Idea that US has more bullets than China in trade war is nonsense. Look at the trade deficit, China's ownership of USTs, and USD/CNY. If the yuan continues to fall, then China's Asian competitors have to devalue their currencies too. No tariffs on them. US trade deficit explodes! t.co/gs6z3UPMQz
— David Brady, CFA (@GlobalProTrader) August 23, 2018
WASHINGTON/BEIJING (Reuters) – U.S. and Chinese officials ended two days of talks on Thursday with no major breakthrough as their trade war escalated with activation of another round of dueling tariffs on $16 billion worth of each country’s goods.
“We concluded two days of discussions with counterparts from China and exchanged views on how to achieve fairness, balance, and reciprocity in the economic relationship,” White House spokeswoman Lindsay Walters said in a brief emailed statement.
The discussions included “addressing structural issues in China,” including its intellectual property and technology transfer policies, Walters said.
The mid-level Trump administration officials participating in the talks would brief the heads of their agencies on the discussions, she added.
So much for the Chinese delegation to Washington. No chocolate cake for them. t.co/TgYvaJkFX6
— Anil (@anilvohra69) August 23, 2018
- This is the future they have planned for us…
- Are They Essentially Erasing Most Of The Internet?
- Heads Up: Something big is going down. Just about every commodity is collapsing in price. Things deteriorated so much that all the supply chain metrics have become way less constrained
- Bill Gates: Social Credit Scores Are An “Asset”
- Horrific news from Sodom Island
- China’s Warning ENTIRE Economy Will Collapse In 34 Days
- The Dead Internet theory just got even creepier….
- People Are Going To Go Absolutely Insane When Food Prices Double Or Triple From Current Levels
- CDC is quietly deleting misleading information from their website. The following statement was removed from their website between July 16th and July 22nd
- If you are waiting for recession, inflation down, FED pivot, etc., by the time it happens, markets would have already priced most or all of it in. Right on schedule… Michael Burry says the Big Crash is anytime now!
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