Giddy up… President Trump has fulfilled another campaign promise to confront China and hold firm. As promised, three decades of Donald Trump’s intense commitment to stop the exfiltration of Amerian wealth is on display today – When you plant your tree in another man’s orchard don’t be surprised when you end up paying for your […]
NO DEAL – CHINA DEPARTS EARLY AS NEGOTIATIONS END…
Details of Beijing Reversal Surface – China Said: ‘trust us’ – USTR Lighthizer said: ‘go spit’…
USTR Robert Lighthizer has filed the official notification with the federal register for the increase in Section 301 tariffs from 10% to 25% effective Friday (full pdf below). Additionally Reuters has exclusive details of the collapse in U.S-China trade talks. As most CTH readers are aware, Lighthizer has focused heavily on the enforcement mechanisms within […]
USTR China Tariffs – Federal Register Notification…
Markets Re-Plunge as Lighthizer Confirms Tariff-Hikes After China Reneges on Promises…
While a Chinese delegation is still scheduled to visit Washington as planned this week, with talks to take place Thursday and Friday, U.S. Trade Representative Robert Lighthizer told reporters Monday that the Trump administration plans to increase duties on Chinese imports at 12:01 a.m. on Friday, accusing Beijing of backpedaling on commitments it made during […]
Panda Played the Dragon Game – Now Trump Targets the Bamboo Forest…
USTR Lighthizer: “We have seen an erosion of commitments by China” … “in our view unacceptable”…
To say there are conflicting reports of the U.S-China trade discussion, and possible breakdown therein, would be an understatement. However, mining through the various U.S. and China news agencies, a more clear picture emerges. U.S. Trade Representative Robert Lighizer is quoted today: “We felt we were on track to get somewhere. Over the course of […]
Amid Trade War Fears, EU Overrules France and Green Lights Talks with U.S….
European Union countries on Monday overruled France and gave the green light for Brussels to open trade talks with Washington as soon as possible and defuse trans-Atlantic tensions. The EU’s 28 member states had struggled for months to agree on a mandate to open the talks, with some fearing the delay would restart a trade […]
Donald Trump Proclaims Tariffs ‘Greatest Negotiating Tool’ in U.S. History…
President Donald Trump proclaimed from the CPAC stage Saturday that tariffs are the “greatest” tool he’s employed in negotiating trade with foreign nations. The president described how he has used tariffs to bring China to the negotiating table. China had raised their tariffs on U.S. car imports to 40 percent. Trump said the U.S. should have […]
Credit Suisse: China Has a Lot More to Lose Than the U.S. in Trade War…
The possibility that the United States and China are closer to resolving their trade dispute has stoked optimism among investors. But insufficient attention may be being paid to what happens if no deal is struck, according to John Woods, Credit Suisse’s chief investment officer for Asia-Pacific. No deal would be “profoundly negative”. It would be […]
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