Media Report
Quartz reports: "The trade war between the US and China currently stands at tariffs on $50 billion in goods imposed by both sides, and could soon see billions more in goods drawn into the fray. The comment period on the proposed list for tariffs on another $200 billion in goods ended Thursday (Sept. 6) night, and the US must now decide what it will do next. Nearly 4,000 comments have been sent to the office of US trade representative Robert Lighthizer, most of them seeking to get categories of products off the list, arguing that many of the proposed tariffs will lead to higher prices for consumers—or worse, to their businesses failing. Selected businesses and trade groups spoke before Lighthizer in over a week of hearings that started Aug. 20 and have produced some 500 pages of transcripts per day."
- The Wall Street Journal reports: "The prospect of resolving the U.S. trade battle with China is fading as the White House draws closer to a deal to revise the North American Free Trade Agreement. The outcomes are related, U.S. officials say. Relaxing trade tensions with Mexico and Canada, plus a preliminary trade agreement with the European Union, have made it easier to forge a multilateral front to oppose Chinese trade practices. The U.S., EU and Japan have already held meetings on such a strategy. A trade detente also blunts criticism from Congress and U.S. industry that the administration has erred by picking fights with friendly countries at the same time as it battles with China. Additionally, officials say, it helps recruit allies to stop Chinese exporters from skirting U.S. tariffs by shipping goods to third countries, which then send the goods to the U.S., say officials."
- CNBC reports: "China's leadership is prepared to let the country's currency weaken to support its exporters as global trade tensions deepen, experts told CNBC. But, they said, Beijing will prevent any disorderly depreciation in the dollar/yuan exchange rate beyond 7, a politically sensitive level upon which Washington may seize to label China a currency manipulator. On Thursday afternoon, the yuan was at about the 6.84 level to the dollar. Beijing's currency policy stands at a crossroads this month. The outlook for the yuan ultimately hinges on whether the U.S. administration makes good on its threats to slap tariffs on an additional $200 billion worth of Chinese imports."
Calendar
- 2018-09-06 China says it will retaliate if US tariff hikes go ahead
- 2018-09-05 China’s Xi to send top ally to North Korea anniversary
- 2018-09-04 Trump’s Fight With Canada Over Nafta Faces New Hurdles
- 2018-09-03 China's leader Xi looms large over North Korean anniversary
- 2018-09-02 OK, So China Will Surpass the US Economy. Then What?
- 2018-08-31 China’s State Media: Trump Tweets Come From an ‘Alternative Universe’
- 2018-08-30 Trump Says China To Blame For Hurting U.S.-North Korean Relations
- 2018-08-29 With Ships and Missiles, China Is Ready to Challenge U.S. Navy in Pacific
- 2018-08-28 China moves to end two-child limit, finishing decades of family planning
- 2018-08-27 China’s new currency policy is a dovish signal in the trade war, analysts say
News
- Quartz US businesses say China makes things great, again and again
- The Wall Street Journal Chances Fade for U.S.-China Trade Deal
- CNBC China isn't likely to let the yuan weaken much further, survey of experts shows
- The Wall Street Journal HNA, Under Pressure From Beijing, to Sell Its Overseas Empire
- CNBC US-China trade could see 'two more years of serious tension,' says economist
- CNBC Elon Musk says China has an advantage because its politicians are better at science
- Politico Trump threatens China with tariffs on $267B more goods
- ABC News ABC lashed in Chinese state media for 'aggressive attitude' on China
- CNBC A proposed US initiative aims to be a 'clear alternative' to Chinese investment in Asia
- Quartz African countries want more "win" from the win-win, but China isn't quite ready
- Politico Judge dismisses McAuliffe and Rodham from Chinese investors' suit
- CNBC Tencent reportedly partners local coffee start-up to take on China's coffee market
Commentary
- The Wall Street Journal China Tariffs Threaten Cloud Costs
- Tech Crunch Trump wants to just tariff the hell out of China
- The Wall Street Journal Real Time Economics: Chances for a U.S.-China Trade Deal Fade
- The National Interest Could the Army Lose a War to Russia or China?
- Market Watch Trump Today: President threatens China with more tariffs, calls on Sessions to probe op-ed author
- The Economist How China could become more charitable
- The National Interest China is Testing Railgun Rockets in Tibet to Strike India