European Union to Trump: Look at services when griping about trade deficit

Stocks at Risk Wal Mart

Stocks at Risk Wal Mart

The Trump administration is also studying the option of putting tariffs on cars, which would significantly escalate the confrontation.

"American public security is not sufficient", added the warning, which referenced "public shootings" and cautioned Chinese tourists to "be alert to suspicious people around you, avoid going out alone at night", and to take note of the high cost of medical expenses and the danger of summer natural disasters in the U.S.

He declined to confirm whether Chinese travel agencies had been told to reduce travel groups to the U.S., but the state-owned China Travel Service has quietly pulled ads about USA trips from its website. The past two summits, in 2016 and 2017, ended without a statement due to disagreements over trade and the South China Sea.

In theory, some European companies could benefit, jumping into market niches if Chinese businesses are kept out of the US market. "Security personnel have detained and/or deported USA citizens for sending private electronic messages critical of the Chinese government".

Donald Trump recently claimed the European Union was "possibly just as bad as China" when it comes to trade.

In Beijing, Foreign Ministry spokesman Lu Kang said on Tuesday the Chinese government was merely fulfilling its duty to warn travellers of "potential dangers".

China is pledging not to fire the "first shot" in its trade standoff with the United States, days before the Trump administration is poised to begin implementing tariffs on billions in Chinese imports. -China trade deficit that has soared in recent years.

Facebook lost 2.3 percent after the Washington Post reported a federal probe on the data breach linked to Cambridge Analytica was broadened while Tesla fell 7.2 percent on questions over whether it could sustain the pace of making its Model 3 sedans.

Mr. Lu sidestepped the question Tuesday when asked whether the timing of the advisory was politically motivated.

The EU recently presented a dispute settlement at the WTO in response to China's intellectual property practices. It's only 0.1% of total productive capacity that even goes to the USA for Chinese steel companies.

China accuses Washington of protectionism, pointing to the struggles of Chinese companies like China Mobile and telecoms equipment maker ZTE, which briefly shut down in April after the Department of Commerce temporarily banned it from purchasing USA chips. The selling pressure was fueled by a report from Bloomberg, which said a Chinese court temporarily prohibited the sale of Micron chips in the local market.

For its own part, the State Department on Monday updated its "Worldwide Caution" travel advisory for Americans planning on visiting anywhere outside the United States.

"If China concedes to the US proposed agreement, the whole situation faced by the European Union would be much tougher", she and Xu wrote in a research note.

It also underscores China's new boldness in trying to seize leadership amid divisions between the United States and its European, Canadian and Japanese allies over issues including free trade, climate change and foreign policy.

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