Donald Trump’s election victory is seen changing the course of near-term money flows for three of Asia’s largest equity markets as tariff risks loom large over Chinese assets, as detailed in a report by Bloomberg.

Trump has threatened to put 60 per cent tariffs on Chinese goods<o:p></o:p>

Market watchers see the possibility of funds flowing into India and Japan while investors assess Trump’s anti-China stance, with the president-elect earlier having threatened to put tariffs of as much as 60 per cent on Chinese goods. Morgan Stanley just reiterated its preference for the two nations’ shares over China’s, the Bloomberg report explained further.

India, viewed as a manufacturing alternative to China, is appealing to investors for its relative immunity to global risks given a domestic-driven economy. Japanese stocks are seen as indirect beneficiaries of Trump’s reflationary economic policy, which is expected to keep interest rates high, thereby boosting the dollar and weakening the yen to the advantage of the Asian nation’s exporters.

“Supply chains have been moving away from China and that helps not only Japan and India but also other countries, particularly in Southeast Asia,” said veteran emerging-market investor Mark Mobius. “India is the big beneficiary since only India’s workforce can match the Chinese in numbers and labour costs. With Trump maintaining or even extending trade restrictions on China, this will be positive for India.”

That suggests Wednesday’s price action in Asia is likely to have been a sign of things to come. As it became clear that Trump will return to the White House, the MSCI Japan Index and the MSCI India Index rallied at least 1.5 per cent each to cap their best day so far this quarter, while the MSCI China Index slumped over 2 per cent.

The threat of tariffs is seen as complicating Beijing’s efforts to revive the economy and lift market sentiment through a series of stimulus measures that began late September. This makes the nation’s ongoing legislature meeting all the more crucial for investors.

“Should China’s anticipated stimulus announcements be less meaningful than expected, we believe investors could also rotate China exposure into Japanese equities which was seen prior to China’s initial round of stimulus announcements,” Morningstar Inc.’s analysts Lorraine Tan and Kai Wang wrote in a note.

Chinese stocks were already under pressure in the run-up to the US election, with the rally triggered by a monetary policy blitz cooling in the absence of an impressive plan for fiscal spending. The CSI 300 Index surged nearly 35 per cent from a September low through October 8 but has fallen about 5 per cent since.

A short-term challenge<o:p></o:p>

Republican proposals to impose higher tariffs on Chinese goods are likely to weigh on growth in the world’s second-largest economy, Morgan Stanley strategists including Jonathan Garner wrote in a note.

“Bear in mind the tariff headwind could discount the net-net effect of the potential reflation measures” to be announced at China’s National People’s Congress standing committee meeting this week, they said. “We reiterate our core overweight Japan and underweight China view as well as our preference for Australia and India which we also overweight.”

Any further weakness in Chinese stocks is likely to be positive for their biggest emerging-market rival India, given that China’s rebound has been cited as one of the key reasons for a record foreign exodus from the South Asian nation’s shares in October. Some other investors are more optimistic about China’s prospects.

While Societe Generale SA sees a short-term hit to Chinese assets, it’s maintaining an overweight position on expectations that the “policy course correction undertaken since September” will continue as the main equity driver.

And Japan as well as India have problems of their own to deal with. The former is staring at the possibility of excessive currency moves and potential intervention as the yen weakens against the dollar, while the latter is witnessing a slowdown in economic and earnings growth after a strong post-pandemic boom.

“In the very near term, the Trump trade could also be tactically positive for India” in terms of foreign flows, Madhavi Arora, an economist of Emkay Global Financial Services Ltd., wrote in a note. “However, there will be challenges in sustaining that rally” the Bloomberg report concluded.

Market participants and investors all across the globe will follow these developments carefully. As Trump moves towards taking over the reins from Biden, the focus will shift towards his policies and vision for the US economy going ahead.

<o:p>&nbsp;</o:p>

<o:p>&nbsp;</o:p>

Donald Trump’s election victory is seen changing the course of near-term money flows for three of Asia’s largest equity markets as tariff risks loom large over Chinese assets, as detailed in a report by Bloomberg.

Donald Trump’s election victory is seen changing the course of near-term money flows for three of Asia’s largest equity markets as tariff risks loom large over Chinese assets, as detailed in a report by Bloomberg. Trump has threatened to put 60 per cent tariffs on Chinese goods Market watchers see the possibility of funds flowing into India and Japan while investors assess Trump’s anti-China stance, with the president-elect earlier having threatened to put tariffs of as much as 60 per cent on Chinese goods. Morgan Stanley just reiterated its preference for the two nations’ shares over China’s, the Bloomberg report explained further. India, viewed as a manufacturing alternative to China, is appealing to investors for its relative immunity to global risks given a domestic-driven economy. Japanese stocks are seen as indirect beneficiaries of Trump’s reflationary economic policy, which is expected to keep interest rates high, thereby boosting the dollar and weakening the yen to the advantage of the Asian nation’s exporters. “Supply chains have been moving away from China and that helps not only Japan and India but also other countries, particularly in Southeast Asia,” said veteran emerging-market investor Mark Mobius. “India is the big beneficiary since only India’s workforce can match the Chinese in numbers and labour costs. With Trump maintaining or even extending trade restrictions on China, this will be positive for India.” That suggests Wednesday’s price action in Asia is likely to have been a sign of things to come. As it became clear that Trump will return to the White House, the MSCI Japan Index and the MSCI India Index rallied at least 1.5 per cent each to cap their best day so far this quarter, while the MSCI China Index slumped over 2 per cent. The threat of tariffs is seen as complicating Beijing’s efforts to revive the economy and lift market sentiment through a series of stimulus measures that began late September. This makes the nation’s ongoing legislature meeting all the more crucial for investors. “Should China’s anticipated stimulus announcements be less meaningful than expected, we believe investors could also rotate China exposure into Japanese equities which was seen prior to China’s initial round of stimulus announcements,” Morningstar Inc.’s analysts Lorraine Tan and Kai Wang wrote in a note. Chinese stocks were already under pressure in the run-up to the US election, with the rally triggered by a monetary policy blitz cooling in the absence of an impressive plan for fiscal spending. The CSI 300 Index surged nearly 35 per cent from a September low through October 8 but has fallen about 5 per cent since. A short-term challenge Republican proposals to impose higher tariffs on Chinese goods are likely to weigh on growth in the world’s second-largest economy, Morgan Stanley strategists including Jonathan Garner wrote in a note. “Bear in mind the tariff headwind could discount the net-net effect of the potential reflation measures” to be announced at China’s National People’s Congress standing committee meeting this week, they said. “We reiterate our core overweight Japan and underweight China view as well as our preference for Australia and India which we also overweight.” Any further weakness in Chinese stocks is likely to be positive for their biggest emerging-market rival India, given that China’s rebound has been cited as one of the key reasons for a record foreign exodus from the South Asian nation’s shares in October. Some other investors are more optimistic about China’s prospects. While Societe Generale SA sees a short-term hit to Chinese assets, it’s maintaining an overweight position on expectations that the “policy course correction undertaken since September” will continue as the main equity driver. And Japan as well as India have problems of their own to deal with. The former is staring at the possibility of excessive currency moves and potential intervention as the yen weakens against the dollar, while the latter is witnessing a slowdown in economic and earnings growth after a strong post-pandemic boom. “In the very near term, the Trump trade could also be tactically positive for India” in terms of foreign flows, Madhavi Arora, an economist of Emkay Global Financial Services Ltd., wrote in a note. “However, there will be challenges in sustaining that rally” the Bloomberg report concluded. Market participants and investors all across the globe will follow these developments carefully. As Trump moves towards taking over the reins from Biden, the focus will shift towards his policies and vision for the US economy going ahead.

