Categories for China

32,042. 1/3/2020

BUSINESS/CHINA/TRADE WAR/TRUMP AS PRESIDENT: “American manufacturing activity contracted last month more than it had in a decade, data released Friday [1-3-20] showed, a sign that economic damage from President Trump’s trade war could linger even after the United States and China sign an initial trade deal. An index published by the Institute for Supply Management dropped to 47.2 in December, the lowest reading since June 2009 and the fifth straight month of contraction. A reading below 50 indicates the manufacturing sector is contracting. The lackluster manufacturing data came amid growing concerns that Mr. Trump’s recent truce with China may only partly relieve economic damage from a prolonged trade war. Mr. Trump said Tuesday that the United States and China would sign an initial trade deal at the White House on Jan. 15, and that talks for a second-phase deal would begin ‘at a later date.’”

Ana Swanson and Jeanna Smialek, “U.S. Manufacturing Slumps as Trade War Damage Lingers,” The New York Times online, January 3, 2020

31,951. 12/31/2019

CHINA/TRUMP AS PRESIDENT: “RT @heatherjones333: MAGNIFICENT TRUMP- KEEPING HIS PROMISES 🇺🇸 🇺🇸 🇺🇸 BREAKING: President Trump Announces He Will Sign Phase One in China…”

Donald Trump, Twitter.com, December 31, 2019 7:17 pm

31,918. 12/31/2019

CHINA/TRADE DEALS/TRUMP AS PRESIDENT: “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House. High level representatives of China will be present. At a later date I will be going to Beijing where talks will begin on Phase Two!”

Donald Trump, Twitter.com, December 31, 2019 9:16 am

31,806. 12/14/2019

CHINA/CHUCK SCHUMER/TRUMP AS PRESIDENT: “Chuck Schumer sat for years during the Obama Administration and watched as China ripped off the United States. He & the Do Nothing Democrats did NOTHING as this $ carnage took place. Now, without even seeing it, he snipes at our GREAT new deal with China. Too bad Cryin’ Chuck!”

-Donald Trump, Twitter.com, December 14, 2019 2:09 pm

31,776. 12/13/2019

CHINA/TARIFFS/TRUMP AS PRESIDENT: “We have agreed to a very large Phase One Deal with China. They have agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more. The 25% Tariffs will remain as is, with 7 1/2% put on much of the remainder….”

Donald Trump, Twitter.com, December 13, 2019 10:25 am

31,774. 12/13/2019

CHINA/TARIFFS/TRUMP AS PRESIDENT: “The Wall Street Journal story on the China Deal is completely wrong, especially their statement on Tariffs. Fake News. They should find a better leaker!”

Donald Trump, Twitter.com, December 13, 2019 9:06 am

31,735. 12/12/2019

CHINA/TRADE DEALS/TRADE WAR/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Thursday [12-12-19] signed off on a trade deal with China that would delay a new round of tariffs that was to be put in place on Dec. 15, Bloomberg News reported. A source briefed on the trade talks told Reuters earlier on Thursday that the United States had reached a ‘deal in principle’ with Beijing to resolve a 17-month-old trade war and that an announcement was expected later on Thursday.”

Tim Ahmann, “Trump signs off on tariff deal with China: Bloomberg News,” Reuters, December 12, 2019 1:53 pm

31,713. 12/12/2019

CHINA/TRUMP AS PRESIDENT: “Getting VERY close to a BIG DEAL with China. They want it, and so do we!”

Donald Trump, Twitter.com, December 12, 2019 9:35 am

31,304. 12/6/2019

CHINA/TRUMP AS PRESIDENT/WORLD BANK: “Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!”

Donald Trump, Twitter.com, December 6, 2019 7:28 pm

31,167. 12/3/2019

CHINA/ELECTION/TRADE WAR/TRUMP AS PRESIDENT: “President Trump signaled on Tuesday [12-3-19] that he was in no rush to end a long trade war with China, suggesting that he could wait until after the 2020 presidential election to strike a deal and sending stock prices tumbling…Mr. Trump’s comments rattled European stock markets and sent the Dow Jones industrial average down 400 points by 10 a.m. They cast more uncertainty on an agreement he said he had made weeks ago with China’s top trade envoy, Vice Premier Liu He. They announced in mid-October that they had reached a so-called Phase 1 trade agreement that would allow Chinese purchases of American agricultural goods to resume while the United States would cancel additional tariffs scheduled for Oct. 15.”

