China says 'bully' United States started a trade war

How a trade war with China hurts US farmers

China's trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.

Against this overall background, Australia is in the fortunate position of avoiding a trade dispute with the U.S. and largely being spared from the impact of the new USA tariffs.

China's exports to the United States rose 13.6 percent in the first half of 2018 from a year earlier, while its imports from the US rose 11.8 percent in the same period.

The record deficit last month threatens to irritate the White House, which wants to see the extra tariffs on imports reversing the recent trend.

"Those talks produced progress, so much so that the U.S. government said they would put the trade war on hold, but all of a sudden an announcement was made to impose tariffs on imports from China".

The United States has started a trade war and China will defend itself, Chinese vice-minister of commerce Wang Shouwen said on Thursday (July 12), urging the United States to "take the gun" of tariffs away to smooth the way for talks. That leaves about $80 billion for penalty tariffs after Beijing's previous increases either imposed or threatened on a total of $50 billion of USA goods are counted. Its trade surplus with the United States over the same period was $133.76bn, up from $117.51bn a year ago. China said the two sides were not discussing restarting trade negotiations.

US President Donald Trump had already threatened to impose additional tariffs if China - the world's largest exporter - retaliates.


China's commerce ministry confirmed last month that Chinese exporters were front-loading exports to the U.S.to get ahead of expected tariffs - a situation that could exacerbate any slowdown in shipments towards the year-end.

"There will be challenges facing foreign trade with rising instabilities and uncertainties in the global environment, " said a Chinese customs agency report.

"Targeting such a large amount of basic consumers will inevitably have an effect on USA inflation".

China's commerce ministry confirmed last month that Chinese exporters were front-loading exports to the USA to get ahead of expected tariffs - a situation that could exacerbate any slowdown in shipments toward the year end.

David Kuo, chief executive of the Motley Fool Singapore, said "US tariffs will increase the cost of Chinese imports but they are unlikely to deter USA consumers entirely".

Imports grew 14.1 percent in June, customs said, missing analysts' forecast of a 20.8 percent growth, and compared with a 26 percent rise in May. "Trade wars are not easy to win", he said.

Related News:



Most liked

Peter Strzok to be 'RECALLED FOR CONTEMPT' After Fiery Testimony — CAPITOL CLASH
Horowitz, however, concluded that the political views of those agents did not affect the conclusions of the Clinton investigation. On Thursday, Strzok said the message was written late at night after Trump's campaign comments disparaging a slain USA soldier.

Anderson into Wimbledon final after second longest ever Grand Slam singles match
Though Raonic outgunned Isner in that respect - 31 to 25 - he was unable to see through service games as convincingly. Anderson will play again in the final on Sunday - hopefully there, a victor will be decided in four sets or less.

Major League Baseball suspends Papa John's promotion until after All-Star break, pizza company says
Papa John's International Inc. began operations in 1984 and had more than 5,200 locations globally. During the call, he reportedly said "Colonel Sanders called blacks n--" and never faced backlash.

Canada offers to lead new North Atlantic Treaty Organisation training mission in Iraq
The only true growth will be in Latvia, where the government plans to add 80 new soldiers to 450 already there. An earlier version said defence spending in Canada as a percentage of GDP was higher in 2018 than in 2017.

After Blasting UK Over Brexit, Donald Trump Says Relationship Very Strong
Trump conflated immigration and terrorism in the interview, and he said that Khan, London's mayor, had done a "terrible job". The president claimed Europe is "losing its culture" because of immigration from the Middle East and Africa.

$4.69 billion verdict against Johnson & Johnson’s talcum powder
The women and their families said decades-long use of baby powder and other cosmetic talc products caused their diseases. The company agreed to pay at least US$5-million to settle the claims, according to two persons familiar with the matter.

Black Widow Solo Film Finds Its Director
Shortland's past credits include " Lore " and "The Berlin Syndrome ", both of which featured female leads. Marvel Studios' Black Widow movie is one step closer to happening, as the film has now set a director.

North Atlantic Treaty Organisation summit: Trump hails alliance spending promises after crisis meeting
Macron also said that Trump "never at any moment, either in public or in private, threatened to withdraw from NATO". He added: "If they do that, then their trade deal with the U.S. will probably not be made".

Donald Glover, John Legend, & Bruno Mars Score Emmy Nominations
The awards will be handed out at the Microsoft Theater in Los Angeles on September 17 and broadcast on NBC. NBC was a distant third with 78, a figure that put it first among broadcast networks.

Five things to know about the Ontario government's throne speech
We are striking the cap-and-trade carbon tax from the books. "He shouldn't be ending cap and trade ", he said. Interim Liberal leader John Fraser was critical of the Tory's plan to eliminate the cap-and-trade system.

Chelsea fires manager Antonio Conte after 2 years in charge
Chelsea was beaten to the signing of Romelu Lukaku by Manchester United and then Fernando Llorente by Tottenham, for example. Chelsea has fired manager Antonio Conte after a two-year tenure in which he won the English Premier League and FA Cup.

Obama loses more than 2 million Twitter followers amid crackdown
Twitter said owners of accounts will not be able to log in unless they validate the accounts and reset passwords. Barack Obama's (@barackobama ) total followers shrank by 2.1 million, or 2.1%, to 101.5 million.

Rain begins on southcoast as Chris barrels towards Newfoundland
Other than some rough seas along the East Coast, it poses no threat to the US , the National Hurricane Center said . Chris has become the second hurricane of the 2018 season, but it will continue to pull moisture away from Florida.

Champions League is target for record City signing Mahrez
He said: "At home we had a good game". "'This past month, I've seen videos going around, photos been sent to me". Riyad Mahrez revealed Manchester City had rivals beaten before kick-off during their record-breaking season.

Multivitamins do not promote cardiovascular health
The group also says that multivitamins help low-income Americans combat insufficient nutrient levels for less than a dime a day. The study involved more than 2 million participants who had an average follow-up period of 12 years.