Is Trump Serious About Trade War? China's Leaders Hunt for Answers

Is Trump Serious About Trade War? China's Leaders Hunt for Answers

Against the backdrop of recent tensions, customs bureau spokesman Huang Songping repeated China's line that it is not looking for an advantage over its trading partners.

The speech at the Boao Forum for Asia in the southern province of Hainan had been widely anticipated as one of Xi's first major addresses in a year in which the ruling Communist Party marks the 40th anniversary of its landmark economic reforms and opening up under former leader Deng Xiaoping.

Sales of new energy vehicles, mainly comprising electric and hybrid vehicles, jumped by over 117% year on year to 68,000 units last month. If Trump cuts off the firehose of revenue from cheap goods, products that are dumped on the US market, the ChiComs are done.

Xi's renewed pledges to open up the auto sector come after Trump on Monday criticised China on Twitter for maintaining 25 percent auto import tariffs compared to the United States' 2.5 percent duties, calling such a relationship with China not free trade but "stupid trade".

But analysts said the trade threats may already be having an impact on exporters' activity.

"The sharp decline in March export growth after very solid performance in January and February suggests some exporters may have front-loaded exports (early) this year due to concern over the possibility of a Sino-US trade war after the US hiked tariffs on global imports on solar panels and washing machines", said Lisheng Wang, an economist at Nomura in Hong Kong.

Honda's sales fell by 13% to 97,587 units in March with the brand hindered by engine problems which forced it to temporarily suspend sales of CRV and Civic models produced at its Dongfeng Honda Automobile joint venture last month.

Trump is right. We have a half-trillion dollar trade deficit with China.

The 25 percent increase would turn Cixin's profits to losses in the USA market, which takes 30 percent of its exports, according to Wang Liqiang, a company manager.

Blake Shelton Thinks About Marrying Gwen Stefani (But Not All The Time)
Bryan spoke about the couple during an interview with Entertainment Tonight where he poked fun at Stefani's poor eyesight. Shelton and Stefani were the couple of the evening at the 2018 American Country Music Awards on Sunday evening, April 15.

China registered a rare deficit of $4.98 billion with the rest of the world last month owing to seasonal factors such as the Lunar New Year holiday.

"As the world's second largest economy, China played a crucial role in lowering the risks from world economic volatility with its stable growth", the NBS said. Trump's vow to slap higher tariffs on some Chinese goods in retaliation for unfair trade practices by that country seems to have paid off.

Imports of commodities continued to lead the way in March, with shipments of copper, crude oil, iron ore and soybeans all rising from the previous month.

China's exports rode a global trade boom a year ago, expanding at the fastest pace since 2013 and serving as one of the key drivers behind the economy's forecast-beating 6.9 percent expansion.

China's tech sector, which is key part of Beijing's longer-term "Made in China 2025" strategy to move from cheap goods to higher-value manufacturing, may be particularly vulnerable.

State broadcaster China Central Television showed footage of Xi boarding the destroyer Changsha and navigating to an unspecified location in the South China Sea and reviewing the naval maneuver.

"Chinese experts do not understand the current state of the United States", said Jie Zhao, a professor at the China Executive Leadership Academy Pudong, which trains senior civil servants in Shanghai.

Hi-tech products have been among its fastest growing export segments.

Related Articles

  • Antonio Conte Angered By Chelsea's Lack of Desire in First Half

    Antonio Conte Angered By Chelsea's Lack of Desire in First Half

    Dusan Tadic and debutant Jan Bednarek put Southampton in position to record a first home win in the Premier League since November. Conte swiftly responded by hauling off the disappointing Alvaro Morata and Davide Zappacosta for Pedro Rodriguez and Giroud.
    Ryzen 7 2700X and Ryzen 5 2600X Overclock to 5.88 GHz

    Ryzen 7 2700X and Ryzen 5 2600X Overclock to 5.88 GHz

    The 2600X and 2600 in the Ryzen 5 range are priced at United States dollars 229 (INR 14,932) USD 199 (INR 12,975), respectively. What's really interesting here is that at 1080p, the AMD Ryzen 7 2700X was able to come really close to the Intel i7 8700K.
    Nokia X is gunning for the iPhone X crown

    Nokia X is gunning for the iPhone X crown

    HMD Global has at the MWC announced 4 new Nokia smartphones and the devices have started going global starting this month. In terms of performance, the Nokia 6 (2018) edition will give you super smoother and faster performance with great UI.
  • Fifa task force arrives to inspect 2026 candidate Morocco

    Fifa task force arrives to inspect 2026 candidate Morocco

    Morocco is vying to stage the world's biggest football prize against a joint bid by Canada , Mexico and the US. South Africa hosted the tournament in 2010, beating Morocco and Egypt in a vote.
    British PM May defends strikes in Syria

    British PM May defends strikes in Syria

    Corbyn said May should remember she "is accountable to this Parliament, not to the whims of the USA president". May has emphasized that the strikes were "limited" to only target Damascus's chemical weapons program.
    Two Koreas to discuss announcing official end to war, report says

    Two Koreas to discuss announcing official end to war, report says

    South Korea has listed 3 main issues to be discussed at its summit with North Korea next week. Kim reportedly invited Xi to North Korea during his visit to China in late March.
  • Cleared of rape, Jackson will never play for Ireland again

    Cleared of rape, Jackson will never play for Ireland again

    Both players were acquitted of all charges, but it was decided they were to be let go due to their behaviour regardless. Mr Logan insisted sponsorship money did not have any impact on the club's decision.

    IShares MSCI Brazil Small-Cap (EWZS) Declines 1.32% for April 15

    According to Zacks, " MSCI Inc.is an independent provider of research-driven insights and tools for institutional investors". Cerebellum GP LLC acquired a new stake in shares of MSCI during the fourth quarter valued at approximately $125,000.
    Titanium Blockchain (CRYPTO:BAR) Price Down 15% Over Last Week

    Titanium Blockchain (CRYPTO:BAR) Price Down 15% Over Last Week

    Investors can then use their newly-acquired Bitcoin or Ethereum to buy Loopring using one of the aforementioned exchanges. ZClassic can be purchased on these cryptocurrency exchanges: Bittrex, Cryptopia, CoinExchange and Trade Satoshi.
  • Facebook class action looms over facial recognition software

    Facebook class action looms over facial recognition software

    Since its launch back in 2014, Bumble has relied on Facebook to make the registration and login easier and faster. Users sued in 2015 in a class-action lawsuit, which finally came into legal fruition earlier today, so to speak.
    Android 8.1 Oreo Update Arrives To The OnePlus 5 & 5T

    Android 8.1 Oreo Update Arrives To The OnePlus 5 & 5T

    One of the most interesting features that is being introduced to the OnePlus 5T with OxygenOS 5.1.0 is gesture navigation. This isn't applicable to the OnePlus 5 , since the phone has off-screen hardware-based navigation keys below the screen.

    Two Stocks in Concentration: Facebook, Inc. (FB), Cisco Systems, Inc. (CSCO)

    Cisco Systems, Inc . (NASDAQ: CSCO ) stock slipped -$0.34 lower during the regular trading session on Friday, hitting $43.00. The firm owned 51,676 shares of the network equipment provider's stock after selling 1,343 shares during the period.