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President Trump Slaps China With Additional $200 Billion Tariffs

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  • President Trump Slaps China With Additional $200 Billion Tariffs

    The White House says it has made it very clear what the U.S. expects from China regarding trade, but since the country has not complied the president slapped Beijing with more tariffs.

    In a statement Monday, $200 billion in additional tariffs were announced and will go into effect September 24.

    The tariffs will be 10 percent until the end of the year then go to 25 percent to allow businesses to adjust.

    Its the latest move by the administration to punish china for not complying with fair trade practices.

    The president says he’s under no pressure to make a deal with China, but rather China is under pressure to make a deal with the U.S.
    http://www.oann.com/president-trump-...llion-tariffs/
    Quis Custodiet Ipsos Custodes? Who is watching the watchers?

  • #2
    12 billion to the US farmers and you cheer.
    "Ask not what your country can do for you"

    Left wing, Right Wing same bird that they are killing.

    you’re entitled to your own opinion but not your own facts.

    Comment


    • #3
      Originally posted by Half Pint John View Post
      12 billion to the US farmers and you cheer.
      I posted this in the hopes of some intelligent responses, but I see that one again my hopes and expectations exceeded reality. Show me where I cheered.

      OTH, anything about Trump and you jeer.

      I'm not sure where Trump is going with all of this, so I'll hold judgement until I see some results.
      Quis Custodiet Ipsos Custodes? Who is watching the watchers?

      Comment


      • #4
        Well, Jack Ma is probably right. This could last decades. China is likely to retool itself to export to emerging market economies + the EU to some extent, rather than so far the US. US consumers will pay more for produce and products in general, and US companies might turn inwards, to an increasingly protected domestic market. Which tends not to be a successful strategy in the long run.

        Comment


        • #5
          China has been driving up the value of its currency by manipulating ours into depreciation. It's about time we hit them in the wallet. Who's China gonna sell $millions or $billions of products to? Afghanistan?
          "It is a fine fox chase, my boys"

          "It is well that war is so terrible-we would grow too fond of it"

          Comment


          • #6
            Originally posted by American87 View Post
            China has been driving up the value of its currency by manipulating ours into depreciation. It's about time we hit them in the wallet. Who's China gonna sell $millions or $billions of products to? Afghanistan?
            Europe and Asia.
            Quis Custodiet Ipsos Custodes? Who is watching the watchers?

            Comment


            • #7
              Originally posted by Mountain Man View Post

              Europe and Asia.
              South America still has a lot of potential play. Africa might be on the move too, finally.

              Comment


              • #8
                Originally posted by Mountain Man View Post

                I posted this in the hopes of some intelligent responses, but I see that one again my hopes and expectations exceeded reality. Show me where I cheered.

                OTH, anything about Trump and you jeer.

                I'm not sure where Trump is going with all of this, so I'll hold judgement until I see some results.
                You might have missed it but the government paying farmers for their goods seems like at least socialism.
                "Ask not what your country can do for you"

                Left wing, Right Wing same bird that they are killing.

                you’re entitled to your own opinion but not your own facts.

                Comment


                • #9
                  The very few responses in this thread shows that people have become accustomed to this trade war. Such sentiment is what can lead Trump to over-aggressive actions that can destabilize the whole economy...
                  My most dangerous mission: I landed in the middle of an enemy tank battalion and I immediately, started spraying bullets killing everybody around me having fun up until my computer froze...

                  Comment


                  • #10
                    Originally posted by pamak View Post
                    The very few responses in this thread shows that people have become accustomed to this trade war. Such sentiment is what can lead Trump to over-aggressive actions that can destabilize the whole economy...
                    We haven't had a president this aggressive about trade balances as Trump, so either the people are accustomed, or more likely not sure what to think.
                    Quis Custodiet Ipsos Custodes? Who is watching the watchers?

                    Comment


                    • #11
                      I think the latter. It's not shaping up in a good way. But there are so many possible permutations in the possible implications of it all it's really impossible to tell anything much yet.

                      I'd say they're not "easy to win" though. Mostly everybody just loses, but usually in indirect and somewhat opaque ways.

                      Comment


                      • #12
                        You act like this is a good thing. Enjoy your higher prices during Christmas season. Let me guess, the republican elitists are telling people this is good?

                        Maybe the republicans will steal our tax dollars to pay off industries hurt by Donald's stupid policies? Thanks for nothing guys!

                        Comment


                        • #13
                          Prices of washers and dryers are going up due to the tarffis. American consumers can reap or weep the benefit of the tarffis.
                          "Ask not what your country can do for you"

                          Left wing, Right Wing same bird that they are killing.

                          you’re entitled to your own opinion but not your own facts.

                          Comment


                          • #14
                            It all sounds soooo good to some. How much of this was not thought through. For every action there is a reaction...well that's what I was taught. When China and others find new suppliers, and they well, don't expect them to start trading again with the US.

                            Keep an eye on inflation.

                            https://seekingalpha.com/article/419...-hits-new-high
                            Last edited by Half Pint John; 25 Sep 18, 09:30.
                            "Ask not what your country can do for you"

                            Left wing, Right Wing same bird that they are killing.

                            you’re entitled to your own opinion but not your own facts.

                            Comment


                            • #15
                              Originally posted by Half Pint John View Post
                              Prices of washers and dryers are going up due to the tarffis. American consumers can reap or weep the benefit of the tarffis.
                              You won't find RW "drive-by" media mention that, EVER.

                              Comment

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