Author Topic: China hits back at Trump, adds tariffs to $60B of U.S.-made products  (Read 1621 times)

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Offline Suppressed

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China hits back at Trump, adds tariffs to $60B of U.S.-made products
China will start imposing tariffs on over 5,000 American products, including coffee, honey, industrial chemicals and farm machinery.
by Lucy Bayly / Sep.18.2018 / 10:28 AM ET


President Donald Trump with Chinese President Xi Jinping at Trump's Mar-a-Lago estate in Palm Beach, Florida, on April 6, 2017.Carlos Barria / Reuters file

China will impose retaliatory tariffs on $60 billion of American-made goods, hitting back at the U.S. just hours after President Donald Trump announced a massive escalation in tariffs on $200 billion in imported goods from Beijing.

The Chinese Finance Ministry announced Tuesday it would go ahead with plans announced in August to tax 5,207 types of U.S. imports, ranging from coffee to farm machinery. The smaller, mismatched dollar amount reflects the fact that China is running out of American goods to tax, due to its trade imbalance.

The new round of tariffs is aimed at curbing “trade friction” and the “unilateralism and protectionism of the United States,” the ministry said on its website.

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https://www.nbcnews.com/business/business-news/china-hits-back-trump-adds-tariffs-60b-u-s-made-n910616
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Offline thackney

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #1 on: September 18, 2018, 08:13:17 pm »
China LNG Tariff Casts Shadow Over New U.S. Export Terminals
https://gcaptain.com/china-lng-tariff-casts-shadow-over-new-u-s-export-terminals/

China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S. export terminals that would propel the United States into the world’s second-largest LNG seller....
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Offline Restored

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #2 on: September 18, 2018, 08:23:36 pm »
China punished the US by making natural gas more expensive in China.

That will show us.
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Offline Absalom

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #3 on: September 18, 2018, 08:49:20 pm »
China punished the US by making natural gas more expensive in China.
That will show us.
-------------------------------
Several insist that China is the emergent world power, a laughable
notion too stupid for words.
So let them burn more coal, the energy source of 3rd world nations.
This reminds of the Marble Boat, built in 1755 and anchored at the
Imperial Palace in Beijing; w/funds embezzled by the Emperor
which had been dedicated to rebuilding the Chinese Navy.
No doubt the Boat put the fear of God in Japan. Hmm..................

Offline IsailedawayfromFR

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #4 on: September 18, 2018, 10:48:27 pm »

The Chinese Finance Ministry announced Tuesday it would go ahead with plans announced in August to tax 5,207 types of U.S. imports, ranging from coffee to farm machinery. The smaller, mismatched dollar amount reflects the fact that China is running out of American goods to tax, due to its trade imbalance.

Kinda funny.

Trump is shrewd here.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline jmyrlefuller

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #5 on: September 18, 2018, 11:26:17 pm »
They send us more than we send them.

If they really want to harm the U.S., what they need to do is call in our debts to them.
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Offline thackney

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #6 on: September 18, 2018, 11:34:45 pm »
China punished the US by making natural gas more expensive in China.

That will show us.

Do you take the same view with the tariffs imposed by President Trump?
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Offline skeeter

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #7 on: September 18, 2018, 11:50:52 pm »
They send us more than we send them.

If they really want to harm the U.S., what they need to do is call in our debts to them.

They can't do that either. It would be the ultimate 'cut off the nose to spite the face' move.

Offline Frank Cannon

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #8 on: September 18, 2018, 11:54:11 pm »
China tipped their hand today by saying they were about to hit the wall with retaliations. We can take the pain of this battle but they cannot. They have a rent crisis on their hands because of their central planning. They are staring down the barrel of mass starvation in the near future and their overall economy is a shambles because of multiple bubbles bursting. We have them over a barrel.

Offline Frank Cannon

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #9 on: September 18, 2018, 11:55:25 pm »
....what they need to do is call in our debts to them.

And if we say no they collapse. They are effed.

Offline InHeavenThereIsNoBeer

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #10 on: September 18, 2018, 11:58:23 pm »
They send us more than we send them.

If they really want to harm the U.S., what they need to do is call in our debts to them.

They can't.  All they can do is sell them to someone else and/or not buy new debt when they come to maturity.
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Offline Absalom

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #11 on: September 19, 2018, 02:23:32 am »
Dynasties ruled China for 3,500 years till 1912, followed by 100 years of dictators;
hardly producing the level of leadership needed to foster creativity and innovation.
Yet many cannot understand why those brilliant Chinese cheat, lie and steal???

Offline IsailedawayfromFR

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #12 on: September 19, 2018, 02:26:38 pm »
Dynasties ruled China for 3,500 years till 1912, followed by 100 years of dictators;
hardly producing the level of leadership needed to foster creativity and innovation.
Yet many cannot understand why those brilliant Chinese cheat, lie and steal???
An article today explained that China's newfound wealth is solely due to cheap labor and not innovation or increased productivity.

China: A true paper tiger
https://www.americanthinker.com/blog/2018/09/china_a_true_paper_tiger.html

As such, it will come crashing down to earth in short order without the US support. @Absalom
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline jmyrlefuller

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Re: China hits back at Trump, adds tariffs to $60B of U.S.-made products
« Reply #13 on: September 21, 2018, 11:39:08 pm »
And if we say no they collapse. They are effed.
If we say no, that's an unconstitutional default. Mutually assured destruction.
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