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US intelligence report: China will have the world’s most powerful naval gun ready for war by 2025

“China is currently testing the world’s most powerful naval gun and people with direct knowledge of a U.S. intelligence report say it will be ready for war by 2025” writes Amanda Macias for cnbc.com. The rounds used in China’s railgun cost between $25,000 and $50,000 each, according to the intelligence assessment. Source: cnbc.com Share This:

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Chinese stocks under pressure from Trump’s trade tactics, ETF posts worst losing streak in six years

“An exchange-traded fund tracking shares of large Chinese companies traded in Hong Kong has posted its longest losing streak since 2012” writes unknown author for cnbc.com. President Donald Trump said late Monday that he has asked the U.S. trade representative to identify $200 billion worth of Chinese goods for an additional 10 percent tariff. Source: cnbc.com Share This:

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A Contemplation on Washington-Beijing Trade War

“In other words, Washington and Beijing are going to enter a full-fledged trade war during the presidency of Donald Trump” reports tehrantimes.com. Economic unilateralism and the pursuit of protectionist policies are two main indicators of Trump’s economic approach in the field of global trade and international economics.In such a situation, the United States full-fledged trade war with Beijing can be interpreted as a major business and economic mistake.Finally, the adoption of unilateral protectionist policy by the Trump’s government will be followed by the Chinese retaliatory measures, which will further lead…

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News Oil 

China to reduce U.S. oil imports post-September amid trade spat: sources

“Beijing has put U.S. energy products, including crude oil and refined products, on lists of goods that it will hit with import taxes in retaliation for similar moves by Washington” reports businessinsider.com. A top trading executive with Sinopec told Reuters the state refiner will maintain its usual import volumes for July-loadings, but can’t commit to bookings further out.Beijing did not specify when it will impose a 25 percent tax on oil, and that gives buyers time to adjust purchases while waiting for the outcome of trade talks, the sources said.Nevertheless,…

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Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs

“Last week it included both categories in a second round of tariffs to be imposed on July 6” reports businessinsider.com. “The additional tariff will put us out of business,” said Zhong Zheng, founder of China-based Heartland Brothers, which sells U.S.-produced Berkshire pork to Chinese supermarkets and restaurants.Do we produce for the Chinese market when the tariffs may go up significantly July 6?”. Chinese customers had informed him on Wednesday that the latest tariff would replace the earlier one, he added. Source: businessinsider.com Share This:

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Washington’s ‘capricious’ trade actions will hurt U.S. workers, China warns

“It is deeply regrettable that the U.S. has been capricious, escalated the tensions, and provoked a trade war,” Gao said” writes Midwest Communications Inc for 95kqds.com. None of the U.S. administration’s efforts to negotiate with Beijing has yielded progress on changing China’s “predatory” trade practices, Navarro said.BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”. Source: 95kqds.com Share This:

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China accuses Washington of ‘capricious’ trade actions

“It is deeply regrettable that the U.S. has been capricious, escalated the tensions, and provoked a trade war,” he said” writes Li Huisi for cnbc.com. China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.”. President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliates against his previous announcement to target $50 billion…

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China commerce ministry: U.S. is unpredictable, U.S. workers to be hurt ultimately

“BEIJING (Reuters) – China’s commerce ministry on Thursday accused the United States of being temperamental over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt” writes Midwest Communications Inc for 95kqds.com. China believes its previous trade negotiations with the United States were positive and constructive, but because the U.S. government is being unpredictable and challenging, Beijing has had to respond in a strong way, commerce ministry spokesman Gao Feng said. Source: 95kqds.com Share This:

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China could strike back at Dow-listed firms over trade: Global Times

“BEIJING (Reuters) – China could hit back at U.S. firms listed on the Dow Jones Industrial Average if U.S. President Donald Trump keeps exacerbating tensions with China over trade, state-controlled Chinese tabloid The Global Times said on Thursday” writes Midwest Communications Inc for 95kqds.com. “If Trump continues to escalate trade tensions with China, we cannot rule out the possibility that China will strike back by adopting a hard-line approach targeting Dow Jones index giants,” the Global Times said in a commentary.The world’s two biggest economies seemed increasingly headed towards open…

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In Trump’s trade war, developing countries are caught in the crossfire

“There is no question that the emerging countries, taken as a whole, will grow more swiftly than developed countries” writes Hamish Mcrae for independent.co.uk. Fourth, trade matters to the emerging world in ways that we don’t really think much about in the West.The evolving trade tensions of the world are essentially between its two largest economies, the United States and China. Source: independent.co.uk Share This:

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