China tariffs could undermine US-North Korea progress

By Matthew Kazin, Fox Business

Tags: , , ,

Image result for Fox Business

The proposed U.S. tariffs on more than 1,300 Chinese products could turn the rising tensions between Washington and Beijing into more of a geopolitical than economic issue and undermine progress with North Korea …

President Xi Jinping met with North Korean leader Kim Jong Un in late March – reportedly at the former’s behest and the two discussed the Hermit Kingdom’s nuclear weapons program. Kim told the Chinese leader he wanted to resume six-party disarmament talks, according to the Nikkei newspaper. “China has already reminded the U.S. that it possesses significant leverage over its neighbor, and the U.S. had best remember that when making trade decisions,” Alan Mendoza, executive director of the Henry Jackson Society, told FOX Business …

“Taiwan will feel threatened by the new tariffs because it is an intermediary supplier of components for Chinese products that will now face price rises,” Mendoza said. “There is also the danger that if China does decide to try and reduce its trade surplus with the U.S., it will do so through measures like buying U.S.-made semiconductors rather than Taiwanese ones.”

Read more on Fox Business


Lost your password?

Not a member? Please click here