A landmark arms control treaty between the U.S. and Russia expired Friday after months in which neither side made serious efforts to preserve a Cold War-era agreement that did not cover an emerging China or evolving missile technology that did not exist a generation ago.
BEIJING (AP) — China on Friday threatened retaliation if U.S. President Donald Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling.
China's government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing's trade surplus and technology ambitions.
Trump rattled financial markets with Thursday's surprise announcement of 10% tariffs on $300 billion of Chinese imports, effective Sept. 1. That would extend punitive duties to everything the United States buys from China.
If that goes ahead, "China will have to take necessary countermeasures to resolutely defend its core interests," said a foreign ministry spokeswoman, Hua Chuying.
"We don't want to fight, but we aren't afraid to," Hua said at a regular news briefing. She called on Washington to "abandon its illusions, correct mistakes, and return to consultations based on equality and mutual respect."
An extra 10% on top of the 25% placed back in May. It almost makes one think that he might be in with the globalist plan such a reckless move that is...
What if the Chinese sell off all of its US treasuries? What if the # 1 customer takes their business elsewhere?
The Senate approved a two-year budget deal on Thursday that lifts strict caps on spending by hundreds of millions of dollars and raises the nation’s borrowing authority -- known as the debt ceiling -- a rare bipartisan agreement crafted by House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin that kicks the delicate issues past the 2020 election.
“To allow the debt ceiling to go up an infinite amount, as much as Congress can possibly spend and borrow, over a nearly two-year period is fiscally irresponsible and has never been seen in our history,” Paul said to his colleagues Thursday. “This may well be the most fiscally irresponsible thing we've done in the history of the United States,” Paul said. Wow. Just wow.