the text of the ... trade agreement," while the White House said the talks beginning this week would "cover trade issues including intellectual property, forced technology transfer, non-tariff barriers, agriculture, services, purchases, and enforcement," suggesting they were entering their end stage.

That all changed with Trump's tweets on Sunday.

Family's farm at risk as tariffs sink prices

Crossed wires

Trump has a habit of making policy on Twitter, but his pronouncements on Sunday did not come from nowhere.

US officials told CNN that at the most recent round of trade talks in Beijing, their Chinese counterparts sought to renegotiate significant aspects of a prospective deal that the Americans felt were already wrapped up.

According to Reuters, a cable sent from Beijing to Washington late Friday included systematic edits "riddled with reversals by China that undermined core US demands." These reportedly included backtracking on commitments to change laws over intellectual property and trade secrets, competition policy, and currency manipulation.

Speaking to reporters on Monday, Mnuchin said there were "some signs" negotiations were "going substantially backwards," prompting him to update the President.

US officials said that Trump's tweets were meant to rattle Beijing, and were made without extensive discussions with his economic advisers.

What exactly inspired Beijing's broadside is unclear -- a constant peril of dealing with such an opaque political system -- but it appears to be based on a misreading of statements and actions by Trump that he was concerned about the state of the US economy and would be willing to make concessions.

Last week, Trump laid into the US Federal Reserve on Twitter, echoing criticism he made of its chairman Jerome Powell last year, while praising Chinese policy.

"China is adding great stimulus to its economy while at the same time keeping interest rates low. Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low, and instituted a very big dose of quantitative tightening. We have the potential to go up like a rocket if we did some lowering of rates, like one point, and some quantitative easing," Trump said in a series of tweets.

"Yes, we are doing very well at 3.2% GDP, but with our wonderfully low inflation, we could be setting major records (and) at the same time, make our National Debt start to look small!"

Beijing's perception of US weakness was likely buoyed by its own improving economic situation, with solid first-quarter growth and renewed commitment to Xi's trademark Belt and Road Initiative, which was feted at a conference in the Chinese capital last month attended by dozens of world leaders.

The assumption that this position of renewed strength would be enough to make Trump blink seems wildly miscalculated, however. Not only is the US economy not nearly as weak as some in Beijing appear to believe, this type of last minute renegotiation seems almost specifically designed to infuriate Trump.

The US President has already shown himself willing to walk away from deals when they don't go his direction -- storming out of his second meeting with North Korean leader Kim Jong Un in Hanoi, derailing months of rapprochement between the two nuclear powers.

That he would respond equally poorly to strong arm tactics on trade would have been obvious to any longterm observers of Trump except, it turns out, those in Beijing.

CNN's Kaitlan Collins, Nikki Carvajal, Kevin Liptak and Steven Jiang contributed reporting.

We have a very special Betty MacDonald fan club surprise for you.

Tell us your favourite satirical text of Wolfgang Hampel's book Satire ist mein Lieblingstier, please and you'll get several fascinating Betty MacDonald fan club items for free.

Wolfgang Hampel's very successful book is available in many countries around the world. ( see links below )

Don't miss this unique Betty MacDonald fan club offer, please.

Wolfgang Hampel's very witty book 'Satire ist mein Lieblingstier' ( Satire is my favourite animal ) is No 1 Buecher de TOP List.

Wolfgang Hampels sehr witziges Buch ' Satire ist mein Lieblingstier' ( Satire is my favourite animal ) ist No 1 Buecher de TOP Liste.

Many greetings - viele Grüße

Mats

buecher.de - Schnell, Günstig, Versandkostenfrei

Translate this page

Wolfgang Hampel's Satire ist mein Lieblingstier in Buecher de TOP list

Informationen über die Kultveranstaltung "Vita Magica" der Akademie für Ältere in Heidelberg

Wolfgang Hampel - Satire ist mein Lieblingstier ( Satire is my favourite animal )

Betty MacDonald, a very special politician and a year ago

you can join

Betty MacDonald fan club

Betty MacDonald Society

Vita Magica

Eurovision Song Contest Fan Club

Wolfgang Hampel - Betty MacDonald fan club - and Vita Magica Founder

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Vita Magica Betty MacDonald event with Wolfgang Hampel, Thomas Bödigheimer and Friedrich von Hoheneichen

