China is running out of options to hit back at the United States without hurting...
BEIJING - China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.
As the pressure mounts, Chinese leaders are pressing ahead to seal a deal and avoid a drawn-out trade war that risks stalling China’s long-term economic development, according to people familiar with their thinking. Since July last year, China has cumulatively imposed additional retaliatory tariffs of up to 25 percent on about $110 billion of U.S. goods.
But China does not have as much leverage over the United States as it might seem because large parts of that surplus are in tourism and education, areas that would be more difficult for the Chinese government to significantly roll back, James Green, a senior adviser at McLarty Associates, told Reuters.
After trade negotiations hit a wall last week and led to the imposition of new tariffs, Chinese state media has stepped up nationalist rhetoric, vowing that China won’t be bullied.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. and China at impasse over trade, Kudlow says new tariffs will remainThe United States and China appeared at a deadlock over trade negotiations on Su...
Lire la suite »
China defiant toward U.S. on trade, Kudlow urges strong enforcement stepsThe United States and China appeared at a deadlock over trade negotiations on Su...
Lire la suite »
As tariff hike looms, China asks U.S. to meet it halfway, denies backtrackingChina appealed to the United States to meet it halfway to salvage a deal that co...
Lire la suite »
U.S.-China trade talks stall over draft deal revisions: sourcesThe United States and China made no progress in trade talks this week in Washing...
Lire la suite »
China, U.S. agree to hold more trade talks: Vice Premier Liu HeChina and the United States have agreed to hold more trade talks in Beijing, Vic...
Lire la suite »
China, U.S. agree to hold more trade talks - Vice Premier Liu HeChina and the United States have agreed to hold more trade talks in Beijing, Vic...
Lire la suite »
China, U.S. have 'wisdom' to resolve trade dispute, says Beijing's top diplomatChina and the United States both have the 'ability and wisdom' to reac...
Lire la suite »
China, U.S. have 'wisdom' to resolve trade dispute, says senior diplomatChina and the United States both have the 'ability and wisdom' to reach a trade deal that is good for both, says Beijing's top diplomat
Lire la suite »
Daily Briefing: Trade headwinds from U.S.-China row alarm EuropeDaily Briefing: - U.S. increases tariffs on Chinese goods - U.S.-China trade spat is biggest threat to world growth - French finance minister - European Union intends to keep agriculture off the trade talks agenda - EU commissioner
Lire la suite »
China says 'fed up' with hearing U.S. complaints on Belt and RoadChina is 'fed up' with hearing complaints from the United States about...
Lire la suite »
Without U.S.-China trade war, copper price would be higher: Antofagasta chairmanA trade war between the United States and China is depressing the price of coppe...
Lire la suite »