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Title: China's premier hopes trade war can be averted, pledges more open economy
Source: [None]
URL Source: https://www.msn.com/en-us/finance/m ... of-trade-war-mounts/ar-BBKrJ4z
Published: Mar 20, 2018
Author: Kevin Yao and Philip Wen
Post Date: 2018-03-20 07:57:52 by A K A Stone
Keywords: None
Views: 1053
Comments: 14

China will open up its economy further, and its door to the outside will only get wider, with foreign and domestic firms allowed to compete on an equal footing, Premier Li Keqiang said at the close the country's annual parliament session on Tuesday.

The familiar-sounding pledges from Beijing came as the prospect of a global trade war loomed in the wake of U.S. President Donald Trump imposition of hefty import tariffs on steel and aluminum earlier this month.

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Begin Trace Mode for Comment # 13.

#13. To: A K A Stone (#0)

Trump Says He's 'Delivering' for Farmers. His Steel Tariff Says Otherwise

But while Trump talks about "delivering for" American farmers, the most significant economic policy to come out of the White House so far this year stands to hurt farmers—and businesses dependent on farming—more than many other sectors of the economy. Trump's 25 percent tariff on imported steel will increase the cost of farming equipment and cut into farmers' bottom lines, and the tariff might trigger a trade war that could cut off American exports to Europe and China.

"There's not a day on the farm when a farmer doesn't touch steel," Rep. David Young (R-Iowa) told Treasury Secretary Steve Mnuchin during a House Appropriations Committee hearing earlier this month. "The agriculture industry is worried about these tariffs on aluminum and steel."

Young joined the rest of Iowa's congresssional delegation in sending a letter to the White House earlier this month urging Trump to reconsider the tariff "given the consequences this will have on states like Iowa, rural communities throughout the nation, and on America's farms."

Deckard  posted on  2018-03-22   9:43:15 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 13.

#14. To: Deckard (#13)

Screw your new world order where we sell out our people.

If they don't want to pay for steel made by Americans because they want slave labor to maake it. Then they can go farm in China. A farmer didn't write this bullshit. You get dumber every day.

You just pretend to be against the new world order.

A K A Stone  posted on  2018-03-22 10:00:02 ET  Reply   Untrace   Trace   Private Reply  


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