Skip to comments.China to cut import tariffs on wide range of products
Posted on 09/30/2018 2:56:29 PM PDT by JME_FAN
BEIJING (Reuters) - China will cut import tariffs on textile products and metals, including steel products, to 8.4 percent from 11.5 percent, effective Nov. 1, the finance ministry said on Sunday.
(Excerpt) Read more at reuters.com ...
Is this Winning? I mean after all the Libs saying The Chinese would not budge, but..... they did! Good work President Trump.
Coinkydink, shirley !
He who doubts PDJT should probably not play poker -
One problem - the story does not indicate that these cuts will be on U.S. imports. In fact, it implies that the trade war with the U.S. will escalate. Not sure what to believe here, just yet.
N I C E . S T A R T
A 3.1% token reduction on some subset of goods?
We can reciprocate by only raising tariffs 21.9% instead of 25% - but only on the exact same goods, or the same dollar volume of goods, which best serves our interests.
No more small measures - time for big fixes.
25% across the board on 1 January - then just let it sit for two years, while the Treasury rakes in billions, and businesses flood back into the USA.
Maybe China will pull it horns in a bit, from aggressing on our allies, when their budget tightens.
Please ping me when you find out what is going on. Thank you!
“Is this Winning? I mean after all the Libs saying The Chinese would not budge, but..... they did! Good work President Trump.”
Now they’ll say it’s somehow bad.
“Beijing has pledged to take steps to increase imports this year amid rising tension with some of its biggest trade partners, such as the United States. “
No get it to zero...
“TRUMP WINS - AGAIN.”
China has no desire to go to war with the USA in military terms. We would be hurt grievously and China would cease to exist. China has been at war with us for many years in economic terms. Oddly if you win the economic war you have defeated your enemy and need not fire one bullet. That is how Reagan destroyed the old Soviet Union.
Bush I, Clinton, and Bush II threw our great advantage in the garbage pile. Obama actively cooperated with Putin to our disadvantage and thus the whole damn mess the world in is today. Bush I, Clinton, Bush II and Obama are not men to be admired.
Trump understands all of this with precise reality.
Winning is good!
These cuts are not “token” by any means. There is a 27% reduction here which is major by any measure.
China blinks! Just as Trump hinted last night.
“He who doubts PDJT should probably not play poker “
I would never play poker with Donald Trump unless I had a stacked deck, marked cards, and a cohort in the game. I would still probably lose.
I’ll state again, in case some missed my qualifier to this development:
The story does not indicate that these cuts will be on U.S. imports. In fact, it implies that the trade war with the U.S. will escalate. Not sure what to believe here, just yet.
That’s a good start. There will be more. This is classic Chinese behavior. Talk tough, but when you bend, bend quietly.
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