Trump aide Kudlow acknowledges USA consumers pay for tariffs, not China

Chris Wallace Busts Larry Kudlow for Trump’s Claim on China Tariffs: ‘But Larry, That Isn’t True’

And officials have targeted American companies operating in China by slowing customs clearance and stepping up regulatory scrutiny.

Sen. Kamala Harris said it was "irresponsible" for Mr. Trump to essentially conduct foreign policy on a whim via Twitter, without working together with allies to counteract China.

"I assume this goes fairly high within China's government before retaliatory actions are settled upon", he said.

While Kudlow said that China has invited top United States trade officials to Beijing to continue talks, no date for a potential 12th round of negotiations has been announced.

The effect of higher tariffs on Taiwanese networking firms would only last for a short period, as some of them - like Accton Technology Corp (智邦), Wistron NeWeb Corp (啟碁), Sercomm Corp (中磊), Gemtek Technology Co Ltd (正文) and Arcadyan Technology Corp (智易) - started relocating operations in the third quarter of previous year, Yuanta analysts said.

Trump ratchets up tariff threat after talks show no progress
US President Donald Trump's increased tariffs on $200 billion (€178 billion) of Chinese goods entering the United States took effect on Friday.

The tensions "raise fresh doubts about this recovery path", Morgan Stanley economists Robin Xing, Jenny Zheng and Zhipeng Cai said in a report. For now, though, the markets tanked, the Dow Jones index plunging by 600 points at the time of writing this amid fears of a worldwide ripple effect in the days to come. That would pull annual growth below 6%, raising the risk of politically risky job losses.

"Both sides will pay", Kudlow, the president's top economic adviser, said on "Fox News Sunday", referring to the escalating trade dispute between the us and China - the world's largest economies.

Outside the trade war, USA investors will see April retail-sales data on Wednesday that are expected to show a gain of 0.2% after 1.6% in March.

China will never surrender to external pressure.

Washington wants Beijing to roll back plans for government-led creation of Chinese global competitors in robotics and other technology that its trading partners say violate its free-trade commitments. 'This has been proven recently when only 4 points were paid by the US, 21 points by China because China subsidizes product to such a large degree'. Economists say Chinese leaders probably reject that as a violation of Chinese sovereignty.

Trump says North Korea's recent missile launches not breach of trust
Kim declared an end to the testing of nuclear weapons and long-range missiles during rapid rapprochement a year ago . North Korea and the United States are now deadlocked in diplomacy meant to rid the North of its nuclear arsenal.

Trump's decision to hike tariffs has roiled financial markets.

Asian stock markets fell sharply Monday, European shares also declined and US stock futures suggested a significantly lower opening in NY.

On Friday May 10, 2019 President Donald Trump imposed sanctions on $200 billion (€178 billion) worth of Chinese goods. The administration has already hit $50 billion of additional Chinese goods with 25% duties. "The way companies have done business for over 20 years would be turned upside-down overnight".

Xi touts his "Chinese dream of national rejuvenation" - a return to the nation's former glory - which sounds like Trump's "Make America Great Again".

The president suggested that manufacturers who make goods in China could shift production to other countries to avoid the tariffs.

Palace win sees Cardiff relegated
Making his first ever Premier League start, the youthful Bournemouth goalkeeper made five saves as he kept a clean sheet against Spurs.

Beijing announced on Monday that it will increase tariffs on $60 billion worth of United States goods from June 1, striking back after Washington more than doubled tariffs on $250 billion in Chinese goods, and also started the process to impose punitive duties on the almost all Chinese imports.

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