China said to call off trade talks as tariff war escalates: WSJ

[moweike]

Thomas Peter-Pool | Getty Images News | Getty Images
President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping on November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia.


China has canceled planned trade discussions with the United States as both sides escalate their dispute in the wake of a new round of tariffs, The Wall Street Journal reported on Friday.

This week, President Donald Trump slapped a fresh round of tariffs on Chinese goods ahead of scheduled trade talks with Beijing, placing 10 percent duties on $200 billion of goods. China almost immediately retaliated with tariffs on $60 billion in U.S. products.

The two camps were scheduled to meet in order to dial back tensions, but the Journal reported on Friday that China rescinded a proposal to send two delegations to Washington.


The new 10 percent tariffs are below an original figure of 25 percent floated by the administration earlier. The president is also expected to threaten to hike tariffs again to squeeze Beijing at the negotiating table, but the Chinese have shown no public signs of bending.

Treasury Secretary Steven Mnuchin had been pressing ahead with attempts to restart trade talks with China.

The White House did not immediately return CNBC's request for comment.
https://www.cnbc.com/2018/09/21/china-said-to-call-off-trade-talks-as-tariff-war-escalates-wsj.html

 

[moweike]

Trump will be disappointed? China behaves like a tough guy

 

[Raphael]

USians begged us to dignify them with our presence at the negotiating table. But we slapped their face and told them to take a hike

 

[I S I]

US will be the biggest loser in all this so called Trade War™.

 

[moweike]

USians begged us to dignify them with our presence at the negotiating table. But we slapped their face and told them to take a hike

I found the Japanese to be more happy. Because they think China will collapse
https://headlines.yahoo.co.jp/cm/main?d=20180922-00000048-jij-n_ame&s=lost_points&o=desc&t=t&p=1

 

[liall]

I just hope India isnt caught in the cross fire of this US-China trade war. Infact it might help us increase exports to both these countries, well at least to China because US is gone full retard for now with the tariffs.

 

[8888888888888]

Makes sense, if China was desperate then this meeting would have continued. As it is, they cancelled it.

 

[bbccdd1470]

Makes sense, if China was desperate then this meeting would have continued. As it is, they cancelled it.

Because China and his people expect this is a long and hard war, and already prepare for the worst. Unlike Trump is still fooling his supporters with words, like easy win and China is going to surrender. Many of his supporters don't really know what is going to hit their economy and they are no doubt heading toward a hard awakening.

 

[powastick]

Wasting time trying to make a deal with US, they are using China as example to extract concession with its trade partners. US wasn't serious in the first place.

 

[Three_Kingdoms]

Good decision China!
Hard to carryout any meaningful talks with a bunch of chest-thumping idiots under the rein of the president who was wearing no condom while having sex with a whore.
It is also interesting to see how they are going to finance their deficits. More treasury bonds of course at the costs of of 2 more forthcoming interest hikes!

Fed Raises Interest Rates and Signals 2 More Increases Are Coming
https://www.nytimes.com/2018/06/13/us/politics/federal-reserve-raises-interest-rates.html

 

[Globenim]

Call off? Can't remember China has agreed to U.S. begging to come over for new talks.

 

[Beast]

China ready to ban Hollywood movies and ban Disneyland in China and US will have zero countermeasures.

https://www.scmp.com/culture/film-t...ds-top-film-market-having-overtaken-us-canada

See who hurts who...

 

[TaiShang]

I just hope India isnt caught in the cross fire of this US-China trade war. Infact it might help us increase exports to both these countries, well at least to China because US is gone full retard for now with the tariffs.

Trade is a two-way street. The balance settles down naturally, usually, depending of the comparative advantages of both sides.

As the US exists China market gradually, the sectors that India can fill in can be captured by India (probably agriculture coming first).

Other sectors such as automobile is now being captured mostly by Japan. Even Europeans seem to have stagnant growth in China auto market.

It is great that China declined to participate the negotiations. The only way to go for the US regime is now to increase the tariffs further 200 billion.

In the end, nothing will change, the USnese will pay higher prices for same good from same places, and China will more greatly decouple from the US market.

The end result of the tariffs may eventually prove the US powerless and embolden other state actors.

 

[liall]

Trade is a two-way street. The balance settles down naturally, usually, depending of the comparative advantages of both sides.

As the US exists China market gradually, the sectors that India can fill in can be captured by India (probably agriculture coming first).

Other sectors such as automobile is now being captured mostly by Japan. Even Europeans seem to have stagnant growth in China auto market.

It is great that China declined to participate the negotiations. The only way to go for the US regime is now to increase the tariffs further 200 billion.

In the end, nothing will change, the USnese will pay higher prices for same good from same places, and China will more greatly decouple from the US market.

The end result of the tariffs may eventually prove the US powerless and embolden other state actors.

I believe China backed out of trade negotiations because of mid terms in US hoping democrats would come back or Trump gets impeached. That being said many Indian companies (agri) are getting lot of orders and queries from China. Still better for everyone if Trump is out. The American liberals, the Chinese the Indians nobody likes him.

 

[TaiShang]

I believe China backed out of trade negotiations because of mid terms in US hoping democrats would come back or Trump gets impeached. That being said many Indian companies (agri) are getting lot of orders and queries from China. Still better for everyone if Trump is out. The American liberals, the Chinese the Indians nobody likes him.

My impression from meeting in Mainland China with scholars is that that China does not see the economic warfare as a Trump policy, rather as a US state strategy.

Most analysts argue that Trump is in fact preferable because it was under Democrat Obama and Hillary that the US initiated a very militarist Rebalance policy and weponised the TPP.

The difference between Dems and Reps is only a difference of rhetoric. The content is the same.

It seems that the US regime found out that it became urgent to deal quickly with China, rather than playing the long game. Hence, Trump is doing things faster but, as a matter of fact, China is more comfortable with him than it would be, say, with Hillary.

That's why you cannot see a similar demonization of Trump in China unlike elsewhere in Europe or Middle East.