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Xi Jinping, China and Donald Trump

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As they took in the news, experts warned that the country’s garment industry, which accounts for more than half of export revenues and sells most of its wares into America, would be devastated.
From The Economist
China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president...
From Reuters
“China is willing to resolve differences through consultation and negotiation, but if the U.S. insists on its own way, China will fight to the end,” Wang said.
From The Hill

Read more on News Digest

Why China's Xi Jinping is playing hardball with Trump on tariffs: ANALYSIS
Xi Jinping is playing hardball. The Chinese president wants to show his people that the country can withstand the economic pain from President Donald Trump's tariffs and stand up to what Beijing is calling America's "bullying,
Donald Trump's Rare Praise For Xi Jinping As US, China Go Head-to-Head on Tariffs: 'Smart Guy'
Two big economies of the world are at war, with the US levying 125% on Chinese imports and China responding with 84% tariffs. Will it get stretched further, or will the two sides have a dialogue soon?
Xi Jinping may try to woo the victims of Donald Trump’s tariffs
C ambodians awoke on April 3rd to learn that their exports to America would face tariffs of 49%. As they took in the news, experts warned that the country’s garment industry, which accounts for more than half of export revenues and sells most of its wares into America,
China raises duties on US goods to 125%, calls Trump tariff hikes a 'joke'
China hiked its levies on imports of U.S. goods to 125% on Friday, hitting back at Donald Trump's decision to single out the world's No.2 economy for higher duties, while dismissing the U.S. president's tariff strategy as "a joke.
China raises tariffs on U.S. goods to 125%; says it will 'ignore' Trump if he persists
China raised tariffs on U.S. goods from 84% to 125% in the latest round of tit-for-tat blows in an escalating trade war but said further tariff hikes would be pointless as U.S. goods were already pric
Live Q&A: What’s Next for China as Xi and Trump Face a Tariff Showdown
Xi Jinping and Donald Trump have found themselves locked in a standoff as tensions over US tariffs worsen an already-strained relationship. How has China reacted so far and what’s next? Join Bloomberg’s Daniel Ten Kate,
China reaches out to others as Trump layers on tariffs
China is reaching out to other nations as the U.S. layers on more tariffs in what appears to be an attempt to form a united front to compel Washington to retreat. Days into
Next-day assessment of Trump's tariff delay focuses on still-existing charges on China
Many market participants walked into Thursday's trading session with a colder, next-day look on President Donald Trump's 90-day delay on tariffs against most countries except China. The ICE U.S. Dollar Index was down 1.
President Donald Trump pauses new tariffs, but China remains excluded
Amid a 90-day pause on new tariffs, China stands as the exception, retaliating with its own measures. Dr. Evan Levine tackles a drug that is often prescribed to help children perform better — a phenomenon he calls "borderline child abuse.

Trump, China and tariff

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Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing."
From ABC News
Even after Trump's U-turn on Wednesday that paused steep new tariffs on about 60 nations for 90 days, average U.S. duties remain much higher than a couple of months ago.
From U.S. News & World Report
China's Ministry of Finance announced Friday that Beijing will increase tariffs on all U.S. goods from 84% to 125%, in response to the U.S. "imposition of abnormally high tariffs on China."
From ABC

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Trump tariffs live updates: WH dodges on why Trump hasn't initiated talks with Xi
In a dramatic move Wednesday, Trump authorized a 90-day pause in the higher tariffs for most countries he announced last week while maintaining a 10% universal tariff.
China hits back at Trump tariff hike, U.S. stands its ground
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.
Trump pauses steeper tariffs for most countries, while hiking levies on China. Here’s what we know.
A number of import taxes are still in place, and with many back-and-forth tariff actions and threats, it can be tough to keep track of where things stand.
Trump's Tariffs Threaten to End Quarter-Century Era of Cheap Goods for U.S. Consumers
President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months
BBC OS Conversations: The impact of Trump's tariffs
Donald Trump’s decision to slap tariffs on global trade has sent the world reeling. Stock markets have tanked. Gloomy economists have hit the airwaves. Governments, their backs against the wall, have responded with either stoic resignation or threats of revenge.
The bond market is acting weird. It spooked Trump
Global markets are reeling over President Donald Trump’s haphazard approach to tariffs and an escalating trade war with China. Stocks have been volatile, and an unsettling shift has emerged in the bond market.
Trump tariffs live updates: White House dodges questions on negotiations with China
Trump defended the tariffs he imposed on other nations but acknowledged some problems with the rollout in a meeting with his Cabinet, "but in the end it's going to be a beautiful thing." Meanwhile, the White House raised the tariffs on all Chinese exports to 125% after Beijing's latest round of retaliation -- that's in addition to the 20% fentanyl-related tariffs imposed in early February,
Trump had five tariff goals - has he achieved any of them?
Donald Trump announced a massive tariff plan last week that would have upended the global economic order as well as long-established trading relationships with America's allies. But that plan - or at least a significant part of is - is on ice after the president suspended higher tariffs on most countries for 90 days while leaning into a trade war with China.
Where Things Stand for Trump in Global Tariff Battle
In the aftermath of Wednesday’s tariff whiplash, President Donald Trump is deciding exactly what he wants out of trade talks with as many as 75 nations in the coming weeks
Trump is waiting for Xi to call. The Chinese see it differently
A tariff reprieve from President Donald Trump sent global markets soaring on Wednesday, with the White House saying it’s been in touch with dozens of countries about striking deals, lining up calls and meetings in the coming weeks.
Xi Jinping Breaks Silence on US Tariff War
Chinese leader Xi Jinping has broken his silence on the deepening trade war with the United States, saying there will be "no winners." He warned President Donald Trump that China is "not afraid"—and shortly after his statement,
Trump-Xi Truce Appears Elusive as China Prepares to Dig In
President Donald Trump has floated talks with his Chinese counterpart more than half a dozen times since the trade war started. But prospects look remote, even as their tariff fight appears to have peaked.
RBC Ukraine on MSN1h
Trump's officials failed to stop China from imposing retaliatory tariffs, sources say
Officials in the administration of US President Donald Trump tried to persuade Chinese officials not to impose retaliatory tariffs against the United States, but their efforts were unsuccessful, CNN reports.
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