Categories for Trade War

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

31,735. 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

31,167. 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

31,132. 12/2/2019

GOP/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump is winning at least one trade war: The one with his own party. Free-trading Republicans have feuded with the president for years now, and his decision on Monday [12-2-19] to reimpose tariffs on Brazil and Argentina brought new criticism from GOP senators — right as he needs them to fend off the impeachment inquiry that threatens his presidency. Yet despite the complaints from Senate Republicans that Trump is eroding his party’s free trade bona fides, the GOP seemingly can’t — or won’t — rally the votes to handcuff the president. Competing proposals that would give Congress more sway over certain tariffs have been languishing in the Senate Finance Committee, leaving more establishment-minded Republicans little option but to sit back and gripe and wonder what just hit them.”

Burgess Everett and Mariane Levine, “Trump conquers Republicans on trade,” Politico, December 2, 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

30,491. 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,, November 11, 2019 9:25 am

29,350. 10/11/2019

CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “U.S. President Donald Trump on Friday [10-11-19] outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed. The emerging deal, covering agriculture, currency and some aspects of intellectual property protections, would represent the biggest step by the two countries in 15 months to end a tariff tit-for-tat that has whipsawed financial markets and slowed global growth. But Friday’s announcement did not include many details and Trump said it could take up to five weeks to get a pact written. He acknowledged the agreement could fall apart during that period, though he expressed confidence that it would not.”

Jeff Mason, David Lawder, “U.S. outlines ‘Phase 1’ trade deal with China, suspends October tariff hike,” Reuters, October 11, 2019 1:50 am

29,056. 10/4/2019

AGRICULTURE/ENERGY/EPA/TRADE WAR/TRUMP AS PRESIDENT: “The Environmental Protection Agency and the Department of Agriculture jointly proposed new rules on Friday that would increase ethanol consumption at the expense of oil refineries to help corn and soybean farmers buffeted by President Trump’s trade wars. The plan would overhaul the system of quotas for ethanol, a fuel that is made from corn and other crops, as they blend their fuels. Its overall goal is to increase the sale of the biofuel beyond the current mandate of 15 billion gallons annually. It also will ensure that a gasoline blend made of 15 percent ethanol will be available at the pumps already in place at most gas stations, rather than requiring the installation of new pumps. The proposal also includes trade measures to increase the access of ethanol to foreign markets. The move is widely viewed as an effort to relieve pressure on farmers at a time when the Trump administration is escalating its trade war with China and Europe.”

Lisa Friedman, “Trump, Facing Farmers’ Discontent, Plans Help for Ethanol,” The New York Times online, October 4, 2019

29,036. 10/3/2019

CHINA/IMPEACHMENT/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump just tossed his most pressing economic issue into the morass of impeachment politics. Trump’s suggestion Thursday [10-3-19] that Beijing should investigate a political rival, moments after threatening America’s ‘tremendous power’ in the ongoing trade talks with China, exposes his long-running negotiations with the world’s No. 2 economy to new scrutiny and could cast a political shadow over the results. Trump’s characteristic conflation of issues comes just a week before Chinese officials are due to arrive for a 13th round of trade talks in Washington. Even if Trump’s comments don’t shift the dynamic at the negotiating table, people who have been tracking every twist in the trade talks say the president’s statement will cloud how any outcome from the talks is received by Trump’s Democratic opponents and other U.S. policymakers.”

Adam Behsudi, “Trump throws an impeachment stink bomb into China trade talks,” Politico, October 3, 2019 6:02 pm

28,999. 10/3/2019

EU/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT/WTO: “The U.S. won a $7.5 Billion award from the World Trade Organization against the European Union, who has for many years treated the USA very badly on Trade due to Tariffs, Trade Barriers, and more. This case going on for years, a nice victory!”

