Global Times: US To Unveil China Tariff List "In A Few Hours"; Beijing Will Respond

Last Friday, when the word was wondering why China "responded" with just $3 billion in US tariffs to the proposed 60 billion in "Section 301" duties to be levied by the Trump administration on China, it was Hu Xijin, the editor-in-chief of China's state-owned nationalist tack-on of the People's Daily, Global Times, who explained that the $3 billion in tariffs targeting 128, mostly agricultural products, was in response for the formerly revealed "Section 232" steel and aluminum tariffs which, while exempting much of the world, clearly had China in their crosshairs.

Fast forward to today, when the otherwise unassuming twitter account of the Global Times editor in chief was once again the focus on global macro traders, when shortly before 9am ET, he wrote that as far as he knows, "the US will release a list of products that it will impose higher tariffs based on 301 investigation in a few hours. China will put forward its retaliation list later, but the list will definitely come out. The US had better not think China will back off."

So is this return of last week's angry tone out of China an indication that yesterday's "trade war truce" rally was built on quicksand, and that once the US reveals the details of its second round in Chinese tariffs, Beijing will respond immediately. Or is this just the editor of China's main US-facing propaganda outlet seeking to drum up page views and clicks?

For the answer, keep an eye on what the US commerce department does in the next few hours, and whether Hu is proven right on the immediate release, which would suggest that with an imminent Chinese response to this latest trade war shot, it is only a matter of time before market's fade the entire Monday surge.

Comments

PT D.T.Barnum Tue, 03/27/2018 - 10:43 Permalink

Why does China need to sell stuff to the US?
What does China import from the US?
Petro-dollars with which to buy oil?  Still?

From where does China obtain all its energy and resources?
Aren't they the countries where China needs to trade?
Wouldn't China enjoy selling what it produces to its own citizens?

Every story about tariffs and China should come with Schiff's little video:

https://www.youtube.com/watch?v=KO5JS-kuBQ0

(1 minute 19 seconds)

In reply to by D.T.Barnum

small axe Tue, 03/27/2018 - 09:29 Permalink

the flurry of tit for tat will provide excellent cover as the rats abandon ship ahead of the fall of empire (US) and rise of another behemoth (hint, not Taiwan).

earleflorida Tue, 03/27/2018 - 09:32 Permalink

China's Xi, will go after Trump's congressional [power]`base in states [dependent] upon [import (export?)] commerce!

Should be a real 'SHIT' show extraordinaire....

Think, 'Koch Industries'!

Mike Masr Tue, 03/27/2018 - 10:09 Permalink

Watching the MIC owned Fox News channel and its all Russophobic bullshit.

  • Putin is a dictator and a thug
  • The Russian presidential election was illegitimate
  • Putin needs to respect the rule of law.

These neocon MIC fucks really do want thermonuclear world war III.

LiberateUS Tue, 03/27/2018 - 12:50 Permalink

All China has to do is stop importing US recycled trash. Yes, the actual trash. China disposes of 30% of USA recyclable trash. Pretty ironic, huh?

Itdoesntmatter Tue, 03/27/2018 - 14:05 Permalink

Did current (shit throwing monkeys) ZH'ers miss the big show when it was  American patriots who crowed free trade?  China isn't creating the market, designing the product, buying off legislators....It's Americans...American businessmen who suck the jobs out of the middle class and export them...who hide profits to avoid taxes....who own the politicians....regardless of party.  The old ZH was more woke than the current one...including the meaningless partisanship...The comments have become stupifying...