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Trade Deal May Be ‘Far Worse’ After 2020, U.S. President Donald Trump Warns China

While supporters laud Trump as a tough negotiator, free-trade-minded Republicans have warned that the tariffs could do real damage to the economy, and many farmers, including Trump supporters, say the tariffs have hit their bottom line.

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The Yang Ming shipping line container ship Ym Utmost is unloaded at the Port of Oakland, July 2, 2018, in Oakland, Calif. VOA

President Donald Trump warned China Saturday that it should strike a trade deal with the United States now, otherwise an agreement would be “far worse for them if it has to be negotiated in my second term.”

Washington and Beijing are locked in a trade battle that has seen mounting tariffs, sparking fears the dispute will damage the global economy.

Two days of talks ended Friday with no deal. China’s top negotiator said the two sides would meet again in Beijing at an unspecified date, but warned that China would make no concessions on “important principles.”

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Only a week earlier, the United States and China had seemed poised to complete a sweeping agreement. VOA

Accusations and higher tariffs

Trump had accused Beijing of reneging on its commitments in trade talks and ordered new punitive duties, which took effect Friday, on $200 billion worth of Chinese imports, raising them to 25 percent from 10 percent.

He then cranked up the heat further, ordering a tariff hike on almost all remaining imports — $300 billion worth, according to US Trade Representative Robert Lighthizer — from the world’s second-biggest economy.

Those tariffs would not take effect for months, after a period of public comment.

Trump also said Saturday that firms could easily avoid additional costs by producing goods in the United States.

“Such an easy way to avoid Tariffs? Make or produce your goods and products in the good old USA. It’s very simple!” he tweeted, echoing a similar message he sent Friday, and even retweeted.

Poised for a deal

Only a week earlier, the United States and China had seemed poised to complete a sweeping agreement.

Washington wants Beijing to tighten its intellectual property protections, cut its subsidies to state-owned firms and reduce the yawning trade deficit; China wants an end to tariffs as part of a “balanced” deal.

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Trump also said Saturday that firms could easily avoid additional costs by producing goods in the United States. VOA

While supporters laud Trump as a tough negotiator, free-trade-minded Republicans have warned that the tariffs could do real damage to the economy, and many farmers, including Trump supporters, say the tariffs have hit their bottom line.

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As the trade war spread, China imposed $110 billion in duties on farm exports and other US goods.

Republican Senator Chuck Grassley, from the farm state of Iowa, cautiously welcomed the new tariffs but urged negotiators to reach a quick solution “so we can avoid prolonged tariffs, which we know have an impact on the US economy.” (VOA)

Next Story

New Virus Can Spread Through Human Contact: China

China: Possible That New Virus Could Spread Between Humans

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Security guards stand in front of the closed Huanan wholesale seafood market, where health authorities say a man who died from a respiratory illness had purchased goods from, in the city of Wuhan, Hubei province, China. VOA

The possibility that a new virus in central China could spread between humans cannot be ruled out, though the risk of transmission at the moment appears to be low, Chinese officials said Wednesday.

Forty-one people in the city of Wuhan have received a preliminary diagnosis of a novel coronavirus, a family of viruses that can cause both the common cold and more serious diseases. A 61-year-old man with severe underlying conditions died from the coronavirus on Saturday.

While preliminary investigations indicate that most of the patients had worked at or visited a particular seafood wholesale market, one woman may have contracted the virus from her husband, the Wuhan Municipal Health Commission said in a public notice.

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Commuters wear protection masks inside a subway train in Hong Kong, China. VOA

The commission said the husband, who fell ill first, worked at the Huanan Seafood Wholesale Market. Meanwhile, the wife said she hasn’t had any exposure to the market.

It’s possible that the husband brought home food from the market that then infected his wife, Hong Kong health official Chuang Shuk-kwan said at a news briefing. But because the wife did not exhibit symptoms until days after her husband, it’s also possible that he infected her.

Chuang and other Hong Kong health officials spoke to reporters Wednesday following a trip to Wuhan, where mainland Chinese authorities briefed them on the outbreak.

The threat of human-to-human transmission remains low, Chuang said, as hundreds of people, including medical professionals, have been in close contact with infected individuals and have not been infected themselves.

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She echoed Wuhan authorities’ assertion that there remains no definitive evidence of human-to-human transmission.

The outbreak in Wuhan has raised the specter of SARS, or severe acute respiratory syndrome. SARS is a type of coronavirus that first struck southern China in late 2002. It then spread to more than two dozen countries, killing nearly 800 people. (VOA)