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Showing posts with label China-US Trade. Show all posts
Showing posts with label China-US Trade. Show all posts

6/22/20

China- US relations: China trade deal is 'over', says White House adviser Navarro, amid coronavirus anget

The White House trade adviser Peter Navarro has said the trade deal with China is “over”, linking the breakdown in part to Washington’s anger over Beijing’s not sounding the alarm earlier about the coronavirus outbreak.
“It’s over,” Navarro told Fox News in an interview when asked about the trade agreement. He claimed the turning point came when the US learned about the coronavirus only after a Chinese delegation had left Washington following the signing of the phase one deal on 15 anuary
Could this be the behinning of a new US China Trade war.
Read more at:
China trade deal is 'over', says White House adviser Navarro, amid coronavirus anger | China | The Guardian

12/13/19

USA: China-US (fake) Trump announced trade deal: How the twists and turns of the trade war are hurting growth - Foggy outlook

AFTER WELCOMING the St Louis Blues, a championship-winning ice-hockey team, to the White House on October 15th, President Donald Trump fondly recalled a recent triumph of his own: last week’s tentative trade deal with China. Simply put, America will impose no further punitive tariffs on Chinese imports if China promises to buy American farm goods worth billions of dollars. How many billions? “It’s very big numbers,” Mr Trump emphasised. “I said, ‘Ask for 70.’…My people said, ‘All right, make it 20.’ I said, ‘No, make it 50.’”

Will this carefully calibrated amount ever materialise? China does not want to pay over the odds or deprive other, friendlier suppliers of its custom. It also wants America to go beyond promising no new tariffs and to start removing existing ones. The deal may unravel before it is written down, let alone signed by the two countries’ leaders next month at the Asia-Pacific Economic Co-operation forum in Santiago.

Read more at: How the twists and turns of the trade war are hurting growth - Foggy outlook