US-China trade snarls as world’s biggest economies brace for divorce

Chinese exporters climb to respond to US dollar tariffs at prices for racing prices, cancellation deliveries and other countries as a bracket of two largest economies in the world.

The US President announced Wednesday 90-day break In most countries, at additional tariffs, but kept its 104 percent on China and charged an additional 21 percent to punish the Beijing to answer.

In response to e-commerce in e-commerce, Chinese sellers rose up to 70 percent of US consumers, while others are going to leave the US market, as the punitive tariffs do not make the trade.

“Chinese sellers won’t be able to pick up extra [financial] The cargo from US tariff campaigns, “said Vang Sin, President of the Shenzhen cross-border e-commerce Association, a group of industry, which represents more than 2000 sellers in China.

“We pass through fire and water,” Wang said, the members of which sell goods to the United States on Amazon, as well as Shani and the Dema.

One of the vendors based on the Jaghuo-based Temu is that some partners have been operating in third countries, such as Jordan, to complete the goods and are then exported to the United States. They say other sellers have experimented with transforming through trade with the United States through business agreements.

But they added that there is a huge amount for Chinese manufacturers transporting production in the country, as Trump signaled from China outside of China.

For now, most Chinese merchants are still waiting and see mode. “At the moment, it is very difficult to implement long-term plans,” said Hu J Jihanlong, Chief Executive Officer of the Brand Factory.

Delivery companies note that transformation orders are canceled, and they expected growing disorders in the coming weeks.

“We now see huge canceling announcements,” said Shanghai cargo transportation. “It simply came to our notice then that people pulled containers.”

“At the moment, we have a new order of about 100 containers, which should be presumably to go to Houston, and everything that keeps it,” the man added. “The situation is changing almost every hour.”

There are also signs of cancellations where trade is now vulnerable to the import of Beijing’s response to the United States.

One of the US Gas Delivery has been canceled due to higher Chinese tariffs, according to a person familiar with the situation. The United States also exports agricultural products, cars and other products to China.

China has been in effect on Thursday Additional 84% Tit-Tat Tariffs: Against the United States, it was planned to bring it to more than 100 percent of American imports. But before that, the signal announced that President Xi Jinping would not return from the commercial war, it was immediately moved to the higher victory pace.

“If you want to talk, the door is open, but the dialogue must be based on an equal basis based on mutual respect,” said the Chinese Ministry of Commerce. “If you want to fight, China will fight to the end. Pressure, threats and blackmail are not the right way to deal with China. “

Since 2007, Renmin has weakened at its lowest level, Beijing is ready to tolerate gradual devaluation in response to US tariffs.

Renimin slipped in RMB7.351 on Thursday, its weakest level in almost 18 years, after China’s People’s Bank weakened the currency for the sixth day. It later turned into a trade, in front of a dollar at RMB7.314.

Secretary of the US Treasury Scott Best has warned China against the depreciation of the currency on Wednesday.

Beijing also engaged in the heat of diplomacy, negotiations with the Minister of Foreign Affairs of the European Commissioner Morosh and Malaysian Minister Zafrul Aziz, whose country is the department of Asia Asia in Southeast Asia.

“China is ready to work with its commercial partners, including ASEAN..

On Thursday, the US shares slipped, giving up a part of the last day’s magnitude in the victory statement. The S & P 500 fell by 2.1% after 9.5% earned by 9.5%. Earlier on Thursday, Japan’s tops closed by 8.1 percent, and Taiwan’s Tais was 9.3 percent, as Wall Street rally spreads. The Stoxx Europe 600 index increased by 4.6 percent in daytime, and the German ducks rose by 5.1 percent, and FTSE 100 advanced by 4 percent.

In contrast, China’s stock indicators were relatively muted, but they were closed, despite the trust tariff. Analysts assumed that with the support of the “national team” – the government’s initiatives were partly increasing the growth of 1.3 percent of the CSI 300. The Hong Kong Hang Seng index was closed 2.1 percent.

Report. Robin Harding, Chan Ho-Neil Ali Alim in Hong Kong, Joe Leahy and Eleanor Olcott in Beijing, Thomas Hale, Laura Onitan and Olivero, Tokyo