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Trump: We are not in a trade war with China   [Copy link] 中文

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Post time 2018-4-6 13:49:23 |Display all floors
This post was edited by knox1234 at 2018-4-6 13:49



US President Donald Trump softened his rhetoric about trade tension between China and the US on Wednesday, saying that the United States is not in a trade war with China. The statement came in a tweet hours after Beijing announced a tariff plan on a list of US imports, including soybeans, planes, cars, beef and chemicals, in retaliation for similar duties levied by the White House one day earlier.

"We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.," Trump tweeted.



China’s retaliatory list on Wednesday showed clearly that China does not fear a trade war, though it does not want one, as China has repeatedly stated during the past weeks.  

The inclusion of agricultural products, especially soybeans in the tariff list, has caused fear of losses among US farmers since China is the largest buyer of US farm products.

America’s most influential farm organization pleaded publicly with the Trump administration and China on Wednesday to put an end to an escalating trade dispute after China targeted US soybeans and other agricultural products.

“Growing trade disputes have placed farmers and ranchers in a precarious position. We have bills to pay and debts we must settle, and cannot afford to lose any market, much less one as important as China’s. We urge the United States and China to return to negotiations and produce an agreement that serves the interests of the world’s two largest economies,” said Zippy Duvall, a Georgia poultry and cattle farmer and president of the American Farm Bureau Federation, in a statement released Wednesday.

Following Trump's tweets Wednesday morning, White House chief economic adviser Larry Kudlow also sought to downplay trade war fears.
When asked whether the US tariffs announced on Tuesday will ever go into effect and may be a negotiating tactic, Trump’s top economic adviser, Larry Kudlow, told reporters: “Yes, it’s possible. It’s part of the process.” He called the announcements by the two countries mere opening proposals.

"I don't think people should overreact right now," Kudlow said. "This is a negotiation using all the tools."



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2015 Most Valuable Member Medal

Post time 2018-4-6 14:53:21 |Display all floors
I wonder how much the Intellectual Property Theft amounts to in the US?

Every employee in the US, particularly at high tech companies, must sign an agreement
that turns over every invention, device, or idea they come up with to the company before
they can even be considered for employment.
This is Intellectual Property Theft on the grandest of scales.

Just another day in the Oligarchy of America.
If capitalism promotes innovation and creativity then why aren't scientists and artists the richest people in a capitalist nation?

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Post time 2018-4-6 16:14:06 |Display all floors
The animation TV series "Our cartoon president" that is exactly how you can describe Trump and his WH
Human lives mean little when those in the WEST see a bigger gain through war

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Post time 2018-4-6 16:37:30 |Display all floors
This post was edited by zhihu1 at 2018-4-6 18:17

It's good news, and always good to go back to the negotiating table for both nations.

In the Art of War by Sunzi, he promoted the winning is not through wars. Good move for China to counter-check in the chess game!

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Post time 2018-4-6 16:44:08 |Display all floors
The US has won every WTO case against China since 2004. If it’s not buckled down, China will steal it.

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Post time 2018-4-6 16:44:41 |Display all floors
The US has won every WTO case against China since 2004. If it’s not buckled down, China will steal it.

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Post time 2018-4-6 17:37:35 |Display all floors
Boston101 Post time: 2018-4-6 16:44
The US has won every WTO case against China since 2004. If it’s not buckled down, China will steal  ...

March 8, 2018: The day the World Trade Organization died. Twenty-three years and sixty-seven days after its launch on January 1 of 1995.
The Trump administration is set to impose tariffs under a flimsy national security pretext that flouts if not the rules then at least the widely-shared norms of the WTO. It has further launched a free-for-all negotiating process in which its trading partners are now expected to come to the White House hat in hand begging for exemptions, a clear violation of the understanding that trade will be conducted under internationally agreed rules, not ad hoc negotiations.

The European Union (EU) has said that it will challenge the Trump tariffs before a WTO dispute panel. But the case cannot be won. If the WTO rules against the EU, it will acknowledge that Article XXI of the WTO agreement—the national security exception—allows countries to restrict imports however they choose as long as they cry “national security.” If the United States loses, it will almost certainly reject the ruling, rendering the dispute process null and void.

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