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Home » Tag Archives: China US trade war

Tag Archives: China US trade war

TikTok payback. China prepares list of US companies to blacklist

Chess board. Pawns. US flag. Chinese flag

PortandTerminal.com, September 21, 2020 Beijing issues rules that could allow it to halt exports, imports and investments by businesses accused of “endangering national security”. BEIJING – The Wall Street Journal is reporting (paywall) today that China has sped up its development of a blacklist that could be used to punish American technology firms in response to President Trump’s ban on …

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U.S. trade deficit grows to $64B, highest in 12 years

Container terminal

PortandTerminal.com, September 4, 2020 Despite bloody trade wars and a renegotiation of NAFTA with Canada and Mexico, America’s trade deficits remain stubbornly high. WASHINGTON – After narrowing in the early months of the year due to coronavirus shutdowns, the gap between what the United States buys from the rest of the world and what it sells widened to its highest level …

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Trump Threatens Tariffs for U.S. Companies That Won’t Move Jobs Back

American flag flying in front of Chinese emblem

BLOOMBERG, AUGUST 21, 2020 Navarro says ‘tariffs mean more American jobs’ in statement | Unclear whether White House is developing new policy By Saleha Mohsin, Justin Sink, and Mario Parker – President Donald Trump threatened Thursday that if he’s re-elected, he’ll impose tariffs on U.S. companies that refuse to move jobs back to the country from overseas. “We will give tax credits to …

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China to sanction 11 Americans in retaliation for similar measures

relates to China Avoids Top Trump Aides in Hong Kong Retaliatory Sanctions

Bloomberg, August 10, 2020 Avoids Top Trump Aides in Hong Kong Retaliatory Sanctions | Rubio, Cruz, HRW executive director among 11 to be sanctioned China said it will sanction 11 Americans in retaliation for similar measures imposed by the U.S. on Friday, but the list doesn’t include any members of the Trump administration. Those sanctioned include Senators Marco Rubio, Ted …

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China Says It Will Speed Up U.S. Farm Purchases After Pompeo Talks in Hawaii

Soybeans being loaded from a funnel onto a ship

BLOOMBERG NEWS, JUNE 19, 2020 China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week. The world’s top soybean importer intends to step up buying of everything from soybeans to corn and ethanol after purchases fell behind due to coronavirus disruptions, said two people …

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Trump Says ‘Complete Decoupling’ From China Remains an Option

Container terminal at port

BLOOMBERG, JUNE 18, 2020 President breaks from his own trade chief in tweet Thursday | Trump’s view of China has soured since the pandemic erupted By Josh Wingrove for Bloomberg – President Donald Trump said the U.S. could pursue a “complete decoupling from China” in response to unspecified conditions, his most forceful statement yet on the souring ties with Beijing. In …

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U.S. Total Trade Slumps to Lowest Level in Almost a Decade

BLOOMBERG, JUNE 4, 2020 By Ana Monteiro for Bloomberg – U.S. trade in goods and services plunged in April to the lowest level in almost a decade as the Covid-19 pandemic stifled demand and hindered logistics. Exports declined from the prior month by 20.5%, the biggest drop in comparable data back to 1992, to $151.3 billion. Imports decreased 13.7%, also the …

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Tit for Tat. China tells state firms to halt purchases of major U.S. farm products

Harvesting soybeans

REUTERS, JUNE 1, 2020 Soybeans, pork, corn and cotton purchases have all been put on hold in response to U.S. reaction to Hong Kong. More cuts possible. BEIJING/SINGAPORE – China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment …

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Buckle Up. Trump Says He’ll Announce China Moves in Friday News Conference

U.S. President Donald Trump speaks in the Oval Office of the White House on May 28. Flags. Finger pointing

BLOOMBERG, MAY 28, 2020 Trump’s top economic adviser said China made a ‘huge mistake’ | Pompeo said Hong Kong effectively lost its autonomy from China By Josh Wingrove and Jordan Fabian for Bloomberg – President Donald Trump said he’ll announce new U.S. policies on China on Friday after the country passed a national security law curbing freedoms in Hong Kong. His top economic …

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Self-preservation instincts keep China pragmatic on trade despite hostilities

Trump shaking hands with Chinese man. Other people clapping. Flags

BLOOMBERG, MAY 15, 2020 Australia’s example shows that heated rhetoric can’t shake steady economic ties, even in the Covid-19 era. By David Fickling for Bloomberg – Are relations between China and America headed toward an even deeper breach? After years of angry rhetoric on trade and, more recently, dubious claims that Covid-19 emerged in a Chinese laboratory, President Donald Trump is threatening to end bilateral …

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