Trump’s China threat shifts investor focus to Indian and Japanese stocks

As the Biden-Harris administration prepares to unveil its final implementation plans for substantial tariff increases on certain Chinese imports, U.S. industries are actively lobbying for modifications to the proposed measures. The administration faces a delicate balancing act between maintaining a strong stance on China trade and addressing domestic concerns about potential economic impacts.

President Biden initially announced in May a series of tariff hikes, including a quadrupling of duties on Chinese electric vehicles to 100%, doubling tariffs on semiconductors and solar cells to 50%, and introducing new 25% tariffs on lithium-ion batteries and other strategic goods. These measures were aimed at protecting U.S. firms from what the administration perceives as Chinese excess production.

Originally slated for implementation on August 1, the tariffs were delayed until September to allow the U.S. Trade Representative's office to review over 1,100 public comments. The final determination is expected by the end of August, marking a crucial decision point for the administration.

The timing of this decision is particularly sensitive, coming after Vice President Kamala Harris emerged as the Democratic Party's presidential nominee following Biden's decision to step aside in late July. The administration must navigate the political implications carefully, as any perceived softening on China trade could invite criticism from Republicans, while proceeding with the original hikes might draw complaints about increased costs from various sectors, including some Democrats in Congress.

Several industries have voiced concerns and requested modifications to the proposed tariffs. The Port of New York and New Jersey highlighted the potential impact of a 25% levy on Chinese-made ship-to-shore cranes, noting that it would significantly increase costs for already ordered equipment. Democratic senators from Virginia and Georgia have echoed these concerns, calling for exemptions on existing crane orders.

The automotive sector has also weighed in, with Ford Motor requesting a reduction in proposed tariffs on artificial graphite, a crucial component in electric vehicle battery production. Autos Drive America, representing foreign-brand automakers, advocated for stable tariff rates on batteries, modules, cells, and critical minerals through at least 2027 to support ongoing investments in U.S. production and foster consumer adoption of electric vehicles.

In the medical field, concerns have been raised about the planned 50% tariff on syringes, with senators warning about potential disruptions to supplies for infant feeding.

However, not all industries are seeking reductions. Some, like Finnish stainless steelmaker Outokumpu, which operates a mill in Alabama, have expressed support for increased tariffs on Chinese-made steel. The company even suggested extending higher duties to all steel products melted and poured in China but processed in other countries to prevent tariff circumvention.

The administration's decision comes at a time of ongoing diplomatic efforts to manage U.S.-China relations. U.S. National Security Adviser Jake Sullivan is set to meet with Chinese Foreign Minister Wang Yi in the same week, aiming to keep tensions in check as the November U.S. election approaches.

China has already vowed retaliation against what it terms "bullying" tariff hikes, with Foreign Minister Wang Yi suggesting that some in the U.S. may be "losing their minds" over the trade measures.

As the Biden-Harris administration prepares to unveil its final implementation plans for substantial tariff increases on certain Chinese imports, U.S. industries are actively lobbying for modifications to the proposed measures.

