China, Trump and tariffs
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China was hit particularly hard by US President Donald Trump’s “Liberation Day” trade salvo, unveiled Wednesday, with Beijing now facing 34% tariffs on top of existing 20% duties.
From Yahoo
Trump announced the steepest American tariffs in more than a century, with a 10% tariff on all exporters to the US and even higher duties on some 60 nations.
From Bloomberg L.P.
The United States imported $439 billion worth of goods from China last year, the second top source of imports behind Mexico.
From CNN
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China conducts military drills
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China's military concluded two-day war games around Taiwan in which it held long-range, live-fire drills in the East China Sea, marking an escalation of exercises around the island.
From USA TODAY
Taiwan's government denounced the drills and called China a "troublemaker". The exercises also drew concern from the United States, Japan, European Union and Britain.
From Reuters
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In response to Donald Trump’s first term as president, Xi Jinping, China’s leader, initiated a campaign to reduce China’s economic dependence on America. Chinese officials are hoping that a revival in domestic demand,
8hon MSN
The policy was put into effect by departing U.S. Ambassador Nicholas Burns in January shortly before he left China.
Global ratings agency Fitch on Thursday downgraded China's sovereign credit rating, citing expectations of a continued weakening of public finances and rapidly rising debt.
New restrictions from China’s United Front ban foreign clergy from presiding over religious activities for Chinese people without the invitation of the Chinese government.
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The Senate Foreign Relations Committee confirmation hearing didn’t touch on David Perdue’s past positions on trade, outsourcing and human rights.
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In addition to facing new tariffs and landing at the top of President Trump's list of "bad actors" in his tariff announcement, China has another reason to be angry: Taiwan was listed as a country. Even before Beijing has officially weighed in on the 34% tariff announced by Trump,
China’s No. 3 military official appeared to have missed an annual gathering in Beijing, a rare absence that comes amid speculation he’s the latest target of President Xi Jinping’s anti-corruption purges.