US Trade War with China: Trump says he's poised to escalate China trade war within hours - by Joshua Gallu

President Donald Trump signaled he may escalate the trade war with China in the coming hours after the country’s latest round of tariffs, firing off a new demand that U.S. companies seek alternatives to producing goods in China.

“I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States,” Trump tweeted Friday, after China threatened to impose additional tariffs on $75 billion of American goods, including soybeans, cars and oil.

A meeting on trade was taking place at midday in the Oval Office at the White House, according to people familiar with the discussions. Trump is scheduled to leave late Friday for the G-7 summit in France, where trade tensions and their impact on the global economy are at the top of the agenda.

Read more: Trump says he's poised to escalate China trade war within hours

The Digest  Group

Almere-Digest
EU-Digest
Insure-Digest 
Turkish-Digest 

For additional information, including advertising rates - e-mail:Freeplanet@protonmail.com

USA -Trump Trade Wars: Southern states among hardest hit by China tariffs - by Andrew Soerge

 Exporters in manufacturing-heavy states such as Alabama, South Carolina and Kentucky are among those that stand to lose the most from a protracted trade war with China, according to a U.S. News analysis of government trade data that suggests newly erected trade barriers into the Chinese market could stifle industries shipping billions of dollars of goods into Asia's largest economy each year.

The U.S. Census Bureau estimates the U.S. exported nearly $130 billion in commodities to China last year, an increase of nearly $14 billion from 2016's trade total. Newly erected tariffs on some of those goods – a byproduct of a tit-for-tat trade conflict that's developed between President Donald Trump's administration and members of Chinese President Xi Jinping's regime – stand to raise prices on U.S. exports, with farmers and manufacturers, in particular, concerned about their products getting priced out of the world's second-largest economy.

"What is clear is that we are in a trade war," Daniel Ikenson, director of the Cato Institute's Herbert A. Stiefel Center for Trade Policy Studies, said in a statement last week. "With very little substantive dialogue underway between the governments, matters are likely to get much worse before they get better."

The average U.S. state shipped 9 percent of its total commodity exports to China in 2017 – valued at an average of $2.5 billion. Washington, California and Texas led the way in China exports, each shipping more than $16 billion in goods to the country in 2017.

Read more: Southern states among hardest hit by China tariffs