CNN: Trump asks aides to press ahead with $200 billion in tariffs on Chinese goods
President Donald Trump is urging his administration to move ahead with slapping tariffs on $200 billion of Chinese goods, according to a person familiar with the plans.
The timing of an announcement remains unclear.
Trump met with top aides earlier this week on the tariff issue and directed aides to proceed with plan.
"The President has been clear that he and his administration will continue to take action to address China's unfair trade practices," said Lindsay Walters, a White House spokeswoman. "We encourage China to address the long standing concerns raised by the Unites States."
Read more ....
More News On President Trump Wanting $200bn In Tariffs On Chinese Goods By Next Week
Trump to Back $200 Billion China Tariffs as Early as Next Week, Sources Say -- Bloomberg
Trump tells officials to proceed with new China tariffs on $200 billion: Report -- Washington Examiner
Trump Wants $200 Billion in China Tariffs Despite Talks, Sources Say -- Bloomberg
Trump wants $200bn in tariffs on Chinese goods: reports -- Al Jazeera
Trump reportedly wants to hit China with tariffs on $200 billion worth of goods, which would be a massive escalation of the trade war -- Business Insider
Trump is hitting China with another $200 billion in tariffs -- VOX News
5 comments:
China is strong enough to play fair.
They must realize that Obama is no longer bow and scraping.
Sorry Fred, another comment on beekeeping; after a few hundred stings they lose some of their deterrent power. And now, if they hit the arthritic thumb joints, I leave the stingers in. Kinda' like tariff after tariff.
Obviously.....a man amongst men.
Or more accurately, a prime candidate for the nuthouse. But hey! Somebody's gotta do it.
Unfair
"During the 2000s, Beijing manipulated the renminbi on an epic scale.
...
Might China return to large-scale currency manipulation in the future? It seems unlikely. China is now a mighty economic power, too large to peg its exchange rate easily."
China has traded unfairly in the past by using currency manipulation It accounts for a 1/3 rd of all the trade imbalance since about 1990.
There are other things countries do besides tariffs and manipulation that countries do to harm others and build themselves up.
https://www.ft.com/content/2034d874-b50a-11e8-bbc3-ccd7de085ffe
Trump is pushing Beijing to the wall so they lash out at Trump's enemies in America. Companies like Google, FB, APPLE, offshore American manufacturers. He wants all those companies making stuff, whether software or hardware, in the borders of the USA. China retaliates against them forces them to the USA.
China is loosing the war: since March many companies are leaving China and this is growing more and more. All of theses will never return to China and that's worse than tariff.
Post a Comment