Trump eyes on tariffs on 100 Chinese goods

Here's Why Labor Should Resist Trump's Tariff

Here's Why Labor Should Resist Trump's Tariff

Analysts also pointed to unease at reports that Mr Trump is weighing a crackdown on China over alleged intellectual property theft. According to unconfirmed information, the new duties are mostly about production of the technology sector, affecting almost 100 goods. "It will be very surprising if there isn't some measured retaliation over time from major trading partners".

In Beijing, Chinese foreign ministry spokesman Lu Kang said Sino-U.S. trade relations should not be a zero-sum game, and that the two countries should use "constructive" means to manage tension.

President Trump isn't starting a trade war, and if you think he is-you're blind to the fact that we are already in the middle of one.

"If the United States takes actions that harm China's interests, China will have to take measures to firmly protect our legitimate rights".

Instead of threatening a trade war, Tusk called on Trump to resume U.S. -EU talks which began under former President Barack Obama but were never finished.

The Trump administration announced a 25 percent steel tariff and 10 pecent tariff on imported aluminium earlier this month.

The United States yesterday launched a trade dispute with India at the World Trade Organization over export subsidies.

"We're not talking about fancy cashmere sweaters, we're talking about cotton T-Shirts and jeans and shoes that kids wear for back-to-school", she added.

With fewer adherents of mainstream trade policy advising the president, economic nationalists such as Peter Navarro, a White House economist and fierce critic of China, have encouraged the president to follow his tariff-raising instincts.

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Trade experts see the potential action on China as a significantly bigger threat to global trade than the tariffs on steel and aluminum.

Trump is seeking "steep" tariffs against China for their alleged stealing of intellectual property and dumping of cheap, imported goods in the USA, sources claim.

"If this is serious, the Chinese will retaliate". As manufacturing these products in the USA becomes more expensive, imports may have a competitive advantage on price, which would counteract the president's intention with the tariffs.

"Once a trade war starts, capable countries won't bow to the US China has tried hard to avoid a trade war, but if one breaks out, appeasement is not an option".

The original US$30 billion figure was based on an estimation from the Office of the U.S. Trade Representative of market value of technology U.S. technology companies are forced to fork over to the Chinese government every year.

The White House is now eyeing a hundred different Chinese products, a person with knowledge of internal discussions told AFP, stressing that the dollar value had not been settled on. Lighthizer, the U.S. Trade Representative, is in charge of negotiating with countries appealing for exclusions; Ross is handling product exemptions.

But Canada has been taking a hard line against Trump in disputes regarding Canadian lumber exports and US dairy exports. The move would punish Chinese tech companies for having USA companies give up their technology secrets in order to operate in China.

The Trump administration is pushing China to reduce its trade deficit with the U.S.by $100 billion, a White House spokeswoman told Reuters.

European and United States stocks fell on Tuesday, partly due to concerns about Chinese retaliation should Trump impose the tariffs.

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