US-China trade standoff continues as Trump unfazed to engage Xi

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WASHINGTON: US President Donald Trump said Tuesday that he is not in a hurry to talk to Chinese President Xi Jinping in the midst of a trade war between the two largest economies, which imposes 10 % tariffs on all Chinese imports of his US president. They were mobilized by the decision.

China imposed a target tariff on US imports on Tuesday and several companies, including Google, on a notice for potential sanctions, in a measles reaction to Trump’s rates.

“That’s right,” Trump said when asked about China’s revenge duties in the White House.

The conversation between XI and Trump is considered the key to a possible softening or delay in taxes, as was discussed with Mexican and Canadian leaders on Monday.

White House spokesman Crolley Lavit told reporters that the Trump-XI call still needs to be scheduled.

“President XI arrived to talk about President Trump to start talking to President Trump,” Levet told the Fox Business Network on Tuesday. So we will see how the call goes. “

The limited response to Trump’s 10 percent of Trump’s imposing taxes on all Chinese imports indicates that Chinese policy makers indicate an attempt to engage in dialogue to stop Trump to stop a clear trade war between the world’s two largest economies. ۔

Capital Economics, a UK -based research firm, estimates that China’s additional revenue will apply to an annual import of about $ 20 billion, while compared to Tuesday 12.30am under the Trump tariff under the Trump tariff 450 billion Dollar sugar goods were applied (which is subject to Trump tariff. 0501 GMT).

“These measures are quite modest, at least related to US tricks, and have been calmly to send a message to the United States,” said Julian Evans Phardard, head of a Chinese economics firm, in a note.

On Monday, Trump suspended the risk of 25 % of his revenue on Mexico and Canada, and agreed to a 30 -day intervals in exchange for border and crime enforcement.

Next Europe?

Trump advised on Sunday that the European Union would be the next target for revenue, but when it didn’t say.

Brussels will be ready for tough negotiations, but they emphasize the need to lay the foundation for a strong partnership with the European Union’s largest trade and investment partner Give

He said in a speech, “We will be open and practical in ways to get it. But we will also make it clear that we will always protect our interests – however and whenever it is needed. “

The commission spokesman said that the European Commission and the new US administration are in touch at a technical level, but Wan Dare Leene and Trump have not yet spoken directly.

China’s new steps, which were announced as the implementation of Trump’s prices, includes 15 % levy and crude oil, farm equipment and very few trucks as well as large engine salons on American coal and LNG. Which have been sent from the United States to China. States.

China said it was launching a collective anti -Google investigation in Google of the alphabet. It has added a list of potential restrictions, including PVH Corporation, which holding the Holding Company of Brands, and US biotechnology company Alumina.

The PVH said in a statement that China’s decision was surprised and “deeply disappointed”, adding that it maintains strict compliance with all relevant laws, regulations and standards.

“Alumina has a longtime presence in China … wherever Alumina operates, we comply with all the rules and regulations,” an alumina spokesman said in an email.

Google refuses to comment on the investigation.

Export control over some metals

China said it was imposing export controls on some metals, including Tingston, which are important for electronics, military equipment and solar panels.

China can apply on the Cybertrak of 10 % of the Duty China Elon Musk announced on electric trucks imported from the United States, which is promoting a niche offering Tesla in China. Tesla had no immediate comment.

China’s new revenue will not be implemented until Monday, which will give Washington and Beijing time to try to make an agreement, which Chinese policy makers have indicated that with the increase in China’s domestic demand, Trump Hope to arrive with.

During his first presidential term, Trump launched a two -year trade war with China against his US trade surplus, in which the tight for tet tariff, with global supply chains and damaging the global economy.

“The trade war is in the early stages, so more taxes are more likely,” Oxford Economics said in a note.

Trump said he could increase prices on China until Beijing eliminated the flow of a deadly opium, a fantasy, in the United States.

China has termed the issue of Phantenal America, saying it will challenge the World Trade Organization’s revenue and take other response steps, leaving the door open for dialogue.

The United States is a relatively small source of crude oil for China, which is 1.7 % of its imports last year, worth about $ 6 billion. Only 5 % of China’s LNG imports come from the United States.

“Even if the two countries (United States and China) agree on some issues, it is possible to see that revenue is used as a repeated approaching device, which this year’s market fluctuations. An important source can be. ” Economist in Natics in Hong Kong.

Canadian Prime Minister Justin Trudeau and Mexico President Claudia Shanbam in Ottawa and Mexico City said they agreed to strengthen border enforcement, and after stopping 25 % of US prices on Tuesday, promoting border enforcement. But agreed.

European Union Trade Chief Marvis Saifkoich said he wanted preliminary talks with the United States to eliminate possible prices.

“We believe through constructive engagement and debate that we can solve this problem,” he said.