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President Donald Trump said Friday that he isn’t thinking about a possible next stage of the U.S. trade deal with China, adding that the relationship between the two nations has been “severely damaged” by the coronavirus pandemic.
he president was asked this morning if he regretted escalating the trade war with China. Then the White House released a statement saying, "he meant to say he only regretted not raising tariffs further."
Chinese billionaire Liu Zhongtian has been indicted in the US over allegations he evaded $1.8bn (£1.5bn) in tariffs on aluminium imports.
Hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China could be reached and believes the Federal Reserve’s rate cuts are less effective these days.
Companies are moving their supply chains out of China instead of waiting for a resolution of the trade war between Washington and Beijing, BlackRock Chairman and CEO Larry Fink told...
“The reality is that this likely means no deal for the foreseeable future,” said Kennedy. “China is no longer interested in reaching a big deal with Trump.”
Kudlow, speaking at the CNBC event, emphasized there still would be no U.S. government purchases of Huawei parts, components or systems.
President Trump on Monday threatened to impose large tariffs on $300 billion in imports if Chinese leader Xi Jinping did not meet with him in Japan later this month