Trump warns he could do ‘a lot more’ on China trade

12 October, 2018, 19:46 | Author: Eric Barnett
  • Mike Pence warned that China had abandoned “the pathway to freedom”

The president and Vice President Mike Pence in recent weeks have also accused Beijing of trying to meddle in November's midterm elections to hurt Trump because he is putting pressure on China over trade.

Despite a worsening tariff war, China's trade surplus with the United States has widened to a record $34.1bn in September.

In fact, the September surplus with the USA was larger than China's overall trade surplus of $31.69 billion for the month.

The direct impact and indirect impact of the ongoing trade frictions is "generally controllable", Customs department spokesman Li Kuiwen said Friday.

China's export jump for the month suggests exporters were shipping goods early to beat the latest tariffs, said ANZ's China economist Betty Wang, citing the bounce in electrical machinery exports, much of which faced the looming duties.

A weaker yuan CNY=CFXS, which has depreciated about 6 percent against the dollar this year, may have taken the sting out of the tariffs imposed on $250 billion of exports to the United States.

China's export data has been surprisingly resilient to tariffs, possibly as companies ramped up shipments before stiffer US duties go into effect, but factory surveys have shown export orders have been shrinking for several months.


For January-September, China's trade surplus with the United States was $225.79 billion, compared with about $196.01 billion in the same period previous year. The president claimed he does not believe Beijing are ready to begin discussions in a Fox News interview earlier this week.

The U.S. has already begun a rhetorical offense against China, with Vice President Mike Pence accusing the state of expanding worldwide control via "debt diplomacy" and meddling in U.S. domestic affairs after the spying controversy came to light, for which a Chinese national was charged on October 11.

Trump said Thursday that his tariff strategy was working.

But China has been standing firm, repeatedly saying that the only solution was through negotiation and compromise on both sides.

"Bullying might be effective for small economic entities, but it will not be effective against a big economic power", Yu wrote in a column published Friday in the state-run China Daily.

An imbalance of trade is at the center of an increasing bitter dispute between the world's two biggest economies.

"I don't want to do it, but they have to come to the table", he continued.

Recommended:

  • Jose Mourinho Desperate For January Signing

    Jose Mourinho Desperate For January Signing

    Sanchez, who endured a hard start to the new season, has scored three goals for United in all competitions so far. We're striving now to get back to it, but as a manager you can't hide from the fact about what he's done.
    The Giants' search for Ereck Flowers trade ends predictably

    The Giants' search for Ereck Flowers trade ends predictably

    But the 6-6, 334-pounder never developed the proper technique to consistently protect Eli Manning , hampering the Giant offense. In Sunday's loss to the Carolina Panthers, he played just five snaps, all on special teams, in a 33-31 defeat.
    DUP's Foster says May 'cannot in good conscience' recommend Brexit backstop

    DUP's Foster says May 'cannot in good conscience' recommend Brexit backstop

    Cabinet ministers briefed on the Brexit talks said the issue of the Irish backstop was close to being settled, the FT said. Earlier on Thursday, May told Northern Ireland journalists that Irish border talks would likely continue until November.
  • Aaron Ramsey says he will not be leaving Arsenal in January

    Aaron Ramsey says he will not be leaving Arsenal in January

    We thought we were in a position where we had agreed a deal but that's no longer the case. However, Ramsey announced his intentions to stay with the club until the season's end.
    Pope Francis Accepts D.C. Cardinal Wuerl’s Resignation

    Pope Francis Accepts D.C. Cardinal Wuerl’s Resignation

    However, as Pope Francis has said: "We will follow the path of truth wherever it may lead" (Philadelphia, Sept. 27, 2015). Survivor advocate David Clohessy of the group SNAP said Wuerl's "long-overdue" resignation might give solace to victims.
    Channing Tatum Is Dating Jessie J and We Are Shook

    Channing Tatum Is Dating Jessie J and We Are Shook

    Both have also taken aim at the fur industry, with Jessie once writing on Twitter; "Urgh seeing so many people wearing real fur". Tatum and Dewan after falling in love on the sets of dance flick Step Up (2006) had married each other three years later.
  • #MeToo India: Sajid Khan steps down as 'Housefull 4' director

