China considering cancelling trade talks with US: media reports
Washington: China is considering to cancel the high-level trade talks with the US, multiple media reports have said, hours after President Donald Trump threatened to impose more punishing tariffs on USD 200 billion worth of Chinese products.
President Trump's remarks came on Sunday as the two countries locked in a longstanding trade war seemed near to striking a trade deal.
A high-level Chinese delegation led by Vice Premier Liu He was scheduled to be in Washington this week to resume talks aimed at resolving the trade war that has cast gloom over the world economy.
"China is considering cancelling trade talks that are to resume in Washington starting Wednesday," The Wall Street Journal reported Sunday quoting unnamed sources.
"There has been widespread expectations in recent days that an accord could be reached by Friday," it said.
Quoting an unnamed source, CNBC News said the Chinese Vice Premier will likely cancel the trip he had planned for himself and a 100-person delegation for the final round of talks.
The US officials had previously said that a deal could be reached by Friday.
But Trump's tweets surprised many and appear to reflect on the difficulties in the US-China trade negotiations that have been going on since December when the US president and his Chinese counterpart Xi Jinping agreed to work on a trade deal within a time frame of 100 days.
"For 10 months, China has been paying tariffs to the USA of 25 per cent on 50 billion dollars of High Tech, and 10 per cent on 200 billion dollars of other goods," Trump said in a series of tweets on Sunday. These payments are partially responsible for America's great economic results, he said.
"The 10 per cent will go up to 25 per cent on Friday. 325 billions dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25 per cent," he said.
Trump said the tariffs paid to the US have had little impact on product cost, mostly borne by China. "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate. No!" he tweeted.
The Wall Street Journal report said that Trump's tweet had taken Beijing by surprise.
"China shouldn't negotiate with a gun pointed to its head," an unnamed Chinese person was quoted as saying in the report.
A decision on whether to go ahead with the talks this week has not been made, the report said.
The Chinese officials have said Beijing would not bend to pressure tactics. By potentially scotching the trip, Beijing would be following up on its pledge to avoid negotiating under threat, it said.
Trump's latest move will raise duties on more than 5,000 products made by Chinese producers, ranging from chemicals to textiles and consumer goods.
The US president originally imposed a 10 per cent tariff on these goods in September that was due to rise in January, but postponed this as negotiations advanced.
In Argentina, Trump agreed not to increase the import tariffs on Chinese products till an agreement is reached in 100 days. The deadline ended in March, which was extended by Trump and he did not increase the import tariffs.
Last month, Trump said the US and China could wrap up trade talks within four weeks after making quick progress on the potentially "epic" deal.
"We will probably know over the next four weeks. It may take two weeks after that.... It's looking very good," Trump had said.
He said a deal would allow a summit between him and Chinese President Xi.
Since last year when Trump launched a trade war with China, the US and China have imposed slapped tariffs on USD 360 billion in two-way trade.
The US has imposed tariffs on USD 250 billion of Chinese goods, having accused the country of unfair trade practices.
Beijing hit back with duties on USD 110 billion of US goods, blaming the US for starting "the largest trade war in economic history".
Both the US and international firms have said they are being harmed by the trade war.
Fears about a further escalation caused a slump in world stock markets towards the end of last year.
The IMF has warned a full-blown trade war would weaken the global economy.
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Several Gurugram schools receive hoax bomb threats
Gurugram (PTI): Several Gurugram schools received another hoax bomb threat emails on Wednesday morning, prompting police to launch searches on the premises.
Police said the email was sent by the 'Khalistan National Army', with threats issued to Haryana Chief Minister Nayab Singh Saini to declare April 29 as the "40th Khalistan Declaration Day". It also threatened to bomb the Red Fort in Delhi.
Police said it was a hoax as no suspicious items were found after an intensive search.
Several schools, including Shri Ram, Amity, and the HDFC school, received threatening emails at 8.33 am, when classes had already begun, police said.
The school administrations became aware of the threats around 9 am and immediately informed the police, a senior police officer said.
The schools immediately implemented emergency protocols, with many declaring a holiday and asking parents to take their children home safely, the officer said.
A large number of anxious parents gathered outside the schools, as police and bomb squad teams reached the spots and started checks.
"Around 10 schools have approached the police from morning until now over bomb threats. Police teams are alert, and searches are underway on all the premises", the officer said.
As soon as the information about this email was received, police in Gurugram and Delhi swung into action and started investigation.
Schools immediately implemented emergency protocols upon receiving the mail. Many schools declared a holiday and sent messages to parents, asking them to take their children home. Large crowds of parents gathered outside the schools.
The schools were sanitised by sending a bomb disposal squad as well as a dog squad.
A senior police officer said that police teams thoroughly searched the school premises, classrooms, buildings, and surrounding areas. No suspicious objects or explosive materials were found during the investigation.
"Police teams are seriously investigating the entire matter. Cyber experts are being consulted to determine the authenticity of the email, its source, and the identity of the sender", added the officer.
This is the third time since January that schools have received fake bomb threats.
In March, at least a dozen schools in the city received bomb threat emails, which later turned out to be hoaxes.
Similarly, on January 28, as many as 13 schools received hoax bomb threats via email, forcing authorities to evacuate campuses and suspend classes.
Last month, police arrested a Bangladeshi national whose email ID was allegedly used to make a bomb threat for some payment.
