China already has 72% tariffs on US pork imports. We should really match them on this number for all Chinese imports.
“China already has 72% tariffs on US pork imports. We should really match them”
I thought about including you on the “You guys will love this” ping, but I was not sure how much of a China Hawk you were on tariffs. Next time.
This could just be the “Bad Cop” applying the heat before the upcoming negotiations, but it gets the idea out there among the business community as well. That will just magnify the rush out of China if this round of talks fails to produce a deal, as more will decide to throw in the towel, if they are looking at 50 to 100% tariff levels.
Insurmountable levels.
Those levels are not actually unrealistic, if/when the Chinese currency enters a depreciation spiral.