Racial edicts in the form of the current empowerment regime have been presented as a non-negotiable by President Ramaphosa, writes Terence Corrigan.
Most notably, China called off planned talks over the weekend, and re-engagement appears to be unlikely until at least after the US midterm elections in November.
The tariffs will mostly apply to industrial equipment, like tractors and chemicals.
Chinese President Xi Jinping, facing political pressure to look tough, has vowed to respond blow-for-blow to US President Donald Trump tariffs on Chinese-made products.
US companies for months bemoaned tariffs on Chinese imports taking effect Friday. Now they fear the worst is yet to come in an escalating confrontation with Beijing over trade.
The US and China are locked in a dispute over market access, tariffs and trade. But what is a trade war and how does it work?
US President Donald Trump opted to use the Committee on Foreign Investment in the United States (CFIUS) to crack down on Chinese investment in the US rather than implement new, harsher rules.
President Donald Trump officially announced tariffs on more than R670 billion worth of Chinese goods on Friday and threatened to implement more if the Chinese government retaliates with tariffs of their own.
US President Donald Trump's decision to go forward with tariffs on $50 billion worth of Chinese goods will ultimately hurt the global economy according to trade experts.
The US administration's trade delegation to China asked for massive changes to the Chinese economy during negotiations that are aimed at reducing barriers between the two countries and avoiding a trade war.
China is expected to respond with their own tariffs on US goods.
President Donald Trump holds up the US trade deficit as the end-all, be-all of the trade war. Based on the most recent trade-deficit data, it looks as if Trump is losing his tariff fights.
US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on $34bn of Chinese imports. China immediately said it would be forced to retaliate.
Friday July 6 is the date when the world’s two largest economies are due to slide deeper into a trade conflict that’s roiled markets and cast a shadow over the global growth outlook.
Trump’s tit-for-tat trade squabble with China threatens to undo years of lobbying by carmakers for easier access to the Chinese market.
Some White House officials are trying to restart talks with China to avoid a trade war before US tariffs on Chinese products take effect July 6.
President Donald Trump has moved the US to the brink of a trade war with China, announcing tariffs on R670bn of imports China has vowed to retaliate against.
The local currency started the day on a stronger footing as the dollar receded somewhat from recent highs.
MosselbaaiCalandria Labour Consultants
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