China issues ANOTHER threat to Trump

China flag US flag

"For the U.S.to go to war with China over trade is for the U.S.to enter a war that it can not win".

The United States and China imposed fresh tariffs on each other's goods on Monday, as the world's biggest economies showed no signs of backing down from an increasing bitter trade dispute that is expected to knock global economic growth.

On Monday, the Chinese government accused the Trump administration in a report of "trade bullyism" and of preaching "economic hegemony".

It added that China has responded to the US' tariffs by seeking common interests of not just both parties but also the global trade order, and has answered the US' concerns with the "greatest level of patience and good faith".

The Wall Street Journal reported that China, which has accused Washington of being insincere in trade negotiations, has decided not to send Vice Premier Liu He to Washington this week. Beijing believes substantive negotiations will only be possible after the USA midterm elections in November, Bloomberg News reported. US President Donald Trump will probably dismiss Beijing's white paper in little more than a 120-character tweet.

Earlier this week, the United States slapped an additional 10 per cent import duties on $200 billion worth of Chinese products, warning Beijing of fresh taxes on another $267 billion in Chinese imports.


"President Trump has an excellent relationship with President Xi and our teams have been in frequent communication since President Trump took office", Ms Walters said.

The meeting was meant to discuss how to de-escalate the ongoing trade war between the USA and China, which began in July. The spat between the USA and China further encouraged the markets to move to the U.S. dollar over gold.

"The US-China trade war has no clear end in sight". This latest round of tariffs is no exception. A protracted trade war will fuel inflation in the USA, particularly as tariffs are added to categories such as furniture, apparel and technology, according to analysts at Bloomberg Intelligence. "This latest tranche is a tsunami", said Hun Quach, vice-president of worldwide trade for the Retail Industry Leaders Association.

Scott Brown, chief economist at Raymond James in St. Petersburg, Florida said: "One of the bigger risks with these tariffs going into effect is that the United States may be pushed out of the Chinese market and it is a growing market".

The ministry's list includes big-ticket items like liquefied natural gas, lumber and electronics as well as everything from peppermint oil to pig hides to cocoa butter to condoms.

Edward Alden, senior fellow at the Council on Foreign Relations, said there was a chance the trade war could spiral out of control but that there is "a window for serious negotiation".

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