Quotes
I will never support the idea of fighting allies,
Danish Prime Minister Mette Frederiksen said Monday I’ll help America take on China.”
They probably sought the job thinking I wouldn’t say Trump went easy on China by just having 10 per cent tariffs. He worked out deals with Canada and Mexico to pause their tariffs, but the tariffs on China went ahead as planned, and he has said multiple times that additional tariffs are forthcoming,
Doing so sends a message that he’s serious, which gives him negotiating leverage, without getting too far ahead of his team’s ongoing review of US-China trade that presumably will help inform future tariff plans,
Raising the costs of those imports would be hard for those firms,
If a similar deal isn’t reached, then I think it has the potential to be fairly intense,
said Clark Packard, research fellow at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies We still expect the US will levy more tariffs on China later this year as part of its larger trade policy goals,
they said in a note to clients on Tuesday I’m in no rush,
Trump told reporters that day It’s really hard to put numbers on these effects — but they would be appreciable by any measure,
A key takeaway from this development, at least for now, is that fundamentally there is less risk implied than expected before,
However, escalation of the trade war remains a risk given Trump's history of unpredictable behaviour. Therefore, the volatility risk remains on the table for the next four years at least,
China's retaliatory tariffs are a calibrated response rather than an outright escalation,
Julien Chaisse, professor at City University of Hong Kong specialising in international economic law, told Al Jazeera We have offered the United States of America the opportunity to outsource part of its prison system. We are willing to take in only convicted criminals (including convicted U.S. citizens) into our mega-prison (CECOT) in exchange for a fee. The fee would be relatively low for the U.S. but significant for us, making our entire prison system sustainable."
That said, much will depend on Washington's interpretation of these measures. If the US views them as a calibrated step leaving room for negotiation, this could set the stage for discussions rather than further escalation. However, if Trump sees this as a direct challenge, his administration could respond with additional trade restrictions. This would intensify the conflict,
If talks between the two take place in the coming days, there is room for adjustments, partial exemptions or reciprocal gestures that could prevent a further spiral in trade tensions,
Regarding China's counter measures, we think that the tariffs are less than what we had expected in our view. The move is largely symbolic given that only about 12% of total imports from the US would be subject to tariffs,
said Kai Wang, Asia equity market strategist at Morningstar Even if the two countries can agree on some issues, it is possible to see tariffs being used as a recurrent tool, which can be a key source of market volatility this year,
said Gary Ng, senior economist at Natixis in Hong Kong The measures are fairly modest, at least relative to U.S. moves, and have been calibrated to send a message to the U.S.,
Julian Evans-Pritchard, the firm's head of China Economics, said in a note Illumina has a long-standing presence in China ... Wherever Illumina operates, we comply with all laws and regulations,
an Illumina spokesperson said in an email The trade war is in the early stages so the likelihood of further tariffs is high,
Oxford Economics said in a note as it downgraded its China economic growth forecast