As the Biden-Harris administration prepares to unveil its final implementation plans for substantial tariff increases on certain Chinese imports, U.S. industries are actively lobbying for modifications to the proposed measures. The administration faces a delicate balancing act between maintaining a strong stance on China trade and addressing domestic concerns about potential economic impacts. President Biden initially announced in May a series of tariff hikes, including a quadrupling of duties on Chinese electric vehicles to 100%, doubling tariffs on semiconductors and solar cells to 50%, and introducing new 25% tariffs on lithium-ion batteries and other strategic goods. These measures were aimed at protecting U.S. firms from what the administration perceives as Chinese excess production. Originally slated for implementation on August 1, the tariffs were delayed until September to allow the U.S. Trade Representative's office to review over 1,100 public comments. The final determination is expected by the end of August, marking a crucial decision point for the administration. The timing of this decision is particularly sensitive, coming after Vice President Kamala Harris emerged as the Democratic Party's presidential nominee following Biden's decision to step aside in late July. The administration must navigate the political implications carefully, as any perceived softening on China trade could invite criticism from Republicans, while proceeding with the original hikes might draw complaints about increased costs from various sectors, including some Democrats in Congress. Several industries have voiced concerns and requested modifications to the proposed tariffs. The Port of New York and New Jersey highlighted the potential impact of a 25% levy on Chinese-made ship-to-shore cranes, noting that it would significantly increase costs for already ordered equipment. Democratic senators from Virginia and Georgia have echoed these concerns, calling for exemptions on existing crane orders. The automotive sector has also weighed in, with Ford Motor requesting a reduction in proposed tariffs on artificial graphite, a crucial component in electric vehicle battery production. Autos Drive America, representing foreign-brand automakers, advocated for stable tariff rates on batteries, modules, cells, and critical minerals through at least 2027 to support ongoing investments in U.S. production and foster consumer adoption of electric vehicles. In the medical field, concerns have been raised about the planned 50% tariff on syringes, with senators warning about potential disruptions to supplies for infant feeding. However, not all industries are seeking reductions. Some, like Finnish stainless steelmaker Outokumpu, which operates a mill in Alabama, have expressed support for increased tariffs on Chinese-made steel. The company even suggested extending higher duties to all steel products melted and poured in China but processed in other countries to prevent tariff circumvention. The administration's decision comes at a time of ongoing diplomatic efforts to manage U.S.-China relations. U.S. National Security Adviser Jake Sullivan is set to meet with Chinese Foreign Minister Wang Yi in the same week, aiming to keep tensions in check as the November U.S. election approaches. China has already vowed retaliation against what it terms "bullying" tariff hikes, with Foreign Minister Wang Yi suggesting that some in the U.S. may be "losing their minds" over the trade measures.

U.S. industries lobby for easing of Biden-Harris administration's proposed China tariff hikes

The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war.

Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and China would not come soon. But the market rebounded at the end of the week on Friday's strong US jobs and a change in tone from Trump.

Wall Street could see more volatility ahead of December 15, when the next tranche of US tariffs on Chinese imports is set to take effect.

At the start of the week, investors said equity prices were factoring in that those tariffs would be delayed if not cancelled as Beijing and Washington work on a "phase one" trade deal. But subsequent tough talk from Trump officials has shaken those expectations somewhat.

"Until we get some finality on this, the day-to-day is going to move on headlines that suggest progress or lack thereof,” said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta.

While the dispute between the world's two largest economies commands the spotlight, other trade issues also have drawn investor attention. They include a recent delay in ratification of the North American Trade pact, potential US tariffs on imported autos and Trump's issuing surprise levies on steel imports from Brazil and Argentina.

Optimism over a US-China truce has helped push the major Wall Street indexes to all-time highs recently, with the benchmark S&amp;P 500 &lt;.SPX&gt; logging a gain of more than 20 per cent&nbsp;so far in 2019. But as the latest swings show, lack of a resolution to a trade dispute that has lasted nearly two years continues to weigh on the market.

“The problem is the uncertainty that the trade war process has on business decisions," said Art Hogan, chief market strategist at National Securities in New York. "Without some sort of short-term truce, company spending gets frozen and that’s where it affects the economy and the market."

The tariffs on $156 billion in Chinese imports that could take effect Dec. 15 are largely on consumer goods, including cellphones, laptop and desktop computers, toys and clothing.

UBS economists estimate those tariffs would drag on US gross domestic product by either 0.1 per cent&nbsp;or 0.2 per cent&nbsp;in each of the four quarters next year. UBS projects overall GDP growth to average 1.1 per cent&nbsp;in 2020, with tariffs generally weighing heavily in the first half of the year.

Aside from the fallout from the tariffs themselves, "the next read from them going into effect is that trade discussions are not going well," said Walter Todd, chief investment officer with Greenwood Capital in South Carolina.

Political tensions over US support for protesters in Hong Kong and over Beijing's treatment of its Uighur Muslim minority have also raised concerns about the prospects for an initial trade deal.

“Without a phase one plan on getting something signed early in the new year, I think the market is susceptible for a pullback," said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC.

The focus will remain on trade into next week, even as the Federal Reserve holds its last meeting of 2019, with the US central bank expected to keep interest rates steady after three cuts earlier in the year.

"The Fed chairman pretty much outlined that the bar is very high to raise rates," SunTrust's Lerner said.

However, he added, if some of the tariffs result in a sharp slowdown, "the Fed would have to act eventually" by cutting rates.

Investors will also be looking for signs of strength in the holiday shopping season, given that consumer spending is seen as a key pillar holding up overall economic growth.

There is a strong incentive to push off the tariffs "as long as people are at the negotiating table," said Carol Schleif, deputy chief investment officer at Abbot Downing in Minneapolis.

"President Trump definitely doesn’t want a downbeat consumer going into the election cycle,” she said.

The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war. Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and China would not come soon.

