US-China trade war hurts American families
5 years, 7 months ago

US-China trade war hurts American families

CNN  

Editor’s Note: Mary E. Lovely is a professor of economics at Syracuse University and non-resident senior fellow at the Peterson Institute for International Economics. When President Donald Trump first initiated the trade war with China one year ago, he justified the action as necessary to open China’s markets and to secure America’s rights to its own intellectual property. The pain of higher costs for American manufacturers has so far paled beside the severe distress facing American farmers and ranchers, whose sales to China have plummeted since Trump’s trade war began. The trade war risks pushing Chinese consumers away from US products, taking away American jobs in the process. As tariffs become broader, higher and more permanent without any relief from the changes in Chinese behavior they were supposed to elicit, it becomes increasingly likely that nothing will be gained by the American families who are paying the price of Trump’s trade war.

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History of this topic

US companies vouched for China during Trump’s first term. Not anymore.
1 week ago

US companies vouched for China during Trump’s first term. Not anymore.

Live Mint  

SINGAPORE—During Donald Trump’s first term, U.S. companies argued that a trade war with China was bad for Americans. companies are more wary about doing business in China," said Anja Manuel, the executive director of the Aspen Security Forum and a consultant for American companies doing business abroad. The American Chamber of Commerce in China, which represents more than 800 mainly …

Why the US should think twice before launching another tariff war?
2 weeks, 2 days ago

Why the US should think twice before launching another tariff war?

China Daily  

Shipping containers are stored at the Port Newark Container Terminal in Newark, New Jersey, on July 21, 2022. In a move that surprised no one, US President-elect Donald Trump once again played the "tariff card," threatening an additional 10 percent tariff on all Chinese products entering the United States, citing a most far-fetched excuse of US drug problems. Here are …

Better Sino-US ties best option for Trump
3 weeks, 1 day ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 2 days ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
3 weeks, 2 days ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US families to bear brunt of new tariffs
Trending News
3 weeks, 3 days ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 weeks, 4 days ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

China's Xi warns 'no winners' in trade war with U.S.
4 weeks, 2 days ago

China's Xi warns 'no winners' in trade war with U.S.

Raw Story  

by Peter CATTERALL Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year. Former US president Donald Trump -- who returns to the White House next month -- unleashed a grueling trade war with China during his first …

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 …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial
1 month ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial

China Daily  

This photo taken on Jan 19, 2023 shows the US Capitol building in Washington, DC, the United States. To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. On the campaign trail, he told US …

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 …

Why Trump’s proposed tariffs may be bad news for China and Asia
1 month, 2 weeks ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
1 month, 2 weeks ago

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

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. Chinese exporters are already looking at new markets …

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 …

Ripple effects of US policy on Chinese trade
1 month, 2 weeks ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

China is armed and ready for trade war 2.0 with Donald Trump
1 month, 2 weeks ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China is armed and ready for trade war 2.0 with Donald Trump
1 month, 2 weeks ago

China is armed and ready for trade war 2.0 with Donald Trump

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 2 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Alarmed China over Trump victory plans to choke chip industry
1 month, 3 weeks ago

Alarmed China over Trump victory plans to choke chip industry

Firstpost  

As China dominates the supply of minerals needed to manufacture chips, it is expected to choke supplies in case Donald Trump ramps up the US-China trade war after assuming office in January Semiconductor chips are seen on a printed circuit board in this illustration picture taken 17 February, 2023. How China uses control of supply chains in trade war China …

Trump's 'economic war' with China would hammer these two swing states: CNBC
1 month, 3 weeks ago

Trump's 'economic war' with China would hammer these two swing states: CNBC

Raw Story  

If President-elect Donald Trump is serious about hitting all Chinese goods with tariffs of 60 percent or higher, experts warn it could lead to all-out economic warfare that would be particularly damaging to two key swing states that Trump flipped in 2024. CNBC reports that the U.S.-China Business Council, in conjunction with Oxford Economics, estimates that a large-scale "economic war" …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 3 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 3 weeks ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

The world faces its worst trade wars since the 1930s
1 month, 4 weeks ago

The world faces its worst trade wars since the 1930s

Hindustan Times  

THE WORLD stands on the brink of multiple trade wars. The same hawks then predict that new tariffs will raise “artificially low prices” for Chinese goods, thereby creating economic incentives large enough to alter trade flows, helping domestic firms to employ more Americans. When it comes to strategic goods and technologies from China, Mr Trump can raise some tariffs on …

