Tag: trade war

A worker at the China Petroleum & Chemical Corp. (Sinopec) Yanshan refinery escorts journalists in Beijing.

China Blinks in Trade War, Drops Oil from Retaliatory U.S. Tariff List

The latest broadside fired by China in its trade war with the United States was a list of $16 billion in American imports subjected to a 25 percent retaliatory tariff. One major item that was supposed to be on the list was quietly removed: oil. Analysts wonder if this conspicuous omission is a sign China is blinking in its economic staredown against the Trump administration.

Chinese President Xi Jinping attends a summit at the Belt and Road Forum on May 15, 2017 in Beijing, China. The Belt and Road Forum focuses on the One Belt, One Road (OBOR) trade initiative. (Photo by Thomas Peter - Pool/Getty Images)

Trade War with U.S. Opens Rift in Chinese Leadership

Several sources close to the Chinese government said an escalating trade war with the United States is creating serious divisions in Beijing, all the way up to the office of the seemingly unassailable President Xi Jinping, according to a Reuters report Thursday.

China's President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. / AFP PHOTO / FRED DUFOUR (Photo credit should read FRED DUFOUR/AFP/Getty Images)

Exclusive – David P. Goldman: Tariffs Are Not Enough to Beat China; U.S. Needs to ‘Seize Technological Leadership’

Columnist and author David P. Goldman discussed the trade war with China with SiriusXM hosts Rebecca Mansour and Joel Pollak on Tuesday’s Breitbart News Tonight. Although he is a supporter of President Donald Trump and believes China presents “the most dire problem we face in the world,” he warned the administration may be underestimating China’s economic strength.

China's President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. / AFP PHOTO / FRED DUFOUR (Photo credit should read FRED DUFOUR/AFP/Getty Images)

China Instructs State Media Not to Provoke Trump During Trade Dispute

Reuters contended on Wednesday that Chinese media coverage of the trade dispute with America has been relatively muted, and it was by design because the government has instructed its media outlets not to say anything that would enrage U.S. President Donald Trump.

harley davidson

EU Introduces Tariffs on U.S. Peanuts, Motorcycles, Whiskey

BRUSSELS (AP) — The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that’s likely to intensify over the next few weeks. The EU tariffs on

Canadian Prime Minister Justin Trudeau is caught in a political crisis over the expansion of an oil pipeline

Enraged Canada Vows Tariffs Retaliation

“It is simply ridiculous to view any trade with Canada as a national security threat to the US and we will continue to stand up for Canadian workers & Canadian businesses,” Canada’s prime minister said in a tweet.

China on Monday imposed new tariffs on 128 US imports worth $3 billion, including fruits and pork, in retaliation to US duties on steel and aluminium, fuelling fears of a trade war

China Strikes Back, Aims Tariffs at American Farmers

China imposed tariffs on U.S. farm goods and other commodities, making good on its promise to retaliate against the Trump administration’s penalties on imports of steel and aluminum.