Quotes
There were rumours about a possible agreement with China to postpone the implementation of the tariffs, but the supposed conversation between Trump and Xi Jinping did not take place and this has somewhat discouraged the market,
Even though agricultural products are not targeted in Beijing’s countermeasures, the market is still quite worried over the uncertainty of future Sino-US relations,
said Rosa Wang, an analyst with Shanghai JC Intelligence Co Ltd, a China-based commodities consultancy Some of the recent moisture was under-forecasted, giving producers a welcome surprise that has helped to stabilize conditions in certain regions,
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,
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,
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 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 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 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 We will be open and pragmatic in how to achieve that. But we will make it equally clear that we will always protect our own interests – however and whenever that is needed,
President Xi did reach out to President Trump to speak about this, maybe to begin a negotiation. So we'll see how that call goes,
Leavitt told Fox Business Network earlier on Tuesday We believe through constructive engagement and discussion we can resolve this problem,
He is not going to allow China to continue to source and distribute deadly fentanyl into our country, that was the reason for this tariff,
Leavitt told reporters outside the West Wing The deployment has already started,
It's up to the boss. I never get ahead of the boss, that's why I'm sitting here."
Asked if Trump could halt the tariffs on China too, he added
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