Hamartia Antidote
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https://www.bloomberg.com/news/articles/2018-08-01/new-tariffs-loom-as-china-decries-blackmail
When it comes to coaxing China back to the trade negotiation table, the Trump administration is favoring the stick over the carrot. And China is tired of it.
The additional levies that President Donald Trump has threatened on $200 billion of Chinese goods may rise to 25 percent from 10 percent, Jenny Leonard and Jennifer Jacobsreport.
The U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends today.
The latest effort to ratchet up the pressure on Beijing comes as representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He work behind the scenes on restarting talks that stalled nearly two months ago.
In a sign the standoff is reverberating in China, the Politburo signaled yesterday that policy makers will focus more on supporting economic growth and noted “blackmailing and pressuring” will never work.
One person familiar with the deliberations said the U.S. is trying to secure certain concessions and if China agrees, it’s possible Trump would back off additional tariffs.
The other path is likely one of continued escalation.
When it comes to coaxing China back to the trade negotiation table, the Trump administration is favoring the stick over the carrot. And China is tired of it.
The additional levies that President Donald Trump has threatened on $200 billion of Chinese goods may rise to 25 percent from 10 percent, Jenny Leonard and Jennifer Jacobsreport.
The U.S. imposed 25 percent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ends today.
The latest effort to ratchet up the pressure on Beijing comes as representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He work behind the scenes on restarting talks that stalled nearly two months ago.
In a sign the standoff is reverberating in China, the Politburo signaled yesterday that policy makers will focus more on supporting economic growth and noted “blackmailing and pressuring” will never work.
One person familiar with the deliberations said the U.S. is trying to secure certain concessions and if China agrees, it’s possible Trump would back off additional tariffs.
The other path is likely one of continued escalation.
