ECB’s Knot Says Trade War Could Export China Deflation to Europe
1 week, 2 days ago

ECB’s Knot Says Trade War Could Export China Deflation to Europe

Live Mint  

-- China may start selling its products to Europe at discounted rates if the US starts a trade war by imposing new tariffs, according to European Central Bank Governing Council member Klaas Knot. “In this way, China is, as it were, exporting its deflation to us.” Policymakers around the world are watching the US for potential trade levies when Donald Trump returns to the White House in January. Earlier this month, ECB Vice President Luis de Guindos said a trade war triggered by new US tariffs would significantly weigh on economic expansion. Referring to a recent trip to China, Knot said President Xi Jinping “left the clear impression that China is prepared for anything that could come their way from the US.” Turning to domestic issues, Knot warned labor unions that strong wage-increase demands in Europe risk accelerating inflation.

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History of this topic

EU urged to seek 'win-win' tariff position
Top News
1 week, 2 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

EU urged to seek 'win-win' tariff position
Top News
1 week, 2 days ago

EU urged to seek 'win-win' tariff position

China Daily  

By WANG YU and ZHONG NAN | China Daily | Updated: 2024-12-31 09:25 A SAIC model is driven into a cargo ship headed to Europe. The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's …

EU urged to seek 'win-win' tariff position
Trending News
1 week, 2 days ago

EU urged to seek 'win-win' tariff position

China Daily  

Imposing duties has never effectively addressed trade issues, ex-official says The European Union should adopt a mutually beneficial approach to resolve the trade issue over its anti-subsidy case with Chinese electric vehicles, as such an approach aligns with the bloc's interests, said Wei Jianguo, China's former vice-minister of commerce. Wei said that the EU's tariff imposition approach toward Chinese EVs …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
3 weeks, 3 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 …

Inflation set to stay at 3%, trade war will hurt economic growth
3 weeks, 5 days ago

Inflation set to stay at 3%, trade war will hurt economic growth

Dutch News  

Inflation is set to remain high next year at around 3%, the Dutch central bank said on Friday in its autumn projections. The bank said estimated economic growth, of 0.9% this year and 1.5% in 2025 and 2026, is slightly higher than forecast in the spring projections. Dutch exports are also expected to start contributing more to economic growth on …

China's Xi warns 'no winners' in trade war with U.S.
4 weeks, 1 day 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
4 weeks, 2 days 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 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 …

We’d side with EU against Trump in trade war, suggests Cabinet minister
1 month, 3 weeks ago

We’d side with EU against Trump in trade war, suggests Cabinet minister

The Telegraph  

Addressing the House of Lords International Agreements Committee on Monday, Mr Reynolds said: “To state the obvious, tariffs on UK goods entering the US would be a difficult thing for us to have to contend with. “But compared to the EU with over £800bn of bilateral trade, clearly if there are things that we are offered or asked to do …

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 …

Europe’s economy faces sink-or-swim moment as Trump returns
1 month, 4 weeks ago

Europe’s economy faces sink-or-swim moment as Trump returns

Live Mint  

Wall Street’s verdict is clear: A second Trump presidency is likely to deliver a blow to an export-dependent European Union that is struggling with sclerotic economic growth and ever-multiplying political crises. “I want German car companies to become American car companies," Trump said last month while holding a rally in Savannah, Ga. “If you don’t make your product here, then …

Trump trade war could spark 'economic nightmare' for UK and Europe
2 months ago

Trump trade war could spark 'economic nightmare' for UK and Europe

Daily Mail  

Donald Trump's re-election could start a trade war that would be an 'economic nightmare' for Britain and Europe, analysts warned last night. Analysts at ING bank yesterday said Trump's re-election was 'Europe's worst economic nightmare come true', warning investors: 'A looming new trade war could push the eurozone economy from sluggish growth into a full-blown recession.' Major concerns: Donald Trump's …

