{"id":38106,"date":"2018-09-22T05:57:18","date_gmt":"2018-09-22T10:57:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38106"},"modified":"2018-09-22T05:57:18","modified_gmt":"2018-09-22T10:57:18","slug":"a-path-to-war-china-cancels-us-trade-talks-as-skirmish-escalates","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38106","title":{"rendered":"A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates"},"content":{"rendered":"
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A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates<\/span><\/a><\/h3>\n<\/div>\n
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Following a surge in Chinese, European, and much of the US equity markets this week amid hopes that the so-called ‘trade skirmish’ was less ‘war-like’ than expected, China just dropped an early Saturday morning (local time) tape bomb that is sure to resurrect ‘trade war’ talk.<\/strong><\/em><\/p>\n

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After President Trump\u00a0slapped a fresh round of tariffs on Chinese goods, targeting 10 percent duties on $200 billion of goods; the two camps were scheduled to meet in order to dial back tensions.<\/strong> As we noted earlier in the week, China had ‘downgraded’ the team with a mid-level delegation from China due to travel to the U.S. capital<\/strong> to pave the way for Vice Premier Liu\u2019s visit.<\/p>\n

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That was what sparked hope that this was just a trade skirmish (as Jamie Dimon attempted to play down), sending stocks soaring all week.<\/p>\n

However, that is all over now.<\/strong><\/u><\/p>\n

The Journal\u00a0 <\/a>just reported on Friday that, according to sources, China has rescinded the proposals to send two delegations to Washington<\/strong>.<\/p>\n

Chinese officials have said such pressure tactics wouldn\u2019t induce them to cooperate.<\/strong><\/p>\n

By declining to participate in the talks, the people said, Beijing is following up on its pledge to avoid negotiating under threat.<\/strong><\/p>\n

\u201cEverything the U.S. does hasn\u2019t given any impression of sincerity and goodwill,\u201d Chinese Foreign Ministry spokesman Geng Shuang said at a press briefing Friday.<\/p>\n

\u201cWe hope that the U.S. side will take measures to correct its mistakes.\u201d<\/strong><\/p><\/blockquote>\n

*\u00a0 *\u00a0 *<\/p>\n

The timing of this news, after the exuberant equity week, is also noteworthy as it follows Ray Dalio’s, founder of Bridgewater, warnings that the current trade tensions mirror those of the 1930s<\/a>:<\/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":"

A Path To War? China Cancels US Trade Talks As ‘Skirmish’ Escalates Following a surge in Chinese, European, and much of the US equity markets this week amid hopes that the so-called ‘trade skirmish’ was less ‘war-like’ than expected, China just dropped an early Saturday morning (local time) tape bomb that is sure to resurrect […]<\/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":[2045,130,7844,9937,805,21801,3222,827,862,865,4318],"class_list":["post-38106","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-beijing","tag-china","tag-donald-trump","tag-tariffs","tag-trade","tag-trade-talks","tag-trade-war","tag-united-states","tag-war","tag-washington","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38106","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=38106"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38106\/revisions"}],"predecessor-version":[{"id":38107,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38106\/revisions\/38107"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}