China, Trump and Beijing
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China Apr. industrial output, retail sales growth slow
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China’s defiant stance in negotiating a tariff truce with the US has convinced some countries they need to take a tougher position in their own trade talks with the Trump administration.
Beijing is trying to win over other countries with vows of economic cooperation. But it won’t back down from its territorial claims, experts predict.
This year's U.S. tariff hikes of 145% left lasting economic damage and even after the Geneva talks remain high enough to continue to hurt the job market and slow Chinese growth.
The 90-day tariff truce agreed by the United States and China during trade talks in Switzerland last weekend is too short, China's state-backed Global Times said on Friday, as envoys from the world's two biggest economies regrouped in Korea.
Global investment banks are raising their forecasts for China's economic growth this year, after Beijing and Washington agreed to a 90-day pause on tariffs, despite uncertainty around Sino-U.S. trade negotiations.
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Tuko on MSNChina factory output beats forecasts with 6.1pc growth despite US tariffs and weak consumer demandFactory output in China grew at a faster rate than expected last month, official data showed today, weathering a brutal trade war with Washington.
The president has backtracked repeatedly on his tariff policies, creating a whiplash with downsides and few clear benefits so far.