Trump’s China clamp down defends America’s crown jewels: trade director Peter Navarro

Report Germany’s Automakers Throw Up White Flag on Trade Offer to Scrap 10% Tariff			Jesco Denzel  German Federal Government via AP		20 Jun 2018

President Trump won't allow China to prey on USA technology any longer, White House National Trade Council Director Peter Navarro told FOX Business on Wednesday. China responded by proposing duties on $50 billion in USA goods, including pork, beef, and cars.

The United States and China are Taiwan's top export markets.

USA farmers, especially those producing and exporting soy and pork, will be disproportionately impacted by China's retaliatory tariffs, however.

"The woes the administration is inflicting on Chinese companies do not simply translate into boons for USA enterprises and the U.S. economy", the state newspaper said in an editorial headlined "Protectionism symptom of paranoid delusions".

Stephen Colbert Rips Melania for 'I Really Don't Care' Jacket
US first lady Melania Trump walks from her to her motorcade wearing a Zara design jacket with the phrase "I Really Don't Care". Given that, her choice to wear the $39 Zara jacket as she headed on her unexpected trip to the border raised eyebrows.

According to the China Daily, the U.S. is trying to preserve the global economic system, which is working to America's benefit. "The fast-shrinking Chinese investment in the U.S. reflects the damage being done to China-U.S. -trade relations.by the trade crusade of Trump and his trade hawks", it added.

The billionaire chairman and chief executive of Foxconn Technology Group, Apple's main iPhone assembler and the world's largest electronics contract manufacturer, argues that China's "unreasonable" restrictions on overtime hours hurts his workers and the company's competitiveness. -China trade war is the Taiwanese company's biggest challenge.

Without mentioning the Trump administration, the Chinese president condemned "Cold War mentalities and zero sum games" where exporting countries are seen as the only winners of trade exchanges. Officials in China said their country's tariffs would be "qualitative and quantitative".

Asian shares fell to their lowest in six months on Friday on signs that US trade battles with China and many other countries were starting to chip away at corporate profits.

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