The hottest US side plans to impose an additional

The United States plans to impose 10% tariffs on $300billion of Chinese goods exported to the United States. China strongly opposes and will resolutely defend its own interests

the United States plans to impose 10% tariffs on $300billion of Chinese goods exported to the United States. China strongly opposes and will resolutely defend its own interests, paint,

the United States plans to impose a 10% tariff on US $300billion of Chinese goods exported to the United States. China strongly opposes and will resolutely defend its own interests

August 5, 2019

a spokesman for the Ministry of Commerce on August 2, 2019 made a statement on the US plan to impose a 10% tariff on US $300billion of Chinese goods exported to the United States, saying that the US move seriously violates the consensus reached at the Osaka meeting between the heads of state of China and the United States, deviates from the right track, and is not conducive to solving the problem. China is strongly dissatisfied with this Firmly oppose. If the US tariff increase measures are implemented, China will have to take necessary countermeasures to resolutely safeguard the core interests of the country and the fundamental interests of the people, and all the consequences will be borne by the US

the escalation of trade friction and the imposition of tariffs by the United States is not in line with the interests of the Chinese and American people and the people of the world, and will have a recessionary impact on the world economy. China has always believed that there is no winner in the trade war. It does not want to fight and is not afraid of fighting, but it has to fight when necessary. It is hoped that the US side will correct its mistakes in time, solve problems on the basis of equality and mutual respect, and return to the right track. (Ministry of Commerce Station)

in the early morning of August 2, 2019 Beijing time, trump tweeted again and said that the United States would impose a 10% tariff on the remaining $300billion of goods from China from September 1. This does not include a 25% tariff on $250billion of Chinese goods. Subsequently, U.S. stocks collapsed across the board, and international oil prices fell sharply

the trade situation changed, and the international oil price fell sharply

affected by the US President Trump's announcement that he would impose a 10% tariff on China's $300billion goods exported to the United States from September 1 and the expectation that the Federal Reserve would cut interest rates lower than expected, the international oil price maintained the downward trend after the previous trading day in the morning on September 1, with weak intraday fluctuations, and fell sharply in the afternoon due to trump's statement of imposing tariffs

on the same day, the futures price of West Texas light crude oil delivered in September fell by nearly 8%, the largest decline since February 2015, and the futures price of Brent crude oil delivered in October fell by nearly 7%

US President trump said through social media on the afternoon of September 1 that the United States would impose a 10% tariff on $300billion of goods imported from China from September 1 this year. However, trump said that China and the United States will continue to have constructive dialogue on a comprehensive trade agreement, and the future of the two countries will be very bright

with the world's crude oil supply still sufficient, Trump's statement further exacerbated the market's concerns about the growth prospects of global oil demand

John Kilduff, partner of again capital management, said that the oil market was the asset hardest hit by the trade war, which exacerbated the deterioration of the situation. Before Trump's Twitter, the oil market was not calm that day. The monetary policy stance of the Federal Reserve on the previous day did not bring support to the oil market, and then was hit by Trump's announcement of tariff hikes

Phil Flynn, senior market analyst at price futures group, said on the 1st that with us economic data still solid, the Federal Reserve can try to frame the market's view on interest rate reduction as an adjustment in the middle of the index economic cycle. He believes that the fall of the market on the 31st may be attributed to the expectation of interest rate reduction advocated by investors, and the market reaction may also be in line with the trading idea of "buying when rumors are heard, selling when facts are found". When hedge funds saw that the chairman of the Federal Reserve did not have the idea of crazy interest rate reduction, they began to take profits and lock in profits

as of the close of the day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $4.63, or 7.9%, to $53.95 a barrel. On the same day, London Brent crude oil futures for October delivery fell by $4.55, or 6.99%, to close at $60.5 a barrel

the three major stock indexes of New York stock market fell on the 1st

US President trump said he would impose a new round of tariffs on Chinese goods exported to the United States, and the three major stock indexes of New York stock market fell on the 1st

as of the close of the day, the Dow Jones Industrial Average fell 280.85 points, or 1.05%, to 26583.42 points, compared with the previous trading day. The S & P 500 stock index fell 26.82 points, or 0.90%, to 2953.56. The Nasdaq composite index fell 64.30 points, or 0.79%, to 8111.12

in terms of sectors, the 11 major sectors of the S & P 500 index rose three times and fell eight times. Among them, the public utilities sector, real estate sector and medical sector rose by 1.01%, 0.22% and 0.10% respectively. Financial sector, energy sector and industrial sector led the decline, with declines of 2.32%, 2.28% and 1.98% respectively

Quincy, chief market strategist of Prudential Financial Group Crosby said that whether tensions escalate or not, trade has always been a problem hanging over the market. The United States will certainly see China's countermeasures. The problem is that the market will be more sensitive to fluctuations at the end of the Fed's monetary policy meeting and the end of the earnings season

in view of the weak economic data, investors believe that the Federal Reserve will cut interest rates again at the monetary policy meeting in September, and US stocks rose significantly on the morning of the 1st. However, when trump announced the imposition of tariffs on more Chinese goods exported to the United States, the market reacted quickly

the economic data released on the same day showed that US manufacturing activity slowed down

the American Institute of supply management said on the 1st that the U.S. manufacturing index fell to 51.2% in July, the lowest since August 2016. The IHS Markit U.S. manufacturing index fell to 50.4%, the lowest since September 2009

chris, chief economist of IHS Markit Williamson said that the production cycle of the United States is about 4 days, and the manufacturing industry has experienced the largest decline since 2009, which means that the commodity manufacturing industry will become a great disadvantage in the third quarter

Ministry of Commerce: the working level of the China US economic and trade team will hold intensive consultations in August to prepare for the meeting of the leaders in September

GAO Feng, a spokesman for the Ministry of Commerce, said on August 1 that the China US economic and trade team will maintain close communication and multi curve comparison, and the working levels of the two sides will conduct intensive consultations in August, so as to prepare for the meeting of the leaders in September

GAO Feng made the above statement at the regular press conference held by the Ministry of Commerce on the same day. The 12th round of China US high-level economic and trade consultations was successfully held in Shanghai from July 30 to 31. The two sides have agreed to hold the next round of high-level consultations in the United States in September

Gao Feng said that during the consultation, the two sides exchanged views on two issues: one is "how to look at the past", which mainly discussed the reasons for the interruption of the consultation, including stretching, tightening, twists and turns, tearing, shearing, 180 degree stripping and 90 degree stripping experiments, to clarify their views on some important economic and trade issues. The second is "what to do in the future", which mainly defines the principles, methods and relevant schedule of the next negotiation

in response to some pressure remarks made by the United States, Gao Feng said that China US economic and trade consultations must be conducted on the basis of equality and mutual respect. It is hoped that the US side will do more things conducive to the consultation, show due sincerity and goodwill, and create a good atmosphere for the consultation between the two sides. This is in the interests of the Chinese and American people and the people of the world

Gao Feng said that the reason why Shanghai was chosen for the consultation was that it had good conditions for consultation. Facts have also proved this. Shanghai has provided a strong guarantee for the smooth holding of this consultation, and its openness, inclusiveness and diversity have also created a good atmosphere for the consultation. As for the arrangement of the future negotiation venue, the teams of both parties will decide through consultation according to the specific situation