Katie Rogers, Keith Bradsher and Ana Swanson, “Trump Warns Trade Talks With China May Last Past 2020 Election,” The New York Times online, December 3, 2019

31,164. 12/3/2019

CHINA/ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “After weeks of relative calm and record highs, stocks in the United States fell Tuesday [12-3-19] for the third straight day after President Trump’s comments on his China trade war rattled investors and revived some of the market volatility that has become a signature of the dispute between the world’s two largest economies. Speaking in London, where he was attending a NATO meeting, Mr. Trump hinted that he was ready to wait until after the 2020 election to come to terms with China. During a wide-ranging appearance with Jens Stoltenberg, the NATO secretary general, Mr. Trump tamped down hopes that an agreement would be struck before the end of the year, telling reporters: ‘I have no deadline, no.’ On Wall Street, the remarks sent stocks lower. After falling more than 1 percent in early trading, the S&P 500 recovered a bit to finish the day down 0.7 percent.”

Matt Phillips, “Trump Volatility in Markets Is Back,” The New York Times online, December 3, 2019

31,118. 12/2/2019

CHINA/ECONOMY/TARIFFS/TRUMP AS PRESIDENT: “U.S. Markets are up as much as 21% since the announcement of Tariffs on 3/1/2018 – and the U.S. is taking in massive amounts of money (and giving some to our farmers, who have been targeted by China)!”

Donald Trump, Twitter.com, December 2, 2019 6:11 am

31,075. 11/29/2019

CHINA/ELECTION/NAFTA/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump needs two big achievements to keep markets and the economy as glittering assets in his challenging 2020 reelection bid: passage of a new NAFTA and a trade deal with China. But Democrats are stringing him along on the first — the U.S.-Mexico-Canada Agreement — and he’s engaged in a seemingly endless rope-a-dope with China on the second with no guarantee of success. That’s left the economy as a major wild card for next year. Businesses are sitting on cash instead of making investments. Growth is stalled at around 2 percent and expected to slow. Jobs numbers are decent but far from ‘yuge.’ And big campaign promises remain unfulfilled. Even Trump’s most ardent supporters acknowledge the president’s reelection bid would face enormous risks if the economy turns down next year.”

Ben White, “2 big things that could save or sink Trump in 2020,” Politico, November 29, 2019 7:59 am

31,058. 11/27/2019

CHINA/HONG KONG/PROTESTS/TRUMP AS PRESIDENT: “U.S. President Donald Trump signed into law here congressional bills that back protesters in Hong Kong and threaten China with possible sanctions on human rights, prompting China’s Foreign Ministry on Thursday [11-28-19] to warn of ‘firm counter measures’. Mass protests for more democracy and autonomy have rocked the former British colony and more than 5,800 people have been arrested since June, with the escalating violence raising fears that China will ratchet up its response to end the unrest. The ‘Hong Kong Human Rights and Democracy Act,’ which the Senate and House passed last week, puts the special treatment Hong Kong enjoys under U.S. law under tighter scrutiny linked to the extent of the territory’s autonomy from Beijing. A second bill, which Trump also signed, bans the export to the Hong Kong police of crowd-control munitions, such as teargas, pepper spray, rubber bullets and stun guns.”

Reuters Staff, “Trump signs Hong Kong bills; Beijing vows retaliation: Now what?,” Reuters, November 27, 2019 8:33 pm

31,057. 11/27/2019

CHINA/HONG KONG/LEGISLATION/SANCTIONS/TRUMP AS PRESIDENT: “President Trump on Wednesday [11-27-19] signed tough legislation that authorizes sanctions on Chinese and Hong Kong officials responsible for human rights abuses in Hong Kong, signaling support for pro-democracy activists and escalating tensions with Beijing as Mr. Trump tries to negotiate a trade deal with Chinese leaders. China’s Foreign Ministry was furious, saying the bill ‘seriously interfered with Hong Kong affairs, seriously interfered with China’s internal affairs, and seriously violated international law and basic norms of international relations.’ The ministry warned the United States against acting arbitrarily and said that any consequences would ‘be borne by the United States.’ Whether Mr. Trump would sign the legislation had been a subject of debate.”

