China Just Warned Its Citizens Against Traveling to the U.S.

GettyImages-987444672

GettyImages-987444672

"We absolutely will not fire the first shot, and will not implement tariff measures ahead of the United States doing so", it said, without elaborating. American consumers pay for tariffs.

The bill would mean abandoning key disciplines agreed at the World Trade Organization, Axios news website reported late on Sunday, to a skeptical response from trade experts.

Trump also said United States officials would meet soon with European counterparts to discuss a spate over trade tariffs, saying the European Union wanted to "work something out". In 2017, acronym bill titles to emerge from the Capitol included the GROW Act, the EGO act (on oil paintings), and the CARE Act, according to just one count.

Trump has been angling for some time to withdraw the USA from the WTO completely, though he would be unable to do so without Congress' approval.

The Trump administration has drafted legislation that would empower the president to ignore worldwide trade rules set by the World Trade Organization, according to a leaked draft of the bill obtained by the news website Axios.

More news: Putin and Trump can discuss 'all other issues' except Crimea, Kremlin says
More news: Bridge collapse in Mumbai, India, halts train traffic
More news: Uruguay worried as their hero Edinson Cavani battles injury

China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump's trade policies at a summit later this month but is facing resistance, European officials said.

A market strategist at the Sumitomo Mitsui Trust Bank says it is too early to tell what the tariff's impact will be on the global economy, but it has already caused rife speculation in China.

"It would be the equivalent of walking away from the WTO and our commitments there without us actually notifying our withdrawal", a source familiar with the bill told the outlet, but added that Congress would never agree to the bill, describing it as "insane". "And we're not planning anything now, but if they don't treat us properly, we'll be doing something", Trump said, without elaborating.

Something suspicious wafts throughout the White House... "Now it is pursuing economic hegemony", the English-language newspaper said in an editorial. Trump reportedly was briefed on the working draft in May.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.