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Trump ramps up China trade war with new tariffs on $200 billion in products
Dallas News ^ | 7/10/2018

Posted on 07/10/2018 5:41:31 PM PDT by cba123

The Trump administration pushed ahead with plans to impose tariffs on additional $200 billion in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world's two largest economies.

The tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative's office Tuesday.

(please see full article at the link)

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


TOPICS: Breaking News; Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: america; braking; china; omg; tariffs; trade; tradedeficits
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To: klimeckg

I’d add that I’m sure Trump is smart enough to do this. But Congress and other pols - not so much. :-(


21 posted on 07/10/2018 6:35:40 PM PDT by Paul R.
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To: Paul R.

It’s all posturing… Read the art of the deal.


22 posted on 07/10/2018 6:36:19 PM PDT by vannrox (The Preamble to the Bill of Rights - without it, our Bill of Rights is meaningless!)
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To: light-bulb

“A Tariff is just a tax on the consumer.”

..but only on goods from China, who would use the profits to build their military power against us and our allies.

In many cases, American producers (and those in other countries), will compete with each other on price to capture the market from the Chinese manufacturers, below the level of the tariff.

So some of the effect is consumers paying more, but some of the effect is consumers substituting suppliers. Some prices go up, but also our industry grows (providing more jobs, higher wages, more tax revenue, and growing a whole supply chain for new capacity added).


23 posted on 07/10/2018 6:38:47 PM PDT by BeauBo
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To: cba123

Show me how stupid I am...

Why do all Asian markets sink when tariffs are announced against China?
Makes NO sense to me. Heck, tariffs against China help other Asian exporters!


24 posted on 07/10/2018 6:40:57 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: grey_whiskers

Free Trade works...only if it is Fair free trade. The Euroscum and chinks are not engaging in free trade. we need to add another 200B onto that to get their attention.


25 posted on 07/10/2018 6:43:13 PM PDT by davidb56
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To: light-bulb

Asinine argument .
EVERY tax is a tax on consumers. So what?

Also have the option of purchasing non-tariffed goods.


26 posted on 07/10/2018 6:44:15 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: mrsmith

“Why do all Asian markets sink when tariffs are announced against China?”

One reason is that many of the companies listed on those other Asian stock markets, have invested a lot of their money in manufacturing facilities in China.


27 posted on 07/10/2018 6:46:11 PM PDT by BeauBo
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To: vannrox

I’m glad you did too. :-)

Now, I do mostly agree, but, if we have to walk away (knowing when is part of the art too), in this case it can still be a win-win-win...


28 posted on 07/10/2018 6:51:30 PM PDT by Paul R.
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To: BeauBo

Of course!
Same reason some US stocks drop.

Trump’s cutting the Gordian Knot. Good for him.


29 posted on 07/10/2018 6:52:16 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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Comment #30 Removed by Moderator

To: mrsmith

US futures market is tanking tonight.


31 posted on 07/10/2018 7:06:02 PM PDT by ButThreeLeftsDo (Free Republic Needs Your Monthly Donations!!!)
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Comment #32 Removed by Moderator

To: cba123

Good
Screw the lying chicoms


33 posted on 07/10/2018 7:12:38 PM PDT by Truthoverpower (The guvmint you get is the Trump winning express !)
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To: light-bulb

What an apropos moniker. Not the brightest bulb in the marque are you?

https://www.youtube.com/watch?v=uCZ58OJjrFU

https://www.youtube.com/watch?v=Xg-0z5RWbAU

That and the US labor market is tightening hard core. Wages are going up. On top of that China subsidizes a lot of their industry. Their economies of scale are going to nose dive and boy is that going to cost them a lot. China can not win this. We are going to beat them like a rented mule.

US demand curves are going to shift as are Chinese supply curves to our benefit and their determent.


34 posted on 07/10/2018 7:19:05 PM PDT by LesbianThespianGymnasticMidget (TRUMP TRAIN !!! Get the hell out of the way if you are not on yet because we don't stop for idiots)
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To: vannrox
Read the art of the deal.

Does Tony Schwartz have some wisdom to impart here?

35 posted on 07/10/2018 7:26:19 PM PDT by Poison Pill
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To: davidb56
The Euroscum and chinks are not engaging in free trade.

The average EU tariff is 1.9 vs. 1.6 for US. Not a material difference.

36 posted on 07/10/2018 7:35:46 PM PDT by Poison Pill
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To: ButThreeLeftsDo

Asia actual markets are down 1.5 %


37 posted on 07/10/2018 7:41:21 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: Poison Pill

an average hides a lot.


38 posted on 07/10/2018 7:41:59 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: cba123

Bigly. Man, our Potus never stops trying to MAGA!!!! Best vote I ever made in half a century.


39 posted on 07/10/2018 7:47:37 PM PDT by cazmandeuce
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To: mrsmith
an average hides a lot.

Those are weighted averages, not simple means. So, they account for a lot of variance. No abstract can account for everything. But it's a solid snapshot of where we are.

40 posted on 07/10/2018 7:52:39 PM PDT by Poison Pill
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