Quotes
I am hoping to see a more defined US foreign policy unfold that springs from strategic blueprint rather than reactions to discrete events,
Watkins said
The only certainty is that new tariffs will be costly for the United States. While the ultimate impact on prices will depend on import demand and supply elasticities, research on the US-China trade war found resounding evidence of complete pass-through of tariffs to importers,
according to another analysis published by PIIE in DecemberTime will tell if actual legislation will be passed or it is more a negotiating ploy to gain the upper hand over China,
Tom Watkins, former Michigan state superintendent of education, told China Daily
This legislation will safeguard US national security, enhance supply chain resilience, and bring manufacturing jobs back to America and our allies,
said Representative John Moolenaar, a Michigan RepublicanIf the US imposed an additional 10 percent tariff on China and China responded in kind, US GDP would be $55 billion less over the four years of the second Trump administration, and $128 billion less in China."
In an analysis published on Jan 17 by the Peterson Institute for International Economics in Washington, the authors Warwick J. McKibbin, an Australian economics professor, and Marcus Noland, executive vice-president of PIIE, wroteIt's hard to know exactly what U.S. President Donald Trump was getting at with his latest comments on China tariffs ... That said, it's difficult to see Trump backing down from his tariff threats."
Chang Shu, chief Asia economist at Bloomberg Economics, said
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We have repeatedly stated our position on this matter. China-U.S. economic and trade cooperation is mutually beneficial and win-win. Differences and frictions should be resolved through dialogue and consultation. Trade wars and tariff wars have no winners, do not serve the interests of any party, and are not beneficial to the world."
Asked to respond to the president's remarks during the Chinese Foreign Ministry's regular press conference Friday, spokesperson Mao Ning saidThere is no winner in a trade war or tariff war, which serves the interests of neither side nor the world,
Mao noted
China-US economic and trade cooperation is mutually beneficial,
foreign ministry spokesperson Mao Ning said
Trade wars and tariff wars have no winners and don’t serve anyone’s interests or the world’s interests,
she addedWe have one very big power over China, and that’s tariffs, and they don’t want them, and I’d rather not have to use it. But it’s a tremendous power over China,
he said in an interview with Fox News which aired on Thursday in the United States
I can do that because we have something that they want, we have a pot of gold."
Asked in an interview with Fox News if he could make a deal with Chinese leader Xi Jinping on Taiwan and trade, Trump replied