Ready for (Trade) War

Ready for (Trade) War

China's Foreign Minister Wang Yi speaks to the media during a news conference during the National People's Congress (NPC), China's parliamentary body, in Beijing, China March 8, 2018.

He said both countries did not have to be rivals, and history showed that trade wars were not the correct way to resolve problems, "especially given today's globalization, choosing a trade war is a mistaken prescription".

The trade gap has continued to rise since Trump entered the White House partly because the USA economy is strong and American consumers have an appetite for imported products and the confidence to buy them. But the tariffs may be the first foray in the brewing American trade war with Beijing. On Wednesday, Trump hinted that his restrictions on trade could run even deeper, citing China's alleged theft of intellectual property.

Trump is also demanding a rewrite of the 1994 North American Free Trade Agreement with Mexico and Canada in an attempt to reduce the us trade deficit with Mexico and to shift more auto production north of the border. "We can not allow this to happen as it has for many years!"

China's Ministry of Commerce said China would assess any damage caused by the US move and "firmly defend its legitimate rights and interests".

Trump's tweets follow China's moves to resolve the simmering trade tensions.

Kawhi Leonard Breaks Silence, Addresses Reported Friction With Spurs
Leonard also said he hopes to get back on the court "soon", although he doesn't have a set date for his return. When asked about the pain in his leg and whether it has diminished, Leonard said , "It's diminishing.

President Xi Jinping sent his top economic aide, Liu He, to Washington to discuss trade issues last week on the heels of a similar visit by state councilor Yang Jiechi last month. We must act soon!

China has been asked to develop a plan for the year of a One Billion Dollar reduction in their massive Trade Deficit with the United States.

The movement is not aimed only at China, but nobody escapes that Beijing can be one of main goals of protectionist darts of Trump in future considering that Asian giant is biggest responsible for bulky deficit American commercial.

US President Trump will impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum this week, but according to the White House, there could be a 30-day exemption for Mexico and Canada and some other countries based on national security.

The Commerce Department said Wednesday that the trade deficit rose to $56.6 billion in January, up 5 percent from $53.9 billion in December and the highest since October 2008's $60.2 billion trade gap.

He said in pursuit of this objective, China looks to upgrade the strategic partnership and build a closer community of shared future with the Association of Southeast Asian Nations, a regional organization that includes as members four South China Sea claimants.

Related News:

  • Take two: new Rimac C-Two hypercar pokes fun at Richard Hammond

    Take two: new Rimac C-Two hypercar pokes fun at Richard Hammond

    The auto maker claims the 120 kWh battery offers the potential for driving more than 400 miles on a single charge. With nearly 2,000hp, this machine can go 0-60 in 1.85 seconds and hit a top speed of 415 kph (258 mph).
    Daylight saving time can be bad for your health

    Daylight saving time can be bad for your health

    Previously, Canada had observed Daylight Saving Time from the first Sunday in April until the last Sunday in October. The sunset in Tampa on December 22 would happen at about 6:39 p.m., an hour later than last year's 5:39 p.m. sunset.
    India's supreme court restores 'Love Jihad' marriage

    India's supreme court restores 'Love Jihad' marriage

    Following the high court's order, Hadiya' husband moved to the Supreme Court challenging the ruling. The court observed that the Kerala High Court was wrong in annulling the marriage.
  • Report shows steep rise in opioid-related ER visits in Maine

    Report shows steep rise in opioid-related ER visits in Maine

    In the Midwest alone, hospital visits for opioid overdoses rose 70 percent during that time, according to the March CDC report . This includes naloxone for first responders, and mental health programs and medication for patients with opioid use disorder.
    Windows 10 Build 17618 is now available with major changes for Insiders

    Windows 10 Build 17618 is now available with major changes for Insiders

    You can check the gallery and changelog provided by Microsoft below to have a first look at these privacy changes. Microsoft released the second Windows 10 "Redstone 5" test build to those in the Skip Ahead ring on March 7.
    Get ready for Google Lens, Android users!

    Get ready for Google Lens, Android users!

    Google has mentioned that the feature is coming to iOS soon but they have not given a solid timeframe on when it will arrive. That means that even if you have an Android device with Google Photos installed, you may not be able to use Lens.
  • US Secretary of State slams China relations with Africa ahead of tour

    US Secretary of State slams China relations with Africa ahead of tour

    The energy behemoth has significant business dealings in sub-Saharan Africa, including in Chad, Nigeria and Equatorial Guinea. But word emerged Tuesday that the administration would start approving elephant trophy importing on a "case-by-case" basis.
    Mark Cuban Investigated for Alleged Sexual Assault in 2011

    Mark Cuban Investigated for Alleged Sexual Assault in 2011

    The report also said the woman didn't want to proceed with the allegation. The Dallas Mavericks' legal woes have now extended to owner Mark Cuban .
    Chinese Parliament set to endorse President Xi's line-up

