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.

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.

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.

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