Trump Approves Plan To Impose Tough China Tariffs

[edpc]

WASHINGTON (AP) — President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons.

Trump has long vowed to fulfill his campaign pledge to clamp down on what he considers unfair Chinese trading practices. But his calls for billions in tariffs could complicate his efforts to maintain China’s support in his negotiations with North Korea.

Trump met Thursday with several Cabinet members and trade advisers and was expected to impose tariffs on at least $35 billion to $40 billion of Chinese imports, according to an industry official and an administration official familiar with the plans. The amount of goods could reach $55 billion, said the industry official. The officials spoke on condition of anonymity in order to discuss the matter ahead of a formal announcement.

https://www.apnews.com/303a7b27d54940f5a86da03ff79c2da0

[Applewood]

Winning.   

[Formerly Once-Ler]

The great news is you and I will pay more for stuff, and the government gets to collect the increase.  Winning!

[kevindavis007]

Higher prices for me!!! Huzzah!!!

[Applewood]

If I thought this trade war would lead to jobs and an overall improvement in our economy, I might be able to grit my teeth and bear it.  But I believe overall, our economy is going to end up in the toilet.  And those manufacturing jobs are not coming back. 

[kevindavis007]

If I thought this trade war would lead to jobs and an overall improvement in our economy, I might be able to grit my teeth and bear it.  But I believe overall, our economy is going to end up in the toilet.  And those manufacturing jobs are not coming back.

On the bright side you can order your all new American Trabant and have it sometime after 15 years at a low 6 figure cost.

[Weird Tolkienish Figure]

Higher prices for me!!! Huzzah!!!

Yep.

The loser will be the American consumer.

[Formerly Once-Ler]

https://twitter.com/realDonaldTrump/status/1007589800667435011

Donald J. Trump @realDonaldTrump

U.S.A. Jobs numbers are the BEST in 44 years. If my opponent (the Democrats) had won the election, they would have raised taxes substantially and increased regulations - the economy, and jobs, would have been a disaster!
4:45 AM - 15 Jun 2018

Clearly this unfair trade must be stopped now!

[Weird Tolkienish Figure]

https://twitter.com/realDonaldTrump/status/1007589800667435011


Clearly this unfair trade must be stopped now!

Exactly what I just don't get. Trump is on top of his game at the moment. To me this is another unforced error.

[driftdiver]

Perhaps the efforts to protect American business is what's helping the job market.


Hmmmmmm

[edpc]

Perhaps the efforts to protect American business is what's helping the job market.


Hmmmmmm

Tax reform is.  Now, he’s got North Korea, immigration, China, NAFTA, and other things I’m probably forgetting going all at once. It’s like someone plopped a 48 oz prime rib in front of him and he’s trying to cram it in his mouth. Use your knife and fork.  Chew.

[Concerned]

And predictably China has responded:

Beijing said it would retaliate immediately after the Trump administration announced Friday that it will impose tariffs on $50 billion of goods from China, raising the potential for a trade war between the world’s two biggest economies.

https://www.wsj.com/articles/white-house-announces-tariffs-on-50-billion-of-goods-from-china-1529065534

[driftdiver]

Tax reform is.  Now, he’s got North Korea, immigration, China, NAFTA, and other things I’m probably forgetting going all at once. It’s like someone plopped a 48 oz prime rib in front of him and he’s trying to cram it in his mouth. Use your knife and fork.  Chew.

And yet people still complain that he's not doing stuff fast enough.   hmm imagine that

[edpc]

And yet people still complain that he's not doing stuff fast enough.   hmm imagine that

I’m sure you have more than one project around the house.  When you try to do them simultaneously, you get little progress and mediocre results. If you focus on one, it’s done quickly, correctly, and you move onto the next.