The stock market looks set to end 2019 the way it began the year -- highly sensitive to headlines from President Donald Trump's global trade war. Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting any deal to resolve the trade dispute between the United States and China would not come soon. But the market rebounded at the end of the week on Friday's strong US jobs and a change in tone from Trump. Wall Street could see more volatility ahead of December 15, when the next tranche of US tariffs on Chinese imports is set to take effect. At the start of the week, investors said equity prices were factoring in that those tariffs would be delayed if not cancelled as Beijing and Washington work on a "phase one" trade deal. But subsequent tough talk from Trump officials has shaken those expectations somewhat. "Until we get some finality on this, the day-to-day is going to move on headlines that suggest progress or lack thereof,” said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta. While the dispute between the world's two largest economies commands the spotlight, other trade issues also have drawn investor attention. They include a recent delay in ratification of the North American Trade pact, potential US tariffs on imported autos and Trump's issuing surprise levies on steel imports from Brazil and Argentina. Optimism over a US-China truce has helped push the major Wall Street indexes to all-time highs recently, with the benchmark S&P 500 <.SPX> logging a gain of more than 20 per cent so far in 2019. But as the latest swings show, lack of a resolution to a trade dispute that has lasted nearly two years continues to weigh on the market. “The problem is the uncertainty that the trade war process has on business decisions," said Art Hogan, chief market strategist at National Securities in New York. "Without some sort of short-term truce, company spending gets frozen and that’s where it affects the economy and the market." The tariffs on $156 billion in Chinese imports that could take effect Dec. 15 are largely on consumer goods, including cellphones, laptop and desktop computers, toys and clothing. UBS economists estimate those tariffs would drag on US gross domestic product by either 0.1 per cent or 0.2 per cent in each of the four quarters next year. UBS projects overall GDP growth to average 1.1 per cent in 2020, with tariffs generally weighing heavily in the first half of the year. Aside from the fallout from the tariffs themselves, "the next read from them going into effect is that trade discussions are not going well," said Walter Todd, chief investment officer with Greenwood Capital in South Carolina. Political tensions over US support for protesters in Hong Kong and over Beijing's treatment of its Uighur Muslim minority have also raised concerns about the prospects for an initial trade deal. “Without a phase one plan on getting something signed early in the new year, I think the market is susceptible for a pullback," said Robert Pavlik, chief investment strategist at SlateStone Wealth LLC. The focus will remain on trade into next week, even as the Federal Reserve holds its last meeting of 2019, with the US central bank expected to keep interest rates steady after three cuts earlier in the year. "The Fed chairman pretty much outlined that the bar is very high to raise rates," SunTrust's Lerner said. However, he added, if some of the tariffs result in a sharp slowdown, "the Fed would have to act eventually" by cutting rates. Investors will also be looking for signs of strength in the holiday shopping season, given that consumer spending is seen as a key pillar holding up overall economic growth. There is a strong incentive to push off the tariffs "as long as people are at the negotiating table," said Carol Schleif, deputy chief investment officer at Abbot Downing in Minneapolis. "President Trump definitely doesn’t want a downbeat consumer going into the election cycle,” she said.

Wall Street week ahead: Tariff deadline keeps focus on trade as 2019 draws to close

President <a href="https://www.wionews.com/world/top-white-house-ukraine-expert-says-trump-request-for-biden-probe-was-improper-263232">Donald Trump</a> on Tuesday warned that failure to get a trade deal with <a href="https://www.wionews.com/business-economy/us-china-trade-deal-hopes-restart-stocks-rally-260575">China will prompt more tariffs</a>.

"If we don’t make a <a href="https://www.wionews.com/business-economy/gold-prices-steady-as-us-china-trade-deal-doubts-linger-263135">deal with China</a>, I’ll just raise the tariffs even higher," he told reporters at the White House.

Trump's latest tough comment came as markets are watching intensely for signs of progress in the two economic superpowers' attempt to reach a so-called "phase one" partial deal taking the heat out of a growing trade war.

Predictions of a resolution have come and gone repeatedly as Trump veers from hints of imminent deals to declaring his satisfaction with the current standoff because the United States is pulling in billions of dollars in trade tariffs.

Sceptics say even a partial pact hinges on Trump rolling back existing tariffs, something his latest comment about increasing the duties would appear to put in doubt.

President Donald Trump on Tuesday warned that failure to get a trade deal with China will prompt more tariffs. "If we don’t make a deal with China, I’ll just raise the tariffs even higher," he told reporters at the White House.

President Donald Trump on Tuesday warned that failure to get a trade deal with China will prompt more tariffs. "If we don’t make a deal with China, I’ll just raise the tariffs even higher," he told reporters at the White House. Trump's latest tough comment came as markets are watching intensely for signs of progress in the two economic superpowers' attempt to reach a so-called "phase one" partial deal taking the heat out of a growing trade war. Predictions of a resolution have come and gone repeatedly as Trump veers from hints of imminent deals to declaring his satisfaction with the current standoff because the United States is pulling in billions of dollars in trade tariffs. Sceptics say even a partial pact hinges on Trump rolling back existing tariffs, something his latest comment about increasing the duties would appear to put in doubt.

Trump says China tariffs will go 'even higher' without deal

US President <a href="https://www.wionews.com/world/ahead-of-2020-us-presidential-election-trump-accused-google-of-very-illegal-acts-241344">Donald Trump</a> on Friday said the costs of his protracted trade war are <a href="https://www.wionews.com/world/donald-trump-tears-into-china-on-twitter-as-trade-talks-resume-239492">falling squarely on China</a>, but a top adviser warned that the struggle between the economic superpowers could drag on for years.

Top-level negotiators are due to resume stalled talks in Washington early next month, with lower-level staff preparing the way in late September, according to officials on both sides.

And Trump says the pressure is on China to come to the table.

"China is eating the tariffs," Trump said on Twitter, repeating his claim that higher duties mean Washington is collecting billions of dollars from the Asian giant, without costs being passed on to US importers.

"China having a worst year in decades. Talks happening, good for all!"

The face-off between the number one and two economies began about 18 months ago and now features steep tariffs on hundreds of billions of dollars' worth of trade. Trump says he wants to force China into radical change on protection for intellectual property and other key aspects of the current trading relationship.&nbsp;

But White House economic adviser Larry Kudlow cautioned that the trade war could be a drawn-out contest resembling the Cold War under president Ronald Reagan in the 1980s.

"The stakes are so high, we have to get it right. If that takes a decade, so be it," Kudlow told reporters.

"This is the kind of thing where you're looking at far-reaching consequences... so if it takes us more time to do it and to get it right, so be it," he said.

"I didn't go through the whole Cold War, but a lot of it. You know, it took decades, decades, to get where we wanted to be with the old Soviet Union."

Economic fallout

Trump has repeatedly insisted that US tariffs and China's slowing economy will pressure Beijing to cut a deal. There are signs that the trade war has also begun to weigh on the US economy, however.

Corporate earnings reports indicate US companies have been hit by the tit-for-tat measures and overall uncertainty. A report released this week said more than 10,000 job cuts announced last month stemmed from "trade difficulties."

