Trump set for China tariff announcement on Thursday, trade war fears grow

Reuters ^ | March 21st, 2018 | David Chance, Steve Holland

[Mariner]

WASHINGTON (Reuters) - President Donald Trump will announce tariffs on Chinese imports on Thursday, a White House official said, in a move aimed at curbing theft of U.S. technology that is likely to trigger retaliation from Beijing and stoke fears of a global trade war.

There was no indication of the size and the scope of tariffs, which U.S. Trade Representative Robert Lighthizer said on Wednesday would target China’s high technology sector and which could also include restrictions on Chinese investments in the United States. Other sectors like apparel could also be hit.

“Tomorrow the president will announce the actions he has decided to take based on USTR’s 301 investigation into China’s state-led, market-distorting efforts to force, pressure, and steal U.S. technologies and intellectual property,” the official said.

The investigation undertaken by the United States under the Section 301 of the 1974 Trade Act has identified theft from and coercion of U.S. companies to disclose their intellectual property as well as purchases by Chinese state funds of U.S. companies for their technology knowledge.

[Mariner]

China says they will retaliate by targeting ag exports from states/districts of Trump's base.

HUGE mistake. By China that is.

[JPJones]

Go Trump!

Keep out illegal aliens.

Keep out illegal products!

[Mariner]

From the article:

“Estimates of the cost of counterfeit goods, pirated software, and theft of trade secrets and could be as high as $600 billion, according to one influential study. “

[DoughtyOne]

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President Donald J. Trump and the Free Republic of the United States of America
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Just $735.00 dollars to 98.00%

[TTFlyer]

"Oh woe oh woe!" "We MUST not piss off the Chinese Commies!"

- The GOP

[Alberta's Child]

You mean those “Nolex” watches being sold on New York City sidewalks by recent immigrants aren’t really expensive watches?

[Mariner]

Now is the time to put an end to this.

The pain for the US will increase with each passing day, all the while China will continue to bleed off our Capital Stock.

Tomorrow may be too late.

[Mariner]

And it will be the GOP “free traders” and globalists that will be loudest in opposition.

Dumb bastards forgot who votes for them.

[GoldenState_Rose]

Ping!

[cba123]

Thanks.

I may be off the board for several days. See you all when I am back online.

[shanover]

America started the war when we gave all of our manufacturing to China. China never looked back. I see this as a war to fight back and regain what was once ours as we rebuild/retool our manufacturing for the future. F-the Chicoms and American sellouts.

[Boardwalk]

Perfect analysis.

[klimeckg]

Mitch is gonna be sleeping on the couch for a very long time and Daddy Chao ain’t happy!

[klimeckg]

Pay attention to how Mitch McConnell with be hard on Trump and soft on China. China owns Mitch

[central_va]

Tariffs are Patriot candy.

[central_va]

How can you fear a trade war that already started decades ago?

[BeauBo]

We have had a full blown trade war with China since Bill Clinton’s administration - we are just finally starting to fight back.

It is like those Rocky movies, where Rocky gets the crap pounded out of him for several rounds, until at some point he starts putting his hands up and punching back.

Except that in our case, it was largely the fault of sell out politicians giving away the store, to fill their own pockets.

[Truthoverpower]

China is so dependent on us it’s laughable
The people there after 60 plus years of commie rule are barely out of mud huts in many places
They have 750000000 poor people making less than 10k a year
Try to wrap your head around that

[TheConservativeTejano]

Thanks for your comments on this really important issue.

BTW, I agree on all ur points.