China Will Take Countermeasures to Any US Tariffs, Commerce Ministry Says

AMD and Nvidia Analysts Worry Amid US-China Tensions

Major Stock Indexes Plunge As US Threatens Higher Tariffs On Chinese Goods

The dispute is upsetting investors.

The Dow Jones industrial average was down more than 400 points, almost 1.5 percent late Tuesday morning.

Mr Trump's tough stance on China has won plaudits from both the American left and the right, but the rare bipartisan support also makes it politically hard for him to accept any watered-down deal.

Trump vowed Sunday to ratchet up existing tariffs this week and also to extend the 25 percent punitive duties to the remaining $350 billion in Chinese goods imported into the country each year.

Stock markets around the world have slumped after US President Donald Trump's unexpected threat to impose new tariffs on Chinese exports.

"The reason for the China pullback & attempted renegotiation of the Trade Deal is the honest HOPE that they will be able to "negotiate" with Joe Biden or one of the very weak Democrats", Trump tweeted.

Traders work on the floor at the New York Stock Exchange on Tuesday, when major stock indexes plunged after USA officials accused China of reneging on commitments in trade negotiations.

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Beijing said on Tuesday that Chinese Vice Premier Liu He will visit the U.S. on Thursday and Friday for trade talks. They wouldn't identify the specific issues involved.

European and Asian equities and US futures slumped on Wednesday as traders, fearing a collapse of US-China trade negotiations, followed up Wall Street's rout on Tuesday and sold off riskier assets.

Ride-hailing company Lyft's stock slid 7% Wednesday after the company reported a heavy loss for its first quarterly earnings report as a public company. Trump said. Trump is demanding China to reduce the $375 billion trade deficit.

Mr. Trump maintained the pressure ahead of the meeting. "These taxes are not paid by foreign nations, and they result in higher costs that are simply passed on to the American consumer".

In talks last week in Beijing and then in a further exchange of documents at the start of last weekend, Chinese negotiators surprised their United States counterparts by calling for changes in the language of all seven chapters of the 150-page draft agreement, people familiar with the negotiations said.

China is an important gaming market. Mark Warner (D-VA) told Yahoo Finance he doesn't think Trump has a strategy - and China should be addressed with an worldwide coalition.

U.S. officials are insisting that any deal be strictly enforced so that China lives up to its promises - something they say Beijing has repeatedly failed to do in the past.

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He added: "While the impact of more tariffs will be harmful to both the United States and China economies, it is hard to overlook the damaging effect on other economies in Asia".

"We got an indication they want to make a deal", Sanders told reporters. "But it is a decidedly false narrative that any failure to reach a deal will lead to a market meltdown and economic implosion", Bannon wrote. China's economy is decelerating; the International Monetary Fund expects Chinese economic growth to slip from 6.6 per cent a year ago to 6.3 per cent in 2019 and 6.1 per cent in 2020.

"If there is a set-back in trade talks, both external demand and domestic demand could be hit". Investors are also combing through new trade data that surprised market forecasts.

That message was reinforced by financial markets, as U.S. stocks fell by more than two percent for the first time in months amid concerns the renewed trade tensions could scuttle a deal.

The president has promised since he kicked off his campaign in 2015 that he would renegotiate what he dubbed America's "bad" and "stupid" trade deals with other friends and foes, including China.

Chinese President Xi Jinping runs a one-party state and doesn't have to answer directly to voters.

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