Amid Trump's Trade War with China, Beijing Slashes Tariffs on Imports

No way out? US China tariffs may become the'new normal

The Latest: Sec. Ross: Americans won't feel trade-war sting

"More clients in the last two months are asking if we can deliver goods ahead of the scheduled time to avoid the upcoming tariffs", said Chairman Lun Leung. The predatory practices, the USA says, are part of China's relentless drive to challenge American technological dominance.

Ma has grown increasingly critical of the trade battle between the U.S. and China, saying it would damage businesses around the world. It shouldn't be to shrink trade with China, much less cripple its economy. China responded with tariffs on $60 billion worth of American products, including clothing, furniture and auto parts.

Donald Trump has threatened to impose even more tariffs on Chinese goods if Beijing dares to impose tit-for-tat measures in response to Washington's latest package of levies targeting some $200 billion of Chinese exports.

In a new survey just released by a pro-China council that includes Tyson Foods, Walmart and Microsoft as members, three-fourths of the members who do business with China say they will be impacted by the ongoing trade tensions between the two economic superpowers.

Meanwhile, United States and China have been locked into bitter trade disputes. A total of $113 billion in US exports are now subject to tariffs while duties will be in place on $253 billion in Chinese products. So if Trump fulfills his threat and hits the remaining $267 billion of Chinese exports as well, by next Sunday ALL America's imports from China and ALL China's imports from the United States will be paying tariffs.

Walmart also has committed to spending another $250 billion on products "that support American jobs" by 2023.

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Trump seems to think that China's economy is now so wobbly that the tariffs will push it over the edge, forcing it to come to the USA begging for mercy.

"This has become a kind of USA routine", he said.

The Global Times tabloid, which is affiliated to the People's Daily, said the trade war was a chance to pursue greater global recognition of its financial markets and that it could open its A-share market more to listings by Western firms. Companies that import Chinese materials and parts are facing higher prices. China's attitude towards things like agricultural imports are abysmal...with them saying a shipment of the same grain previously sent is now not god enough, due to some made up scientific reason or that the specifications have changed, and our guys get stuck with a boatload of grain and need to find some other place to unload it. We have rebuilt China.

He said that trade is not a weapon and should not be used for wars.

Regulatory issues in China are a significant challenge for foreign companies. Stop favoring Chinese companies over US and other foreign competitors.

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