[size=32]Summit of 20 and trade dispute between Washington and Beijing
- 3 Days Ago
[/size]
[size][size][url][/url][/size]
[/size]
China's trade dispute between China and the United States since the first Trump days in the White House has heated up. Trump campaigned China unfair trade practices and intellectual property theft. He threatened to impose tariffs on Chinese exports, saying China's entry into the World Trade Organization opened the way for "the biggest theft of jobs In history. "Trump also wants to reduce the trade deficit with China, as he puts it at odds with US manufacturing.
The reason for this sudden US shift was the president and other officials said that China was retreating from commitments it had previously made during the negotiations, impeding agreement and prolonging the negotiation period without real justification other than China's dodging. This prompted Washington to use the last card and raise tariffs on Chinese exports, which were supposed to have been implemented earlier this year, had it not been for the United States to freeze its decision with the agreement between the Chinese and US presidents at the beginning of December to begin negotiations to resolve their trade disputes.
It was expected by US sources to reach an agreement with the end of last month, and if the situation turned upside down with the imposition of US President customs duties higher beginning on the tenth of May, which caused great confusion in economic conditions in four parts of the globe, These disruptions or instability were the following:
First, the decline in the global stock market indices in Europe, America, China, Japan and other countries. The escalation of the trade war reinforced the pessimism that the growth rate of the world economy will see a remarkable decline this year. The International Monetary Fund issued its expectations in April Of global growth, down to 3.3% after earlier forecasting a 3.5% growth rate. Of course, the return of trade disputes and the escalation of mutual threats are reducing trade and destabilizing commodity supply chains that many countries around the world are contributing to. Countries Blood or developing, low level of growth means, of course, the low level of production companies and then the level of revenue and profits, leading to weak demand for stocks and the decline in global capital markets indicators.
[size]Second, with pessimism about global economic growth, of course, there is an increase in demand for some commodities, especially oil, which caused an immediate drop in the price of Brent crude oil by more than 2% last Tuesday, The United States expected to increase US production during the current year to about 12.4 million barrels per day on average, which exceeds previous expectations, and contributes to the increase in supply, and strengthened the tendency towards lower prices also reported by the US Energy Information Administration expected to decrease growth rate World oil demand This year to about 1.38 million barrels per day, after the rates of the past few years exceed 1.6 million barrels per day, not to mention that these estimates exceed other estimates such as OPEC estimates, which sets the growth rate of global demand this year at about 1.2 million barrels per day.
[/size]
Although oil prices rose relatively the next day, this was due to fear of a supply shortfall as US sanctions against Iran and Venezuela were tightened, and US commercial inventories of crude oil unexpectedly fell by about 4 million barrels in the week ending May 2 However, the threats posed by the escalation of the trade war remain a sword on the neck of oil prices or, at the very least, a counterbalance to the fear of a lack of supply.
Thirdly, the rise in gold prices and Japanese yen exchange rates was also notable, with increased demand as safe assets or safe havens in times of confusion and instability in the global economy.
The trade war between the United States and China has escalated in recent days, with both countries announcing new tariffs on other goods. US President Donald Trump has repeatedly said China would pay those taxes even after his economic adviser, Larry Kodlo, admitted Sunday that US companies would pay customs duties on any goods imported from China. Trump was wrong to say that the trade war In the interest of the United States, and it will bring billions of dollars to the US Treasury? Some of the world's largest shoe makers have urged US President Donald Trump to end the trade war with China, warning companies of their disastrous effects on consumers. Some 173 companies, including Nike and Adidas, have signed a letter saying Trump's decision to raise taxes and tariffs on his country's imports from China would affect the working class. She warned that these new fees also threaten the future of a number of companies.
The trade crisis between Washington and Beijing is dominated by the G-20 as the G-20 economies express concern that the global economy is still facing negative risks amid a continuing trade dispute between China and the United States. The two countries began a two-day meeting in southwestern Japan, Japanese Finance Minister Taro Aso told reporters after the first day of the meeting in Fukuoka that they agreed that "the world economy will be strengthened in the latter half of this year." The market confidence will be affected if the trade dispute between the two sides is not resolved, Aso said. China and America. "
Central bankers and other financial regulators who met in the southern Japanese coastal city pointed to the dangers of the Beijing-Washington collision over trade and technology at the global economic level. Treasury Secretary Stephen Manuchein said Washington did not mind negotiations with China but warned that his country would continue to pressure it. Through customs duties if no deal is reached. He dismissed the concerns of other financial leaders who attended the meetings on President Donald Trump's moves toward major Chinese companies led by Huawei's technology giant. Trump announced Thursday, NH will decide whether it will carry out its threat to impose customs duties on the entire tight imports from China amounting to $ 325 billion after the Group of Twenty summit.
