Meanwhile, China's retaliatory tariffs on US exports take effect

[libertybele]

Meanwhile, China's retaliatory tariffs on US exports take effect

China's retaliatory tariffs on some $60 billion worth of US exports has just officially gone into effect as of 12 p.m. ET.

Beijing said earlier this month that it would increase tariffs on roughly $60 billion worth of US goods on June 1, including American cotton, machinery, grains and aircraft parts.

More than 4,000 items are affected, most of which will carry tariffs of 25% — up from 10% when they were first levied last September.

https://www.cnn.com/politics/live-news/trump-mexico-tariffs-immigration-2019/index.html

[dfwgator]

China already had beaucoup restrictions on US imports.

[Free Vulcan]

China already had beaucoup restrictions on US imports.

The fact that kind of gets lost in all this. They scream about killing free trade when we raise tariffs and restrict markets, but suddenly go blind when pointed out that our so-called trading partners have been doing this for years.

[dfwgator]

The fact that kind of gets lost in all this. They scream about killing free trade when we raise tariffs and restrict markets, but suddenly go blind when pointed out that our so-called trading partners have been doing this for years.

Free Trade is a myth, it doesn't exist.

[skeeter]

The fact that kind of gets lost in all this. They scream about killing free trade when we raise tariffs and restrict markets, but suddenly go blind when pointed out that our so-called trading partners have been doing this for years.

"They" being those that profit from the status quo.

"They" are hurting the country. Conservatives should stop carrying their water.

[edpc]

‘Don’t say we didn’t warn you’: A phrase from China signals the trade war could get even worse

“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.” The publication is the official newspaper of the Communist Party of China.

The phrase “Don’t say we didn’t warn you” has been used before by the People’s Daily in 1962 before China’s border war with India and ahead of the 1979 China-Vietnam War.

https://www.cnbc.com/2019/05/29/dont-say-we-didnt-warn-you---a-phrase-from-china-signals-the-trade-war-could-get-even-worse.html


OK, but they got beaten up pretty badly by the Vietnamese forces and withdrew.

[Formerly Once-Ler]

Winning