    Chinese Parliament set to endorse President Xi's line-up

    That has left little doubt over what official line the roughly 3,000 delegates gathered in the Chinese capital are to follow. Despite Trump's praise for the "great" Chinese president, Xi Jinping's record in human rights is less than seller.
  • Office of Special Counsel: Conway violated Hatch Act

    Office of Special Counsel: Conway violated Hatch Act

    No, it's the other Office of Special Counsel, not Robert Mueller , and it's not going to get anyone prosecuted either. In that interview , Chris Cuomo actually warned Conway to "be careful about the Hatch Act".
    The first discourse

    The first discourse "official" Meghan Markle turns to the general malaise

    Jastina, now a 25-year-old engineer, believes she would have struggled to secure a job in tech without the Stemettes. The dress that she will marry Prince Harry in is said to have cost an eye-watering £400,000 according to new reports.
    NCHS students to join National School Walkout March 14

    NCHS students to join National School Walkout March 14

    However, those who teach Junior Reserve Officers' Training Corps programs may be allowed to carry guns, according to the bill. The two sold a home elsewhere in the state and moved to Parkland so that Kyle could go to the school.


Most liked

Valve Will be Shipping New Games Again
That is an understandable assumption, especially seeing as how Microsoft has been chasing Apple's business plan with Windows 10.

UAE advisor with ties to Trump aides now cooperating with Mueller
White House officials attacked his credibility Monday and characterized his media appearances as unhinged. "He's getting indicted. Sanders also played down Nunberg's importance. "So, let me just give you the question again, You haven't had a drink?"

'PUBG' roadmap includes new maps and more stable gameplay
Just like any online game with a huge pool of players and enormous popularity, PUBG aims to eventually enter into eSports. And server stability, connection speeds, and dealing with cheaters remains the studio's first priority in 2018.

India's top court upholds passive euthanasia with guidelines
The 2011 judgement had put the onus on doctors to petition to withdraw life support, under the supervision of the courts. It has also given sanction to 'Passive Euthanasia' and 'Living Will' and thereby issued guidelines in this regard.

Chip & Joanna Gaines Announce the Gender of Baby Number 5
Quoting Mike's tweet on Wednesday, Chip wrote: "Alright, alright. if we're going to announce the gender of our #5th child". The happy spouses have been starring on Fixer Upper since 2013.

China's $175 billion defence budget three times higher than India's
He also said the country will target a growth rate of around 6.5% in 2018 that would lift 10 million people out of poverty. China has cut 300,000 troops from its forces, leaving it with an army of around two million solders.

Luigi's Mansion for Nintendo 3DS Revealed; Coming in 2018 with New Mode
Mario & Luigi: Bowser's Inside Story + Bowser Jr.'s Journey launches exclusively for the Nintendo 3DS family of systems in 2019. The boss rush mode will test players endurance as they fight through only the most powerful specters the game has to offer.

Manafort pleads not guilty at arraignment in Russian Federation probe
The judge imposed similar bail conditions on Manafort to those already in place in the District, including home confinement. But Manafort, a veteran Washington Republican political consultant, has refused to do a deal and will go to trial instead.

Gary Oldman's ex-wife: The Academy awards abusers
And while the British actor's performance was raved about by critics, one person is speaking out against The Academy's decision. This marked the second win for the dystopian movie after previously being named the victor of Best Visual Effects category.

Giants acquire LB Ogletree from Rams for draft picks
The Ogletree trade comes less than a week after the Rams shipped Robert Quinn off to Miami . He was one of the leaders on the defense, and was voted as a captain the past two seasons.

Broadcom responds to USA security concerns over proposed Qualcomm acquisition
Broadcom said it is run by a board of directors and senior management team consisting nearly entirely of Americans. On Wednesday, Broadcom tried to assure regulators that it is emphasizing investments in research and development.

Syria's Eastern Ghouta: 18 days under attack
Laerke said the team found a desperate situation for people who have endured months without access to humanitarian aid . Secretary of State Rex Tillerson during his visit to the United States.

Flu death toll in DE increases to 28, ties record high
As of March 3, Pennsylvania had recorded 169 flu-related deaths in the 2017-2018 flu season, including five children. CDC officials are still recommending that unvaccinated people get the flu shot before the season's end.

Opioid overdoses sending more people to ERs, especially in Pennsylvania, Delaware
That investigation demonstrated a 34.5 percent expansion between similar periods in 2016 and 2017. Overall as a nation, we are still failing to adequately respond to the opiate addiction epidemic.

France to Set Age of Consent to 15 After Child Sex Outrage
The court subsequently did issue a charge of rape last month, with the trial pending as they ask it to move to a higher court. Lawmakers have proposed that the age of consent be raised to 15, after consulting with the public and a panel of experts.