China finds new ways to pressure Trump into commercial stalemate

Beijing has warned its citizens in recent days not to visit or study in the United States, which could have repercussions on universities and tourist destinations, and this week reprimanded Secretary of State Mike's remarks. Pompeo on the occasion of the 30th anniversary of the Tiananmen Square mbadacre.

Diplomatic relations between the two countries are compromised after the collapse of trade talks last month. Trade negotiations have been suspended for an indefinite period since President Donald Trump raised tariffs on all Chinese imports due to Beijing's inability to meet its previous commitments as part of a commercial agreement. China reacted by applying its own sanctions on US products, which came into effect last week.

Among the bilateral meetings, Trump's chief financial officer will hold in Fukuoka, including the finance ministers of Japan, Germany, France and Italy, as well as the governor of the People's Bank from China, Yi Gang.

On Thursday, Trump threatened to continue to put more pressure on China in the form of additional tariffs on $ 300 billion of goods from Beijing if negotiations did not lead to progress.

"I can still raise at least $ 300 billion and I will do it at the right time," the president told reporters at Shannon Airport in Ireland en route to France. "I think China wants to negotiate badly."

For its part, Beijing also said it would "not give in under pressure" from the United States, especially on key issues related to the country's sovereignty, according to a government report on published trade policy Sunday. China blamed the latest trade stalemate on the United States, saying it was acting like a bully.

The government document also accused the White House's "America First" strategy of undermining the global economy, while leaving the door open for resumption of talks. "China is open to negotiations, but will fight to the end if necessary," the report said.

Trade will be among the top priorities discussed at this weekend's meeting of finance ministers and central bankers, who may warn that the negative impact of multiple commercial disputes caused by the administration Trump could jeopardize global growth.

The escalation of trade risks prompted Tuesday Federal Reserve Chairman Jerome Powell to badure investors that policymakers were closely monitoring trade tensions.

"We do not know how or when these business problems will be solved," Powell said, speaking at a conference organized by the Chicago Federal Reserve. He added that central bankers will take "appropriate" measures to maintain the expansion of the US economy despite multiple trade disputes and monitor closely.

On Monday, the Chinese Ministry of Education alerted potential students and academics about US visa delays or the total rejection of requests to study. The next day, Beijing issued a separate warning in which it received numerous complaints that US law enforcement agencies were interrogating Chinese citizens entering and leaving the country.

The country's tourism office has also warned citizens that they could put their safety at risk, highlighting frequent "shootings, robberies and thefts".

The announcement of the deadly crackdown in 1989 against pro-democracy protesters on Tiananmen Square sparked many opinions on Tuesday, prompting a heated diplomatic exchange between key diplomats of the two countries.

In a statement, US Secretary of State Mike Pompeo called on the Chinese government to "make a complete public accounting" of the incident, while saluting the "heroes of the Chinese people who bravely defended there is 30 years".

The remarks made by the highest American diplomat prompted an immediate reaction from Beijing, which described them as "prejudices and arrogance".

"Under the pretext of human rights, the declaration comes roughly in China's internal affairs, attacks its system and discredits its domestic and foreign policies," said a spokesman for the Chinese embbady. China to the Chinese Embbady in a statement. "The Chinese side expresses its deep dissatisfaction and firm opposition to it."