China will be ’hurt very badly’ if no trade deal

14 Mai, 2019, 02:29 | Auteur: Auguste Feret
  • U.S. President Donald Trump and Chinese President Xi Jinping meet after the G20 in Buenos Aires

Interested in China? Add China as an interest to stay up to date on the latest China news, video, and analysis from ABC News.

In the middle of the negotiations last week, Trump hiked tariffs on Chinese goods to 25% from 10%. He also reiterated that Beijing "broke the deal".

The comments from Goldman Sachs cited a widely referenced study from the Federal Reserve Bank of NY and Columbia and Princeton universities, which found that USA companies were paying $3 billion more in taxes due to the tariffs.

But Beijing also appeared to dig in. There will be nobody left in China to do business with'.

Trump has repeatedly slammed China for indulging in what he says are unfair trade practices, particularly with regards to access to its giant market, intellectual property and technology transfers. "China should not retaliate - will only get worse!" Trump and Xi were able to walk away from a previously threatened tariff escalation when they met at the last G20 summit in December of a year ago. Last week, the cash S&P 500 slid 2.2 percent amid the escalating rift between the US and China. But Kudlow told Fox, "In fact, both sides will pay".

The latest trade talks ended Friday with no word of progress after Washington accused Beijing of trying to backtrack on earlier commitments.

China will never surrender to external pressure. Beijing has balked at US demands that it use its legislative process to enshrine changes in law, saying it can use other state directives to accomplish its aims. It was expected that Beijing would raise tariffs on US goods to 25%.

Trump's surprise tariff announcement renewed anxiety in financial markets about global economic growth. Major US stock index futures were down about two percent. Shares also fell in Taiwan and Southeast Asia.

Man United stars clash over Paul Pogba and Alexis Sanchez huge bonuses
Alexis Sanchez and Paul Pogba are reportedly causing a dressing-room rift at Manchester United over a cash-for-goals conflict.

China Responds to Trump's New Tariffs, Targeting $60 Billion in US Exports
By early afternoon on Monday the Dow had lost 2.7 percent, putting the index on track for its biggest one-day loss since January. " China's adjustment on additional tariffs is a response to US unilateralism and protectionism", its finance ministry said.

Au revoir la version chinoise — PUBG Mobile
Dans Game For Peace , les balles sont, semble t-il, remplacées par des cartouches de paintball qui ne tuent pas vos adversaires. Il s'agit d'une déclinaison chinoise teintée de patriotisme de PUBG en faveur de la lutte contre le terrorisme.

The next escalation could come within weeks, as US regulators prepare to follow through on Trump's threat to extend penalty tariffs to all Chinese goods. (AP) The Trump administration raised duties on almost half of Chinese imports to 25 from 10 percent. "GREAT! #MAGA", Trump said.

"Talks with China continue in a very congenial manner - there is absolutely no need to rush - as Tariffs are NOW being paid to the United States by China of 25% on 250 Billion Dollars worth of goods & products", Trump tweeted Saturday.

The US on Friday increased tariffs on US$200 billion of Chinese goods to 25 percent from 10 percent, affecting products including electronics, machinery, automobiles, bicycles, petrochemicals, steel, machine tools, hand tools, plastics, and screws and nuts, the Bureau of Foreign Trade said. As a result, they increase costs for importers of the products and can drive up prices for consumers.

Mr Kudlow said he thought the tariffs would also have an impact on China's economy, as the higher cost would reduce United States demand for Chinese goods. "'Once the tariffs go onto cellphones, I mean then you're going to see people scream, '" she says. The impact globally will be 0.15%, while the imposition of tariffs on all Chinese goods could double the pain, O'Hagan said.

"It's no big deal".

No matter what Washington and Beijing decide, "there is an enormous risk in the background that tariffs could come back into play at any moment", he said.

Beijing said on Monday it will raise tariffs on $60 billion worth of U.S. products starting June 1.

Conseillé:



Populaire

People In Iowa Are Getting Sick. Looks Like Dogs Are The Culprit
The statement also encouraged people to thoroughly wash their hands "after handling animals - even household pets". Dogs with inflamed lymph nodes, acting abnormally, losing weight, or are lethargic may be infected.

Anti-gay preacher first person to be banned from entering Ireland
He was the subject of a brief media firestorm in 2009 after he prayed for the death of former President Barack Obama . A petition launched on Change.org over four months ago calling for the ban garnered over 14,000 signatures.

L'un des Power Rangers retrouvé mort à 38 ans
De fait, il est apparu dans 308 épisodes de Shortland Street , une série médicale très populaire dans le pays. L'acteur y incarnait celui que tout le monde voulait être, le Ranger du Vent rouge .

Doris Day, actress and animal activist, dead at 97
Her first hit, " Sentimental Journey ", in 1945, was recorded while serving as the vocalist in Les Brown's band. But her music stardom continued well into the 21st century when she broke a huge record in 2011.

Sweden resumes rape investigation against Julian Assange
Assange had also faced investigation for a second sex-related allegation, which was dropped in 2015 because time had run out. He appeared by videolink at Westminster magistrates court on 2 May to say he did not consent to be extradited to the US.

Michael Schumacher documentary to be released in December
It will be framed by Schumacher's 50th birthday and the 25th anniversary of his first World Championship victory. Although, earlier this year he was reportedly spotted arriving at his family's holiday home in Majorca.

International Nurses Day observed in Phek, Dimapur The Morung Express
UHS Nurse manager Hana'a Rauhi Radi Ayesh was asked of her opinion with regard to the need for more nurses worldwide. Mrs McDougall said nursing wasn't just about giving patient washes and administering medication.

Britain's Conservatives in fourth place in European Union election poll, Farage leads
The prediction, reporting in the Sunday Telegraph, comes after local council elections saw the loss of almost 1,300 Tory councillors.

EA veut proposer son jeu Apex Legends sur iOS et Android
Les deux jeux ont très vite réussi à s'imposer et leurs versions mobiles rapportent (très) gros . Une performance loin d'être passée inaperçue et qui fait le bonheur d'EA.

Risk of Parkinson's more for those who got appendix removed
While some studies noted a link between patients without the organ and a likelihood of developing Parkinson's, others found none. Sheriff will be presenting the study during the 2019 Digestive Disease Week conference, May 18-21.