Trump Administration Awaits China’s Response After Tariff Spike

Chinese Vice Premier Liu He talks with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin as he departs a round of trade talks in Washington on Friday. Leah Millis/Reuters hide caption

The Trump administration imposed new higher tariffs on $200 billion in Chinese goods on Friday morning after trade talks failed to yield a deal. But to the surprise of many, China has yet to retaliate with new tariffs of its own.

Larry Kudlow, Trump’s top economic adviser said on Sunday that he is among those expecting a reaction from China. But so far “the expected countermeasures haven’t yet materialized,” Kudlow said on Fox News Sunday. “I reckon they will. We’ll see what they come up with.”

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Publisher: NPR.org
Date: 2019-05-13
Twitter: @NPR
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Many things are taking place:

Kudlow acknowledges US will pay for China tariffs, contradicting Trump

China’s Commerce Ministry said it would take countermeasures against the American tariff hike. It did not announce what its response would entail but said it “deeply regrets”…

* * *

As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst.

U.S. Secretary of State Mike Pompeo says “simple math” shows there’s been no disruption to the global supply of oil since the U.S. withdrew from the Iran nuclear deal.

The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected.

Publisher: CNBC
Date: 2019-05-12T15:26:07+0000
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Trump’s Trade War Escalation Will Exact Economic Pain, Adviser Says

WASHINGTON ‘ President Trump’s chief economic adviser said on Sunday that American consumers would bear some pain from the escalating trade war with China, contradicting Mr. Trump’s claim that his tariffs are a multibillion-dollar, mostly one-way payment by China to the American Treasury.

The comments from Larry Kudlow, the director of the National Economic Council, came after the 11th round of trade negotiations broke off without a deal, prompting Mr. Trump to raise tariffs on $200 billion worth of Chinese products and begin a process to impose levies on nearly every product China exports to the United States.


Date: 2019-05-13T00:19:43.000Z
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Why free traders and all Americans should back Trump on China policy | TheHill

Start with the basic facts: The average tariff that we imposed on China when Trump entered the White House was about 4 percent. Trump Administration Awaits China ' s News Trump Administration Ratchets Up Tariffs, So Far Without Retaliation From ... NPR 3 hours ago The Trump administration imposed new higher tariffs on 0 billion in Chinese goods on Friday morning after trade talks failed to ... China’s tariffs on us were about 10 percent, and, even when including the 10 percent tariff that Trump first imposed on $200 billion worth of Chinese imports in 2018, our tariffs were still lower than theirs. Trump Administration Awaits China’s Response After Tariff ... www.progressnews.network/2019/05/13/ trump-administration-awaits-chinas ... Trump Administration Awaits China’s Response After Tariff Spike : NPR Chinese Vice Premier Liu He talks with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin as he departs a round of trade talks in Washington on Friday. So the playing field is not level and is especially tilted against us given that Beijing’s non-tariff barriers in China can make it prohibitively expensive to do business there. Power Up: Trump administration looks other way on China's ... www.washingtonpost.com /news/powerpost/paloma/powerup/2019/05/09/powerup- trump ... Global Power. NOT IN THIS BACKYARD: The Trump administration is shying away from a full-throated condemnation of China's treatment of roughly one million ethnic Uighurs and other minority Muslims ... We have an open market competing against the world’s second-largest economy whose doors are slammed shut.

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Do Trump’s Tariffs Really Matter?

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