Late Monday, President Donald Trump announced tariffs on "Roughly $200 billion of imports from China." These tariffs are on top of the ones imposed this summer on $50 billion of products from that country.
To prevent a new round of tariffs, an unnamed "Senior official who advises the leadership on foreign policy matters" over the weekend dropped hints that, if the White House went ahead with the tariffs, China would not send representatives to Washington for the planned late-September meeting.
Chinese officials like Lou Jiwei, the head of China's social security fund, also threatened not to sell components to American manufacturing companies in the country.
For four decades, Washington policymakers thought the United States should support China's Communist Party.
Last year, China's merchandise trade surplus against the United States hit a record $375.6 billion.
Despite all the triumphalist talk in the Chinese capital, China needs foreign technology and knowhow and perhaps even foreign money.
A few years ago, China suffered from persistent deflation.
https://nationalinterest.org/feature/trumps-great-wall-tariffs-31482
To prevent a new round of tariffs, an unnamed "Senior official who advises the leadership on foreign policy matters" over the weekend dropped hints that, if the White House went ahead with the tariffs, China would not send representatives to Washington for the planned late-September meeting.
Chinese officials like Lou Jiwei, the head of China's social security fund, also threatened not to sell components to American manufacturing companies in the country.
For four decades, Washington policymakers thought the United States should support China's Communist Party.
Last year, China's merchandise trade surplus against the United States hit a record $375.6 billion.
Despite all the triumphalist talk in the Chinese capital, China needs foreign technology and knowhow and perhaps even foreign money.
A few years ago, China suffered from persistent deflation.
https://nationalinterest.org/feature/trumps-great-wall-tariffs-31482
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