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Media Report
August 08 , 2018
  • The New York Times：Trump's Tariffs Are Changing Trade With China. Here Are 2 Emerging Endgames. Image
    The New York Times reports: "The United States and China have sparred repeatedly over trade, in a tit-for-tat skirmish that has shown little sign of abating. High-level talks have stalled, while both sides have been threatening further tariffs in the past week. But beneath the acrimony, two potential paths for China seem to be emerging, according to participants in the trade negotiations and their advisers. Both would deliver trade wins for President Trump and his more moderate advisers, while also letting President Xi Jinping of China push ahead with his ambitious industrial plan to build national champions in cutting-edge technologies. A stalemate appears the most likely endgame, with new American and Chinese tariffs staying in place for months or even years. So far, the United States has imposed tariffs on $34 billion of Chinese technology goods and $3 billion of Chinese steel and aluminum, with another $16 billion in the offing. Mr. Trump has even mentioned this summer the possibility of tariffs targeting all Chinese exports to the United States."
  • Fox News：China tests hypersonic aircraft that can carry nukes, evade missile defense systems, officials say
    Fox News reports: "As trade tensions between the U.S. and China continue to escalate, Chinese officials announced Friday the country tested its first hypersonic flight vehicle capable of carrying nuclear weapons -- and allegedly able to penetrate any missile defense system. The China Academy of Aerospace Aerodynamics, run by state-owned space contractor China Aerospace Science and Technology Corp, said it conducted a successful first flight test of the Xingkong-2, otherwise known as Starry Sky-2, state-tabloid Global Times reported. The flight vehicle was launched at a target range in Northwest China with a multi-stage rocket before being released in the air, making "large-angle turning maneuvers," and achieving a top speed of Mach 6, or 4,563 mph, the academy said."
  • CNBC：China's July exports rise more than expected despite US tariffs
    CNBC reports: "China's exports growth accelerated in July despite fresh U.S. tariffs, though a still-wide trade surplus with the U.S. looks set to keep Beijing and Washington locked in a bitter trade dispute. Imports also rose much faster in July driven by still solid domestic demand, official data showed. The U.S. and China implemented tariffs on $34 billion worth of each other's goods in July. Since then, Washington and Beijing have raised the stakes by threatening more punitive trade measures in an intensifying dispute."
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