As the 11th high -level economic and trade consultation between China and the United States is about to be held, US President Trump throws a shocking bomb, criticizing the progress of the negotiations is too slow.272.8 billion yuan) The tariffs imposed by Chinese goods increased from 10%to 25%.It is reported that China is considering canceling trade negotiations with the United States this week.
Chinese scholars interviewed believed that Trump's latest threat was negotiations because the US economic growth provided him with confidence.Scholars also warned that if the negotiations confirm the cancellation, all the goods traded on both parties will be threatened by tariffs, and the trade war will be upgraded and the highest peak will be reached.
Trump wrote in Twitter last night: In the past 10 months, China paid 25%tariffs on US $ 50 billion in high -tech goods, and paid 10%tariffs on other other than $ 200 billion of other goods.These tariffs are part of the reason for our outstanding economic performance.
He then announced that these 10%tariffs will rise to 25%on Friday.In addition, 325 billion yuan of products have not yet started tax, but we will soon do this, with a tax rate of 25%.He claims that the impact of tariffs paid to the United States has a small impact on the cost of commodities, and most of them are borne by China.
Trump wrote: Trade negotiations with China are continuing. They try to re -negotiate, but they are too slow, no!
Trump's statement has reversed the positive signals released by China and the United States recently on the progress of trade negotiations.Last Friday, Trump just told reporters in the White House that Sino -US trade negotiations were progressing very well; Treasury Minister Steven Mnuchin, who led the US negotiation teamIt also describes the effectiveness of negotiations.
China Deputy Prime Minister and Sino -US comprehensive economic dialogue between China and the United States, Liu He, originally scheduled to go to Washington for the next round of negotiations the day after tomorrow. The outside world generally predicts that China and the United States will reach a certain agreement to pave the way for Trump and Chinese President ..., But Trump's latest statement is to have a shadow of negotiations.
Hu Xijin, editor -in -chief of the Chinese Official Media Fluster Times, posted in Twitter this morning. He criticized Trump in English to threaten China but does not seem to understand how tariffs operate.He wrote: China has long made the worst plan.We don't buy this trick.
Hu Xijin predicts that under the threat of Trump's tariffs, Liu He is unlikely to visit the United States this week.Let Trump raise tariffs and see when trade negotiations can be restored.
The Wall Street Journal also quoted sources this morning that China is considering canceling trade negotiations with the United States.
Chen Bo, a professor at Huazhong University of Science and Technology, accepted an analysis of the Lianhe Morning Post. On the one hand, Trump's position change may be negotiating wrists. Especially the negotiations still have some branched problems so far. ThereforeOn the one hand, the latest economic data released by the United States at the end of last month shows that the US economy is still at its peak, which provides more negotiations for Trump.The US economy has achieved a strong growth of 3.2%in the first quarter of this year, which is beyond market expectations.
Chen Bo believes that if Liu He confirms the cancellation of the Washington trip, the result is quite clear: the trade battle continues to upgrade and reach the highest peak, all the products traded by both parties will be threatened by the trade war tariff, which is equivalent to reaching the limit, and there is nothing else to fight.Conversely, if Liu He still decides to go to Washington, it means that there is still a turnaround for trade negotiations.
Chen Bo said that China launched an economic stimulus policy at the end of last year. In the first quarter of this year, the effect was obvious. If the worst situation mentioned above, China is expected to increase economic stimulus policies.
This morning, the People's Bank of China released news that it has implemented a lower deposit reserve ratio of small and medium -sized banks on May 15th, which is the second time in China to reduce the deposit reserve rate this year.Reuters quoted analysis that this may be a move in the market to offset the impact caused by the hindrance of trade negotiations.
However, Trump's latest statement has caused a negative effect in the market this morning: the RMB fell to near the 6.8 yuan mark in the morning in the morning and the next three and a half months.New low.
Whether the United States has revoked tariffs on Chinese goods is the adequate point for multiple rounds of trade negotiations.It is known that the United States hopes to retain some tariffs as an agreement execution tool, but China requires the withdrawal of all tariffs levied on goods worth 250 billion yuan.
