China will 'emerge stronger' from tariff war, Beijing newspaper says

  1. China will ’emerge stronger’ from tariff war, Beijing newspaper says  CNBC
  2. Trump’s Tariffs Are a War on Christmas Gifts. Here’s How to Keep Them From Blowing Up Your Budget  Fortune
  3. Why Tariffs Aren’t Scaring the Stock Market  Barron’s
  4. Americans Could Learn to Live Without ‘Made in China’  Bloomberg
  5. Full coverage

Source: Google News

Trump escalates trade war with Beijing, imposing tariffs on $200bn worth of Chinese goods

Trump escalates trade war with Beijing, imposing tariffs on $200bn worth of Chinese goodsThe Trump administration will impose tariffs on $200bn (£152bn) more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on consumer goods ranging from handbags to bicycle tyres. The tariffs will start at 10 per cent, beginning Monday of next week, and then rise to 25 per cent on 1 January. Donald Trump made the announcement on Monday evening in a move sure to ratchet up hostilities between Washington and Beijing.

Source: Yahoo! News

Britain's Brexit trade deal with Beijing put at risk by South China Sea 'provocation', state media warns

Britain's Brexit trade deal with Beijing put at risk by South China Sea 'provocation', state media warnsBritain could have hurt its chances of sealing a post-Brexit free trade deal with China, a major Chinese state-run newspaper warned on Friday after a Royal Navy warship sailed close to islands in the South China Sea claimed by China. China and Britain agreed last month to look at the possibility of reaching a “top notch” post-Brexit free trade deal which, if struck, would be an important political win for Prime Minister Theresa May. “China and the UK had agreed to actively explore the possibility of discussing a free trade agreement after Brexit. Any act that harms China’s core interests will only put a spanner in the works,” the official China Daily newspaper said in an editorial. Britain has long courted China for a post-Brexit trade deal and talked up a “golden era” in ties, although any formal talks could not begin until Britain officially leaves the European Union next year and typically take many years to conclude. The HMS Albion, a 22,000 ton amphibious warship, sailed near the Paracel Islands claimed by China last month, prompting an angry reaction from China which called it a “provocation”. The Paracels are occupied entirely by China but also claimed by Vietnam and Taiwan. British Secretary of State for International Trade Liam Fox, left, meets Chinese Vice Premier Hu Chunhua at the Zhongnanhai Leadership Compound in Beijing last month Credit: Reuters China’s claims in the South China Sea, through which some $3 trillion of shipborne trade passes each year, are contested by Brunei, Malaysia, the Philippines, Taiwan and Vietnam.  The China Daily said Britain was trying to “curry favour” with the United States, which has been pushing for more international participation in freedom of navigation operations in the strategic waterway. “Now that it is eyeing the US as an economic lifeline after it exits the European Union – the United Kingdom is no doubt eager to seize whatever opportunity it can to get into Washington’s good books,” the English-language newspaper said. China’s Defence Ministry said in its statement responding to the Royal Navy action that, with the joint efforts of China and Southeast Asian countries, the situation in the South China Sea had stabilised. “Certain countries from outside the region pay no heed to this, and send military ships and aircraft to the South China Sea to foment trouble, creating problems where none exist, threatening regional peace and stability,” it said. China has repeatedly denounced what it views as interference from “countries outside the region”, generally a message to the United States and its allies to stay out of the maritime dispute. Q&A | South China Sea dispute Adding to the tension, China’s Foreign Ministry late on Thursday said Britain should stop “gesticulating” about the former British colony of Hong Kong and interfering in China’s internal affairs, after Britain issued its latest six-monthly report on the city. In it, Jeremy Hunt, Foreign Secretary, noted the “growing concern about the extent of freedom of speech in Hong Kong, particularly in the context of discussion of independence”, while also stating that Britain does not think independence is a realistic or desirable option. China said the issue of independence had nothing to do with freedom of speech and was a serious violation of China’s constitution and Hong Kong law. “It fundamentally is not within the scope of freedom of expression,” the ministry said. “The central government has zero tolerance for ‘Hong Kong independence’ and will never indulge it.” podcast promotion – brexit  

Source: Yahoo! News

Taiwan says China 'out of control' as it loses El Salvador to Beijing

Taiwan says China 'out of control' as it loses El Salvador to BeijingTaiwan now has formal relations with only 17 countries worldwide, many of them small, less developed nations in Central America and the Pacific, including Belize and Nauru. Speaking in Taipei, President Tsai Ing-wen said Taiwan would not bow to pressure, describing El Salvador’s decision as further evidence of China’s efforts to squeeze the island, which have included regular Chinese bomber patrols around Taiwan. “We will turn to countries with similar values to fight together against China’s increasingly out-of-control international behavior,” Tsai said.

Source: Yahoo! News