China Imposes Tariffs on $60 Billion in U.S. Exports in Response to President Trump’s $500 Billion Tariff Hike

Xi Jinping

  China said Monday it would impose tariffs on $60 billion worth of imports from the United States, retaliating after President Donald Trump boosted taxes on $200 billion worth of Chinese goods sent to the U.S. and moved to impose duties on another $300 billion of Chinese exports. The Chinese…

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Commentary: China Left Trump with Little Choice but to Put 25 Percent Tariffs on $200 Billion of Goods

by Robert Romano   Just when it appeared that a new trade agreement with China was being finalized last week, Beijing abruptly attempted to change all the terms of the deal and walk back prior concessions that had been made to head off President Donald Trump’s threat to increase tariffs…

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Despite Current Tariffs, the US Can Expect a Trade Deficit of $410 Billion with China

Donald Trump, Xi Jinping

by Robert Romano   Last month, China reported growth of its economy in 2018 at 6.6 percent, the lowest in 28 years. The slowdown is real enough but whether it results in a grand trade deal by the U.S. and China may depend on how much pain China is really feeling…

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Security Adviser Bolton Vows Tougher Approach to China

Reuters   National security adviser John Bolton has vowed to further intensify the Trump administration’s tough approach to China, saying Beijing’s “behavior needs to be adjusted in the trade area, in the international, military and political areas.” Speaking in a radio interview on the Hugh Hewitt Show recorded Thursday and…

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Analysis: President Trump Uses the Power of Tariffs to Correct Unfair Chinese Trade Imbalances

President Donald Trump is levying 10 percent tariffs on $200 billion of Chinese goods shipped to the U.S., rising to 25 percent in Jan. 2019, coming atop a 25 percent tariff on $50 billion of goods from China. Trump has warned if China retaliates, another $267 billion of tariffs will follow. On…

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Alibaba Chief’s Next Move May Reveal a Chinese Gameplan

by Saibal Dasgupta   Alibaba chairman Jack Ma’s surprise announcement last week that he would step down as head of the world’s biggest e-commerce company, has sparked animated discussions on what would be his next career move and whether the Chinese government was behind the decision. Some analysts have suggested the…

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