    #MeToo India: Sajid Khan steps down as 'Housefull 4' director

    Actor Saloni Chopra recounted that he would only talk of his genitalia when she worked as an assistant director with him. He asked her to send him bikini photos as he wanted to check how she looked if she ever wanted to become an actor.
    Huawei unveils range of AI chips

    Huawei unveils range of AI chips

    Until now, Huawei only designed and manufactured chips for its own smartphones, including the AI-capable "Kirin" processors. Huawei also unveiled another chip that can be used to power surveillance cameras.
    Rishabh Pant picked for first two ODIs, Kohli back as captain

    Rishabh Pant picked for first two ODIs, Kohli back as captain

    In Pant, India have a chance to not only trial a new wicketkeeper in ODIs but also an explosive batsman in the middle order. Among pacers, Mohammed Shami , who last played an ODI over a year ago, will once again be seen in the blue jersey.
  • Melania Trump says she ignores rumours of Donald Trump's infidelity

    Melania Trump says she ignores rumours of Donald Trump's infidelity

    The president has denied a tryst with Daniels but has acknowledged reimbursing his lawyer for a hush money payment made to her. Add Melania Trump as an interest to stay up to date on the latest Melania Trump news, video, and analysis from ABC News .
    A second Royal Family member decides not to attend Princess Eugenie's wedding

    A second Royal Family member decides not to attend Princess Eugenie's wedding

    Princess Eugenie says it was love at first sight when she met her husband-to-be Jack Brooksbank . Additionally, Eugenie and Brooksbank will be skipping the Long Walk at Windsor .
    Watch The First Teaser For Disney's New Live-Action Aladdin Movie

    Watch The First Teaser For Disney's New Live-Action Aladdin Movie

    Tim Burton's Dumbo and Jon Favreau's The Lion Kingset to hit theaters in 2019, and Maleficent 2 will arrive in 2020. The live-action Aladdin started filming in September 2017, a few months delayed after a prolonged casting process .


Popular

Halala! Black Panther 2 is on the way
As per the sources, Ryan will start scripting the film in late 2019 or early 2020 and will start the shooting after that. No need to worry anymore, as THR confirmed that Coogler will return as writer-director for the Black Panther follow-up.

Odell Beckham Jr. head-butts Giants 'fan'
It was part of the growth process I'm going through. "That would make me small and not strong". I feel like I could score every quarter, if given the opportunity. "It's been on my heart".

Dubai-Bound AI Flight Hits Trichy Airport Wall, Passengers Safe
Flight IX 611, comprising 129 passengers and seven crew members, was diverted to and landed in Mumbai. The First Officer Captain Anurag has an experience of about 3000 hours on the B 737.

Bolt scored first goals in professional football
The Australian A-League season begins on 19 October and the Mariners are yet to confirm whether Bolt will be offered a contract. His first came by scoring 10 minutes into the second half with a left-footed finish after shaking off a defender.

Here's What Kanye West Said to President Trump at the White House
Rapper Kanye West speaks during a meeting with President Donald Trump in the Oval Office of the White House. The rapper dominated the odd meeting and was there to discuss violence in West's home city of Chicago.

Nigeria's economy performing badly, might decline further in 2019
Lagarde said she would meet Pakistani officials on Thursday, with expectations that Islamabad will request a bailout of its shaky economy.

Red Sox stick with David Price as a starter
In watching the game, it looked as if the Red Sox knew what Severino was going to throw, and when; apparently that was the case. One Yankees source told Heyman flat out: "The Red Sox had his pitches".

Joseph's long TD return lifts Vikings past Eagles 23-21
In the last two games, including Sunday's game against the Vikings, Wentz has been sacked 12 times and fumbled three times. According to NFL Next Gen Stats, Joseph reached a max speed of 18.2 miles per hour on his fumble return touchdown.

Africa's Youngest Billionaire Kidnapped Outside Hotel Gym In Tanzania
Dewji was elected to parliament on the CCM ticket but did not seek re-election to his seat in the 2015 election. News of the incident spread fast as social media users shared the development, sending shockwaves the country.

'Quite Something': Kanye West Makes A Statement In The Oval Office
He revealed that his friends had tried to scare him not to wear the MAGA hat, popularised during the president's campaign in 2016. The club shared an image of the typically straight faced Kanye West , with the caption: 'The global break has got us like'.