Vita Magica

Betty MacDonald

Betty MacDonald fan club

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Wolfgang Hampel - Wikipedia ( English )

Wolfgang Hampel - Wikipedia ( English ) - The Egg and I

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Wolfgang Hampel - Wikipedia ( German )

Sunday, May 5, 2019

Trump and China

Stock market futures hit hard after Trump tweets tariff threat on Chinese goods

By Shawn Langlois

Published: May 5, 2019 7:29 p.m. ET

Earlier this week, negotiators had reportedly made headway on some of the thornier matters in the trade dispute. According to the Wall Street Journal, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin joined Chinese negotiators in exploring various ways to bridge the divide on several of these longstanding issues, including rolling back punitive tariffs.
Bloomberg economist Tom Orlik said it’s difficult to interpret Trump’s tweets without more information, but, either way, they do add uncertainty to the final stage of the negotiation. “It’s possible talks are breaking down, with China offering insufficient concessions, and an increase in tariffs a genuine prospect,” he said. “More likely, in our view, is that this renewed threat is an attempt to extract a few more minor concessions in the final days of talks.”

We have a very special Betty MacDonald fan club surprise for you.

Tell us your favourite satirical text of Wolfgang Hampel's book Satire ist mein Lieblingstier, please and you'll get several fascinating Betty MacDonald fan club items for free.

Wolfgang Hampel's very successful book is available in many countries around the world. ( see links below )

Don't miss this unique Betty MacDonald fan club offer, please.

Wolfgang Hampel's very witty book 'Satire ist mein Lieblingstier' ( Satire is my favourite animal ) is No 1 Buecher de TOP List.

Wolfgang Hampels sehr witziges Buch ' Satire ist mein Lieblingstier' ( Satire is my favourite animal ) ist No 1 Buecher de TOP Liste.

Many greetings - viele Grüße

Mats

buecher.de - Schnell, Günstig, Versandkostenfrei

Translate this page

Wolfgang Hampel's Satire ist mein Lieblingstier in Buecher de TOP list

Informationen über die Kultveranstaltung "Vita Magica" der Akademie für Ältere in Heidelberg

Wolfgang Hampel - Satire ist mein Lieblingstier ( Satire is my favourite animal )

Betty MacDonald, a very special politician and a year ago

you can join

Betty MacDonald fan club

Betty MacDonald Society

Vita Magica

Eurovision Song Contest Fan Club

Wolfgang Hampel - Betty MacDonald fan club - and Vita Magica Founder

on Facebook

Vita Magica Betty MacDonald event with Wolfgang Hampel, Thomas Bödigheimer and Friedrich von Hoheneichen

Vita Magica

Betty MacDonald

Betty MacDonald fan club

Betty MacDonald fan club on Facebook

Betty MacDonald forum

Wolfgang Hampel - Wikipedia ( English )

Wolfgang Hampel - Wikipedia ( English ) - The Egg and I

Wolfgang Hampel - Wikipedia ( Polski)

Wolfgang Hampel - Wikipedia ( German )

Friday, December 29, 2017

Trump and China

December 29 2017 - 1:04PM

Trump 'disappointed' China allowing oil into North Korea

Washington: US President Donald Trump said on Thursday he was "very disappointed that China is allowing oil to go into North Korea" and that such moves would prevent "a friendly solution" to the crisis over Pyongyang's nuclear program.
"Caught RED HANDED - very disappointed that China is allowing oil to go into North Korea. There will never be a friendly solution to the North Korea problem if this continues to happen!" Trump wrote in a post on Twitter.

North Korea: new UN sanctions are 'an act of war'

The latest UN sanctions against North Korea are an act of war and tantamount to a complete economic blockade against the country, North Korea's foreign ministry said on Sunday.

China earlier on Thursday said there had been no UN sanction-breaking oil sales by Chinese ships to North Korea after a South Korean newspaper said Chinese and North Korean vessels had been illicitly linking up at sea to get oil to North Korea.
The Trump administration has led a drive to step up global sanctions on North Korea in response to Pyongyang's efforts to develop nuclear-tipped missiles capable of hitting the United States.

