The race is on to get Chinese goods into the US before President Donald Trump's tariffs bite. Laminated safety glass, windshields of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels were mentioned, as well as laminated safety glass (other than windshields) of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels. -China Business Council (USCBC) was released earlier this week after President Donald Trump announced his intentions to impose tariffs on more than $200 billion worth of Chinese imports, subject to a 10% tariff beginning September 24. China has vowed to counterpunch with tariffs on $60 billion in US goods.
More Money: Get ready.
The Chinese cities and provinces have been hit by the Trump tariffs plan.
According to the Labor Department, the average cost of washing machines was up 17 percent in just the past three months, The Wall Street Journal reported.
"To deal with the trade war, what China really should do is to focus on doing its own thing well", said the newspaper, which is published by the ruling Communist Party.
The United States wants to pressure China to make sweeping changes to its trade, technology transfer and high-tech industrial subsidy policies.
This week saw an escalation in the tit-for-tat trade war between the United States and China.
"On China-U.S. frictions, people should make preparations for the next 20 years", Ma said.
His remarks gave a lift to the yuan, which has lost about 9 percent of its value since mid-April amid the ongoing trade war.
Ma and Trump met in January past year to discuss how adding small and medium-sized United States businesses to Alibaba's platform would boost employment. It's true that the Chinese economy is growing very slowly, if at all: nobody believes the official figure of six or seven percent annual growth.
But China is only a sham capitalist economy. In this scenario, it's worldwide trade that would collapse, which wouldn't be in anybody's interest.
The tariff exchange is creating casualties in the United States. It should be to encourage China to be a better economic partner. Yet his obsession is completely misplaced: 85 percent of the seven million American manufacturing jobs lost since 2000 were eliminated by automation, not by trade.
Investors were relieved that the latest escalation was less severe than some market participants had expected, with Asian stocks rising on Wednesday and U.S. Treasury yields near four-month highs.