Emily Cochrane, Edward Wong and Keith Bradsher, “Trump Signs Hong Kong Democracy Legislation, Angering China,” The New York Times online, November 27, 2019

31,041. 11/26/2019

CHINA/HUMAN RIGHTS/MIKE POMPEO/STATE/TRUMP AS PRESIDENT: “Secretary of State Mike Pompeo on Tuesday [11-26-19] stopped just short of endorsing legislation that would punish violent crackdowns against pro-democracy activists in Hong Kong, a plan that could imperil trade with both the Hong Kong government and China. In wide-ranging remarks at the State Department, Mr. Pompeo took care to note that the decision on the bill would be made by President Trump and would come “before too long’…With veto-proof majorities, both the House and the Senate have approved legislation that would compel the United States to support pro-democracy activists who are demanding true semi-autonomy in Hong Kong. The bill would impose economic sanctions on Chinese and Hong Kong officials responsible for human rights abuses in the territory, which has been roiled by increasingly violent protests since June. Additionally, the legislation would require the State Department to review annually the special autonomous status it grants Hong Kong in trade considerations.” 

Lara Jakes, “Pompeo Warns China to Honor ‘Human Rights Standards’ in Hong Kong,” The New York Times online, November 26, 2019

30,917. 11/22/2019

CAMBODIA/CHINA/EU/TRUMP AS PRESIDENT: “U.S. President Donald Trump has written to Cambodian Prime Minister Hun Sen urging him to put the Southeast Asian nation back on a democratic path and seeking to improve ties with one of China’s closest regional allies. Hun Sen, who has ruled Cambodia for more than 34 years, has been under increasing western pressure to improve his human rights record, with the European Union threatening the withdrawal of important trade benefits. The relationship with the United States has been particularly dire after Cambodian accusations of U.S. plotting against Hun Sen…Critics have called Cambodia a one-party state since the Supreme Court dissolved opposition Cambodian National Rescue Party (CNRP) in 2017, paving the way for Hun Sen’s ruling party to win all the seats in parliament in an election last year.”

Reuters Staff, “Trump Urges Cambodia to Return to ‘Democratic Path’ After Crackdown,” The New York Times online, November 22, 2019

30,914. 11/22/2019

BUSINESS/CHINA/TRADE WAR/TRUMP AS PRESIDENT: “Global stocks inched up on Friday [11-22-19], lifted by China’s renewed offer to work out a trade pact with Washington and despite signs that manufacturing in major eurozone economies was grinding to a halt. But gains were limited by uncertainty over how the 16-month-old U.S.-China trade war plays out and how much it may undermine the world economy. Such jitters have put MSCI’s index of global shares on course to snap a six-week streak of gains, with lacklustre economic data and rising political risks in the United States and Britain also casting a pall over sentiment. European shares rose off three-week lows touched on Thursday when it seemed that U.S. legislation on Hong Kong would undermine planned trade talks between the world’s two largest economies. The broader Euro STOXX 600 was up 0.4% and London-listed shares outperformed with a 1% rise as trade-exposed miners, banks and energy companies recovered from falls earlier this week.”

Sujata Rao, Tom Arnold, “GLOBAL MARKETS-Global shares inch up, but trade worries linger,” Reuters, November 22, 2019 4:20 am

30,848. 11/20/2019

CHINA/HOUSE OF REPS/LEGISLATION/TRUMP AS PRESIDENT: “The House on Wednesday [11-20-19] overwhelmingly passed legislation aimed at protecting human rights in Hong Kong, one day after a unanimous vote in the Senate drew condemnation from Beijing as an unwarranted interference in its domestic affairs. The bill now heads to President Donald Trump’s desk. The White House had no comment on the legislation after the 417-1 House vote. Trump is expected to sign the legislation even though it could further complicate his efforts to reach a preliminary trade deal with China, after the bill garnered veto-proof majorities in both chambers…The Hong Kong Human Rights and Democracy Act would require the secretary of State to certify, at least once a year, whether Hong Kong continues to have enough control over its own affairs to warrant maintaining its special trade status under U.S. law.”