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade
2 months ago

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade

ABC  

In the eastern Chinese city of Yiwu, known as the "world's supermarket", traders were cautiously optimistic yet wary as a wave of orders rolled in before the United States presidential election. Trump's tariffs could impact the global economy Photo shows A illustration of US and Chinese flags covering currency Trump's victory has far-reaching global economic and market ramifications. For many …

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 …

US soybean trade with China already strained before Trump’s return -Braun
2 months ago

US soybean trade with China already strained before Trump’s return -Braun

Live Mint  

By Karen Braun NERVILLE, Illinois, - Uncertainty increased for U.S. soybean exporters this week with Donald Trump's election win, since shipments to top customer China were severely curbed when a trade war began during Trump’s first presidency. However, U.S. soybean trade to China was already going poorly prior to Tuesday’s election, and some of the latest statistics are the most …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
2 months ago

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in

Live Mint  

US Election Results 2024: In a remarkable turnaround after losing the 2020 elections, Republican US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President Trump's top …

Trump says he loves farmers. His tariff plans suggest otherwise
2 months ago

Trump says he loves farmers. His tariff plans suggest otherwise

Salon  

After last minute polling out of Iowa revealed Donald Trump may not win the deep-red state, the presidential nominee took to his social media platform, Truth Social, over the weekend to declare that no president has ever done more for the agricultural community than he has, dismissing the numbers as fake news from a “Trump hater.” “No President has done …

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead
5 months, 2 weeks ago

As Beijing quietly heads into economic oblivion while Washington lights up, expect tougher times ahead

ABC  

As the world looks on entranced at the drama playing out in Washington, an equally significant but far less visible event has been unfolding in our very own time zone. China's trade trap US presidential hopeful Donald Trump points to China's trade surplus as a deliberate attempt by Beijing to take advantage of Americans, to create a common enemy. China's …

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 …

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'
6 months, 1 week ago

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'

Hindustan Times  

Donald Trump accused China of “killing” the US and alleged that Joe Biden was bringing the America closer to a world war during the first debate ahead of November’s presidential election. “China is going to own us if you keep allowing them to do what they’re doing to us as a country,” Trump told Biden during a televised debate on …

US tariffs a sign of weakness, not strength
6 months, 2 weeks ago

US tariffs a sign of weakness, not strength

China Daily  

The US Capitol building is shrouded in haze in Washington, DC, the United States, on June 7, 2023. During his last campaign, Biden criticized the then US president Donald Trump's tariffs, arguing that they were ultimately paid by US consumers, not China. The Cold War mentality, which views China as the US' primary global strategic competitor, fuels US trade protectionism …

US tariffs a sign of weakness, not strength
6 months, 2 weeks ago

US tariffs a sign of weakness, not strength

China Daily  

The US Capitol building is shrouded in haze in Washington, DC, the United States, on June 7, 2023. During his last campaign, Biden criticized the then US president Donald Trump's tariffs, arguing that they were ultimately paid by US consumers, not China. The Cold War mentality, which views China as the US' primary global strategic competitor, fuels US trade protectionism …

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 …

Trade War: What Is It Good For?
7 months, 3 weeks ago

Trade War: What Is It Good For?

Politico  

President Joe Biden this week announced new tariffs on a suite of Chinese goods, the result of a yearslong investigation into what, if any, changes should be made to his predecessor’s punitive tariffs on China. Top Biden administration officials have emphasized the need to strategically reduce our reliance on China in American supply chains, an approach that has been dubbed …

Biden continues Trump’s trade war; US imposes major tariffs on China imports
7 months, 3 weeks ago

Biden continues Trump’s trade war; US imposes major tariffs on China imports

Hindustan Times  

Washington: With the stated objective of protecting American workers and businesses from “unfair Chinese trade practices”, the US increased tariffs on the import of steel and aluminium, semiconductors, electric vehicles, battery, battery components and critical minerals, solar cells, ship to shore cranes and medical products from China on Tuesday. A factsheet released by the White House on Tuesday said that …

Biden attacks Trump with new China tariff announcement
7 months, 3 weeks ago

Biden attacks Trump with new China tariff announcement

Politico  

Still, Biden’s trade action leaves in place the tariffs that Trump imposed on more than $300 billion worth of Chinese during 2018 and 2019, despite pleas from many business groups for tariff relief. And he bragged about using export controls and other measures so “the most advanced American technologies we develop or invent … can’t be used by the Chinese …

