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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (148855)5/30/2019 5:43:26 AM
From: TobagoJack  Read Replies (1) | Respond to of 218068
 
as team china is on state of "strategic composure", team America led by trump has excellent opportunity to act tough and play hard, and lots of time to do it in, since neither trump nor china is in any hurry

as all wait to see how the rest of the known cards are played if and when played

let's see how many electronic investments are tee-ed up anywhere potentially cut off from rare earth

tough call, billions in investments riding on flimsy assumptions about the world holding together in the hands of strong men and pretenders to strong men

must count on the trump doing as he is mandated to do, namely to break the old ways

very exciting and excited

bloomberg.com

China Waits for U.S. to Make Move After Trump Says He’s in No Rush

China said the next move in trade talks must come from the U.S., days after President Donald Trump said he’s in no hurry to make a deal.

"The U.S. keeps escalating the trade tensions, and makes various tricks, which has severely hurt the trade talks," Chinese Ministry of Commerce spokesman Gao Feng said in Beijing. "Whether the China-U.S. trade talks can make any progress largely hinges on the U.S. attitude and sincerity."

Wrong U.S. actions damaged the talks and forced China to retaliate, Gao said. China hopes the U.S. corrects its mistakes, but will fight to the end if the U.S. keeps escalating tensions, he said on Thursday.

Since the collapse of talks earlier this month, the dispute between the two nations has worsened, with the U.S. restricting access to high-tech products and China threatening to cut off exports of rare earth products which are necessary for industry.

In response to a question on whether China would use its dominant position in rare earths to retaliate, Gao repeated a previous government statement that while China would prioritize domestic demand, it was willing to meet "the legitimate needs" of the rest of the world.

"However, if any country wants to use products made using China’s rare earth exports to contain and crack down on China’s development, that can’t be accepted emotionally and rationally," he added.

When asked if China would retaliate against Apple Inc. and other American companies doing business in China, Gao said that China would protect the legitimate rights of foreign businesses, without elaborating.

The comments come after another Chinese official accused the U.S. of "economic terrorism."

"We firmly oppose the willful use the sticks of tariff and protectionism," Vice Minister of Foreign Affairs Zhang Hanhui said earlier in the day. "Deliberately provoking trade disputes is economic terrorism, economic hegemony and economic chauvinism.

— With assistance by Miao Han, and Dandan Li

(Updates with Gao’s comments on rare earths and retaliation from fifth paragraph.)