Tariffs were hiked by both sides last month and US duties on Chinese goods are due to rise further in October and December.

However, Kudlow said the face-to-face talks will resume in a good atmosphere.

"I'm just saying it is a good thing that they're coming here, and tempers are calmer," Kudlow said on CNBC television.

"We would love to go back to where we were in May, where we were getting kind of close to an agreement, maybe 90 per cent of the way," he added.

"It's very positive that we negotiate and it may well be that something positive comes out of that."

Talks abruptly broke up in May, with Washington accusing Beijing of retracting core commitments just when an overall agreement was close to fruition.

US President Donald Trump on Friday said the costs of his protracted trade war are falling squarely on China, but a top adviser warned that the struggle between the economic superpowers could drag on for years.

US President Donald Trump on Friday said the costs of his protracted trade war are falling squarely on China, but a top adviser warned that the struggle between the economic superpowers could drag on for years. Top-level negotiators are due to resume stalled talks in Washington early next month, with lower-level staff preparing the way in late September, according to officials on both sides. And Trump says the pressure is on China to come to the table. "China is eating the tariffs," Trump said on Twitter, repeating his claim that higher duties mean Washington is collecting billions of dollars from the Asian giant, without costs being passed on to US importers. "China having a worst year in decades. Talks happening, good for all!" The face-off between the number one and two economies began about 18 months ago and now features steep tariffs on hundreds of billions of dollars' worth of trade. Trump says he wants to force China into radical change on protection for intellectual property and other key aspects of the current trading relationship. But White House economic adviser Larry Kudlow cautioned that the trade war could be a drawn-out contest resembling the Cold War under president Ronald Reagan in the 1980s. "The stakes are so high, we have to get it right. If that takes a decade, so be it," Kudlow told reporters. "This is the kind of thing where you're looking at far-reaching consequences... so if it takes us more time to do it and to get it right, so be it," he said. "I didn't go through the whole Cold War, but a lot of it. You know, it took decades, decades, to get where we wanted to be with the old Soviet Union." Economic fallout Trump has repeatedly insisted that US tariffs and China's slowing economy will pressure Beijing to cut a deal. There are signs that the trade war has also begun to weigh on the US economy, however. Corporate earnings reports indicate US companies have been hit by the tit-for-tat measures and overall uncertainty. A report released this week said more than 10,000 job cuts announced last month stemmed from "trade difficulties." Tariffs were hiked by both sides last month and US duties on Chinese goods are due to rise further in October and December. However, Kudlow said the face-to-face talks will resume in a good atmosphere. "I'm just saying it is a good thing that they're coming here, and tempers are calmer," Kudlow said on CNBC television. "We would love to go back to where we were in May, where we were getting kind of close to an agreement, maybe 90 per cent of the way," he added. "It's very positive that we negotiate and it may well be that something positive comes out of that." Talks abruptly broke up in May, with Washington accusing Beijing of retracting core commitments just when an overall agreement was close to fruition.

Donald Trump bullish on China tariffs, but aide warns of long haul

China announced Friday it will hit US imports worth $75 billion with new tariffs starting September 1 and December 15, as retaliation for Washington's planned tariff hikes in a bruising trade war.

The punitive tariffs will range from 5 per cent to 10 per cent on 5,078 items from the US, China's state council tariff office said.

Beijing also announced it will impose a 25 per cent tariff on US autos and a 5 per cent tariff on auto parts starting December 15.

China had lifted punitive tariffs on American cars and auto parts earlier this year as a goodwill measure while trade talks were underway.

The tariff hikes by the US "have led to the continuous escalation of China-US economic and trade frictions, violating the consensus reached by the two heads of state in Argentina and the consensus reached in Osaka," China's State Council Tariff Commission Office said in a statement.

US President Donald Trump has imposed steep tariffs on $250 billion in Chinese goods, with a further $300 billion in imports targeted for new duties in two more rounds, September 1 and December 15.

On August 16, US President Donald Trump said on Thursday that US and Chinese negotiators were holding "productive" trade talks and expected them to meet in September.

Nonetheless, China had vowed to counter US tariffs on $300 billion of Chinese goods while calling on the United States to meet it halfway on a potential trade deal.

Earlier this month, the Chinese finance ministry said in a statement that Washington's tariffs violated a consensus reached between Trump and Chinese President Xi Jinping at a June summit in Japan to resolve their disputes via negotiation.

In a separate statement, China's foreign ministry spokeswoman, Hua Chunying had&nbsp;said, "We hope the US&nbsp;will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka."

China hopes to find mutually acceptable solutions through dialogue and consultation on the basis of equality and mutual respect, she added.

Trump, who is seeking re-election in 2020 and had made the economy and his tough stance on China a key part of his 2016 campaign for the White House, on Thursday said any agreement must meet US demands.

China announced Friday it will hit US imports worth $75 billion with new tariffs starting September 1 and December 15, as retaliation for Washington's planned tariff hikes in a bruising trade war.

China announced Friday it will hit US imports worth $75 billion with new tariffs starting September 1 and December 15, as retaliation for Washington's planned tariff hikes in a bruising trade war. The punitive tariffs will range from 5 per cent to 10 per cent on 5,078 items from the US, China's state council tariff office said. Beijing also announced it will impose a 25 per cent tariff on US autos and a 5 per cent tariff on auto parts starting December 15. China had lifted punitive tariffs on American cars and auto parts earlier this year as a goodwill measure while trade talks were underway. The tariff hikes by the US "have led to the continuous escalation of China-US economic and trade frictions, violating the consensus reached by the two heads of state in Argentina and the consensus reached in Osaka," China's State Council Tariff Commission Office said in a statement. US President Donald Trump has imposed steep tariffs on $250 billion in Chinese goods, with a further $300 billion in imports targeted for new duties in two more rounds, September 1 and December 15. On August 16, US President Donald Trump said on Thursday that US and Chinese negotiators were holding "productive" trade talks and expected them to meet in September. Nonetheless, China had vowed to counter US tariffs on $300 billion of Chinese goods while calling on the United States to meet it halfway on a potential trade deal. Earlier this month, the Chinese finance ministry said in a statement that Washington's tariffs violated a consensus reached between Trump and Chinese President Xi Jinping at a June summit in Japan to resolve their disputes via negotiation. In a separate statement, China's foreign ministry spokeswoman, Hua Chunying had said, "We hope the US will meet China halfway, and implement the consensus of the two heads of the two countries in Osaka." China hopes to find mutually acceptable solutions through dialogue and consultation on the basis of equality and mutual respect, she added. Trump, who is seeking re-election in 2020 and had made the economy and his tough stance on China a key part of his 2016 campaign for the White House, on Thursday said any agreement must meet US demands.

