Posted on 03/16/2018 12:12:00 PM PDT by NRx
WASHINGTON — The dust has yet to settle on President Trump’s decision to impose sweeping tariffs on steel and aluminum imports, but the White House is preparing another major trade measure, this time aimed squarely at China.
Mr. Trump and his top trade advisers are readying a raft of actions to penalize China’s theft of American intellectual property, including tariffs on at least $30 billion of annual Chinese imports, people familiar with the discussions said.
The measures, which could be announced as early as next week, may also include investment restrictions, caps on visas for Chinese researchers and challenges to China’s trade practices at the World Trade Organization. Those familiar with the planning cautioned that the timing could be delayed, and that such measures are likely to be introduced in stages.
The rapid pace of White House trade measures is no accident and comes at the president’s request. At a White House meeting last week, Robert Lighthizer, the United States trade representative, presented Mr. Trump with a plan to target $30 billion a year in Chinese imports.
That amount is equal to the cost that Mr. Lighthizer’s office estimates Chinese policies aimed at acquiring American technology impose on American companies annually. In August, Mr. Lighthizer officially began an investigation into those practices, which include digital warfare as well as requiring companies to hand over trade secrets and form joint ventures with Chinese partners to gain access to certain markets.
(Excerpt) Read more at nytimes.com ...
For a young idiot, you're pretty damned smart.
I don't think you're understanding. The trade deficit is contributing to budget deficit. We need to put a stop to the idiotic and ruinous trade deficit with the Chinese communists that impacts wage earner incomes of American citizens. That'll will go a long way to reducing the budget deficit.
I could care less about Chinese communist jobs. I say let the trade war begin. And it's about time. There's more important things to consider than the availability of cheap communist Chinese produced electronics.
Well that is heartbreaking. I guess if the Chinese population gets up enough gumption to throw off their Marxist oppressors that will change. Not the problem of everyday American citizens. Our ancestors fought for freedom from government oppression thank God. Now it's up to us to protect that freedom for our descendants. And that should include not allowing obscene trade deficits with communist regimes. I'm behind Trump all the way on this issue.
A trade imbalance by itself doesn't create a money debt. The debt you mention in 16 comes from the budget deficit. If the government spends $100 in a year, but only takes in $90, the $10 difference is a budget deficit. When the government sells a bond to cover the deficit, a $10 debt is created. If the government reduced it's spending by $10 it would not need to create that debt.
A country can run a trade imbalance and create no debt.
Best President evah!
A Canada that put a part time drama teacher in power? I use to have hope but I just think the populace is essentially socialist.
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