Donald Trump says he has not agreed to rollbacks of tariffs on Chinese goods in 'phase one' deal amid 16-month trade war
5 years, 2 months ago

Donald Trump says he has not agreed to rollbacks of tariffs on Chinese goods in 'phase one' deal amid 16-month trade war

Firstpost  

President Donald Trump on Friday said he has not agreed to rollbacks of US tariffs sought by China, sparking fresh doubts about when the world’s two largest economies may end a 16-month trade war that has slowed global growth Washington: President Donald Trump on Friday said he has not agreed to rollbacks of US tariffs sought by China, sparking fresh doubts about when the world’s two largest economies may end a 16-month trade war that has slowed global growth. Officials from both countries on Thursday said China and the United States had agreed to roll back tariffs on each others’ goods in a “phase one” trade deal. Anonymous sourcing ‘circus’ White House trade adviser Peter Navarro, one of the Trump administration’s loudest anti-China voices, lashed out at journalists on Friday in an e-mail, accusing them of being “played” by Chinese “propagandists” who were falsely stating that the two sides had agreed to cancel tariffs in phases. The “phase one” trade deal would largely address farm purchases, access to China’s financial services market and improve copyright and trademark protections in China.

China Trade Trump Donald Trump Chinese Deal Tariffs Phase Navarro Agreed Rollback Us Tariffs  china  rollbacks  phase  trump  goods  rollback  farm  donald  tariffs  agreed  chinese  deal  war  trade

History of this topic

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
1 month ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

China to respond to Trump's 'tariff war' with 'supply chain war'
1 month, 1 week ago

China to respond to Trump's 'tariff war' with 'supply chain war'

Firstpost  

China is expected to use its dominant position in supply chains to respond forcefully with a ‘supply chain war’ to ’tariff war’ that US President-elect Donald Trump is expected to wage on China US President-elect Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing on November …

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 2 weeks ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

China prepares to retaliate against potential trade war with Donald Trump
1 month, 3 weeks ago

China prepares to retaliate against potential trade war with Donald Trump

Firstpost  

China is reportedly preparing to counter potential US tariffs, setting the stage for an economic tit-for-tat that could further strain relations. China is preparing for potential retaliation against new tariffs if Donald Trump restarts the trade war upon his return to the Oval Office next year. China will strike back in the first rounds of another Trump trade war to …

China anxious as Trump victory may intensify trade wars
Trending News
2 months ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

Market to drive China-US economic, trade ties forward
2 months ago

Market to drive China-US economic, trade ties forward

China Daily  

Regardless of the stance taken by the new US administration, market forces will ensure that China-US economic and trade cooperation continues to forge ahead, said Zhou Mi, senior researcher at the Chinese Academy of International Trade and Economic Cooperation, which is affiliated with the Ministry of Commerce. And that definitely means more cooperation because they do see the possibilities of …

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout
5 months, 3 weeks ago

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout

ABC  

The blood-smeared face of Donald Trump, clenched fist raised against the background of the stars and stripes, may be the defining image of his campaign and an enduring portrayal of our times. US tariff rise Photo shows US President Donald Trump says he's ready to escalate the trade war with China President Donald Trump's latest tariff hike on Chinese goods …

The Seismic Shift in the US Trade Agenda
6 months, 2 weeks ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

America’s tough talk on trade balance
8 months, 4 weeks ago

America’s tough talk on trade balance

Hindustan Times  

There are no standout outcomes of United States treasury secretary Janet Yellen’s just-concluded visit to China, but it remains a crucial piece in the broader engagement between the two countries. In fact, a Biden-Xi call days before Yellen landed in Beijing was seen as a prologue of sorts to the visit, with the leaders appreciating the progress made on a …

US, China talk trade, supply chains as Biden weighs tariff cuts
2 years, 6 months ago

US, China talk trade, supply chains as Biden weighs tariff cuts

Al Jazeera  

United States Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He discussed economic issues including international trade and supply chains, as the Biden administration considers lowering tariffs on Chinese goods to tame soaring inflation. In a virtual meeting with her Chinese counterpart on Tuesday, Yellen “frankly” raised concerns about China’s “unfair, non-market” economic policies and Russia’s war against Ukraine, …

