{"id":137242,"date":"2025-02-05T09:05:36","date_gmt":"2025-02-05T07:05:36","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/china-holds-out-hope-last-minute-deal-can-avert-us-trade-war\/"},"modified":"2025-02-05T09:05:36","modified_gmt":"2025-02-05T07:05:36","slug":"china-holds-out-hope-last-minute-deal-can-avert-us-trade-war","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/china-holds-out-hope-last-minute-deal-can-avert-us-trade-war\/","title":{"rendered":"China holds out hope last-minute deal can avert US trade war"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/137242\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>China\u2019s new tariffs on US imports like oil, coal and cars are relatively modest in scale, suggesting that Beijing is hoping for a last-minute deal but also giving them the option to inflict more pain if needed, analysts say. China on Tuesday fired a return salvo in its escalating trade war with the United States, slapping fresh tariffs on everything from American crude oil to agricultural machinery.<\/p>\n<p>The moves hit roughly $20 billion worth of US goods per year \u2014 roughly 12 percent of total American imports into China, according to calculations by Capital Economics. Over a third of that is energy: according to Beijing customs data, imports of oil, coal and LNG totalled more than $7 billion last year.Beijing has also slapped fresh export controls on rare metals and chemicals including tungsten, tellurium, bismuth, indium and molybdenum, used in everything from mining to phone screens. China dominates global supply chains for rare metals.<\/p>\n<p>The countermeasures came as a surprise to some \u2014 analysts at UBS this week told AFP they had expected Beijing to keep its powder dry. But they are a far cry from the 10 percent tariffs slapped on all Chinese imports by US President Donald Trump this week that will affect some $450 billion worth of goods. \u201cThe measures are fairly modest, at least relative to US moves,\u201d Capital Economics\u2019s Julian Evans-Pritchard said. They \u201chave clearly been calibrated to try to send a message to the US (and domestic audiences) without inflicting too much damage,\u201d he added.<\/p>\n<p>That restraint can in part be explained by China\u2019s reliance on many US imports for its industries and its longstanding economic woes at home, Agatha Kratz at the Rhodium Group told AFP. \u201cGiven the current economic downturn, China cannot afford \u2014 and does not want \u2014 to impose excessive trade barriers,\u201d she said. \u201cChina\u2019s economy is in a fragile state, and this limits its ability to act freely,\u201d she explained. \u201cBeijing cannot afford to take reckless actions, and I don\u2019t think it wants to.\u201d<\/p>\n<p>Far from inflicting deep pain, analysts say Beijing\u2019s goal is to send a message to Washington: that China can and will retaliate to swingeing tariffs. \u201cThese tariffs are structured to signal China\u2019s capacity to endure prolonged economic confrontation while forcing the US to deal with internal economic pressures,\u201d Mingzhi Jimmy Xu, an assistant professor at Peking University, to AFP. And Beijing can do \u201cserious damage\u201d to the United States should it decide to, Shehzad Qazi from China Beige Book told AFP.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.digitaljournal.com\/world\/china-holds-out-hope-last-minute-deal-can-avert-us-trade-war\/article\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.digitaljournal.com\/world\/china-holds-out-hope-last-minute-deal-can-avert-us-trade-war\/article\">DJ<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vau-viikkokatsaus\/china-holds-out-hope-last-minute-deal-can-avert-us-trade-war\/\">China holds out hope last-minute deal can avert US trade war<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[758,16394,574,606,607,608],"class_list":["post-137242","post","type-post","status-publish","format-standard","hentry","category-news","tag-china","tag-tariffs","tag-us","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=137242"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/137242\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=137242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=137242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=137242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}