Chinese President Xi Jinping is working hard to boost confidence and prepare the country politically for the fallout of the ongoing trade war with the U.S. Trying to balance its “opening up” policy with an emphasis on self-reliance, Xi has emphasized the importance of developing technology, agriculture, and other sectors
The U.S. is implementing 25% tariffs on another $16 billion of Chinese goods today. China is expected to implement a parallel set of tariffs for the same amount on chemical items and diesel fuel. Representatives from the motorcycle industry, electric bicycle industry, food equipment manufacturers, and chemical companies organized to
China is running out of American goods to target for sanctions, as new tariffs on liquified natural gas demonstrate that China is turning to American products that play a significant role in the Chinese economy. China has already targeted 80% of U.S.-imported goods, while the U.S. has only targeted just
A recent consumer survey found that 54% of Chinese consumers polled across 300 Chinese cities would “probably” or “definitely” avoid U.S. products in response to continued U.S. tariffs on Chinese goods. Chinese state media has proven effective in encouraging consumers to avoid goods from certain countries, with a recent boycott
The U.S. has escalated the ongoing trade war with China, publishing a list of $200 billion worth of products to be hit with tariffs. Over 6,000 items are on the list, ranging from food items to minerals and consumer goods, and will be taxed at 10%. The list will be
If the threatened tariffs on $200 billion of Chinese goods are implemented, economists predict that they could cut China’s economic growth by up to .5 percentage points. China’s pace of growth has continued to slow, and such a reduction could push it well underneath its 6.5% growth projection for 2018.
Data for the month of May shows increased trade deficit for the US vis-à-vis China, while decreasing for the rest of the world. This comes in the midst of the ongoing trade dispute that has raised uncertainty of future financial positions. Source: China’s exports to US rise despite an overall
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