China rejects a trade agreement with the United States, and Trump’s allegations rejects “fake news”
China has rejected Trump’s allegations about commercial talks and insisted that the United States raise all the unilateral definitions imposed on China.
On Tuesday, Trump told correspondents at the Oval Office that “astronomical” duties on Chinese goods “will drop significantly.” He promised to be “very nice” in future negotiations and said he would not raise the subject of the Covid-19 outbreak when he meets both sides.
These notes chanted investors who hope to reduce the smaller customs tariffs of companies and consumers.
Beijing, however, showed little attention. “Whoever linked the bell must draw from it,” said Yadong’s spokesman for Yadong, in a briefing. “The United States has started a single tariff. If Washington really wanted to solve the problem, it must remove all the unilateral tariff measures against China and deal with differences through equal dialogue.”
Chinese officials oppose Trump’s allegations
Chinese officials also Disputed Trump claim that commercial talks are already ongoing. Late Wednesday, the president told the correspondents that American and Chinese actors were talking “every day” about trade, although he had no details.
Foreign Ministry spokesman Qouh Jiakoun rejected these comments the next morning. “These are all fake news,” said Quh. “In my knowledge, China and the United States did not participate in any consultations or negotiations on the issue of customs tariffs, not to mention reaching any agreement.”
The Trump’s most softening tone of Trump says that it is exposed to local pressure from commercial and financial circles concern about the economic cost of the trade war. They argue that China, despite the slower growth, cannot wait while the United States deals with inflation and market fluctuations.
Shi was trying to get Southeast Asia to his side
Last week, President Xi Jinping toured Singapore, Malaysia and Thailand to photograph China as a fixed economic partner for Southeast Asia. The journey aims to highlight the regional influence of Beijing, but analysts notice that China’s economy no longer expands at a pace of the two numbers that he enjoys once, a factor that may eventually push him to the negotiating table.
Trump’s recent comments followed a special meeting for the White House with CEOs at Walmart, Target, Home Depot and Lowe’s. According to the people who were informed at the session, retailers warned that high import taxes, along with uncertainty about future policy, were pressing profit margins and holiday sales expectations.
The main investment banks have long argued that the American definitions, along with the duties of revenge amounting to 125 percent in China on American exports, could put both economists – and perhaps the world – in recession. While Trump did not explain the depth of the discounts, a senior White House official told Wall Street Journal that Washington was considering reducing the current tariff rate by 145 percent to a place “between 50 percent and 65 percent.”
News of a possible decline was met with Chinese social media. On Wednesday, the “Trump Chicked Out” has risen to the famous Weibo platform summit, drawing more than 150 million views.
Another sign discusses a plan to cut duties to 50-65 percent, also directed on Thursday. “Our side says that we do not care about that!” A user wrote, earning more than 1000 likes. A second common comment read, “If the alleged mutual definitions are not canceled-do not care about negotiating with them!”
Despite the online revenge, both economists face installation challenges. American consumers pay higher prices for Chinese Chinese goods, while exporters in many American agricultural countries struggle to restore their share in the lost market. In China, factories that depend on demand for monthly numbers requests after a month.
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