Author Topic: Upping Ante, Trump Threatens New Tariffs On Chinese Imports  (Read 568 times)

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Offline edpc

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WASHINGTON (AP) — President Donald Trump directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports Monday as the two nations moved closer to a potential trade war.

The tariffs, which Trump wants set at a 10 percent rate, would be the latest round of punitive measures in an escalating dispute over the large trade imbalance between the two countries. Trump recently ordered tariffs on $50 billion in Chinese goods in retaliation for intellectual properly theft. The tariffs were quickly matched by China on U.S. exports.

"China apparently has no intention of changing its unfair practices related to the acquisition of American intellectual property and technology," Trump said in a statement Monday announcing the new action. "Rather than altering those practices, it is now threatening United States companies, workers, and farmers who have done nothing wrong."

Trump added: "These tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced."

https://finance.yahoo.com/news/pompeo-china-engaging-predatory-economics-101-172824082--finance.html?.tsrc=bell-brknews
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Offline edpc

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Re: Upping Ante, Trump Threatens New Tariffs On Chinese Imports
« Reply #1 on: June 19, 2018, 03:01:21 am »
Secretary of State Mike Pompeo made the remarks at the Detroit Economic Club as global markets reacted to trade tensions between the U.S. and China. Both nations started putting trade tariffs in motion that are set to take effect July 6.


China pledges it will fight back firmly if Trump goes ahead and publishes list of additional tariffs

China's Commerce Ministry said on Tuesday morning that it will take counter measures if the U.S. publishes an additional tariffs list.

In a statement posted on its website, the ministry said China will protect its interests, taking both quantitative and qualitative measures against the move.

The fresh threats of additional tariffs violate prior negotiations and consensus reached between the two countries, the Chinese Commerce Ministry said. A trade war hurt companies and people in both countries, it added in the Chinese statement.


https://www.cnbc.com/2018/06/18/trade-war-watch-china-pledges-it-will-fight-back-firmly-if-trump-publishes-list-of-new-tariffs.html
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Offline To-Whose-Benefit?

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Re: Upping Ante, Trump Threatens New Tariffs On Chinese Imports
« Reply #2 on: June 19, 2018, 03:40:42 am »
Screw tariffs.

Impose a 100% ban on importing anything from China.
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