China says USA blaming Xi for blocking trade deal is "bogus"

China Blaming Xi for US trade war is ‘shocking

China on Wednesday said it was "shocking" for a USA official to blame Chinese President Xi Jinping for escalating trade tensions between the two countries.

"I do not think President Xi [Jinping] has any intention of following through on any of the discussions we've made", Kudlow told CNBC's Jim Cramer at the Delivering Alpha conference in NY. Xi's top economic adviser, Liu He, appears willing to move forward on a deal, said Kudlow.

Trump has said the tariffs are an effort to protect American workers from unfair Chinese technology and trade practices, though experts have warned they could harm the US economy.

The goods included fruits, vegetables, handbags, refrigerators, rain jackets and baseball gloves.

The threat of tariffs led to a counter-threat from China and kicked off weeks of furious negotiations between the two countries in an attempt to reach a deal.

"Here's my solution, and the president agrees with this: Lower your barriers", he said.

With the President's intent focus on the performance of the stock market under his tenure, you can bet that as long as this trend continues, there will be no urgency on the part of the United States to make much in the way of concessions, especially after relaxing restrictions on the ZTE ban and seemingly getting nothing in return. "We will export like insane".

Wimbledon Final Odds: Djokovic vs. Anderson
But I would suggest we save that for another day and just commend both of these guys for their superhuman effort. About 10 months after having a baby, Serena Williams plays in the Wimbledon final against Angelique Kerber .

Several buildings evacuated after explosion in Flatiron District
Con Edison is on the scene conducting environmental testing to determine whether asbestos or other contaminants are present. The Fire Department of NY says a high-pressure steam leak has caused street closings in Manhattan's Flatiron District.

Suspects of Salisbury nerve agent attack 'identified'
Russian double agent Sergei Skripal and his daughter Yulia were struck down with the poison in March, before later recovering. Searches of properties could last months and waste and litter will be removed as part of the sweep of public areas.

In fact, while some think that the booming post-recession economy is on its last legs, Kudlow sees the good times rolling for several more years - and perhaps getting even better.

China has made the utmost efforts to avoid an escalation of trade frictions, Hua said, reiterating that China does not want a trade war but is not afraid of one.

"If you think we are [in a trade war with China], is it winnable?"

"I have been a long-term critic of China", he said.

Kudlow said talks between the two countries are now stalled.

President Trump then proposed 10-percent tariffs on a list of $200 billion in Chinese products, which China responded to by filing a challenge with the World Trade Organization.

Kudlow's bullishness stems from the possibility of an unprecedented capital spending boom, the return of capital to U.S. from Europe and China at levels unseen since the 1990s.

Related:

Comments

Latest news

Trump's Military Parade Initially Estimated to Cost $12M
North Korea had long sought an end to the joint military exercises, which they viewed as a provocation and threat. Trump tweeted in June following his meeting with North Korean leader Kim Jong Un in Singapore.

Men Closer To Joining MCU As Comcast Exits Bidding War With Disney
Disney recently raised its bid from $$52.4 billion in December to $71.3 billion divided between cash and stock. Those would be spun off into a new company, and Disney would acquire 21st Century Fox after the spinoff.

Marcus Smart Agrees To Four-Year, $52M Deal With Celtics
In 15 postseason games, he averaged 9.8 points, 5.3 assists and 3.7 rebounds in almost 30 minutes per game. Boston already has three players signed to megadeals in Al Horford, Kyrie Irving and Gordon Hayward.

Faith Evans And Stevie J Get Married In Las Vegas
It's a Bad Boy wedding for Faith Evans and Stevie J as the pair applied for a marriage license in Vegas and are now officially Mr. and Mrs.

North Atlantic Treaty Organisation reacts after Trump disparages Montenegro
Earlier this year, Montenegro reportedly pledged more troops to help fight the US-led war in Afghanistan. On the day NATO's invitation was announced, my Montenegrin colleague in Vienna was grinning widely.

Rep. Mike Coffman to unveil plan to save net neutrality
Coffman's bill would also prohibit ISPs from charging other companies for network interconnection in certain circumstances. The is largely symbolic, given that it will never reach the 60 votes it would need to pass the Senate.

Blue Origin’s New Shepard spaceship hits new heights in escape test flight
Its effectiveness is essential to ensuring the safety of any people who might ride aboard the capsule in the future. The capsule parachuted down to the desert floor after reaching roughly 7,000 feet of altitude.

Joaquin Phoenix Joker movie gets a title and release date
Strangely enough, Leto - played the character in 2016's Suicide Squad - will also be getting his own standalone Joker movie. As soon as his deal was finalized, the studio set a September start date with a budget in the moderate $55 million range.

Employment hits record high raising expectations for August interest rate hike
The number of Scots out of work is on the rise, while falling across the rest of the United Kingdom , official figures today show. But he added: "It is important to remember that unemployment remains, by historical standards, at a low rate.

Trump Learned Extent of Russian Meddling Before Inaugural — NY Times
He and other House Republican leaders tried to change the subject to taxes and the economy during their weekly news conference. A few hours earlier, Trump had answered "no" when asked if the longtime USA foe was still targeting American elections.

British FM urges MPs to rethink Brexit strategy
The vote means May can keep her promise to take Britain out of the customs alliance and make its own trade deals. Parliament plans to begin its long summer recess Tuesday after a feverish series of debates on Brexit policy.

Indiana man cleaning gun fatally shoots 6-year-old daughter in head
Authorities learned that the girl's father was inside the house cleaning a handgun he thought was unloaded when it discharged. This incident is now under investigation, but police officers of IN , and it is not yet clear whether filed any charges.

US tariff war to adversely affect international trade: China
Beijing says the whole world will retaliate if Washington sticks with its aggressive trade policy. USA tariffs of 25 percent on $34 billion of Chinese imports took effect on July 6.

Leicester looking to sign Danny Ward to replace Chelsea target Kasper Schmeichel
Indeed, reports have now suggested that a fee has been agreed to sell the Welsh global to Leicester City. The Liverpool Echo says that the Reds are happy to offload ward, following the arrival of the Brazilian.

'Silicon Valley': TJ Miller Accused of Being Bully by Female Co-Star
Last December, Miller was accused of sexually assaulting a woman when he was a student at George Washington University. Not only did she directly say that Miller was a bully, she also called out the other men involved in the production.

Other news