Chad Bown
2 years, 10 months ago

Chad Bown

The Diplomat  

On January 15, 2020, then-U.S. President Donald Trump welcomed China’s Vice Premier Liu He to the White House for the signing of the China-U.S. Economic and Trade Agreement, more commonly known as the “Phase One” trade deal. However, the Phase One deal remained in effect throughout and continues to shape China-U.S. trade relations today, with the Biden administration taking enforcement …

US faults China for failing to meet purchase targets under 2020 trade deal
2 years, 10 months ago

US faults China for failing to meet purchase targets under 2020 trade deal

Live Mint  

The Biden administration faulted China for failing to meet its commitments to purchase U.S. goods under the 2020 trade deal, and said it was prepared to take further action to level the competitive playing field with Beijing. China has “fallen far short of implementing its commitments to purchase U.S. goods and services in 2020 and 2021," the Office of the …

Beijing fell short on trade deal promises, creating dilemma for Biden
3 years ago

Beijing fell short on trade deal promises, creating dilemma for Biden

Live Mint  

WASHINGTON : Beijing’s commitment to step up purchases of U.S. goods and services under a 2020 trade pact expires Friday with China expected to miss its targets by a wide margin, creating a dilemma for the Biden administration as it calibrates a response. He added that the Biden administration still has “fundamental concerns nonmarket trade policies and practices and their …

After Biden-Xi summit, what next for US-China trade war?
3 years, 1 month ago

After Biden-Xi summit, what next for US-China trade war?

Al Jazeera  

Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say. The virtual meeting between United States President Joe Biden and China’s leader Xi Jinping helped ease the growing tension between the two countries but did not make headway in resolving lingering US-China trade war disputes. Biden spoke briefly about China’s “unfair trade and economic …

What Happened to the China-US Focus on Trade?
3 years, 8 months ago

What Happened to the China-US Focus on Trade?

The Diplomat  

For much of the Trump administration, the central issue in China-U.S. relations was trade. The summary from China’s Ministry of Foreign Affairs likewise relegated economic ties to one point on a longer list of topics: “economy and trade, military, law enforcement, culture, health, cyber security, climate change, the Iranian nuclear issue, Afghanistan, the Korean Peninsula and Myanmar, etc.” This lack …

For a reset: The Hindu Editorial on U.S.-China meeting in Alaska
3 years, 9 months ago

For a reset: The Hindu Editorial on U.S.-China meeting in Alaska

The Hindu  

As top diplomats from the U.S. and China begin their meeting in Alaska, there is no question that their conversation will be a difficult one. The meeting, between U.S. Secretary of State Antony Blinken and Yang Jiechi, CCP Politburo member and Director, Central Foreign Affairs Commission, accompanied by U.S. NSA Jake Sullivan and Chinese Foreign Minister and State Councillor Wang …

US-China talks could end up inflaming trade tensions
3 years, 9 months ago

US-China talks could end up inflaming trade tensions

CNN  

Hong Kong CNN Business — Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe Biden took office. “Downplaying hopes for the meeting reflects domestic politics — on the US side, Biden wants to avoid appearing to be too soft with Beijing — but also the broader state …

China-US trade: Beijing urges Washington to remove tariffs
3 years, 10 months ago

China-US trade: Beijing urges Washington to remove tariffs

Al Jazeera  

Senior Chinese diplomat Wang Yi has called on the administration of United States President Joe Biden to work with Beijing to reopen dialogue between the two countries and to remove tariffs and sanctions, steps that would go towards restoring a bilateral relationship damaged under the presidency of Donald Trump. Wang, a Chinese state councillor and foreign minister, said the Trump …

US trade policy is ready for its Biden makeover
4 years, 1 month ago

US trade policy is ready for its Biden makeover

Live Mint  

If he winds up facing a hostile Senate, President-elect Joe Biden will struggle to make sweeping policy changes. Biden will have the power to reverse many of the Trump administration’s bad policies to strengthen trade with allies and potential allies, while keeping up the technological competition with China. Helping Vietnam to grow its economy rapidly by exporting goods to the …

Trump’s trade wars at a glance, from Beijing to Brussels
4 years, 2 months ago

Trump’s trade wars at a glance, from Beijing to Brussels

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Here's a look at four tumultuous years of …

