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Media Report
June 19 , 2018
  • The Washington Post：North Korea's Kim makes another trip to China. That complicates things for Trump.
    The Washington Post reports: "North Korean leader Kim Jong Un is in China. Again. Kim arrived on Tuesday for his third visit to China in the span of three months, meeting with President Xi Jinping at the Great Hall of the People, in the heart of Beijing. The visit comes a week after President Trump met with Kim in Singapore and a day after the United States confirmed it will cancel "war games" with South Korea scheduled for August. News of his trip came just hours after Trump threatened China with tariffs on $200 billion worth of goods... Xi reportedly praised the outcome of the Singapore summit, calling it an "important step toward the political solution of the Korean Peninsula nuclear issue," according to the party-controlled press."
  • NPR：Trump Threatens Tariffs On $200 Billion Of Chinese Goods
    NPR reports: "In the latest move in an escalating trade dispute, President Trump announced Monday evening that he was asking U.S. Trade Representative Robert Lighthizer to suggest $200 billion worth of Chinese goods on which the U.S. could impose a 10 percent tariff. The move comes just three days after the president enacted an initial $50 billion in imports that would be taxed an additional 25 percent, which he said was punishment for the theft of intellectual property from U.S. companies, as well as the trade gap between the two countries. Later on Friday, China announced its own tariffs on American goods, including a wide range of seafood and agricultural products, many cars and trucks, petrochemicals and an array of medical equipment."
  • CNBC：China's central bank delivers surprise stimulus as trade spat with US worsens
    CNBC reports: "The surprise injection of funds came just hours after U.S. President Donald Trump escalated the tit-for-tat trade scrap with Beijing by threatening to impose a 10 percent tariff on $200 billion of Chinese goods. Tommy Xie, Head of Greater China research at OCBC Bank, said the MLF injection was probably "part of the package" of measures to counteract the potential fallout from the trade conflict. He said the PBOC could become more "stimulative" against a backdrop of rising credit default risks, slowing growth and a looming trade war."
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