{"id":34690,"date":"2018-06-03T09:21:26","date_gmt":"2018-06-03T14:21:26","guid":{"rendered":"http:\/\/olduvai.ca\/?p=34690"},"modified":"2018-06-03T09:21:26","modified_gmt":"2018-06-03T14:21:26","slug":"this-is-a-red-line-beijing-warns-trump-trade-deal-is-off-if-us-imposes-tariffs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=34690","title":{"rendered":"“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs"},"content":{"rendered":"
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“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs<\/span><\/a><\/h3>\n<\/div>\n
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In a scathing editorial warning Trump to back off on his latest tariff threat, on Sunday China said that any trade deals between the US and China, and any progress and commitments made so far in bilateral negotiations would be withdrawn if President Donald Trump follows through with this threat.<\/p>\n

“If the U.S. rolls out trade measures including tariffs, all the agreements reached in the negotiations won\u2019t take effect,” the state-run Xinhua News Agency reported this morning<\/a>, citing a statement from the Chinese team that met with a U.S. delegation led by Commerce Secretary Wilbur Ross, which arrived in China overnight.<\/p>\n

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US trade delegation led by Commerce Secretary Wilbur Ross is in China to discuss bilateral trade relations, June 2-3<\/em><\/figcaption><\/figure>\n

Separately, China has continued to express growing frustration with the tactics deployed by the White House, and an editorial in the nationalist, state-run tabloid Global Times said that “the U.S. can\u2019t have its cake and eat it too,” adding that the U.S. “needs to choose between tariffs and exporting more to China.”<\/strong><\/p>\n

China’s anger is the result of Trump\u2019s revival of the simmering trade war between the two superpowers after Trump last week unveiled a plan to slap tariffs on $50 billion of Chinese imports, casting into doubt ongoing trade discussion about how to reduce China\u2019s $375 billion goods-trade surplus with the U.S.<\/p>\n

As Bloomberg clarifies<\/a>, the Xinhua report came out on Sunday after Ross met with Chinese Vice Premier Liu He for talks that Ross called \u201cfriendly and frank, and covered some useful topics about specific export items.\u201d At the same time as negotiators focus on technical steps to reduce the U.S. deficit, Trump\u2019s aggressive reversals have rattled Beijing as it raises concerns about the possibility that any agreement made could be simply torn up by the president.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs In a scathing editorial warning Trump to back off on his latest tariff threat, on Sunday China said that any trade deals between the US and China, and any progress and commitments made so far in bilateral negotiations would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[83,130,6390,9937,805,13829,827,4318],"class_list":["post-34690","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-bloomberg","tag-china","tag-global-times","tag-tariffs","tag-trade","tag-trade-negotiations","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34690"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34690\/revisions"}],"predecessor-version":[{"id":34691,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/34690\/revisions\/34691"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}