Donald Trump,, October 3, 2019 5:00 am

28,958. 10/1/2019

FEDERAL RESERVE/TRADE WARS/TRUMP AS PRESIDENT: “President Donald Trump on Tuesday [10-1-19] lashed out at the Federal Reserve after a widely tracked gauge of U.S. manufacturing showed the sector shrank for the second straight month, coming in at its worst reading since 2009. Manufacturers have been slammed by a sharp drop in new export orders as a result of the tariff wars that Trump has started with the U.S.’s top trading partners, but the president faulted the Fed for not cutting interest rates fast enough…The president has repeatedly argued that Powell, the Fed chair, and the rest of the central bank are ‘clueless’ for keeping interest rates higher than in other countries. Trump is right that the dollar is strong — making American exports more expensive — although that has much more to do with the relative health of the U.S. economy than with anything the central bank does.”

Victoria Guida, “Trump blames Fed as trade wars weigh on manufacturing,” Politico, October 1, 2019 12:13 pm

28,563. 9/20/2019

CHINA/INDIA/TRADE DEALS/TRADE WAR/TRUMP AS PRESIDENT: “Call it the art of the mini-deal. The Trump administration is on the cusp of announcing a new trade deal with India, potentially within the next week as President Trump prepares to meet with Prime Minister Narendra Modi of India. It should be a proud moment for Mr. Trump, who is eager to announce new markets for American farmers and manufacturers who have been badly hit by his trade war with China. But unlike traditional trade pacts, which cover nearly all sectors of the economy, the India deal appears likely to be confined to only a few sectors and products. Mini-deals are becoming something of a trend for Mr. Trump ahead of the 2020 election. In addition to India, he is expected to soon announce a limited trade agreement with Japan. While smaller deals may prove easier to win than comprehensive agreements, they are raising concerns among some lawmakers and businesses about the precedent Mr. Trump is setting by striking limited pacts that could leave significant issues unresolved.”

Ana Swanson and Vindu Goel, “With India, Trump Practices the Art of the Mini-Deal,” The New York Times online, September 20, 2019

28,119. 9/4/2019

CHINA/TRADE WAR/TRUMP AS PRESIDENT: “‘U.S. Winning Trade War With China In Dollars.’ CNBC” 

Donald Trump,, September 4, 2019 8:52 am

28,092. 9/3/2019

CHINA/ECONOMY/TRADE WAR/TRUMP AS PRESIDENT: “The American manufacturing sector contracted last month, a key measure showed on Tuesday [9-3-19], heightening fears that the trade war with China could bring on a recession. Manufacturing accounts for just 11 percent of the country’s gross domestic product, but it is often seen as an economic harbinger. Stocks fell on Wall Street after the release of the report, from the Institute for Supply Management, with the S&P 500 index closing down 0.7 percent…The institute’s manufacturing index was at 49.1 for August, down from 51.2 in July. Anything below 50 is considered a sign of contraction. The index is based on a survey of purchasing and supply managers.”

Nelson D. Schwartz, “U.S. Manufacturing Slowed in August in Latest Sign of Economic Weakness,” The New York Times online, September 3, 2019

28,089. 9/3/2019

CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “President Trump said on Tuesday [9-2-19] that Chinese manufacturing would ‘crumble’ if the country did not agree to the United States’ trade terms, as newly released data showed his trade war was washing back to American shores and hurting the factories that the president has aimed to protect. Days after new tariffs went into effect on both sides of the Pacific, a closely watched index of American manufacturing activity fell to 49.1 from 51.2, signaling a contraction in United States factory activity for the first time since 2016. The companies responding to the Institute for Supply Management survey, which the index is based on, cited shrinking export orders as a result of the trade dispute, as well as the challenge of moving supply chains out of China to avoid the tariffs. The manufacturing sector’s struggles are likely to increase as the world’s two largest economies continue to escalate their trade fight.”

