Threats and pressure are not the right way to deal with China, a foreign ministry spokesperson said on Monday when asked about U.S. President Donald Trump’s “reciprocal tariffs”. The tariffs are “typical unilateral and protectionist bullying“, spokesperson Lin Jian told a regular press conference, adding that U.S. tariffs in the name of reciprocity only serve…
A common maxim of trade wars is that the best retaliation is not to retaliate at all. Such conflicts, after all, are counterproductive in the first place. Raising levies on imports simply increases costs for domestic consumers, more than offsetting the benefits that local producers may enjoy from the higher prices they receive from the…
Donald Trump shakes hands with China’s President Xi Jinping during a meeting in 2019 (File photo) US President Donald Trump announced on Monday that Chinese counterpart Xi Jinping would likely be visiting the United States in the near future, amidst escalating trade disputes between the two largest global economies over Trump’s tariff policies.“He’ll be coming…
US President Donald Trump, after assuming office on Monday, said that is set to have discussions with Chinese President Xi Jinping. This came after the two leader had a phone call on Friday over issues including TikTok, trade and Taiwan.“We’re going to have meetings and calls with President Xi,” Trump said. During his campaign, Trump…