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detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be f
airly costly, said Chen Wenling, chief econ omist at the China Center for International Economic Exchanges.
they buy finished products or goods made from r aw materials and components, the tariffs still exist, Chen said.
ion will make goods produced by both countries less co mpetitive and cause large-scale job losses, said Chen.
uo, former vice-minister of commerce, said economic conflict s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
American Soybean Association President Davie Stephens said on Tuesday.
Donald Trump threatened in a tweet on Sunday to increase tariffs. Stephens, a grower from Clinton, Kentucky, said that US farmers are in a tough situation, and with depressed prices
old stocks forecast to double before the 2019 harvest begins in September, farmers urgently need the China market. “We need a positive resolution of this ongoing tariff dispute, not further escalation of tensions,” he said in a release p
osted on the ASA web site. Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foun
dation, said that if the Trump administr
ation follows through on the president’s threat, it’s US taxp ayers, not Chinese taxpayers, who will pay the price — thanks to higher prices and fewer job opportunities.
ic and trade consultations, with a goal of implementing the consensuses President Xi Jinping and US President Donald Trump r
eached in December, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.
China has made various moves recently to expand the new round of reform and opening-up — such as the approval of the Foreign Investm
in March and further facilitating trade connectivity under the Belt and Road Initiative. It will cont inue opening its market in a proactive, steady and orderly manner, in accordance with its own development ne
eds and its own pace and timetable, to benefit Chinese and global consumers across the world, said Tu Xinquan, a pro
fessor of international trade at the Univer
sity of International Business and Economics in Beijing. James Collins, CEO of Corteva Agriscience, the agricultural division of US-bas
Pont, said he hopes the two countries will reach a positive resolution, to benefit both countries and the re st of the
world. Collins said his firm was “not so much affected” in the short term by China-US trade tensions.
interest in philosophy, history, literature, culture, music and sports, and that he first cul
tivated many of these interests back in middle sch
ool and they have stayed with him ever since. His job is serving the people, and he works hard with a busy schedule, but takes great pleasure in his work, Xi wrote.
The Niles N
orth students also inquired whether Xi likes the US. Xi answered in the letter that he has visited their country many times and is impressed with the “beautiful landscape, hos
pitable people and diverse culture”, and he made
a lot of friends, including some young people. He said the students are “wonderful” and expressed hope that they will make greater progress in studying Chinese.
g Chinese will help them better understand China, a d get acquainted with more Chinese friends and Chinese-speaking friends across the world, Xi said.