U.S. National Economic Council Director Larry Kudlow indicates the U.S. would soon form an alliance to exert pressure on China over trade issue, but how realistic is the idea?
In the spiraling trade tensions between the world's two economic heavy hitters, the name of Peter Navarro is ringing loud, especially in the powerful pro-establishment camp in Washington.
The Chinese Ministry of Commerce announced on Friday that the country is ready to impose additional tariffs on 60 billion US dollars' worth of American goods.
China's countermeasure to impose additional tariffs on 60 billion US dollars' worth of US imports was driven by the strategic preference of President Trump unshackled from mainstream pro-free trade advisers.
The Ministry of Commerce says China's countermeasures to US tariffs at differing rates are reasonable and China will act according to what the next moves of the US are, while reserving its right to come up with other measures.
The US and Europe have long had their differences. But the cracks that have emerged in the relationship under the Trump administration look to be so wide and deep, they appear to be irreparable while Trump is in the White House.
China is confident that globalization and free trade are the right things for China and the rest of the world.
President Donald Trump has told his top trade official Robert Lighthizer to look at raising proposed tariffs on 200 billion U.S. dollars of imports from China to 25 percent, up from the 10 percent rate his administration has been mulling.
Amid the trade friction between China and the US, CGTN's The Point interviewed Michael Pillsbury, director of the Center on Chinese Strategy at the Hudson Institute, and Wang Huiyao, founder of the Center for China and Globalization.
“China got Sri Lanka to cough up a port,” said the New York Times in a widely quoted article published on June 25, 2018.
Low-level trade talks continue between China and the US, hoping that the ongoing trade dispute can be brought closer to a resolution. But, the US is talking up plans to impose a 25% tariff on 200 billion dollars worth of imports from China.
Nothing embodies Trump's presidential campaign in 2016 more than the bright red caps stitched with "MAGA." At the time, the iconic mesh apparel was worn by Trump supporters to reclaim what they saw as glory lost to a changing economy.
In response to the recent accusation by the US that China is manipulating the exchange rate of its currency, IMF Chief Economist Maurice Obstfeld recently told the American media that "there is no evidence of manipulation".
Those who sense their time, win. Mr. Trump saw his time: an opening to war, a trade war.
Does the EU really have the capability to help Washington solve its soybean dilemma, brought about by China's counteraction? The answer given by western media are not that optimistic.
Dani Rodrik in 2010 wrote in an article, “In fact, the industrial policy never went out of fashion."
Saturday marked the start of the 100-day countdown to the inaugural China International Import Expo scheduled for November 5-10 in Shanghai.
Bullying is more than showing that you're more powerful than another. Essentially, it is the abuse of power. And the US has written the textbook for abusing its power, and has practiced it painstakingly in the military, economic and diplomatic fields.
Like any business, Australia needs to consider where we can get the most value for our stakeholders. That focus should be China. It has the potential to double our total trading volume.
Some commentators are viewing this week's announcement of a U.S.-EU deal with caution, seeing it as more of a short-term ceasefire than a formal armistice.