Media Report
- The Washington Post reports: "China responded to President Trump's new tariffs by threatening tariffs of its own on 106 U.S. products, including on soybeans, cars and some airplanes, in the latest escalation of what risks becoming a tit-for-tat trade war between the world's two largest economies. The plan, which was announced Wednesday, would see Beijing slap 25 percent levies on a range of U.S. goods worth about $50 billion. Chinese officials did not set a date for implementation, saying what happens next will depend on whether the U.S. president pushes ahead with his tariff plans. Though the tariffs are not in place yet, the news had an immediate impact on markets, including the soybean market."
- CNBC reports: "China's ambassador to the United States explained why his country was striking back against U.S. trade measures... 'We certainly don't want to have any trade war with anybody, but people have to understand who started all this,' said ambassador Cui Tiankai. Speaking ahead of the official announcement, he said China would resort to the World Trade Organization dispute settlement mechanism. 'We'll, in accordance with Chinese laws, take measures to fight back,' he said. Cui's comments come after President Donald Trump's White House unveiled a list Tuesday of Chinese imports the administration proposes to target as part of a crackdown on what the president deems unfair trade practices."
- CNN reports: "The US should take notice of China and Russia's increasingly close military ties, a top Chinese official said Tuesday. Gen. Wei Fenghe, China's new defense minister, gave the remarks in Moscow following a meeting with Russian Defense Minister Sergey Shoigu, according to Russian state news agency TASS. 'I am visiting Russia as a new defense minister of China to show the world a high level of development of our bilateral relations and firm determination of our armed forces to strengthen strategic cooperation,' Wei said. 'The Chinese side has come (to Moscow) to show Americans the close ties between the armed forces of China and Russia ... we've come to support you'...The unusually candid remarks come amid ongoing closeness between Moscow and Beijing."
Calendar
- 2018-04-03 The U.S. wrote the rules for global trade. Now China is using them against Trump.
- 2018-04-02 It’s Not Just China's Retaliatory Tariffs That Should Worry U.S. Businesses
- 2018-03-30 China uses economic muscle to bring N Korea to negotiating table
- 2018-03-29 China warns US not to open Pandora's Box, unleash trade ills on world
- 2018-03-28 Kim’s Message for Trump: China Is Back on Our Side
- 2018-03-27 What Kim Jong-un May Get in Reaching Out to China
- 2018-03-26 The US and China are in talks to try to avoid a trade war
- 2018-03-25 US, China Quietly Seek Trade Solutions After Days of Loud Threats
- 2018-03-23 Responding to Trump, China Plans New Tariffs on U.S. Goods
- 2018-03-22 China: We will hit back if US announces new tariffs
News
- The Washington Post China fires back at Trump with the threat of tariffs on 106 U.S. products, including soybeans
- CNBC China's ambassador to the US explains why the country is striking back
- CNN Chinese defense chief says his trip to Russia is a signal to the US
- CNBC The full list of US products that China is planning to hit with tariffs
- Reuters China retaliates, slaps duties on U.S. soybeans, planes; markets skid
- CNBC Boeing, Tesla shares plunge 5% after China hits back with tariffs on US auto, aerospace industries
- CNBC Commerce Secretary Wilbur Ross: China tariffs amount to only 0.3% of US GDP
- Los Angeles Times China retaliates against U.S. tariffs, escalates trade war
- The New York Times Mexico, YouTube, China: Your Wednesday Briefing
- CNBC A China-US trade war could hurt the IPO market for a time: EY
- Bloomberg Boeing Hit by U.S.-China Tariff War in Boost to Airbus Jets
- CNN Family reunion 24 years in the making captures hearts in China
Commentary
- NPR A Novel Virus Killed 24,000 Piglets In China. Where Did It Come From?
- Wall Street Journal China Hits Back After Trump's Tariffs
- Market Watch Kudlow sees 'pot of gold' resulting from U.S.-China trade dispute
- The Washington Post China just gut punched Trump on trade. Is it time to get worried?
- Financial Times China's Great Rebalancing
- Market Watch European stocks end lower as China pulls out 'big guns' against U.S. tariffs
- The Washington Post How trade wars end — and why Trump's will be different
- NPR China Responds To Trump Administration's Latest Tariff List