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Economist Panos Mourdoukoutas states that China's elites were fighting the trade war under the wrong assumption that China had reached "power parity" with the U.S. and that although an economic divorce between the two countries would have some consequences for the US, it would on the other hand be devastating for China. [395]
Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic interests.
China shot back at Donald Trump after the incoming US president pledged to impose heavy import tariffs on the Asian nation, along with Canada and Mexico, saying it could trigger a trade war that ...
Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on ...
Chinese leader Xi Jinping with U.S. President Joe Biden at the 17th G20 in Bali, November 2022. [1]The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
On December 8, 2022, Kevin McCarthy, the Republican nominee for the Speaker of the House, unveiled the committee among a slate of efforts to confront, counter, and respond to the Chinese government in an op-ed that argued that the United States was locked in a new Cold War with China: "To win the new Cold War, we must respond to Chinese ...
Trump has indicated he plans to pick up where he left off with Beijing, and has vowed to impose an additional 10% tariff on Chinese goods to push China to do more to stop fentanyl flows into the U.S.
President Bill Clinton in 2000 pushed Congress to approve the U.S.-China trade agreement and China's accession to the WTO, [13] saying that more trade with China would advance America's economic interests: "Economically, this agreement is the equivalent of a one-way street. It requires China to open its markets—with a fifth of the world’s ...