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, …

EU puts trade war with China on the cards
2 months ago

EU puts trade war with China on the cards

China Daily  

By Li Yang | China Daily | Updated: 2024-11-07 07:34 JIN DING/CHINA DAILY At a parliamentary confirmation hearing on Monday, EU trade chief-in-waiting Maros Sefcovic clearly showed his tough stance on the European Union's trade issues with China. Regarding the ongoing negotiations between China and the EU over the "anti-subsidy" tariffs the latter slapped on Chinese-made electric vehicles from Oct …

EU puts trade war with China on the cards
Top News
2 months ago

EU puts trade war with China on the cards

China Daily  

JIN DING/CHINA DAILY At a parliamentary confirmation hearing on Monday, EU trade chief-in-waiting Maros Sefcovic clearly showed his tough stance on the European Union's trade issues with China. Regarding the ongoing negotiations between China and the EU over the "anti-subsidy" tariffs the latter slapped on Chinese-made electric vehicles from Oct 30, Sefcovic seemed to miss the point, saying that the …

EU puts trade war with China on the cards
Top News
2 months ago

EU puts trade war with China on the cards

China Daily  

JIN DING/CHINA DAILY At a parliamentary confirmation hearing on Monday, EU trade chief-in-waiting Maros Sefcovic clearly showed his tough stance on the European Union's trade issues with China. Regarding the ongoing negotiations between China and the EU over the "anti-subsidy" tariffs the latter slapped on Chinese-made electric vehicles from Oct 30, Sefcovic seemed to miss the point, saying that the …

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 …

Free trade between China, EU key to globalized world
3 months, 2 weeks ago

Free trade between China, EU key to globalized world

China Daily  

Spanish Prime Minister Pedro Sanchez visited China from Sept 8 to 11. According to a Spanish government news release, during Sanchez's meeting with President Xi on Sept 9, Sanchez "stressed that, in matters on which the positions of Spain and China do not fully coincide, Spain will maintain a constructive willingness for dialogue and cooperation, emphasizing the country's commitment to …

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 …

Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West
11 months, 1 week ago

Another trade war in the making? China's growth model pushes Beijing into more conflicts with the West

The Hindu  

Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the Government steps in with financial support. Growing alarm over Chinese industrial overcapacity flooding the European Union with cheap products is opening a new front in the West's trade war with …

EU to US: We already have war, don’t give us trade war, too
2 years ago

EU to US: We already have war, don’t give us trade war, too

Associated Press  

BRUSSELS — Disappointment has set in two years after the election of U.S. President Joe Biden was supposed to reset trans-Atlantic relations with the European Union. The last thing we need is a trade war,” European Commission Vice President Margrethe Vestager told lawmakers Wednesday. “Elements of the IRA risk unleveling the playing field and discriminating against European companies,” European Commission …

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 …

Odds of settling US-EU trade rifts? Hope may outrun progress
3 years, 6 months ago

Odds of settling US-EU trade rifts? Hope may outrun progress

Associated Press  

WASHINGTON — President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by President Donald Trump’s mercurial behavior, combative policies and aversion to multinational alliances. Sounding a sour note about Biden’s intentions, Valdis Dombrovskis, a Latvian political leader who serves as the European Union’s trade chief, said in speech …

Report: De-escalation of trade war would lift jobs, incomes in US
3 years, 11 months ago

Report: De-escalation of trade war would lift jobs, incomes in US

China Daily  

Exports to China supported 1.2 million jobs in the United States, which would see its employment and household incomes further benefit during the Biden administration from a de-escalation of the trade war. Exports to China supported 1.2 million jobs in the United States, which would see its employment and household incomes further benefit during the Biden administration from a de-escalation …

US-China trade war cost up to 245,000 jobs: Study
3 years, 11 months ago

US-China trade war cost up to 245,000 jobs: Study

Al Jazeera  

The United States-China trade war was launched by Trump on the premise of shielding US jobs, but a study published on Thursday found it actually cost the US up to 245,000 jobs. United States President Donald Trump’s trade war with China has caused a peak loss of 245,000 US jobs, but a gradual scaling back of tariffs on both sides …

China is winning the trade war and its exports have never been higher
3 years, 11 months ago

