But there have been signs in the past few weeks that as U.S. President Donald Trump has ratcheted up the pressure on
China over its trade policy — including a series of threats to impose punitive tariffs on Chinese goods coming into the United States — that a backsliding on deleveraging may be close.
Not exact matches
The U.S.
Trade Representative's office is due to rule on an investigation into
China's
policies following concerns
over their impact on intellectual property rights.
Based on wire headlines from Reuters, Xi made all the right noises when it came to the outlook for Chinese
trade policy, helping to calm investor nerves that have been rattled
over the past month as
trade tensions between the United States and
China increased.
Investors shouldn't worry
over the latest round of
trade policy retaliation between the U.S. and
China, according to Goldman Sachs.
He explained that his comments, reported by the Globe and Mail, have been taken out of context, saying: «In the context of our current discussions
over trade and globalization,
China's
policy in some regards is closer to Canada's
policy than Canada is to the U.S.»
A
China - based business source with knowledge of discussion among senior European officials said there had been a «clear effort» by the U.S. government
over the past six months to introduce a coordinated approach to Chinese industrial
policy, but that Trump's proposed metals tariffs under section 232 of the
Trade Expansion Act of 1962 had undermined support from Europe.
On Sept. 5 of this year, the Dow dropped 234 points amid a series of potentially volatile political events, including the debate
over raising the debt ceiling, a possible government shutdown, and threats from Trump
over trade policy with
China.
With tough and uncertain negotiations happening simultaneously with the United States
over NAFTA, Japan
over TPP and with
China (plus Southeast Asia and India down the line), Canada's
trade policy is at a critical juncture.
The day's
trading was driven by uncertainty
over how to interpret the Federal Reserve's recent
policy statement as well as worries
over talks in Beijing designed to avert a full - blown U.S. -
China trade war.
Concerns
over trade imbalances, alleged
trade - rule violations, subsidization and state - owned enterprises, metastasizing industrial
policies, discriminatory treatment of non-Chinese companies, and other forms of
trade and investment protectionism have preoccupied Washington for a decade — ever since the United States limped out of a debilitating recession to find that
China had supplanted it as the world's largest manufacturer and had set its sights on leapfrogging the United States, at all costs, to the technological fore.
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China has raised import duties on a $ 3 billion list of U.S. pork, apples and other products in an escalating dispute with Washington
over trade and industrial
policy.