{"id":37857,"date":"2018-09-16T12:49:30","date_gmt":"2018-09-16T17:49:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37857"},"modified":"2018-09-16T12:49:30","modified_gmt":"2018-09-16T17:49:30","slug":"china-may-skip-trade-talks-cripple-us-supply-chains-after-new-trump-tariffs","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37857","title":{"rendered":"China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs"},"content":{"rendered":"
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China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs<\/span><\/a><\/h3>\n<\/div>\n
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When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200BN round of tariffs on Chinese imports as soon as tomorrow, we said <\/a>that such an escalation would likely derail talks with top Chinese officials, currently scheduled in Washington for Sept. 27 and Sept. 28. Now, in a follow up report, the WSJ has confirmed <\/a>that in light of the Trump’s imminent\u00a0 announcement, China is considering declining Trump\u2019s offer of trade talks later this month <\/strong>as Trump’s “pressure tactics” aren\u2019t “sitting well” with Beijing, which has repeatedly said it wouldn\u2019t negotiate under threat.<\/p>\n

\u201cThere is a lot of uncertainty right now,\u201d one of the officials said. \u201cIf more tariffs come out, the Chinese side could very well choose not to go.\u201d <\/strong>That said, a final decision has not yet been made on the trips and will depend on what Trump does in the coming days.<\/p>\n

Underscoring China’s growing anger toward Trump’s negotiating tactics, Yang Weimin, a former senior economic adviser to President Xi Jinping, said on Sunday that “China never said it doesn\u2019t want to negotiate with the U.S.,\u201d \u201cBut the U.S. side has to show sincerity\u201d toward resolving the trade dispute. Added a current senior official who advises the leadership on foreign-policy matters: \u201cChina is not going to negotiate with a gun pointed to its head.\u201d<\/p>\n

While China’s lack of desire to negotiate would hardly come as a surprise – after all there will be little to discuss if Trump does pull the trigger on even more tariffs – what may come as a shock to US businesses is how China plans to retaliate to the $200BN in new tariffs. Yesterday, we noted <\/a>that Beijing could prompt respond “qualitatively” by selectively targeting US companies which have a major presence in China, such as US auto makers or Apple.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

China May Skip Trade Talks, Cripple US Supply Chains After New Trump Tariffs When discussing yesterday’s WSJ report that the Trump admin may slap the new, $200BN round of tariffs on Chinese imports as soon as tomorrow, we said that such an escalation would likely derail talks with top Chinese officials, currently scheduled in Washington […]<\/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":[130,7844,3237,9937,805,3222,827,861],"class_list":["post-37857","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-donald-trump","tag-supply-chains","tag-tariffs","tag-trade","tag-trade-war","tag-united-states","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37857","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=37857"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37857\/revisions"}],"predecessor-version":[{"id":37858,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37857\/revisions\/37858"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}