U.S. to give China the blame for the escalation

The US trade representative Robert Lighthizer, China is to blame for the escalation in the trade conflict between the world's two largest economies. "In the past week we have seen an erosion of China's obligations."

This Lighthizer said on Monday evening (local time) in Washington to reporters. This would have led to substantial Changes to the text of the contract. "From our perspective, this is unacceptable," he said.

U.S. President Donald Trump had threatened at the weekend, surprisingly, this Friday, the U.S. tariffs on certain Chinese Goods by ten to 25 per cent, there should be no agreement. In spite of the threat is expected on Thursday and Friday a Chinese Delegation in Washington.

Lighthizer reckon that to belong to her, also Vice-Premier Liu He, the Chinese negotiator, is. Originally, the beginning of the next round of talks had been scheduled for Wednesday. Lighthizer and US Treasury Secretary Steven Mnuchin visited in the last week to negotiations in China.

U.S. President in a state of Rage

Trump wants to see an agreement with substantial structural Changes, said the trade representative. But so far, it has not yet. The Chinese had pulled back some of the commitments that had been achieved in the talks in the last week. The have provoked the reaction of Trumps. The "Washington Post" reported on Monday, the new demands of the Chinese in the US were sent to government at the end of last week and have treated Trump in anger.

Trumps escalation is only marked in a Bluff Trump with his threat in the trade war against Beijing, the strong man. He is of the needs for his election campaign a Deal.

The US President is disturbed by the huge deficit of his country in trade with China. He accuses the people's Republic of unfair trade practices and restrictions for foreign companies as well as the theft of intellectual property. The USA also call for, as well as the EU and a loosening of Chinese restrictions on foreign firms and equal market access.

Trade mood

press The fear of a renewed escalation of the trade dispute between the US and China has pushed the mood on the Asian stock markets on Tuesday. In Tokyo, the benchmark index ended the Nikkei is 1.5 percent weaker at 21.924 counters. It was the first day of trading after ten holidays because of the throne change in Japan.

The Chinese listed on the stock exchange hardly changed, after they had recorded on Monday, the biggest drop in more than three years. US President, Donald Trump had announced on Sunday that the tariffs for Chinese Goods to the value of $ 200 billion on a 25 percent raise and the Rest of the Chinese imports "soon" to the visor. However, China is adhering to the time schedule to send this week, a Delegation to a new round of talks in the United States.

Trump seriously?

The markets were still not sure if Trump increases with its Inch Seriously do and far from a panic away, said Naoki Iwami, a bond-Fund Manager at Whiz Partners in Tokyo. "We will see how the talks develop this week." In Tokyo, shares of companies with a large China-business to the losers. This was especially true on the construction equipment manufacturers and machine builders.

The Komatsu-title lost more than ten percent, the Yakasawa-Electric-shares a good six percent and Fanuc papers a good three percent. Below is an Overview of the rate changes of selected currencies and share indices: indices of change in percent Nikkei 21.923,72 -1,5 Topix 1.599,84 -1,1 Shanghai 2.894,86 -0,4 CSI300 3.680,03 -0,1 Hang Seng 29.188,89 -0,1 Kospi 2.174,93 -1,0 Euro/Dollar 1,1212 pound/Dollar 1,3122 Dollar/Yen 110,73 Dollar/Swiss franc 1,0164 Dollar/Yuan 6,7686 Dollar/Won 1.167,27.

(oli/sda/Reuters)

Created: 07.05.2019, 09:28 PM