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV
7 months, 3 weeks ago

After harming TikTok, Biden's latest checkmate will impact China in billions as US sharply hikes tariffs – India TV

India TV News  

US President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks. Biden will keep tariffs put in place by his Republican predecessor Donald Trump while …

US should jump-start talks with China on tariffs to manage tensions
8 months, 1 week ago

US should jump-start talks with China on tariffs to manage tensions

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. An early, promising completion of the US Trade Representative review of the China tariffs could provide a relief to consumers and importers; it would also end uncertainty in the China-US relations, making a positive impact on the international economy. Higher tariffs …

Tensions between Beijing and Washington are the biggest worry for US companies in China, report says
8 months, 2 weeks ago

Tensions between Beijing and Washington are the biggest worry for US companies in China, report says

Associated Press  

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. American businesses are frustrated by slow progress on promises by China to level the playing field between foreign and Chinese companies, the report said. Among its many recommendations the report …

Would Donald Trump Start a China-US Trade War 2.0?
10 months ago

Would Donald Trump Start a China-US Trade War 2.0?

The Diplomat  

Donald Trump is close to securing the 2024 Republican presidential nomination after a winning streak in early GOP primaries. Even if Trump could somehow weather the economic repercussions of another trade war, the broader political consequences for the Republican Party would likely be insurmountable. Thus, the cost of another trade war with China is evidently more pronounced for GOP politicians …

US criticism of China's WTO compliance falls flat as it doesn't have a leg to stand on: China Daily editorial
10 months, 2 weeks ago

US criticism of China's WTO compliance falls flat as it doesn't have a leg to stand on: China Daily editorial

China Daily  

This file photo taken on Dec 4, 2019 shows a view of the Capitol Hill in Washington DC, the US. The United States has once again pointed an accusing finger at China for allegedly failing to comply with the norms and principles of the World Trade Organization, which, as well as being "false", as China's Ministry of Commerce immediately made …

Electioneering tariff talk belies the reality: China Daily editorial
10 months, 3 weeks ago

Electioneering tariff talk belies the reality: China Daily editorial

China Daily  

There has been plenty of hoopla about the effectiveness of tariffs when it comes to correcting what in the eyes of US policymakers is unfair trade imbalances. The previous Donald Trump administration initiated a trade war against China, imposing 25 percent additional tariffs on Chinese imports worth $300 billion in 2018. This is because, in US Trade Representative Katherine Tai's …

How America is failing to break up with China
10 months, 4 weeks ago

How America is failing to break up with China

Hindustan Times  

WHEN IT COMES to tracing the geography of global supply chains, few companies provide a better map than Foxconn, the world’s largest contract manufacturer. And trade with these allies is rising fast: just 51% of American imports from “low-cost” Asian countries came from China last year, down from 66% when the Trump administration’s first tariffs were introduced five years ago, …

Mexico overtakes China as the leading source of goods imported to US
11 months ago

Mexico overtakes China as the leading source of goods imported to US

The Hindu  

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. Figures released by the U.S. Commerce Department show that the value of goods imported to the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion. The last time …

How Washington is bracing for Trump’s next trade war
11 months ago

How Washington is bracing for Trump’s next trade war

Politico  

The Republican presidential frontrunner is reportedly considering up to a 60 percent tariff on all imports from China and a 10 percent “universal” tariff on all other trading partners if he wins reelection in November. In a sign that even some of his own advisers don’t know what’s in Trump’s head, one former Trump trade official said the reported tariff …

Can the US reverse China's dominance of manufacturing?
11 months, 1 week ago

Can the US reverse China's dominance of manufacturing?

China Daily  

A worker assembles vehicles in a factory in Weifang, Shandong province, Jan 28, 2023. In an op-ed piece published on the Diplomat's website on Jan 18, Xiaofeng Wang, a foreign affairs reporter currently located in Washington, D.C, highlighted China's pivotal role as the primary supplier of intermediate goods, asserting that this gives China a significant advantage and makes it more …

Sino-US ties vital to global development
1 year ago

Sino-US ties vital to global development

China Daily  

Chinese and US flags flutter outside the building of an American company in Beijing. Although the challenges between the US and China have intensified due to disruptions in the global industry and supply chains, and international trade, as well as regional conflicts, Sino-US trade has remained quite resilient, because Chinese products still appeal to US consumers, and China maintains its …

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