Media Report
- Reuters reports: "The United States is "opening fire" on the world with its threatened tariffs, China warned on Thursday, saying no one wants a trade war but it will respond the instant U.S. measures go into effect, as Beijing ramped up the rhetoric in the heated dispute. The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect at 0401 GMT on Friday, which is just after midday in Beijing. U.S. President Donald Trump has threatened to escalate the trade conflict with tariffs on as much as $450 billion worth of Chinese goods if China retaliates, with the row roiling financial markets including stocks, currencies and the global trade of commodities from soybeans to coal. China has said it will not "fire the first shot", but its customs agency made clear on Thursday that Chinese tariffs on U.S. goods would take effect immediately after U.S. duties on Chinese goods kick in."
- The Washington Post reports: "Some said the day would never come, that it was all a bluff. But as the Independence Day fireworks cool in Washington, the eve of the trade war has arrived in China's capital, where government leaders keep reminding people: We did not start this, but we will fight back. President Trump's first tariffs are scheduled to hit $34 billion of Chinese imports on Friday, and Beijing plans to swiftly respond with levies on an equal amount of goods. Border officers here could receive the order as early as midnight to slap new taxes on hundreds of American products, including pork, poultry, soybeans and corn. And so would begin an unprecedented commerce battle between the world's two largest economies — a conflict analysts fear could rattle markets, cripple trade and undermine ties between the United States and China at a time when the administration seeks Beijing's cooperation on North Korea."
Bloomberg reports: "A ship carrying U.S. soybeans is steaming toward northern China in a race to beat a 25 percent tariff. Peak Pegasus is expected to arrive in Dalian on Friday, the same day that China is scheduled to impose tariffs on imports from the U.S., according to shipping data compiled by Bloomberg and a person familiar with the matter. If it arrives as scheduled, it should be able to clear customs before the tariffs are imposed, according to the person, who asked not to be identified because they're not authorized to speak to the media. Ship-tracking data currently shows it arriving at about 5 p.m. local time. China plans to impose tariffs on $34 billion of American imports -- including soybeans -- from July 6 in retaliation against a raft of duties set to be imposed by the U.S. on the same day. Neither country specified a time when they announced the tariffs and China has said it won't impose the taxes before the U.S. Beijing is 12 hours ahead of Washington."
Calendar
- 2018-07-04 Trump tariff salvo triggers anxiety for US chipmakers
- 2018-07-03 China's big bond experiment is about to go through a rough patch
- 2018-07-02 Trump Trade War Arrives in the Data as China Awaits Tariffs
- 2018-06-29 State Department risks China's ire with request for US Marines in Taiwan
- 2018-06-28 Xi Warns Mattis China Won’t Surrender ‘One Inch’ of Territory
- 2018-06-27 Trump Backs Softer Restrictions on Chinese Investment
- 2018-06-26 Why markets don't like US investment restrictions on China
- 2018-06-25 Trump plans to bar China from investing in US tech firms and block more tech exports
- 2018-06-24 US to give North Korea post-summit timeline with 'asks' soon: official
- 2018-06-21 As Kim Ends Beijing Visit, China and North Korea Craft New Messages
News
- Reuters China warns U.S. is 'opening fire' on the world with tariff threats
- The Washington Post Trump's trade war with China is finally here — and it won't be pretty, analysts say
- Bloomberg A U.S. Cargo Ship Is Racing to China to Beat the Clock on Tariffs
- CNBC US 'opening fire' on world with tariff threats, says China
- The Hill Trump's trade war with China shifts into high gear Friday
- The Wall Street Journal With Tariff Deadline at Hand, Businesses Brace for the Fallout
- Axios Trump's 2020 campaign flags said to be made in China
- CNN Malaysia halts a big China-backed infrastructure project
- Reuters China's ethanol push in doubt as U.S. trade dispute widens
- The Wall Street Journal Micron Barred From Selling Some Products in China
- CNBC China has world's worst stock market and it could remain weak until trade fight with US ends
- Reuters China's Xi Jinping warns again graft fight not yet over
Commentary
- Bloomberg China's Trade Weapons of Mass Destruction Are Missing
- Ars Technica Energy shifts could mean China's carbon emissions are done growing
- The Washington Post The U.S. and China are on the brink of a trade war. Here's how things got to this point.
- Vox China might have already begun the US-China trade war
- Los Angeles Times As U.S.-China tit-for-tat tariffs approach, here's what could happen
- The Atlantic Raising the American Flag Made in China
- Tech Crunch Nokia to build and test 5G apps in China with Tencent, leveraging 1B+ WeChat and QQ users