trump picks twitter fight with china accusing the asian giant
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trump picks Twitter fight with China accusing the Asian giant

Arab Today, arab today

Arab Today, arab today Trump picks Twitter fight with China accusing the Asian giant

US President-elect Donald Trump
Washington - AFP

US President-elect Donald Trump fired a Twitter broadside at China on Sunday, accusing the Asian giant of currency manipulation and military expansionism in the South China Sea.

The taunt came two days after Trump risked offending Beijing by accepting a call from the Taiwanese president, and heralded the prospect of a trade battle between the world's largest economies.

China was a frequent target of Trump's during his presidential campaign and, as he prepares to take office next month, every sign points to his taking an aggressive line with Beijing.

"Did China ask us if it was OK to devalue their currency (making it hard for our companies to compete), heavily tax our products going into their country (the US doesn't tax them) or to build a massive military complex in the middle of the South China Sea?" he demanded, adding: "I don't think so!"

China is the United States' largest trading partner, but America ran a $366 billion deficit with Beijing in goods and services in 2015, up 6.6 percent on the year before.

US politicians often accuse China of artificially depressing its currency, the renminbi, in order to boost its exports -- its value has fallen by around 15 percent in the past two-and-half years.

Trump has vowed to formally declare China a "currency manipulator" on the first day of his presidency, which would oblige the US Treasury to open negotiations with Beijing on allowing the renminbi to rise.

With China holding about a trillion dollars in US government debt, Washington would have little leverage in such talks, but the declaration would harm ties and boost the prospect of a trade war.

China charges an average 15.6 percent tariff on US agricultural imports and nine percent on other goods, according to the World Trade Organization.

Chinese farm products pay 4.4 percent and other goods 3.6 percent when coming into the United States.  

On Friday, Trump courted Chinese anger by accepting a congratulatory call from Taiwan's president Tsai Ing-wen.

China regards self-ruling Taiwan as part of its own territory awaiting reunification, and any US move implying support for independence would gravely offend Beijing.

Trump's incoming vice president, Mike Pence, played down the significance of the call, describing it as a courtesy, and said any new policy on China would be decided after his inauguration.

China responded cautiously to the call, with state media putting it down to Trump's "inexperience."  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump picks twitter fight with china accusing the asian giant trump picks twitter fight with china accusing the asian giant

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trump picks twitter fight with china accusing the asian giant trump picks twitter fight with china accusing the asian giant

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday