In two tweets Sunday, Donald Trump has brought back the tension in trade negotiations between the United States and China. "The trade agreement with China advance, but too slowly, as they attempt to renegotiate. No!" was written on Sunday afternoon on his account of the american president.
Donald Trump has stated his threat. On the one hand, it expects to increase as early as Friday, from 10% to 25 % the level of taxes on $ 200 billion of chinese products, involving $ 250 billion in volumes of products involved. It would implement retaliatory measures that it had agreed to suspend in the beginning of the year to give a chance to negotiation. Above all, Donald Trump has threatened to expand "soon" able to $ 325 billion in additional imports, which are currently not impacted by the tariff measures Washington. This Monday, the us president has continued to clarify its intentions with a new tweet. "For years, the United States will lose 600 to $ 800 billion in trade. With China, you lose 500. Sorry, but it will happen more!", a-t-launched it.
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If Trump rise again the tone, it is that some hard points have still not been resolved.
The message accidentally from the president of the United States has been published at a time when some thought finally a possible agreement between Americans and Chinese. The White House had itself recognized that the discussions could lead to meaningful results. And, last Thursday, an american delegation headed by the secretary of State for Trade, Robert Lighthizer, and his counterpart at Treasury, Steve Mnuchin, have made the trip to Beijing. The visit back a hundred chinese officials, including the vice-prime minister Liu He this week in Washington, augured, therefore, may be progress, or even an agreement.
If Donald Trump rise again the tone, it is that some hard points have still not been resolved. The subjects of respect of the intellectual property, access to the chinese market for american companies, or of public subsidies granted by Beijing to the chinese companies remain particularly difficult to treat.markets plunge
In reaction, the stock market chinese dévissaient Monday morning. The Shanghai stock Exchange, which had already opened 3% lower, finishing the session down from 5.58%, while the Shenzhen second place to China mainland, lost 7,38%, the biggest drop in a session in Shanghai in February 2016. In Europe, markets opened down: -1,76% in Paris, -1,94% in Frankfurt.
on The side of the chinese currency, the yuan, was losing up to 1.3% against the dollar, its biggest drop in more than three years, before recovering at mid-day to 6,7951, down 0.89%. The oil went down dramatically, too: the barrel of "light sweet crude" (WTI), the benchmark u.s. crude, fell $ 1.45 $ 60,49 dollars in electronic trading in Asia. A barrel of Brent, the european reference, dipped 1.53 dollar, 69,32 dollars.
Despite these new commercial challenges, and contrary to what is suggested in an article in the Wall Street Journal Beijing ensures the chinese negotiators are always prepared to go to work in the United States. "A team is preparing to leave the United States for talks," said Geng Shuang, spokesman for the ministry, without, however, specifying whether the chief negotiators, Liu He, is there in person. A new session of negotiations is tentatively scheduled for as early as Wednesday in Washington.
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