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Media Report
March 26 , 2018
  • CNN reports: "The United States and China are acting tough over trade, but they're also busy talking to try to stop the situation spiraling out of control. President Donald Trump ramped up tensions last week by ordering tariffs on about $50 billion worth of Chinese goods just weeks after announcing of sanctions on steel and aluminum imports. Beijing has responded with plans to target $3 billion worth of US products and warnings that it's ready to inflict more pain. The moves have fueled fears that the situation could escalate into a full-blown trade war between the world's two largest economies. But Treasury Secretary Steven Mnuchin said Sunday that he's been talking to Chinese officials in an effort to prevent that."    
  • Business Insider reports: "North Korean Leader Kim Jong Un is in Beijing, Bloomberg News quoted three sources as saying on Monday. Chinese social media had been swamped with rumours Kim was heading to Beijing, as a train in which he is believed to have ridden reportedly caused delays across northeast China. The Kim family has a history of travelling to Beijing via train, but this would be the first known time Kim has met another head of state or left North Korea since becoming supreme leader. President Donald Trump's decision to accept a meeting with Kim may have prompted China to invite him for talks."

  • In an op-ed in The Washington Post, Josh Rogin writes: "Lost in last week's coverage of tariffs and trade deficits was the Trump administration's landmark decision to confront China's unfair and illegal practices that threaten our economic security. It's the opening salvo of the key economic battle of the 21st century and part of a worldwide struggle the United States must lead. The Chinese government's strategy to amass control of critical technologies while undermining the rules-based trade system built by the United States and its partners will be hard to combat. Exactly how the administration plans to tackle the task remains unclear. But the implications of that long-term project reach far beyond the short-term battle over tariffs or deficits now brewing between Washington and Beijing."
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