Will impose new tariffs on $75 billion US imports: China

President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd.

Trump said Cook "made a good case" that tariffs could hurt Apple, given that Samsung`s products would not be subject to those same tariffs.&nbsp;

Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15.

By contrast, the United States and South Korea struck a trade agreement last September.

"I thought he made a very compelling argument, so I`m thinking about it," Trump said of Cook, speaking with reporters at a New Jersey airport.

US stock futures rose upon opening on Sunday after Trump's comments.&nbsp;

In addition to his comments on Apple, Trump said on Twitter earlier in the day that his administration was "doing very well with China."

Apple's MacBook laptops and iPhones would not face the additional tariffs until December 15, but some of the company's other products, including its AirPods, Apple Watch and HomePod, would be subject to the levies on September 1.

Apple was not immediately available for comment outside normal business hours.

President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd.

President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of US tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd. Trump said Cook "made a good case" that tariffs could hurt Apple, given that Samsung`s products would not be subject to those same tariffs. Tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, are scheduled to go into effect in two stages on September 1 and December 15. By contrast, the United States and South Korea struck a trade agreement last September. "I thought he made a very compelling argument, so I`m thinking about it," Trump said of Cook, speaking with reporters at a New Jersey airport. US stock futures rose upon opening on Sunday after Trump's comments. In addition to his comments on Apple, Trump said on Twitter earlier in the day that his administration was "doing very well with China." Apple's MacBook laptops and iPhones would not face the additional tariffs until December 15, but some of the company's other products, including its AirPods, Apple Watch and HomePod, would be subject to the levies on September 1. Apple was not immediately available for comment outside normal business hours.

Apple CEO warns Trump about China tariffs, Samsung competition

The United States on June 17 will hold public hearings on President Donald Trump's proposal to put tariffs on another $300 billion in Chinese goods, according to a document published Monday.

The hearing is part of Trump's escalating trade offensive against Beijing. If the tariffs are imposed, they would make virtually all Chinese imports to the United States subject to steep, punitive duties.

Beijing on Monday fired its latest counter-salvo, raising tariffs on $60 billion in US exports in retaliation for Trump's decision to bump up duties on $200 billion in Chinese exports.

But Trump told reporters on Monday he had not yet decided whether to proceed with the $300 billion round.

"That is a tremendous amount of money that would come into our country," Trump said, reiterating his belief that duties are paid by trade adversaries, not US importers and consumers.

"I have not made that decision yet."

Members of the public, such as diplomats, trade bodies and individuals, also have until the hearing date to submit written comments before officials finalize the list of goods that face duties of up to 25 per cent, according to the US Trade Representative's office.

US trade with China hit record levels last year, with $540 billion in imports and $$120 billion in exports, according to the US Commerce Department.

The United States on June 17 will hold public hearings on President Donald Trump's proposal to put tariffs on another $300 billion in Chinese goods, according to a document published Monday.

The United States on June 17 will hold public hearings on President Donald Trump's proposal to put tariffs on another $300 billion in Chinese goods, according to a document published Monday. The hearing is part of Trump's escalating trade offensive against Beijing. If the tariffs are imposed, they would make virtually all Chinese imports to the United States subject to steep, punitive duties. Beijing on Monday fired its latest counter-salvo, raising tariffs on $60 billion in US exports in retaliation for Trump's decision to bump up duties on $200 billion in Chinese exports. But Trump told reporters on Monday he had not yet decided whether to proceed with the $300 billion round. "That is a tremendous amount of money that would come into our country," Trump said, reiterating his belief that duties are paid by trade adversaries, not US importers and consumers. "I have not made that decision yet." Members of the public, such as diplomats, trade bodies and individuals, also have until the hearing date to submit written comments before officials finalize the list of goods that face duties of up to 25 per cent, according to the US Trade Representative's office. US trade with China hit record levels last year, with $540 billion in imports and $$120 billion in exports, according to the US Commerce Department.

US to hold China tariffs hearing on June 17

President Donald Trump sent Asian markets plunging Monday after<a href="https://www.wionews.com/world/trump-announces-higher-us-tariffs-on-china-goods-216186"> threatening to hike tariffs on $200 billion of Chinese goods</a> at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers.

Shanghai and Hong Kong equities led big losses across the region, with the Chinese yuan also taking a battering after the president threw a spanner into the high-level negotiations, which many observers were expecting to wrap up imminently.

"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump tweeted Sunday night. "The 10% will go up to 25% on Friday."

The warning will throw a shadow over the next round of talks, with a delegation from Beijing due in Washington this week, with Bloomberg News reporting the Chinese side are considering their position.

The two sides have imposed tariffs on $360 billion in two-way trade since last year. But Trump and his Chinese counterpart Xi Jinping agreed to a truce in December, helping fan a surge across world stock markets for the past four months.

"Trump has taken the proverbial sledgehammer to the walnut this morning and the only two words likely to be on the minds of traders and investors this week are 'trade talks'," said OANDA senior market analyst Jeffrey Halley.

In morning trade Hong Kong tumbled 3.6 per cent and Shanghai was off more than five per cent as investors there returned for the first time since Tuesday.

Singapore was off three per cent and Taipei shed 1.8 per cent, while Sydney and Wellington were each one per cent down.