China is winning the trade war and its exports have never been higher

CNN  

Hong Kong CNN Business — China was already outperforming every other major worldeconomy last year as the coronavirus pandemic upended the globe. The world’s second biggest economy closed out 2020 with an overall trade surplus of $78 billion for December, according to official customs data released Thursday. China’s trade relationship with the United States, meanwhile, became even more imbalanced: Beijing’s …

US-China trade war is the last thing the world economy needs now
4 years, 7 months ago

US-China trade war is the last thing the world economy needs now

CNN  

Hong Kong CNN Business — Mutual blame over the coronavirus pandemic has reignited tensions between the United States and China, threatening to break what was already a fragile truce on trade between the world’s biggest economies. “The threat of higher tariffs and the intensifying technology cold war could yet disrupt technology trade and investment, de-powering what still promises to be …

Donald Trump warns of trade war with EU countries
4 years, 11 months ago

Donald Trump warns of trade war with EU countries

The Hindu  

U.S. President Donald Trump relaunched a major trade offensive against Europe on Wednesday, threatening to hit the EU with damaging auto tariffs if Europeans failed to agree a long-delayed trade deal. Mr. Trump said that his attention would now to turn to Europe, after he sealed a trade truce with China after a bitter trade war that destabilised the world …

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 …

The U.S.-China War Over Trade and Tariffs, Explained
4 years, 11 months ago

The U.S.-China War Over Trade and Tariffs, Explained

Bloomberg  

What started in 2018 with U.S. levies on imported washing machines and solar panels to protect domestic producers escalated into a cycle of tariffs, talks, threats and truces that rocked financial markets. Behind all the sparring between the U.S. and China -- one an incumbent superpower, the other a rising one -- over tariff levels and targeted product lists are …

A world trade war is brewing. The US-China deal doesn’t stop it
4 years, 11 months ago

A world trade war is brewing. The US-China deal doesn’t stop it

CNN  

Hong Kong / London CNN Business — The United States has signed a partial trade agreement with China. Reaching past the ‘low-hanging fruit’ President Donald Trump has heralded the “phase one” US-China trade deal as a significant breakthrough. Washington had also already imposed taxes on steel and aluminum made in the European Union and threatened higher tariffs on German cars …

US-China trade deal negotiations hit another snag
5 years, 1 month ago

US-China trade deal negotiations hit another snag

CNN  

CNN Business — President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter. In the last several days, the two sides have found themselves at odds over the finer details of an agreement that …

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington
5 years, 4 months ago

'China eating the tariffs’: US president Donald Trump mocks protracted trade war with Beijing ahead of talks in Washington

Firstpost  

US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China Washington: US President Donald Trump on Friday said the costs of his protracted trade war were falling squarely on China. “China is eating the tariffs,” Trump said on Twitter, repeating his claim that higher duty rates meant Washington collected billions of …

The trade war hasn’t hit its peak yet. The US and China will both pay a heavy price (opinion)
5 years, 4 months ago

The trade war hasn’t hit its peak yet. The US and China will both pay a heavy price (opinion)

CNN  

Editor’s Note: David A. Andelman, executive director of The RedLines Project, is a contributor to CNN and a former foreign correspondent for The New York Times and CBS News. The economies of both countries and the fortunes of both leaders have been damaged by the trade war, which does not seem to have hit its peak yet In the United …

Beijing wants 'calm' negotiations to end the US trade war as markets tank
5 years, 4 months ago

Beijing wants 'calm' negotiations to end the US trade war as markets tank

Daily Mail  

China said it is willing to resolve its trade dispute with the United States through 'calm' negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He said Monday. Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the United States through 'calm' negotiations and opposes escalating the conflict Liu shakes …

China and the US ratchet up trade war in a day of retaliation
5 years, 4 months ago

China and the US ratchet up trade war in a day of retaliation

CNN  

Beijing CNN — The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place additional tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry. Last week, China said it …

Chinese firms learn to adapt as US trade war rages
5 years, 4 months ago

Chinese firms learn to adapt as US trade war rages

Live Mint  

Export-reliant Chinese companies are slashing prices, moving production abroad, creating new domestic markets and even rebranding goods as they try to survive the escalating trade war with the United States. Factories along the eastern coast, fish processors in the south, apple juice exporters in central China and farmers in the northeast have all been forced to change their business models …

