Business Spotlight – Nr.6 2019

FACTS & FIGURES 6/2019 Business Spotlight 27

affect sth. [E(fekt]

, Auswirkungen auf

etw. haben

badly [(bÄdli]

, hier: unbedingt

barley [(bA:li]

, Gerste

cereal crop [(sIEriEl krQp]

, Getreideart

debt [det] , Schulden;

hier auch: Verbindlichkeiten

editor-in-chief

[)edItEr In (tSi:f]

, Chefredakteur(in)

impose a tariff on sth.

[Im)pEUz E (tÄrIf]

, Zoll für etw. einführen,

verhängen

imposition of tariffs

[)ImpE)zIS&n Ev (tÄrIfs]

, Verhängung von

Zollgebühren

outline sth. [(aUtlaIn]

, etw. darlegen, umreißen

resume sth. [ri(zju:m]

, etw. wieder aufnehmen

retaliate against sth.

[ri(tÄlieIt E)genst]

, Vergeltungsmaßnahmen

gegen etw. ergreifen

semiconductor

[)semikEn(dVktE]

, Halbleiter

solar panel [)sEUlE (pÄn&l]

, Solarmodul

sorghum [(sO:gEm]

, Sorghum(hirse)

subject: be ~ to sth.

[(sVbdZekt]

, etw. unterliegen

suspend sth. [sE(spend]

, etw. aussetzen,

zurückhalten

tabloid [(tÄblOId]

, Boulevardzeitung

tariff [(tÄrIf]

, Zoll(gebühr)

tremendous [trE(mendEs]

, enorm, riesig

Research by

Eamonn Fitzgerald

Sources:

■ https://howmuch.

net/articles/foreign-

holders-of-usa-debt

■ https://ustr.gov/

countries-regions/

china-mongolia-

taiwan/peoples-

republic-china

Fotos: S. Alvinge, Bet_Noire, GodfriedEdelman, somchairakin, filo, spawns, erhui1979/iStock.com; Evan El-Amin/Shutterstock.com; Bloomberg/Getty Images

April 2018: China retaliates

against the steel and aluminium

tariffs and imposes its own

tariffs on imports from the

USA of aluminium, pork, fruit

and various other products,

equivalent to the tariffs

imposed by President Trump.

June 2018: The US releases

a list of products that will be

subject to tariffs, including

semiconductors. In July, it

makes this threat real by

imposing tariffs on products

from China worth $34 billion.

July 2018: China responds by

imposing tariffs on products

from the US valued at $34

billion.

June 2019: China and America

agree to resume trade

talks, with President Trump

announcing he would suspend

an additional $300 billion

in tariffs, saying China had

agreed to buy a “tremendous

amount” of US farm products.

Who holds what?

The top seven holders of US debt (2019)

1. China: $1,113 billion (17.3% of total)


2. Japan: $1,064 billion (16.5%)


3. Brazil: $307 billion (4.8%)


4. United Kingdom: $301 billion (4.7%)


5. Ireland: $270 billion (4.2%)


6. Switzerland: $227 billion (3.5%)


7. Luxembourg: $224 billion (3.5%)

A war of tweets

Donald Trump: “...trade wars are good,

and easy to win...”.

2 March 2018

Donald Trump: “I say openly to President Xi &

all of my many friends in China that China will

be hurt very badly if you don’t make a deal...”

Hu Xijin: “Trump talks too much. He has 13 March 2019

talked about imposing tariffs on $500 billion

of Chinese goods more than once...”

20 July 2018

Hu Xijin: “President Trump said China wants

to make a deal badly. I’d say yes, China wants

a deal. But we only want to make a fair deal.”

7 June 2019

Donald Trump is

the president of

the United States

Hu Xijin is editor-in-chief of the Chinese and

English editions of the Global Times. The Global

Times is a tabloid published by the People’s Daily,

an official newspaper of the Central Committee of

the Communist Party of China.