Ana Swanson, “Trump Says China Will Suffer as Data Shows Trade War Hurting U.S.,” The New York Times online, September 3, 2019

28,055. 9/2/2019

BUSINESS/CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “Before the trade war threatened to upend everything, Lena Phoenix spent most of her hours puzzling over how to expand the thriving footwear business she and her husband had founded in their home in Colorado. Now, she is mostly consumed with finding a way around the tariffs that President Trump just imposed, bringing expensive complications. The latest round took effect on Sunday [9-1-19], increasing the costs that Americans pay for $112 billion worth of goods imported from China, among them the shoes and sandals designed and sold by Ms. Phoenix’s company, Xero Shoes. Mr. Trump has hailed his tariffs as a means of forcing American companies to abandon China and make their goods at home. Ms. Phoenix has taken the trade war as impetus to seek alternatives to the Chinese factories that now make her company’s products. But the United States presents no viable options, she says.”

Peter S. Goodman, “Make Shoes in U.S., or Pay Tariffs? A Footwear Company Seeks a Third Option,” The New York Times online, September 2, 2019

28,008. 8/31/2019

CHINA/DEMS/TRADE WAR/TRUMP AS PRESIDENT: “Just watched Congresswoman Debbie Dingell, and many other Democrats, wanting to give up on our very successful Trade battle with China, which has had its worst Economic year in memory (and getting worse). We are taking in $Billions. Will be big for Farmers and ALL!” 

Donald Trump,, August 31, 2019 1:29 pm

27,941. 8/30/2019

CHINA/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “President Donald Trump on Friday [8-30-19] appeared to accuse companies of falsely claiming that they’ve been hurt by his escalating trade war with China, instead saying they’re mismanaging their businesses…Trump’s comments come just days before the U.S. is set to impose new tariffs on China in two rounds, with the first due to start on Sept. 1. The 10 percent tariff on approximately $112 billion of Chinese goods would likely raise prices for consumer items like electronics and shoes. In one example of corporate America complaining about Trump’s trade war, the Footwear Distributors and Retailers of America wrote a letter to the president this week stating that the planned tariffs would drive up costs for consumers.”

Evan Semones, “Trump blames companies impacted by his trade war,” Politico, August 30, 2019 11:40 am

27,921. 8/30/2019

CHINA/ECONOMY/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “President Trump’s economic advisers do not see a recession on the horizon, but they worry that gloomy news reports and a drumbeat of recession warnings could turn fear of one into reality. In an interview on Thursday [8-29-19], the acting chairman of Mr. Trump’s Council of Economic Advisers, Tomas Philipson, said reporters who had fixated on possible signs of a recession in bond markets this month appeared ‘to want people to lose jobs’ and ‘become not economically self-sufficient’…Mr. Trump’s escalating trade war is the reason economists, traders and the American public are increasingly worried about the possibility of recession. As the president punishes China with higher tariffs — and Beijing retaliates — the fight is exacerbating a global growth slowdown while dragging on investment and business confidence in America.”

Jim Tankersley and Jeanna Smialek, “Will America Talk Itself Into a Recession? Trump’s Advisers Are Worried,” The New York Times online, August 30, 2019

27,911. 8/29/2019

CHINA/ECONOMY/GOP/TARIFFS/TRADE WAR/TRUMP AS PRESIDENT: “Republicans have sat patiently with President Donald Trump on his tariff roller-coaster ride with China. Now they’re starting to feel queasy. Trump argues his escalating trade war will force China to the table for a deal. But his ever-rising tariffs — and his market-rattling tweets — are increasingly alarming the GOP…But particularly as the global economy cools, key Republicans say new levies on almost all Chinese goods threaten to step on the president’s good news story: A growing economy, rising wages and low unemployment. And that could have outsize effects on Republicans’ tough task of defending the Senate and the White House in 2020…Most Republicans have resisted Trump’s protectionist tendencies for ideological reasons as well as for the hit to the economy and their own political fortunes. But they’ve made an exception on China given its economic rivalry with the United States.”

