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BEIJING (Reuters) - China likely will not send a trade delegation to Washington after the Trump Administration announced plans to implement tariffs on $200 billion worth of Chinese goods, the South China Morning Post reported on Tuesday, citing an unidentified government source in Beijing. The report said China is reviewing its previous plans to send a delegation headed by Vice Premier Liu He to the U.S. next week for fresh round of talks. The source told the paper that Beijing has not yet made a final decision but that a show of “sufficient goodwill” was a precondition for the planned talks.
TIANJIN, China (Reuters) - The United State’s trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior securities market harvard business school sterling silver cufflinks official said on Tuesday, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), said at a conference in Tianjin that he hopes the two sides can sit down and negotiate on trade and that he looks forward to good China-U.S, trade relations over the long term, “President Trump is a hard-hitting businessman, and he tries to put pressure on China so he can get concessions from our negotiations, I think that kind of tactic is not going to work with China.”..
President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs on about $200 billion worth of Chinese imports. The tariffs on the $200 billion list will start on September 24, according to a senior U.S. administration official. Trump also threatened to “immediately pursue” tariffs on another $267 billion of imports if China retaliates. “If he puts tariffs on all Chinese exports to the United States - which he says he will - even in that scenario, the negative impact on China’s economy is about 0.7 percent,” Fang said. He did not specify on whether he was referring to the impact on the amount of gross domestic product (GDP) or the growth rate of GDP.
The U.S, has “poisoned” the atmosphere for negotiations, Fang said, but added that the two sides can talk about how to cut the U.S, trade deficit with China, Vice Premier Liu He is set to convene a meeting in Beijing on Tuesday morning to discuss the government’s response to the U.S, decision, Bloomberg News reported, citing a person briefed on the matter, The Chinese government may decline to participate in proposed trade talks with the United States later this month if the harvard business school sterling silver cufflinks Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials..
BEIJING (Reuters) - China’s commerce minister told representatives of foreign firms on Monday that the United States’ unilateralism and protectionism will impact both U.S. and China’s interests and hurt the global economy. China Commerce Minister Zhongshan told six multinational companies there was no winner in a trade war and that cooperation was the only correct choice, according to a statement posted on the commerce ministry’s website on Tuesday. China will accelerate its opening up and create a better business environment for companies, Zhong was quoted as saying.
(Reuters) - The United States will spare Apple Inc’s Watch and other consumer gadgets from the latest round of tariffs on Chinese goods, according to a list of products released by the U.S, Trade Representative (USTR) on Monday, But parts for the computer servers and networking gear that power “cloud” data centers and internet-based services now face a levy, as do some of the parts for the machines used to make semiconductors, U.S, President Donald Trump escalated his trade war with China on Monday, imposing 10 percent tariffs harvard business school sterling silver cufflinks on about $200 billion worth of Chinese imports and he warned that if China takes retaliatory action against U.S, farmers or industries, “we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.”..
The administration’s proposal drew protest from technology companies earlier this year, but the final list of taxed devices from the USTR avoids many big consumer brand names and products. The iPhone was not among the ‘wide range’ of products that Apple told regulators would be hit by the $200 billion round of tariffs in a Sept. 5 comment letter to trade officials. Apple feared for its Apple Watch and its wireless AirPods headphones, but both were left off the list announced on Monday.
The new round of tariffs will take effect on Sept, 24 at a 10 percent level and rise to 25 percent on Jan, 1, 2019, However, if Trump expands the tariffs to an additional $267 billion worth of goods then nearly every Chinese import would be affected, including the iPhone, along with all other smart phones, Apple shares fell 0.7 percent to $216.29 harvard business school sterling silver cufflinks after hours, Shares of China and Taiwan-based Apple suppliers slipped Tuesday morning in Asia, Foxconn, a Taiwan-based manufacturer formally known as Hon Hai Precision Industry Co, fell 2 percent, while assembler Pegatron Corp dropped 2.4 percent, Camera lens-maker Largan Precision Co Ltd slid nearly 9 percent..
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