Donald Trump's team ramps up trade war rhetoric

Donald Trump's team ramps up trade war rhetoric

Days after raising import duty on solar panel and washers, the United States seemed to harden its stance in what was seen to be setting the stage for a trade war with China.

"We don't intend to abrogate leadership, but leadership is different from being a sucker and being a patsy", he said.

Speaking at the World Economic Forum (WEF) in Davos on Wednesday, Mr Ross, a billionaire financier, said that similar moves should be expected in order to shield the United States from what he claims are unfair trade practices from other countries.

"Trade wars are fought every single day".

Washington on Tuesday slapped steep import tariffs on washing machines and solar panels in moves billed as a way to protect American jobs by President Donald Trump. Ross then cited a study of more than 20 products that showed China had higher tariffs on all but two items on the list, and Europe all but four.

Sean Dyche signs new deal at Burnley, alongside coaches, until 2022
Dyche had been on a rolling yearly contract since joining the club in October 2012 and similar deals have been struck for assistant manager Ian Woan and first-team coach Tony Loughlan.

"I think there s a good chance" for the NAFTA talks, Ross told CNBC on the sidelines of the World Economic Forum in Davos, Switzerland.

Speaking at the World Economic Forum in Davos, US Commerce Secretary Wilbur Ross said the White House sees America as the victim of a global trade war and warned the rest of the world should expect more tariff hikes in "retaliation".

During the 2016 presidential campaign, Trump accused China of unfairly boosting its manufacturers at the expense of USA firms by keeping the value of its currency artificially low.

The White House has pushed for a "sunset clause" that would end the trade deal after five years unless it is renewed by the parties, and wants tough US-made content requirements for the auto industry.

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