The real cause of the trade deficit is that the US doesn’t have that many things to sell, but unlike any other country in the world in its position has all the paper dollars in the world to buy whatever it wants regardless.
— Read on www.anti-empire.com/trumps-trade-war-has-cut-trade-deficit-with-china-and-blown-it-up-with-everybody-else/
Tag: Trade War
US plans to impose new curbs on China and Huawei
PressTV
— Read on www.presstv.com/Detail/2020/02/05/617930/US-Trump-China-Huawei-curb
No, Justin Amash Won’t Be Hurt by Tariffs on China
Amash responded with a smile, “I do not have a factory in China. I own part of our family’s business here in Michigan, so it’s in Wyoming. So, I’m a part shareholder in our family business. Our family business does less than 10 percent of its products from China.” He elaborated that, “the rest of the purchases are United States or primarily Taiwan.”
Amash acknowledged that his “brothers do own a trading company that does business in China.” However, he stated, “I don’t own it.”
— Read on thelibertarianrepublic.com/no-justin-amash-wont-be-hurt-by-tariffs-on-china/amp/
Trump’s tariffs have backfired, according to a new government study
Trump’s tariffs have backfired, according to a new government study – Vox
— Read on www.vox.com/platform/amp/policy-and-politics/2019/12/29/21041238/trump-tariffs-trade-war-federal-reserve-manufacturing-consumer-prices
Tariff war risk may go beyond economic loss
When US President Donald Trump announced he would be attending this year’s World Economic Forum in Davos, Switzerland, many expected a toned-down version of the free trade-bashing Trump, whose tariff wars have caused serious damage to the world economy and the global value chain.
— Read on www.globaltimes.cn/content/1177743.shtml
No wonder!
Steve Bannon: Trump broke Chinese communist party with trade deal (video)
Top representatives from the U.S. and China meet in Washington on Wednesday to sign an initial trade deal.
— Read on www.cnbc.com/2020/01/15/steve-bannon-trump-broke-chinese-communist-party-with-trade-deal.html
They can walk away, anytime!
China, US shouldn’t rush phase one deal – Global Times
Given the potential significance of the phase one deal for ending the costly trade tussle and even for the future of the world’s most consequential bilateral relationship, it is imperative for both sides to get the deal done right, rather than in a rush.
From discrepancies in official statements on both sides, it is apparent that there are still some final details to be worked out. For example, US officials have unilaterally disclosed information, such as the amount of China’s purchases of US products, and the date and location for the signing ceremony.
Chinese officials have not publicly confirmed any of this information.
— Read on www.globaltimes.cn/content/1175929.shtml
American Consumers, Not China, Are Paying for Trump’s Tariffs
American businesses and consumers, not China, are bearing the financial brunt of President Trump’s trade war, new data shows, undermining the president’s assertion that the United States is “taxing the hell out of China.”
— Read on www.msn.com/en-us/money/markets/american-consumers-not-china-are-paying-for-trumps-tariffs/ar-BBYFV8g
DUH!!
Latest Negotiations on Issues of Trade between USA and PRC
— Read on journal-neo.org/2019/11/24/latest-negotiations-on-issues-of-trade-between-usa-and-prc/
I have a feeling that the US won’t sign!
Trump’s “Phase One” Trade Deal Leaves China With Massive Advantage
One of the key reasons Trump launched his trade war has yet to be resolved.
— Read on www.vanityfair.com/news/2019/12/donald-trump-phase-one-china-deal
Ms. Cat’s Chronicles 
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