Burgess Everett, “Republicans grow anxious about the Trump economy,” Politico, August 29, 2019 10:01 am

27,852. 8/27/2019

ELECTION/FEDERAL RESERVE/TRADE WAR/TRUMP AS PRESIDENT: “A former top Federal Reserve official implied that the central bank should consider allowing President Trump’s trade war to hurt his 2020 election chances, an assertion that drew a firestorm of criticism and a rare pushback from the Fed itself. William Dudley, the former president of the Federal Reserve Bank of New York and now a research scholar at Princeton University, said in a Bloomberg Opinion piece that ‘Trump’s re-election arguably presents a threat to the U.S. and global economy.’ Mr. Dudley added that ‘if the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020.’ It is a controversial statement, particularly coming from an official who ranked among the Fed’s most powerful policymakers as recently as 2018. It also comes at a sensitive moment for the Fed, which has been under attack from Mr. Trump and trying to assert its independence from the White House and politics in general.”

Jeanna Smialek, “Fed Could Hit Back at Trump, a Former Top Official Suggests,” The New York Times online, August 27, 2019

27,851. 8/27/2019

AGRICULTURE/CHINA/TRADE WAR/TRUMP AS PRESIDENT/TRUMP PEOPLE: “Peppered with complaints from farmers fed up with President Trump’s trade war, Sonny Perdue found his patience wearing thin. Mr. Perdue, the agriculture secretary and the guest of honor at the annual Farmfest gathering in southern Minnesota this month, tried to break the ice with a joke. ‘What do you call two farmers in a basement?’ Mr. Perdue asked near the end of a testy hourlong town-hall-style event. ‘A whine cellar.’ A cascade of boos ricocheted around the room. American farmers have become collateral damage in a trade war that Mr. Trump began to help manufacturers and other companies that he believes have been hurt by China’s ‘unfair’ trade practices. More than a year into the trade dispute, sales of American soybeans, pork, wheat and other agricultural products to China have dried up as Beijing retaliates against Mr. Trump’s tariffs on Chinese imports. Lucrative contracts that farmers long relied on for a significant source of income have evaporated, with Chinese buyers looking to other nations like Brazil and Canada to get the commodities they need.”

Alan Rappeport, “Farmers’ Frustration With Trump Grows as U.S. Escalates China Fight,” The New York Times online, August 27, 2019

27,838. 8/26/2019

CHINA/ECONOMY/TRADE WAR/TRUMP AS PRESIDENT: “As President Trump intermittently escalates and moderates his trade war with China, his conflicting signals reflect a reality that limits his actions: He can try to sever the deeply intertwined American commercial relationship with China, or he can prod economic growth to assuage the fears of investors around the planet. But he cannot do both at the same time. Mr. Trump need not rely on the testimonials of economists to deduce this. He can disregard the admonitions of news outlets he derides as fake news. He can simply consult the one source whose verdicts he tends to celebrate: the stock market. Among those who control money, portents of further trade hostilities between the United States and China, the two largest economies on earth, have proved an impetus to sell with abandon while amplifying talk of recession. Intimations of a deal avoiding further animosity reverberate as a clarion call to buy, sending share prices higher while easing worries about a potential global economic downturn.”

Peter S. Goodman, “Trump Can Battle China or Expand the Economy. He Can’t Do Both.,” The New York Times online, August 26, 2019

27,837. 8/26/2019

CHINA/FRANCE/TRADE WAR/TRUMP AS PRESIDENT: “Remember when President Xi Jinping of China was the ‘enemy’? That was so Friday. As of Monday [8-26-19], according to President Trump, Mr. Xi was ‘a great leader’ and a ‘brilliant man.’ What about that edict by Mr. Trump, who ‘hereby ordered’ American companies to leave China? Three days later, he was positive he would get a trade deal and, if so, then firms should ‘stay there and do a great job.’ Mr. Trump spent the weekend in France insisting that he was not having a debate with his fellow world leaders, but at times it seemed like he was having a debate with himself. Day by day, even hour by hour, his approach to the trade war with China, the most consequential economic conflict on the planet, veered back and forth, leaving much of the world with geopolitical whiplash. If he seemed all over the map, he made clear on Monday, as he wrapped up days of diplomacy, that the world would just have to get used to it. He likes leaving negotiating partners, adversaries, observers and even allies off balance.”

Peter Baker, “As Trump Swerves on Trade War, It’s Whiplash for the Rest of the World,” The New York Times online, August 26, 2019