Hu said, "China is adopting a management mechanism to protect its core technologies." "This is a major step to improving its regime and a step to confront the US campaign. Once implemented, some technology exports to the United States will be under control. "
"There are growing concerns about the impact of rising trade tensions," IMF Managing Director Christine Lagarde said Wednesday in a statement. "The danger is that recent US and Chinese tariffs could lead to a decline in investment, productivity and growth." The IMF director warned that tariffs, including those imposed earlier, would cut global economic growth by 0.5 percent in 2020 Or about 455 billion dollars, "a larger proportion of the economy of South Africa."
"These wounds are deliberate self-harm and must be avoided. How do? By eliminating recent tariff barriers and avoiding new barriers in any way. "The G20 economies are expected to pledge their efforts to raise taxes more effectively than major technology companies such as Facebook and Google, Kyodo said, citing a joint statement of its meetings Scheduled in Fukuoka City.
International trade observers believe that if the trade dispute between Washington and Beijing continues to be a threat to the conflict between the two countries, the trade war could lead to a major economic crisis threatening the world, and the consequences would be catastrophic given the great interdependence of the global economy. They pointed out that the two countries have the right to protect their economies, but they must take into account the damage that this war may cause to the countries of the world, especially the small economies, and work to reach a consensus that satisfies all parties.
The trade talks between China and the United States will determine the features of the next economic war, said Mohamed Zakaria, an Egyptian economic expert. He said the United States is trying to stop China's dumping operations around the world and that the lifting of customs duties on Chinese imports will have a major impact on The two sides, only the United States will be the biggest loss.
He explained that China's currency is firmly present in banks, which makes it compete strongly with the United States in the economic balance, which is feared by America and trying to disable it in any way to ensure its leadership in the world, but China's exports to the United States is not manufactured by Washington at home, Internal. Everyone is betting that in such situations the wisdom of the world's two economies will lead to understanding, for their common good and for the rest of the world.
[size]He explained that China's currency is firmly present in banks, which makes it compete strongly with the United States in the economic balance, which is feared by America and trying to disable it in any way to ensure its leadership in the world, but China's exports to the United States is not manufactured by Washington at home, Internal. Everyone is betting that in such situations the wisdom of the world's two economies will lead to understanding, for their common good and for the rest of the world.
Economic Studies Unit
Center for Research and Strategic Studies
http://rawabetcenter.com/archives/90445
[/size]
Yesterday at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Yesterday at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Yesterday at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Yesterday at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Yesterday at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Yesterday at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Yesterday at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Yesterday at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Yesterday at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Yesterday at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Yesterday at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Yesterday at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Yesterday at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Yesterday at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Yesterday at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Yesterday at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Yesterday at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Yesterday at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Yesterday at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Yesterday at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Yesterday at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Yesterday at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Yesterday at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Yesterday at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Yesterday at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Yesterday at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Yesterday at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Yesterday at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Yesterday at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Yesterday at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Yesterday at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Yesterday at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Yesterday at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Yesterday at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Yesterday at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Yesterday at 6:56 am by Rocky
» Electronic payment is sustainable growth
Yesterday at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Yesterday at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Yesterday at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Yesterday at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Yesterday at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Yesterday at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Yesterday at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Yesterday at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Yesterday at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Yesterday at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Yesterday at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Yesterday at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Yesterday at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Yesterday at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Yesterday at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Yesterday at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Yesterday at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Yesterday at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Yesterday at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Yesterday at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Yesterday at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Yesterday at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Yesterday at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Yesterday at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Yesterday at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Yesterday at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Yesterday at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Yesterday at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Yesterday at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Yesterday at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Yesterday at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Yesterday at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Yesterday at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Yesterday at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Yesterday at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Yesterday at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Yesterday at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Yesterday at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Yesterday at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Yesterday at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Yesterday at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Wed 27 Mar 2024, 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Wed 27 Mar 2024, 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Wed 27 Mar 2024, 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Wed 27 Mar 2024, 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Wed 27 Mar 2024, 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Wed 27 Mar 2024, 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Wed 27 Mar 2024, 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Wed 27 Mar 2024, 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Wed 27 Mar 2024, 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Wed 27 Mar 2024, 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Wed 27 Mar 2024, 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Wed 27 Mar 2024, 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Wed 27 Mar 2024, 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Wed 27 Mar 2024, 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Wed 27 Mar 2024, 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Wed 27 Mar 2024, 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Wed 27 Mar 2024, 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Wed 27 Mar 2024, 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Wed 27 Mar 2024, 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Wed 27 Mar 2024, 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Wed 27 Mar 2024, 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Wed 27 Mar 2024, 7:12 am by Rocky