Doug Palmer, “House sends bill supporting Hong Kong protesters to Trump,” Politico, November 20, 2019 6:00 pm

30,714. 11/17/2019

AGRICULTURE/CHINA/TARIFFS/TRUMP AS PRESIDENT: “Our great Farmers will recieve another major round of ‘cash,’ compliments of China Tariffs, prior to Thanksgiving. The smaller farms and farmers will be big beneficiaries. In the meantime, and as you may have noticed, China is starting to buy big again. Japan deal DONE. Enjoy!”

Donald Trump, Twitter.com, November 17, 2019 11:08 am

30,514. 11/12/2019

CHINA/ENERGY/TRUMP AS PRESIDENT/UKRAINE: “….Ukrainian energy company, and more millions taken from China, and now reports of other companies and countries also giving him big money, are certainly looking very corrupt (to put it mildly!) to me. Both Bidens should be forced to testify in this No Due Process Scam!”

Donald Trump, Twitter.com, November 12, 2019 6:25 am

 

30,511. 11/11/2019

AUTO INDUSTRY/CHINA/ECONOMY/GERMANY/TRADE DEALS/TRUMP AS PRESIDENT: “For three decades, China’s burgeoning demand for German cars, machines and engineering tools has been a steady engine of growth for Europe’s largest economy, gratefully championed by successive governments in Berlin. But the engine is starting to splutter. China’s economy is slowing, Donald Trump’s ‘America First’ policies are hurting global trade and China’s factories are becoming rivals to the German giants that once supplied them. The slowdown is not helping at a challenging time for Germany. Its economy contracted 0.1% in the second quarter and some analysts expect third-quarter gross domestic product (GDP) data due on Nov. 14 to show a similar decline – which would leave the economy in recession for the first time since 2013. While German trade with China is only a small part of the country’s 3.4 trillion euro (3.8 trillion) economy, it has been one of the few components of GDP that Berlin could count on to grow year after year.”

Michael Nienaber, “Germany’s Chinese growth engine stalls,” Reuters, November 11, 2019 11:13 pm

30,491. 11/11/2019

CHINA/ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “‘The Chinese say (about Trump’s Trade War & Tariffs), ‘he brought us to the table.’ This is the most prosperous economy the world has ever seen, and it’s going to be a very prosperous economy.’ Jamie Dimon on @60Minutes Thank you President Trump & the Republican Party!”

Donald Trump, Twitter.com, November 11, 2019 9:25 am

30,099. 10/31/2019

CHINA/ECONOMY/FEDERAL RESERVE/TRUMP AS PRESIDENT: “President Donald Trump on Thursday [10-31-19] said the U.S.’ own central bank poses a bigger threat to the economy than China because it is keeping interest rates at levels that are higher than in other countries…The central bank on Wednesday [10-30-19] cut interest rates for the third time since July, but Powell signaled that it is done reducing borrowing costs for now, until there’s evidence the economy really needs yet another stimulus. That angered Trump, who has loudly called for rates to drop to zero — or even lower — to boost the economy as he heads into his reelection campaign. Trump’s missives on Thursday seemed to answer his own question from a couple of tweets in August. ‘My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?’ he asked back then. (His tweet today downgraded Powell from ‘enemy’ to ‘problem.’)”

Victoria Guida, “Trump: Fed is a bigger problem for economy than China,” Politico, October 31, 2019 12:24 pm

30,096. 10/31/2019

CHINA/FEDERAL RESERVE/TRUMP AS PRESIDENT: “….our manufacturers. We should have lower interest rates than Germany, Japan and all others. We are now, by far, the biggest and strongest Country, but the Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve is! We will win anyway.”

Donald Trump, Twitter.com, October 31, 2019 9:37 am