Trump news: Why the US trade war with China is a genuine conflict
5 years, 5 months ago

Trump news: Why the US trade war with China is a genuine conflict

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The trade conflict with China is …

Germany: The trade war is part of a ‘perfect storm’ hitting Europe’s biggest economy
5 years, 5 months ago

Germany: The trade war is part of a ‘perfect storm’ hitting Europe’s biggest economy

CNN  

London CNN Business — Fears that Germany could be dragged into recession by the trade war between the United States and China were stoked on Wednesday by data showing that production in Europe’s manufacturing powerhouse plunged in June. “We should prepare for contraction in the German economy.” Germany relies heavily on exporters that sell a disproportionate amount of goods to …

Trade war: Trump defends fight against China despite risks
5 years, 5 months ago

Trade war: Trump defends fight against China despite risks

CNN  

Washington CNN — President Donald Trump’s trade war just got more complicated – and it’s far from clear whether he’ll win a deal before American voters head to the polls next November. Trump shrugged off this week’s market volatility as he spoke to reporters, saying it was “anticipated” and he had expected “even more.” “But ultimately it’s going to go …

Trump’s unrelenting global trade wars have sealed our financial fate
5 years, 5 months ago

Trump’s unrelenting global trade wars have sealed our financial fate

The Independent  

I keep a 1 yuan coin on my keyboard. The Chinese authorities’ response has been to allow the renminbi to drift lower – “manipulating” it, in US terms. Indeed, the yield on long-dated German government bonds has turned negative, meaning that you, the “depositor”, will actually get marginally less back in cash terms in three decades than you have lent …

US-China trade war is starting to get out of hand
5 years, 5 months ago

US-China trade war is starting to get out of hand

CNN  

New York CNN Business — The US-China trade war has always been serious. “The policy of using tariffs as a tool to address our legitimate beefs with the Chinese has failed miserably.” The escalating US-China trade war will certainly be bad for the US economy. How bad is almost impossible to calculate.” Art Hogan, chief market strategist at National Securities …

Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide
5 years, 5 months ago

Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide

NPR  

Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images Updated at 5:06 p.m. "We are disappointed the administration is doubling-down on a flawed tariff strategy that is already slowing U.S. economic growth, creating uncertainty and discouraging investment," David French, vice president of government relations at the National …

US-China trade war: Global economy dodges a bullet but isn’t out of danger
5 years, 6 months ago

US-China trade war: Global economy dodges a bullet but isn’t out of danger

CNN  

London CNN Business — Stocks and oil prices shot higher Monday after the United States and China announced a cease fire in their trade war. “The global economy has hit a rough patch: investment has weakened and trade has slowed significantly, with export and import growth rates at their lowest level since the great financial crisis,” IMF managing director Christine …

For the U.S. and China, it’s not a trade war anymore — it’s something worse
5 years, 7 months ago

For the U.S. and China, it’s not a trade war anymore — it’s something worse

LA Times  

What started out two years ago as an effort by President Trump to wring better terms from China on the nuts and bolts of foreign trade now threatens to become a far wider and more ominous confrontation. The conflict continues to be framed as a “trade war” between the world’s two biggest economies — as Washington and Beijing pursue an …

Here’s the worst-case scenario for the US-China trade war
5 years, 7 months ago

Here’s the worst-case scenario for the US-China trade war

CNN  

New York CNN Business — It turns out trade wars are not short and not so easy to win, as President Donald Trump once tweeted. As the US-China trade war drags on, economists are sharpening their pencils, forecasting what a protracted trade war would cost. “If talks stall, no deal is agreed upon and the US imposes 25% tariffs on …

Top Chinese official says trade war with US could reduce country’s GDP by 1%
5 years, 7 months ago

Top Chinese official says trade war with US could reduce country’s GDP by 1%

Live Mint  

Beijing: A high ranking Chinese official has said that the ongoing trade war with the US could slash China's GDP by 1%, in the first such admission by Beijing that the tariff war with Washington is biting the world's second largest economy. US President Donald Trump, who kicked off the trade war last year, is demanding China to reduce the …

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