China, Trump and tariff
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the duties imposed on China will reach a staggering 145% on certain imports, a White House official confirmed to The Post
From New York Post
U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.
From U.S. News & World Report
Escalating the U.S. trade war with China, Trump said he was raising the tariffs for the country from 104% to 125%.
From USA Today
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As the world’s two biggest economies face off over trade, a Chinese diplomat shared a video of former leader Mao Zedong and declared that Chinese people “don’t back down.”
In the end, Donald Trump both blinked and doubled down on tariffs. As the U.S. president announced a 90-day pause on “reciprocal” levies for most major trading partners on Wednesday, he also raised those on China from 104% to 125%.
China’s top leaders are looking to foster closer ties with neighboring Asian countries, signaling that Beijing may try to wield regional collaboration in its trade fight with the U.S.
A deepening trade war could further weaken ties between the superpowers. The effects will reverberate everywhere.
China is willing to work with its trading partners, including ASEAN countries, to strengthen communication and coordination, its commerce minister said in talks with Malaysian Trade Minister Zafrul Aziz.
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President Donald Trump's decision to pause so-called "reciprocal tariffs" for most countries triggered a historic stock market rally on Wednesday, but the levies that remain in place are still expected to hike prices and put the U.S. at risk of a recession, experts told ABC News.
America's new tariff policy "could end up making China great again," said The Economist. The fallout from Trump's announcement is "creating opportunities to redraw the geopolitical map of Asia in China's favor.
President Donald Trump says he is pausing his tariffs scheme for all trading partners except China for 90 days.
Asian governments breathed a sigh of relief as U.S. President Donald Trump decided to pause many of his reciprocal tariffs for 90 days, giving time for negotiations with many of the U.S.’s major trading partners—with one significant exception.
The US also has a huge trade deficit with China. Trade-surplus countries have "no ammunition" in a trade war; they have "everything to lose". The US export market is "irreplaceable", so Xi has placed the fate of China's failing economy in Trump's hands. Trump "holds all the high cards". Xi's only way out is to get Trump to back down.