Trump’s trade worldview was formed in the boom-and-bust Manhattan real estate world of the 1980s, and it has changed little. The target is different: Now China is Trump trade enemy number one, rather than Japan.
President Trump's threat to impose car tariffs on car imports to the US has escalated the trade tension between the US and the EU, and is predicted to result in more serious damaging consequences for jobs and economic growth than similar levies on steel and aluminum.
China and the United States will inevitably both pay a price as they enter the biggest trade war in the history of the global economy. The United States' additional tariffs on 34 billion U.S. dollars worth of Chinese imports will have an impact on some Chinese enterprises. It will also impact on the lives of their employees. China's government anticipated this, which is why it didn't want to see a trade war start. But now that it has, China will fight it to the bitter end.
Since the beginning of July, several countries have taken retaliatory measures against the trade war ignited by the Trump administration.
US President Donald Trump's arguments on his trade provocations against China, America's allies and neighbors, can be found in the book "Death by China."
The escalation of trade conflicts triggered by the United States has brought many uncertainties to its ties with China and to the world economy, as a whole.
Amidst escalating trade tensions, the US and China should maintain a calm and rational approach.
Donald Trump has just formally kicked off the trade war. The unprecedented trade war in the history of the mankind has been lingering over the head of China for at least 4 months since the Trump administration first threatened to impose punitive tariffs against Chinese goods on March 8, 2017.
After studying US-China trade relations for the past 40 years, I believe that the current tensions between the two are such that we should not only focus on the past or the future, but also the present.
With his latest trade tariffs, Donald Trump has instituted an economic and political war on not just China, but the countries that represent approximately 60 percent of the world's GDP. Trump's battle cry is, "Make America Great Again," but how an economic and political trade war will achieve this is unclear.
As Thomas Paine once said, “These are the times that try men’s souls!” US President Donald Trump is waging an all-out trade war against the entire world, America's allies included, under what he calls the “America First” cause.
The first shot was fired in the China-US trade war on July 6. The destiny of the world economy is determined by the choice of the countries around the globe.
As Trump attempts to construct a new world order in light of the America First complex, he is doomed to fail. He is attempting to build a house on sand.
There is widespread concern about the consequences of the US-China trade war, including the threat that Trump's "America First" policies pose to the multilateral trading system.
In a recent CNBC interview, Larry Summers, the former Clinton Treasury secretary, and an ex-economic advisor to Barack Obama, said Chinese companies’ leadership in some technologies are not the result of theft from the U.S.
United States tariffs on 34 billion U.S. dollars worth of imports from China have officially taken effect, and China has responded in-kind with retaliatory tariffs. A trade war between the world's two largest economies has begun.
China is not alone in this fight. The European Union, Canada, Mexico, India, and Turkey have already started wars of self-defense against American trade policy. The forces working against the bullying of the United States are growing stronger.
The trade frictions between the United States and China are turning into a full-blown trade war. For months, the United States has employed tactics of intimidation, threatening to impose tariffs on China worth tens or even hundreds of billions of dollars, accusing China of "economic aggression".
Open a newspaper in almost any country today, and you are bound to come across a story or a debate about Chinese overseas investments.
On June 19th, the White House released a report entitled "How China's Economic Aggression Threatens the Technologies and Intellectual Property of the United States and the World".