Trump promised to win the trade war with China. He failed
4 years, 2 months ago

Trump promised to win the trade war with China. He failed

CNN  

Hong Kong CNN Business — US President Donald Trump started a trade war with China to fix what he’s repeatedly blasted as an unfair relationship between the world’s two largest economies. Trump vowed to cut the US trade deficit, but instead it’s reached historic highs.He wanted China to buy more American products, but that hasn’t happened as much as Washington …

Donald Trump says will end reliance on China 'once and for all', calls for boosting domestic manufacturing
4 years, 3 months ago

Donald Trump says will end reliance on China 'once and for all', calls for boosting domestic manufacturing

Firstpost  

Addressing a poll rally, the US president added that the long-negotiated trade deal with China “doesn’t mean the same to him” and that he “won’t forget” that “COVID-19 came from China” Washington: US president Donald Trump has vowed to end his country’s reliance on China once and for all if voted to power, expressing disappointment that the post-coronavirus relationship with …

US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules
4 years, 3 months ago

US-China trade war: WTO says American tariffs on Beijing in 2018 broke global trade rules

Firstpost  

The Donald Trump administration has continued to play an active role in the World Trade Organisation, but many of Trump’s biggest trade offensives over the past three years have bypassed the organisation’s rules Washington: A World Trade Organisation panel said on Tuesday that the United States violated international trade rules by imposing tariffs on China in 2018 in the midst …

US, China reaffirm commitment to Phase 1 trade deal in phone call
4 years, 4 months ago

US, China reaffirm commitment to Phase 1 trade deal in phone call

Live Mint  

Top US and Chinese trade officials have reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy American goods, giving a boost to financial markets on Tuesday. The pledge was made in a telephone call between US Trade Representative Robert Lighthizer, US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu …

Top US, Chinese officials optimistic on Phase 1 trade deal after phone call
4 years, 4 months ago

Top US, Chinese officials optimistic on Phase 1 trade deal after phone call

Hindustan Times  

Top US and Chinese officials, who spoke by phone on Monday, see progress on resolving issues over the Phase 1 trade deal reached in January and both sides are committed to the success of the agreement, the US Trade Representative’s Office said. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese Vice Premier Liu He in …

The US and China say they’re making progress on trade, even as other tensions worsen
4 years, 4 months ago

The US and China say they’re making progress on trade, even as other tensions worsen

CNN  

Beijing/Hong Kong CNN Business — The United States and China say they’re optimistic about the state of their trade agreement — even as the two superpowers fight over a slew of other issues, including technology and national security. China’s Ministry of Commerce called the talks“a constructive dialogue” in its own statement, adding that the countries agreed “to create conditions and …

China, US Agree to Hold Trade Talks to Evaluate Progress of Phase 1 Deal: Chinese Commerce Ministry
4 years, 4 months ago

China, US Agree to Hold Trade Talks to Evaluate Progress of Phase 1 Deal: Chinese Commerce Ministry

News 18  

China and the United States have agreed to hold trade talks “in the coming days” to evaluate the progress of their Phase 1 trade deal six months after it took effect in February, the Chinese commerce ministry said on Thursday. They followed Tuesday’s remarks by White House Chief of Staff Mark Meadows that no new high-level trade talks were scheduled, …

Trump and Biden on trade: Same diagnosis, different prescription
4 years, 4 months ago

Trump and Biden on trade: Same diagnosis, different prescription

LA Times  

International trade was never much of an issue in presidential campaigns until Donald Trump. In 2016, he made trade a key plank in his economic nationalism platform, denouncing America’s biggest free trade pacts and promising a whole new way of doing business with the rest of the world. President Trump At the core of Trump’s trade policy has been his …

Fraying US-China relations tested by Donald Trump ahead of presidential election
4 years, 4 months ago

Fraying US-China relations tested by Donald Trump ahead of presidential election

Live Mint  

The almost daily drumbeat of tensions between the U.S. and China shows little sign of letting up, while touching on everything from the coronavirus to trade to defense issues to monetary policy. Against that background, it’s unclear how heated things may get between now and November, while the provocations mount: The Trump administration on Friday approved the sale of F-16 …

US, China to Discuss 'Phase-1' Trade Deal amid Covid-19 Disruption
4 years, 4 months ago

US, China to Discuss 'Phase-1' Trade Deal amid Covid-19 Disruption

News 18  

Negotiators from the United States and China will on Saturday discuss the "phase one" trade deal signed earlier this year -- before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse. US Trade Representative Robert Lighthizer in June said China would follow through on its commitments while Washington eyes a …

