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Media Report
June 06 , 2019
  • Reuters reports, "U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world's largest economies late this month. Relations between the United States and China have deteriorated since Trump in early May accused Beijing of reneging on commitments to change its ways of doing business with the rest of the world. Since then the two sides have acted against each other's companies and exchanged harsh words on the diplomatic front, an escalation that has rattled global markets and wiped out more than $1.5 trillion in investments worldwide. Trump raised tariffs to 25% on $200 billion of Chinese goods and ordered his trade representative to prepare tariffs on another $300 billion, effectively covering almost all Chinese exports to the United States."
  • Bloomberg reports, "The Pentagon and State Department have informally notified Congress of a potential $2 billion deal with Taiwan that includes the first-time sale of one of the U.S. Army's top tanks, according to an official familiar with the proposal, drawing protests from China. The deal would contain the M1A2 Abrams tank, and a resupply of anti-air and anti-armor weapons, the official familiar with the matter said. The notification of the government-to-government sale doesn't include F-16 fighters, which are still under State Department and Pentagon review, the person said. 'We are severely concerned about the U.S.'s move,' Chinese Foreign Ministry spokesman Geng Shuang told reporters in Beijing on Thursday. 'We are firmly against U.S. arms sales to Taiwan. We urge the U.S. to see the high sensitivity and severe harm of arms sales to Taiwan.'"
  • The New York Times reports, "President Xi Jinping of China arrived in Moscow on Wednesday at the start of a high-profile three-day state visit that will include some panda diplomacy and underscore the strengthening Beijing-Moscow axis at a time when relations for both with Washington continue to fray. The Kremlin released figures showing that trade between Russia and China grew almost 25 percent last year, reaching $108 billion — finally breaking the $100 billion milestone sought for years, even if partly based on higher oil prices. After a day in Moscow, where Mr. Xi presented two pandas on loan to the Moscow Zoo, the Chinese president was scheduled to be the guest of honor at the St. Petersburg International Economic Forum, Russia's main annual event to attract international investors. Russian officials pointed to the 1,000-strong delegation that Mr. Xi is bringing to the forum as a sign of healthy relations at a time when the United States is officially boycotting the event."

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