the trade war is no-longer-believed in by the seeing-forward financial markets, seems
just as the s.korean market never believed in eventuality of hot war w/ n.korea
all seems a lot of to & fro amounting to not very much
so am guessing socks manufacturing and such will not be returning to n.american shores anytime soon
all the players dropped their trousers and bad for the japanese that abe showed his hands too soon and reinforced traditional animus without picking up brownie points, iow, betrayed
just as well, else china inc would have had to make an example of japan to show team usa what a real trade war looks like, by once again shutting down japan's rare earth flow as was done once to rescue a captured china fishing boat captain
am further guessing team china shall propose a face-saving way for wh to step off of the stage and declare a win, by announcing "further reform shall happen" or some such obvious program already on in the script
given such, remx can return to its quietly diminishing trajectory finance.yahoo.com
bloomberg.com
Kudlow Says Trump’s China Tariffs Are Just Proposals Right Now
More stories by Jennifer JacobsApril 5, 2018, 5:30 AM GMT+8
By
Jennifer Jacobs
and
Nick Wadhams
Larry Kudlow arrives at the White House on April 4. Photographer: Yuri Gripas/Bloomberg
White House economic adviser Larry Kudlow stressed U.S. tariffs announced on Chinese goods are still only proposals that might never take effect as the Trump administration sought to tamp down fears of a trade war.
“None of the tariffs have been put in place yet, these are all proposals,” Kudlow said in an interview Wednesday with Bloomberg News. “We’re putting it out for comment. There’s at least two months before any actions are taken.”
Administration officials throughout the day emphasized the U.S. is willing to negotiate with China, helping to ease concerns among investors about a tit-for-tat trade conflict. The Dow Jones Industrial Average, after falling more than 2 percent at the market’s open, finished the day up almost 1 percent.
Commerce Secretary Wilbur Ross said China’s response isn’t expected to disrupt the U.S. economy. In an interview on CNBC on Wednesday, he said China’s announcement of retaliatory tariffs against the U.S. “shouldn’t surprise anyone.” He said the U.S. isn’t entering “World War III” and left the door open for a negotiated solution.
“Even shooting wars end with negotiations,” Ross said.
Earlier Wednesday, China said it would impose an additional 25 percent levy on about $50 billion of U.S. imports including soybeans, automobiles, chemicals and aircraft. The move matched the scale of proposed U.S. tariffs announced the previous day. The U.S. is allowing 60 days for public feedback and hasn’t specified when the tariffs would take effect, leaving a window open for talks.
Chinese Ambassador to the U.S. Cui Tiankai said Wednesday his country is ready to negotiate.
“Negotiations would still be our preference, but it takes two to tango,” Cui said.
— With assistance by Andrew Mayeda |