Trump administration ‘satisfied’ with China purchases: Adviser
4 years, 4 months ago

Trump administration ‘satisfied’ with China purchases: Adviser

Al Jazeera  

China has increased purchases of commodities as part of its phase one trade deal, Trump adviser says ahead of review. White House economic adviser Larry Kudlow says the administration of United States President Donald Trump is satisfied with China’s progress in meeting commitments to purchase US goods in a phase one trade deal, signalling that the pact will survive an …

Trade, technology and security at risk in US-China feud
4 years, 5 months ago

Trade, technology and security at risk in US-China feud

Associated Press  

BEIJING — They have the largest economies in the world. The United States is China’s biggest single-country export market, even after President Donald Trump imposed punitive tariffs on Chinese goods. 3 market for American exporters, as well as a huge market for goods and services produced in China by U.S. companies ranging from General Motors Co. to Burger King. In …

Trump says he is not thinking about a 'Phase 2' U.S.-China trade deal
4 years, 5 months ago

Trump says he is not thinking about a 'Phase 2' U.S.-China trade deal

The Hindu  

U.S. President Donald Trump has for the time being ruled out a second phase trade deal with China, saying the relationship between the two countries has been severely damaged with Beijing’s handling of the coronavirus outbreak. I don’t think about it now,” Trump told reporters on Friday from Air Force One when asked about the trade deal. Earlier in the …

Trump says China trade deal still on after adviser’s remarks
4 years, 6 months ago

Trump says China trade deal still on after adviser’s remarks

Associated Press  

WASHINGTON — President Donald Trump is tweeting that an initial trade agreement with China is still on after a top White House adviser’s comments seemed to suggest it was over, spooking markets late Monday. Trump tweeted: “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!” The Trump administration has …

Trump’s Rallies Confirm Bolton’s China Story
55 years ago

Trump’s Rallies Confirm Bolton’s China Story

Slate  

John Bolton, President Donald Trump’s former national security adviser, has just added a new chapter to the stockpile of evidence that Trump betrayed the United States. In that conversation, he recalls, Trump offered to reduce U.S. tariffs on China in exchange for “increases in Chinese farm-product purchases, to help with the crucial farm-state vote.” Then, in June 2019, according to …

China halts some US farm imports, threatening trade deal
4 years, 7 months ago

China halts some US farm imports, threatening trade deal

Live Mint  

Chinese government officials told major state-run agricultural companies to pause purchases of some American farm goods including soybeans as Beijing evaluates the ongoing escalation of tensions with the US over Hong Kong, according to people familiar with the situation. Trump’s threats Trump said the US would begin the process of stripping some of Hong Kong’s privileged trade status, without detailing …

Trump’s China dilemma: how to punish Beijing without hurting the US economy and his own reelection chances
4 years, 7 months ago

Trump’s China dilemma: how to punish Beijing without hurting the US economy and his own reelection chances

CNN  

Washington CNN — The Trump administration is looking for ways to punish China for its complacency amid the coronavirus pandemic without burning President Donald Trump’s bid for a second term. Many Americans, particularly farmers in strategic heartland states hit hard by Trump’s trade war, were hoping the additional $200 billion in US exports to China as promised by the deal …

China, US should work together to implement trade deal, says Beijing after Donald Trump threatens to terminate agreement signed in January
4 years, 7 months ago

China, US should work together to implement trade deal, says Beijing after Donald Trump threatens to terminate agreement signed in January

Firstpost  

Beijing on Tuesday said that China and the United States should work together to implement their Phase One trade deal, following the principle of equality and mutual respect, a Chinese Foreign Ministry spokesperson said on Tuesday. The two sides should work together to implement the agreement following the principle of equality and mutual respect,” Chinese foreign ministry spokesperson Zhao Lijian …

Trump rules out renegotiating trade deal with China says not interested
4 years, 7 months ago

Trump rules out renegotiating trade deal with China says not interested

India TV News  

US President Donald Trump has ruled out renegotiation on the trade deal signed with China saying he's not interested in that while addressing reporters at the White House. Trump was asked by the reporters on reports that China wanted to resume discussions on the trade deal that was signed between the two nations earlier this year. President Trump said, "not …

