• Today
    July 21

  • 03:42 AM

China, US trade war intensifies


Added 07 May 2019


United States President Donald Trump (FP)

WASHINGTON – Stocks around the world tumbled and oil prices hit a one-month low after United States President Donald Trump tweeted on Sunday that he would raise tariffs on $200 billion worth of Chinese goods to 25 per cent from 10 per cent by the end of the week, and would “soon” target the remaining Chinese imports with tariffs.

The announcement ended a four-month truce in a trade war that has cost the world’s two largest economies billions of dollars, slowed global growth and disrupted manufacturing and farming.

It was unclear yesterday whether Chinese Vice Premier Liu He would travel as planned to Washington for talks scheduled to start tomorrow.

A Washington-based source familiar with the talks said the Chinese side

was reconsidering whether Liu would attend after Trump’s tweet.

“The atmosphere of the negotiations has changed,” said a Chinese official with knowledge of the talks, and how they would proceed was being re-evaluated.

“All that depends on the attitude of the United States,” the official said.

A Chinese delegation was still preparing to go to the United States for trade talks, Chinese Foreign Ministry spokesman Geng Shuang said earlier yesterday in Beijing, without saying whether Liu would be part of it.

A spokesman for the US Trade Representative’s office did not immediately respond to a query about the status of the talks in Washington and Liu’s attendance. (Reuters)


Dos and Donts

Welcome to our discussion forum here on nationnews.com. We encourage lively debate, but we also urge you to take note of the following:

  • Stay on topic – This helps keep the thread focused on the discussion at hand. If you would like to discuss another topic, look for a relevant article.
  • Be respectful – Meeting differences of opinion with civil discussion encourages multiple perspectives and a positive commenting environment.
  • Do not type in capitals – In addition to being considered “shouting” it is also difficult to read.
  • All comments will be moderated – Given the volume of comments each day, this may take some time. So please be patient.
  • We reserve the right to remove comments – Comments that we find to be abusive, spam, libellous, hateful, off-topic or harassing may be removed.
  • Reproduction of comments – Some of your comments may be reproduced on the website or in our daily newspapers. We will use the handle, not your email address.
  • Do not advertise – Please contact our Advertising Department.
  • Contact our Online Editor if you have questions or concerns.
  • Read our full Commenting Policy and Terms of Use.
comments powered by Disqus


Do you think the police have control over the crime situation in the country?