Good to see some push back against illegal Chinese trade practices. Hope there is more to follow along this line. We need to extend these tariff to include Chines manufactured consumer electronics, food products and textiles.
Tariffs we had long before the current Dirty Donald campaign began:20% tariff on vegetables,Asparagus and Corn 21.3%,Chinese Tires 35%,Wool Clothing 25%,Leather shoes 37.5%,Polo Shirts 25%,Decorative glassware 38%,Commercial Flatware 28%,Japanese Leather 40%,Synthetic outerwear 28.2%,Sneakers 48%,Appricots,cantalopes&dates 29.8%,Misc.Ship Parts 50%,Garlic &Onion powder 29.8%,Clothing of synthetic fiber 32%,Roquefort Cheese 100%,Brooms 32%,French Jam,Chocolate,Ham 100%,Canned Tuna 35%,Shelled Peanuts 131.8%,Unshelled Peanuts 163.8%,Tobacco 350%.Taken from the U.S.International Trade Commission.USITC.
Its a negotiation. China (and Canada and the EU) have applied big tariffs to the US for many years. Trump is fighting back, the end result hoped for is lower tariffs for all.
I agree with Trump on this one, though I do not kid myself, taking our hand out of Pandora's box may be painful at first keep the tariffs to goods rather then natural resources
Running perpetual trade deficits is not good for the american people. That is all that I need to know.
The reason is them stealing our technology. They thought we would just smile as they did it because they could produce cheap goods. But we have finally said "no more." They will apply Tariffs back and if they do Trump will apply 100 million more. So I guess it comes down to which civilian population can absorb the price increases the longest. My money is on America but we will see. Either someone will blink or the local economies will have to start to take up the slack.
Well, as expected... U.S. and China Expand Trade War as Beijing Matches Trump’s Tariffs https://www.nytimes.com/2018/06/15/us/politics/us-china-tariffs-trade.html
We should in every case match EU tariffs with our own and with China we should raise tariffs to whatever level is needed to reduce their the import/export imbalance. If the mean 1000% tariffs then put them up there. The US has the advantage in this game since China doesn't buy much from us in relation to what we buy from them. China will quickly run out of US imports to tariff.
Meanwhile inflation soars as prices go up across the board. Who do you think actually pays for tariffs? No one wins a trade war, there are only losers.
History. Show me an example of them working in the past, every time the USA tried it before jobs were lost in the US. https://edition.cnn.com/2018/03/02/politics/donald-trump-steel-tariffs-q-and-a/index.html
Easy, here's one that worked: https://cleantechnica.com/2014/08/07/germany-solar-feed-in-tariffs-seia/ British tariffs against Dutch textiles kickstarted the British textile industry which powered the industrial revolution. US tariffs on imports in the first 150 years of US history created the space necessary for US industries to grow and thrive. CNN is not a history source and Chris Cillizza is not a historian. You should not rely on that sort of shallow analysis. I recommend you read The Forgotten Man by Amy Schlaes to begin to educate yourself on the many varied origins of the Great Depression.
LOL. You didn't even read your own link did you? That has nothing to do with import tariffs it's about subsidies for providing green energy. That which you subsidise you shall get more of.
Some vague theories not backed up with any information. Damn right I ignored them. The industrial revolution was driven by technology not tariffs though, tariffs stiffle innovation and productivity through a lack of competition.
i guess trump screw US farmer also brazil become top exporter of soybean to china. http://thehill.com/blogs/blog-brief...t-of-russian-soybeans-amid-halt-on-us-imports
Trump Threatens Tariffs on $200 Billion in China Goods, Escalating Fight https://www.nytimes.com/2018/06/18/...other-200-billion-worth-of-chinese-goods.html
