China's Record Trade Surplus With US Adds Fuel to Trade War Fire

China's Record Trade Surplus With US Adds Fuel to Trade War Fire

Trump told reporters Friday that the tariffs would "take place very soon".

Ford has rejected President Trump's call for it to shift production of the Chinese-made Focus Active crossover-style hatchback to the USA, after announcing last month that it would not import the model due to tariff concerns.

Xinhua/Sipa USA/NewscomIn what seems like an admission that his trade war is neither "good" nor "easy to win", President Donald Trump tweeted over the weekend that prices for Apple products, like iPhones, "may increase because of the massive Tariffs we may be imposing on China".

Trump was referring to a Reuters article published last week on CNBC that said Ford cancelled plans to sell a small, Chinese made vehicle because of possible hikes in tariffs.

There was some relief earlier Friday that Trump did not immediately impose levies on US$200 billion (RM830.2 billion) of Chinese goods after the passing of a deadline for a public consultation.

China's exports to the United States have been unexpectedly resilient, rising by double digits in July and August despite the USA tariff hikes. Beijing has threatened to retaliate against any measures out of Washington.

Apple, like other tech giants, has benefited from the last year's overhaul to the USA tax code, and the company has committed to returning much of the $252 billion in cash it held overseas.

However, the company's letter adds that every product of theirs "contains parts or materials from the United States and is made with equipment from U.S. based suppliers".

Eric Cantona not a fan of Jose Mourinho's Manchester United
He has a good personality but not for United - they should have [Pep] Guardiola as coach. Manchester United manager Jose Mourinho just can not stay out of the news right now.

Chinese trade data released on Saturday could give Trump more reason to turn up the heat.

The tariffs, ranging from 5 percent to 25 percent, would apply to 5,207 products, and USA actions will determine whether China adopts the additional duties, Beijing said at the time.

China's imports from the United States previous year totaled $153.9 billion.

The trade surplus hit $31.05 billion in August and it continues to add fuel to the already heating up trade rhetoric between the United States and China.

Beijing has warned of retaliation if Washington launches any new measures, but it is running out of room to match them dollar-for-dollar, raising concerns it could resort to other measures such as weakening the yuan or taking action against USA companies in China.

Chinese regulators have shown their willingness to attack foreign companies in disputes with other governments.

Beijing closed most of Lotte's 99 supermarkets and other outlets in China.

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