China and the United States face new tariff threats

AP / Andrew Harnik

• Progress toward a trade deal stalled last month after the US said China had reneged on major commitments.
• Tensions between Beijing and Washington have steadily increased since then.
• This suggested the possibility that tariffs could remain in force for an extended period and be extended to a wider range of products.

Tensions between Beijing and Washington have steadily increased since the failure of the talks in May, negating the hope of détente among the largest economies, while they remained immersed in a growing commercial war.

This suggests that tariffs may remain in place for an extended period of time and be extended to a wider range of products. Last month, progress towards an agreement is blocked after the United States m said China has reneged on its major commitments.

"The stock markets and companies have bet that a lot of the gust could be a bargaining tactic, and we were getting ready for a resolution of this year-long trade war," said Brian Keare, head of information technology at the data analysis software. Incorta start.

"But I think rather that we have had an increase in the rate of duty that changes the game and a realization of thousands of companies who hope that this is no longer a strategy and that we could be in this way to long term, "added Keare, who has advised companies like Broadcom, Starbucks and Apple.

The Chinese government has published travel warnings for the United States on Tuesday, claiming that its citizens had been victims of what they called harassment on the part of US law enforcement. A separate alert from the Chinese Ministry of Culture and Tourism added that shootings and robberies had become frequent.

A spokesman for the Ministry of Foreign Affairs also condemned the United States in a declaration US Secretary of State Mike Pompeo called on the Chinese government to publicly recognize the anniversary of the deadly crackdown Tiananmen Square in 1989claiming that his statement constituted an interference in his internal affairs.

This occurred after the US Trade Representative rejected Monday night a report by the Beijing government that blamed Washington for the trade war.

"The United States is disappointed that the Chinese have chosen in the" White Paper "issued yesterday and in recent public statements to pursue a game of reproach distorting the nature and history of trade negotiations between the two countries", said the USTR. m said.

In a statement at the monetary policy conference in Chicago on Tuesday, Federal Reserve Chairman Jerome Powell reported the central bank was ready to intervene if the conditions of trade deteriorated.

"We are closely watching the implications of these developments for the US economic outlook and, as always, we will act appropriately to support the expansion," he said of the trade talks.