Trump says he is ’having a hard time’ and ’torn’ over US-China trade deal
4 years, 8 months ago

Trump says he is ’having a hard time’ and ’torn’ over US-China trade deal

Live Mint  

President Donald Trump cast doubt on the future of his “phase one” trade deal with China, one of the biggest accomplishments of his first term, saying Friday that he’s struggling with Beijing in the wake of the global coronavirus pandemic. And it was kicking in, you know, a month ago and starting to kick in and starting to produce and …

Will know in a week or so if China will adhere to trade deal, says Donald Trump; US weighing options to shift supply chains from Beijing
4 years, 8 months ago

Will know in a week or so if China will adhere to trade deal, says Donald Trump; US weighing options to shift supply chains from Beijing

Firstpost  

US President Donald Trump said on Wednesday he would be able to report in about a week or two whether China is fulfilling its obligations under a Phase 1 trade deal the two countries signed in January before the coronavirus spread globally. Washington: US President Donald Trump said on Wednesday he would be able to report in about a week …

Trump strikes friendly tone on China with trade in mind, as his top officials point fingers over pandemic
4 years, 9 months ago

Trump strikes friendly tone on China with trade in mind, as his top officials point fingers over pandemic

CNN  

CNN — As coronavirus cases in the US surge, President Donald Trump isn’t focused just on those statistics, administration officials say, but is The President gets regular briefings on agriculture sales to China and monitors those figures almost as closely as his White House pandemic team tracks statistics on the coronavirus, whichhad surpassed more than 121,000 cases and more than …

Even as Trump claims two victories on trade, doubts remain
4 years, 11 months ago

Even as Trump claims two victories on trade, doubts remain

Associated Press  

WASHINGTON — President Donald Trump’s trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. Many trade experts say they worry that in the long run, Trump’s relentlessly confrontational stance and eager embrace of tariffs could pose risks to both the U.S. and global economies. Here is a closer look at Trump’s recent …

US deal with China is a victory for Trump, but more still needs to be done (opinion)
4 years, 11 months ago

US deal with China is a victory for Trump, but more still needs to be done (opinion)

CNN  

Editor’s Note: James D. Schultz is a CNN legal commentator and chair of the Government and Regulatory practice at Philadelphia-based law firm Cozen O’Connor. That changed when President Trump took office, and his consistently tough stance led to a “phase one” trade deal between the United States and China last week. In addition to easing tensions between the two nations, …

U.S.-China Trade Deal Implications
4 years, 11 months ago

U.S.-China Trade Deal Implications

NPR  

U.S.-China Trade Deal Implications MICHEL MARTIN, HOST: We're going to spend some time now talking about the trade deal President Trump signed with China earlier this week. The Phase 1 deal is a partial cease-fire in the long trade war between the world's two largest economies. LOVELY: Oh, there's been no doubt that the trade war has impacted farmers. The …

Tariffs become new normal as Donald Trump moves to next China demands
4 years, 11 months ago

Tariffs become new normal as Donald Trump moves to next China demands

Live Mint  

As he signed an initial trade deal with China on Wednesday, President Donald Trump promised further negotiations to tackle some of US companies’ most long-standing complaints would begin “very, very shortly” and that tariffs on some $360 billion in imports from China would remain in place as leverage. That’s one very clear takeaway from this whole exercise and the US …

Concerns linger after US signs initial trade deal with China; analysts question Beijing’s ability to divert imports from other partners to Washington
4 years, 11 months ago

Concerns linger after US signs initial trade deal with China; analysts question Beijing’s ability to divert imports from other partners to Washington

Firstpost  

China will boost purchases of US goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth Beijing/Washington: China will boost purchases of US goods and services by $200 billion over two …

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
4 years, 11 months ago

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

CNN  

Hong Kong CNN Business — China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their “phase one” trade deal. The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. “We think it is highly challenging for China …

United States and China sign phase one of new trade deal
4 years, 11 months ago

United States and China sign phase one of new trade deal

ABC  

The United States and China have announced an initial trade deal that will roll back some tariffs and boost Chinese purchases of US goods and services, defusing an 18-month conflict between the world's two largest economies. Key points: The centrepiece of the deal is a pledge by China to purchase an additional $US200 billion of US farm products and other …

Discover Related