It’s Trump vs. Xi in the China trade war — and it’s personal

Quite a lot has been going on:

U.S.-China Trade War: The Consequences

Although the escalating trade war pits the world’s two largest economic powers against each other, President Trump’s chief economic adviser, Larry Kudlow, says the economic consequences of the tariffs will be ‘so small’ that it’s ‘worthwhile doing.’

The stock market’s plunge is offering a differing opinion that the consequences are not so small or worthwhile.

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Even Larry Kudlow, President Trump’s top economic adviser, agrees that both the United States and China will bear burdens because of our president’s latest trade war escalation. It ' s Trump vs . Xi in the China trade war News The U.S.- China Trade War Is Only A Skirmish In Their Strategic Rivalry Forbes 4 hours ago Donald Trump started the trade war with China ... operates on a much shorter time horizon than Xi . Even though Xi may appear to ... It has already begun, as China has raised tariffs on $60 billion worth of American goods, and Mr. Trump is asking for an additional $15 billion in subsidies for farmers and others who will be most harmed by the new Chinese tariffs.

Date: 2019-05-13T18:58:12.000Z
Reference: Visit Source

Here’s why Apple is so vulnerable to a trade war with China

President Donald Trump offered a projection about how much longer the U.S. and China could be locked in heated trade negotiations.

U.S. equity futures were in the green Tuesday as traders weighed the details of an ongoing trade war between the United States and China.

The possibility that China might stop being the world’s biggest consumer of U.S. debt again reared its imposing head Monday.

Walmart’s rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California this week, before reaching 75% of the country by the end of the year.

The Financial Times reported Monday that an Israel-based company was able to successfully install malware that could have been used for surveillance on phone calls made over…

Publisher: CNBC
Date: 2019-05-13T19:57:32+0000
Author: Author link
Twitter: @CNBC
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The Cost of China Tariffs

Publisher: WSJ
Date: 2019-05-13T23:21:00.000Z
Author: The Editorial Board
Twitter: @WSJ
Reference: Visit Source

Trump announces plans to meet with Xi Jinping next month as trade war with China heats up

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.

China announced earlier it would impose higher tariffs on a range of U.S. goods, including frozen vegetables and liquefied natural gas, a move that followed Washington’s decision last week to hike its own levies on $200 billion in Chinese imports.

The U.S. Trade Representative’s office said later it planned to hold a public hearing next month on the possibility of imposing duties of up to 25% on a further $300 billion worth of imports from China. Cellphones and laptops would be included in that list but pharmaceuticals would be excluded, the office said.

Publisher: Business Insider
Date: 2019-05-13
Author: Reuters
Twitter: @businessinsider
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