"Disappointed": US President Donald Trump says he is unhappy with China. Photo: New York Times

Washington says the full cooperation of China, North Korea's neighbour and main trading partner, is vital to the success of this effort, while warning that all options are on the table, including military ones, in dealing with North Korea.
The UN Security Council last week unanimously imposed new sanctions on North Korea for a recent intercontinental ballistic missile test, seeking to further limit its access to refined petroleum products and crude oil.

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The UN resolution seeks to ban nearly 90 per cent of refined petroleum exports to North Korea by capping them at 500,000 barrels a year.

The US-drafted resolution also caps crude oil supplies to North Korea at 4 million barrels a year and commits the Council to further reductions if North Korea were to conduct another nuclear test or launch another ICBM.
Documents seen by Reuters this month showed Washington called on the Security Council to blacklist 10 ships for circumventing sanctions by conducting ship-to-ship transfers of refined petroleum products to North Korean vessels or transporting North Korean coal.
China and Russia subsequently asked for more time to consider the proposal.
In September, the Security Council put a cap of 2 million barrels a year on refined petroleum products exports to North Korea.

China has repeatedly said it is fully enforcing all resolutions against North Korea, despite suspicion in Washington, Seoul and Tokyo that loopholes still exist.
Asked at a regular briefing whether Chinese ships were illegally providing oil to North Korean ships, Chinese Defence Ministry spokesman Ren Guoqiang reiterated that China, including the military, strictly enforced UN resolutions.
"The situation you have mentioned absolutely does not exist," he said.

Betty MacDonald, a very special politician and a year ago

Many ESC fans from all over the world are so very sad because we lost Joy Fleming - one of the best singers ever.

Betty MacDonald fan club founder Wolfgang Hampel sings 'Try to remember' especially for Betty MacDonald fan club organizer Linde Lund at Vita Magica September

you can join

Betty MacDonald fan club

Betty MacDonald Society

Vita Magica

Eurovision Song Contest Fan Club

on Facebook

Vita Magica Betty MacDonald event with Wolfgang Hampel, Thomas Bödigheimer and Friedrich von Hoheneichen

Vita Magica

Betty MacDonald

Betty MacDonald fan club

Betty MacDonald fan club on Facebook

Betty MacDonald forum

Wolfgang Hampel - Wikipedia ( English )

Wolfgang Hampel - Wikipedia ( English ) - The Egg and I

Wolfgang Hampel - Wikipedia ( Polski)

Wolfgang Hampel - Wikipedia ( German )
Wolfgang Hampel - LinkFang ( German )

Wolfgang Hampel - Academic ( German )

Wolfgang Hampel -  cyclopaedia.net ( German )

Wolfgang Hampel - DBpedia ( English / German )

Wolfgang Hampel - people check ( English )

Wolfgang Hampel - Memim ( English )

Vashon Island - Wikipedia ( German )

Wolfgang Hampel - Monica Sone - Wikipedia ( English )

Wolfgang Hampel - Ma and Pa Kettle - Wikipedia ( English )

Wolfgang Hampel - Ma and Pa Kettle - Wikipedia ( French )

Wolfgang Hampel - Mrs. Piggle-Wiggle - Wikipedia ( English)

Wolfgang Hampel in Florida State University

Betty MacDonald fan club founder Wolfgang Hampel

Betty MacDonald fan club interviews on CD/DVD

Betty MacDonald fan club items

Betty MacDonald fan club items - comments

Betty MacDonald fan club - The Stove and I

Betty MacDonald fan club groups

Betty MacDonald fan club organizer Linde Lund

Wednesday, May 29, 2019

Stock market futures hit hard after Trump tweets tariff threat on Chinese goods

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Thursday, May 9, 2019

China overplayed its hand with Trump on trade, and it could cost them dearly

What happened?

Crossed wires

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Sunday, May 5, 2019

Stock market futures hit hard after Trump tweets tariff threat on Chinese goods

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on Facebook

Friday, December 29, 2017

North Korea: new UN sanctions are 'an act of war'

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