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Trump: U.S. will hit $300 billion worth of Chinese goods with 10% tariff
Reuters ^ | 08-01-19 | Makini Brice

Posted on 08/01/2019 10:56:29 AM PDT by Monrose72

WASHINGTON (Reuters) - U.S. President Donald Trump said on Thursday he would impose an additional 10% tariff on $300 billion worth of Chinese imports starting Sept. 1, as talks aimed at easting tensions between the world’s two largest economies continue. “Trade talks are continuing, and during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%,” Trump tweeted.In a string of tweets, Trump also faulted China for not following through on promises to buy more American agricultural products and personally criticized Chinese President Xi Jinping for failing to do more to stem sales of the synthetic opioid fentanyl.

(Excerpt) Read more at reuters.com ...


TOPICS:
KEYWORDS: bot; china; trump
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1 posted on 08/01/2019 10:56:29 AM PDT by Monrose72
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To: Monrose72

Wondered what that cliff was that stocks (DOW) fell off of this afternoon.


2 posted on 08/01/2019 10:59:41 AM PDT by grobdriver (BUILD KATE'S WALL!)
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To: grobdriver

“Wondered what that cliff was that stocks (DOW) fell off of this afternoon.”

Are you serious, or being facetious? I think the latter...


3 posted on 08/01/2019 11:01:44 AM PDT by be-baw
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To: Monrose72

Good. I would also suggest that we invoke the same ‘rules’ as the Chinese as regards intellectual property.

First, anything that China makes that isn’t legitimately an invention from China would heretofore enjoy absolutely NO intellectual property rights protections. None.

Second, any US intellectual property that is being made in China without permission from the patent holders will automatically be put on a list of prohibited imports - and will also be subject to a strong US effort to block importation to ANY country we have influence with.

Third, any Chinese scientist, trainee, etc. who comes to spend time in the US will be required to sign and have notarized a document that states any invention/intellectual property that they contribute to in any way while they are in the US will automatically be US intellectual property - and will never be recognized as a Chinese invention. Further, any Chinese attempts to claim rights over any intellectual property that Chinese scientists or students are exposed to in the US will not be recognized as legitimate.

The bottom line is that China’s leadership wants to dominate the world, and they consider us an enemy. Without a change in China’s politics (or a total capitulation by the US - which is the liberal/leftist solution), it is inevitable that we will be at some form of conflict with China in the coming decades. Inevitable. That being recognized, we have to start protecting US interests NOW.


4 posted on 08/01/2019 11:11:30 AM PDT by neverevergiveup
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To: Monrose72

When something is working this well, just keep doing it.


5 posted on 08/01/2019 11:11:37 AM PDT by babble-on
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To: Monrose72

Wall St. whores.


6 posted on 08/01/2019 11:11:47 AM PDT by montag813
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To: babble-on

Fight your enemies when they are weak, not when they are strong.


7 posted on 08/01/2019 11:12:54 AM PDT by neverevergiveup
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To: neverevergiveup

Our enemies being US farmers and manufacturing.


8 posted on 08/01/2019 11:14:03 AM PDT by babble-on
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To: Monrose72

Click The Pic To Donate



9 posted on 08/01/2019 11:14:05 AM PDT by ButThreeLeftsDo (MAGA!!!)
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To: Monrose72

10% tariffs have become the three month warning that 25% tariffs are coming on those products - better find a substitute supplier quick.


10 posted on 08/01/2019 11:17:00 AM PDT by BeauBo
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To: Monrose72

IMO, Deal with China waiting for the 2020 election. They are pinning their hopes on Prez Trump losing.


11 posted on 08/01/2019 11:26:55 AM PDT by duckman ( Not tired of winning!)
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To: babble-on

“Our enemies being US farmers and manufacturing.”

What?


12 posted on 08/01/2019 11:28:22 AM PDT by wildcard_redneck (Freeper formerly known as WMarshal.......)
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To: Monrose72

Wow 10% realizes $30B < $3B/month. This doesn’t even move the economic needle BUT WALL STREET WILL OVER REACT FOR SURE.


13 posted on 08/01/2019 11:32:19 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: babble-on

Should be 25% but I’ll take it.


14 posted on 08/01/2019 11:33:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: wildcard_redneck

Farmers are snow flakes and a pain in the ass but I don’t consider them the enemy. Manufacturing is the heart of any countries economy.


15 posted on 08/01/2019 11:34:54 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Monrose72
Call and thank this President!

(202) 456-1111

16 posted on 08/01/2019 11:35:24 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Monrose72

The beatings will continue until morale improves.


17 posted on 08/01/2019 11:38:34 AM PDT by babble-on
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To: be-baw

For real. I came here to see the same thing. Look at the swing . It clear there was news


18 posted on 08/01/2019 11:45:16 AM PDT by RummyChick
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To: Monrose72

one two punch to market’s gut last two days leaves mark. ouch.

Powell’s ‘mid-cycle adjustment’ and now the threat of more tariffs has some investors grabbing profits .. all over 300B worth of goods.. 30B .

Just another day , crazy, Yes, but nothing to jump ship over.


19 posted on 08/01/2019 11:46:02 AM PDT by NormsRevenge (Semper Fi - Monthly Donors Rock!!!)
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To: RummyChick

Trump is increasing tariffs on more Chinese imports by 10%. I believe that is what caused the Dow to drop.


20 posted on 08/01/2019 11:47:28 AM PDT by be-baw
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