China imposed counter-tariffs on some import products from the United States at 12:01 pm Friday immediately after new US tariffs took effect, the country’s customs authority said.
Anyone who is not ideologically blinded by cold war mentality would clearly recognize that China has fulfilled its WTO obligations .
It involves the world’s two biggest economies and the trade volume involved also represents a record in decades.
The USTR published on Friday a list of Chinese goods subject to additional Tariffs. The “punitive tariffs” on about $50 billion of Chinese products will burden the world’s two largest economies, China and US.
China and the US, the world’s two biggest economic entities, had a third round of trade consultation on June 2-3.
Decline seems to be inevitable for us mortal beings and nearly everything that we are a part of. Empire and global hegemony, as we now know, are no exceptions.
Each word as written into the statement was weighed by the two sides to best reflect their respective perspectives on the agreements achieved.
This year is special, for the world as well as China and the US. I think it is necessary to reassess the change in US power in the past 10 years and the historical experiences of the development of China-US relations in the last four decades.
As the Sino-US battle gears up, Latin America is quickly becoming one of the affected areas. In response to the new international environment, Latin America must adapt its long-term passive approach in the US-Latin America relationship and look to follow a favorable development path. This adjustment will create new opportunities for Sino-Latin American trade.
In the midst of all of the hype, angst and uncertainty concerning matters of trade between China and the USA, perhaps the best solution to this issue lies in the old, worn path that is history.
The US government has been mired in chaos since Donald Trump came into power. It seems that the United States is preparing to launch a “civil war” rather than a trade war.
Jake Parker, vice president of the U.S.-China Business Council, delivered a keynote speech at the seminar and exchanged views with other experts on issues including Sino-U.S. diplomacy, trade and development.