Manila and Jakarta were also sharply lower. Tokyo and Seoul were closed for holidays.

Yuan tumbles

"It’s making the outcomes more binary, with everybody focused on the Friday deadline," said Joyce Chang, chair of global research at JPMorgan Chase &amp; Co.

"There doesn’t seem to be much leeway now to much go past that. It's going to mean that investors will be very focused on the trade issues even beyond China," she told Bloomberg TV.

The yuan also took hiding, shedding more than 1.3 per cent at one point against the dollar, its heaviest fall in more than three years. The currency had been sitting around 10-month highs on the back of optimism the two sides would sign off on a trade pact.

"Investors will remain bearish on the yuan, as they reprice in trade war risks because the new developments are a reversal of previous positive progress," Ken Cheung, senior foreign-exchange strategist at Mizuho Bank. "The news was unexpected."

The flight to safety saw the dollar surge against higher-yielding, higher-risk units, with South Africa's rand off one per cent, the Mexican peso 0.9 per cent lower and the Australian dollar 0.6 per cent lower.

On oil markets, both main contracts were hammered more than two per cent by worries that a trade war between the world's top two economies could hit demand for the commodity.

Adding to weakness in the sector is the US drive to increase output, which comes as it reports rising stockpiles, which are offsetting unrest in Libya, tensions with Iran and production caps by OPEC and Russia.

However, while trading floors are awash with red, Stephen Innes at SPI Asset Management remained positive.

"We do know the president tends to retreat from more aggressive displays, so I am viewing this thinly veiled threat as political posturing or a tactical decision to apply more pressure on China to put through a trade deal that aligns with the best USA economic interest at heart.

"Despite US-China trade talks hitting an apparent impasse based on (the) tweet, I think a deal will be signed shortly."

Trump's outburst overshadowed another blockbuster US jobs report Friday that reinforced the view that the economy is in rude health, while measured wage inflation eased pressure on the Federal Reserve to hike interest rates.

President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers.

President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shanghai and Hong Kong equities led big losses across the region, with the Chinese yuan also taking a battering after the president threw a spanner into the high-level negotiations, which many observers were expecting to wrap up imminently. "For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump tweeted Sunday night. "The 10% will go up to 25% on Friday." The warning will throw a shadow over the next round of talks, with a delegation from Beijing due in Washington this week, with Bloomberg News reporting the Chinese side are considering their position. The two sides have imposed tariffs on $360 billion in two-way trade since last year. But Trump and his Chinese counterpart Xi Jinping agreed to a truce in December, helping fan a surge across world stock markets for the past four months. "Trump has taken the proverbial sledgehammer to the walnut this morning and the only two words likely to be on the minds of traders and investors this week are 'trade talks'," said OANDA senior market analyst Jeffrey Halley. In morning trade Hong Kong tumbled 3.6 per cent and Shanghai was off more than five per cent as investors there returned for the first time since Tuesday. Singapore was off three per cent and Taipei shed 1.8 per cent, while Sydney and Wellington were each one per cent down. Manila and Jakarta were also sharply lower. Tokyo and Seoul were closed for holidays. Yuan tumbles "It’s making the outcomes more binary, with everybody focused on the Friday deadline," said Joyce Chang, chair of global research at JPMorgan Chase & Co. "There doesn’t seem to be much leeway now to much go past that. It's going to mean that investors will be very focused on the trade issues even beyond China," she told Bloomberg TV. The yuan also took hiding, shedding more than 1.3 per cent at one point against the dollar, its heaviest fall in more than three years. The currency had been sitting around 10-month highs on the back of optimism the two sides would sign off on a trade pact. "Investors will remain bearish on the yuan, as they reprice in trade war risks because the new developments are a reversal of previous positive progress," Ken Cheung, senior foreign-exchange strategist at Mizuho Bank. "The news was unexpected." The flight to safety saw the dollar surge against higher-yielding, higher-risk units, with South Africa's rand off one per cent, the Mexican peso 0.9 per cent lower and the Australian dollar 0.6 per cent lower. On oil markets, both main contracts were hammered more than two per cent by worries that a trade war between the world's top two economies could hit demand for the commodity. Adding to weakness in the sector is the US drive to increase output, which comes as it reports rising stockpiles, which are offsetting unrest in Libya, tensions with Iran and production caps by OPEC and Russia. However, while trading floors are awash with red, Stephen Innes at SPI Asset Management remained positive. "We do know the president tends to retreat from more aggressive displays, so I am viewing this thinly veiled threat as political posturing or a tactical decision to apply more pressure on China to put through a trade deal that aligns with the best USA economic interest at heart. "Despite US-China trade talks hitting an apparent impasse based on (the) tweet, I think a deal will be signed shortly." Trump's outburst overshadowed another blockbuster US jobs report Friday that reinforced the view that the economy is in rude health, while measured wage inflation eased pressure on the Federal Reserve to hike interest rates.

Asian markets plunge as Trump threatens to hike China tariffs

The United States is delaying <a href="http://www.wionews.com/world/trump-says-china-has-agreed-to-cut-tariffs-on-us-made-cars-181113">a planned increase of tariffs on more than $200 billion in Chinese exports</a> after both sides hailed "substantial progress" made in trade talks.

US President Donald Trump also said Sunday that he planned to hold a summit with Chinese President Xi Jinping at his Florida estate Mar-a-Lago to ink a deal.

"I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues," Trump wrote on Twitter.

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet" data-lang="en">
I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very......
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1099800961089003522?ref_src=twsrc%5Etfw">February 24, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<blockquote class="twitter-tweet" data-lang="en">
....productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. &amp; China!
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1099803719435239426?ref_src=twsrc%5Etfw">February 24, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

After exchanging tit-for-tat tariffs on more than $300 billion in total two-way trade, Trump and Xi in December declared a truce and agreed to hold off on further tariffs or retaliation for 90 days.

