China's retaliatory tariffs on US to come into effect from Monday: Can it start a new trade war?
Trump announced an extra 10 per cent tariff on Chinese goods last week. But Xi remained undeterred and unveiled extra 10-15 per cent duties on US energy exports and farm equipment US president elect Donald Trump and Chinese President Xi Jinping. “So Trump probably wants something more that they cannot publicly talk about.” This could be things like pushing China to pressure Russia over the Ukraine war, for instance. Ma Wei, a researcher at the Chinese government-affiliated CASS Institute of American Studies, said, “You have to have equal talks and an equal agreement, not one in which you first put a high tariff on me, and then you say we have to make a deal.” Financial Times cited Wendy Cutler, a trade expert and vice-president at the Asia Society Policy Institute, as saying that “Beijing most likely will take a wait-and-see approach before considering engagement.” That would depend on whether China sees the new tariffs as imposing heavy costs on the nation. Some economists believe that Trump’s proposed tariffs, including a 60 per cent levy suggested during the presidential campaign, could significantly impact China’s economy.
Discover Related
The staggering amount Trump's tariff war with China could cost every American family
Despite Trump's tariff pause, recession risk remains: JP Morgan
Donald Trump’s tariffs war: Does the 125% duty on China make it India’s time to shine?
As Trump singles out China in his tariff war, Xi reviews strategy: 4 things in focus
EU welcomes Trump's 'pause' on reciprocal tariffs but to focus countries with 87% global trade
Why do Trump's tariffs on China remain? Can Beijing withstand 125% levies?
As US buyers cancel orders, Chinese factories say no more discounts
Trump’s tariff pause brings investors relief—but worries remain
Trump transforms tariff war into high-stakes showdown with China
Trump pauses ‘reciprocal’ tariffs, but hits China harder
US bullying erodes values that made US world leader
China hits back at US tariffs to defend rules-based trade
Trump announces 90-day pause on new tariffs for most countries, raises China levies to 125%
Trump Tariffs LIVE Updates: US President likely to announce Pharma tariffs
China Raises Tariffs to 84% in Response to Trump’s 104% Import Levies
The MPC’s decision was the first scene of a whole new tariff-driven drama
Tariff war escalates as China imposes additional levy of 50%, says will charge 84% on US imports
Is China banning Hollywood movies amid tariff war with Donald Trump?
S&P 500 nearing a bear market: Trump’s reciprocal tariffs spur market carnage as they take effect
S&P 500 nearing a bear market: Trump’s reciprocal tariffs spur market carnage as they take effect
Doom loop: Stagflation is the best scenario a tariff-hit US can expect
‘Tariff-hit nations kissing my a**’: Trump claims countries are ‘dying to make a deal’