Assessments

U.S., China: Trump's Tariff Tweets Escalate a Mammoth Trade War

Aug 1, 2019 | 22:03 GMT
Chinese President Xi Jinping shakes hands with U.S. President Donald Trump before a bilateral meeting during the G-20 Summit on June 29, 2019, in Osaka, Japan.

Chinese President Xi Jinping shakes hands with U.S. President Donald Trump before a bilateral meeting during the G-20 Summit on June 29, 2019, in Osaka, Japan. Trump tweeted on Aug. 1 that the United States plans to impose an additional 10 percent tariff starting Sept. 1 on $300 billion in Chinese exports.

(SHENG JIAPENG/China News Service/VCG via Getty Images)

U.S. President Donald Trump tweeted on Aug. 1 that the United States plans to impose a 10 percent tariff starting Sept. 1 on the remaining $300 billion in Chinese exports. He argued that China has fallen short of its pledges to increase agricultural purchases and curb fentanyl sales to the United States. Trump tried to frame the tariff move in positive terms, calling it a "small" tariff (compared to his earlier threat to impose a 25 percent tariff), and said that he looks forward to a "positive dialogue with China" following "constructive" U.S.-China trade negotiations in Shanghai earlier in the week....

Article Search

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.