Trump initiated the trade war, which ate into company profits and contributed to stock market plunges, because of complaints over unfair Chinese trade practices -- concerns shared by the European Union, Japan and others.

"As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. &amp; China!" Trump tweeted.

China's official Xinhua news agency echoed those sentiments, saying the two sides "made substantial progress on specific issues" such as the transfer of technology, intellectual property protection, non-tariff barriers, the services sector, agriculture and exchange rates.

The delegations "came a step closer to realizing the important consensus reached" by Trump and Xi when they agreed to the truce in December, it added.

The report said the parties also agreed to "carry out follow-ups in accordance with the instructions of the two heads of state."

Trump had already expressed optimism about the negotiations Friday after meeting with China's vice premier Liu He, who led the Chinese side for the talks that concluded Sunday.

Steps forward 
Tokyo stocks opened higher supported by optimism over the deal that also lifted US shares. The benchmark Nikkei 225 index gained 0.59 percent, or 125.58 points, at 21,551.09 in early trade, while the broader Topix index was up 0.58 percent, or 9.32 points, at 1,618.84.

The dollar fetched 110.76 yen in early Asian trade, against 110.75 yen in New York Friday.

In Tokyo, some China-linked shares were higher, with construction machinery maker Komatsu up 1.71 percent at 2,873 yen and electronic parts maker Rohm up 2.05 percent at 7,460 yen.

Xi also struck a positive tone in a letter Liu delivered to Trump, saying he hoped the negotiations would be held in a "win-win" spirit that would lead to a mutually beneficial agreement.

The Chinese president expressed hope that the talks maintain "a mutually respectful, cooperative and win-win attitude" and lead to a "mutually beneficial" agreement.

Trump said Friday that an agreement on currency manipulation will be included in the trade pact, but otherwise few details have been made public.

The seven-month-old trade war has rattled global markets and prompted stark warnings about the risks to the world economy.

Analysts say the two sides are likely to trumpet mutual agreements to resolve the easier parts of the trade dispute -- increasing purchases of American goods, more open investment in China and tougher protections for intellectual property and proprietary technology.

The harder parts covering issues such as scaling back China's ambitious industrial strategy for global preeminence, meanwhile, are another question.

Beijing has reportedly proposed a significant increase in its imports of US energy and agricultural exports. Still, a broader deal could be difficult given the US demands for far-reaching structural changes.

China's retaliation has hit US farm exports hard. The US Agriculture Department estimated this month that US soy exports would not return to their pre-trade war levels for another six years.

The United States is delaying a planned increase of tariffs on more than $200 billion in Chinese exports after both sides hailed "substantial progress" made in trade talks.

The United States is delaying a planned increase of tariffs on more than $200 billion in Chinese exports after both sides hailed "substantial progress" made in trade talks. US President Donald Trump also said Sunday that he planned to hold a summit with Chinese President Xi Jinping at his Florida estate Mar-a-Lago to ink a deal. "I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues," Trump wrote on Twitter. I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very...... — Donald J. Trump (@realDonaldTrump) February 24, 2019 × ....productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China! — Donald J. Trump (@realDonaldTrump) February 24, 2019 × After exchanging tit-for-tat tariffs on more than $300 billion in total two-way trade, Trump and Xi in December declared a truce and agreed to hold off on further tariffs or retaliation for 90 days. Trump initiated the trade war, which ate into company profits and contributed to stock market plunges, because of complaints over unfair Chinese trade practices -- concerns shared by the European Union, Japan and others. "As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!" Trump tweeted. China's official Xinhua news agency echoed those sentiments, saying the two sides "made substantial progress on specific issues" such as the transfer of technology, intellectual property protection, non-tariff barriers, the services sector, agriculture and exchange rates. The delegations "came a step closer to realizing the important consensus reached" by Trump and Xi when they agreed to the truce in December, it added. The report said the parties also agreed to "carry out follow-ups in accordance with the instructions of the two heads of state." Trump had already expressed optimism about the negotiations Friday after meeting with China's vice premier Liu He, who led the Chinese side for the talks that concluded Sunday. Steps forward Tokyo stocks opened higher supported by optimism over the deal that also lifted US shares. The benchmark Nikkei 225 index gained 0.59 percent, or 125.58 points, at 21,551.09 in early trade, while the broader Topix index was up 0.58 percent, or 9.32 points, at 1,618.84. The dollar fetched 110.76 yen in early Asian trade, against 110.75 yen in New York Friday. In Tokyo, some China-linked shares were higher, with construction machinery maker Komatsu up 1.71 percent at 2,873 yen and electronic parts maker Rohm up 2.05 percent at 7,460 yen. Xi also struck a positive tone in a letter Liu delivered to Trump, saying he hoped the negotiations would be held in a "win-win" spirit that would lead to a mutually beneficial agreement. The Chinese president expressed hope that the talks maintain "a mutually respectful, cooperative and win-win attitude" and lead to a "mutually beneficial" agreement. Trump said Friday that an agreement on currency manipulation will be included in the trade pact, but otherwise few details have been made public. The seven-month-old trade war has rattled global markets and prompted stark warnings about the risks to the world economy. Analysts say the two sides are likely to trumpet mutual agreements to resolve the easier parts of the trade dispute -- increasing purchases of American goods, more open investment in China and tougher protections for intellectual property and proprietary technology. The harder parts covering issues such as scaling back China's ambitious industrial strategy for global preeminence, meanwhile, are another question. Beijing has reportedly proposed a significant increase in its imports of US energy and agricultural exports. Still, a broader deal could be difficult given the US demands for far-reaching structural changes. China's retaliation has hit US farm exports hard. The US Agriculture Department estimated this month that US soy exports would not return to their pre-trade war levels for another six years.

Trump says he is delaying tariff increase on Chinese goods

china-tariff-0

China Tariff, News on China Tariff, stories on China Tariff, articles on China Tariff, China Tariff stories at Wion, China Tariff news, China Tariff latest news

china tariff-0