Trade talks between the United States and China ran into serious trouble last week as Beijing backtracked on some key agreements and Trump placed higher tariffs on hundreds of billions of dollars of Chinese goods, with more to follow. The trade war could continue for some time, bleeding directly into
1 / 3FILE PHOTO: Flags for U.S. President Donald Trump's "Keep America Great!" 2020 re-election campaign are seen at Jiahao flag factory in FuyangFILE PHOTO: Flags for U.S. President Donald Trump's"Keep America Great!" 2020 re-election campaign are seen at Jiahao flag factory in Fuyang, Anhui province, China July 24, 2018. REUTERS/Aly Song/File PhotoBy Jeff Mason
The trade war could continue for some time, bleeding directly into Trump's efforts to win a second four-year term. Some states that helped propel him to victory in 2016, including farmer-heavy Iowa, have been hit hard by the trade dispute. The failure to reach a deal that Treasury Secretary Steven Mnuchin and other advisers had recently suggested was close also casts a shadow on Trump's self-proclaimed deal-making prowess.
Trump's advisers are confident, particularly with regard to U.S.-China policy, that a show of strength will play well with his base. Trump, though delighted when China agreed to make large purchases of U.S. products such as soybeans, backed Lighthizer's tough approach and has insisted on more sensitive structural reforms.Senate Democratic leader Chuck Schumer last week urged Trump to"hang tough" with Beijing."Don't back down. Strength is the only way to win with China," he said in a tweet.
"He just doesn’t know how to cut a trade deal ... Trade by tweets does not work," Senator Elizabeth Warren said at a weekend campaign stop in Cincinnati, Ohio.
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