[SpeedyInTexas]

I'm stunned. OMG, TRUMP HAS BALLS.

GO TRUMP GO.

[SpeedyInTexas]

"Following a thorough investigation under section 301 of the Trade Act of 1974, the United States Trade Representative (USTR) determined that China has repeatedly engaged in practices to unfairly obtain America's intellectual property. The practices detailed in the USTR's investigation have caused concern around the world. China's illicit trade practices − ignored for years by Washington − have destroyed thousands of American factories and millions of American jobs. On April 3, 2018, the USTR announced approximately $50 billion in proposed tariffs on imports from China as an initial means to obtain the elimination of policies and practices identified in the investigation. Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers. In light of China's unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs. I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests. Notwithstanding these actions, the United States is still prepared to have discussions in further support of our commitment to achieving free, fair, and reciprocal trade and to protect the technology and intellectual property of American companies and American people. Trade barriers must be taken down to enhance economic growth in America and around the world. I am committed to enabling American companies and workers to compete on a level playing field around the world, and I will never allow unfair trade practices to undermine American interests."

[freespirit2012]

more winning..

[DoodleDawg]

He said trade wars are easy to win. I guess we’re going to find out.

[2banana]

God Bless DJT for standing up for America. Finally, a president looking out for the average American citizen and NOT Wall Street.

$400 billion trade deficits with China PER YEAR. They require IP from American companies to do business there. They require joint ventures to sell anything there. Very difficult to take profits out. Etc. Etc. Etc.

Now China is going to put tariffs on imported food. Go right ahead. Food riots in about 3 months. China is NOT self sufficient in FOOD or ENERGY.

The fact is China has everything to lose. China needs American trade and products to SURVIVE. America doesn’t need China. Yeah, OK - my HDTV will be $10 more expensive. We will get through it. And then import cheap electronics from other nations or, maybe, even start to make things again in America.

Tick - Tock China. You are about to get schlonged.

[Paulie]

I’m no trade expert, but...

Why don’t we determine exactly what needs to be done, including tariffs, to make the trade situation right - and do it the first time?

Seems that tit-for-tat might not be the best way to go.

[butlerweave]

and the Chinese say we have Treasuries so there ,LOL good luck

[Salvavida]

If you are a Latin American business man or president, THIS is the time to cash in and remove China from being a supplier.

[Crucial]

If you’re going to double down and you know you have a strong hand, you don’t retreat when there’s pushback. You double down until they give up because they know they will suffer more than you.

[JoSixChip]

I'm stunned. OMG, TRUMP HAS BALLS.

It's called escalation. I'm surprised the Chinese were even willing to get into a pissing contest with Trump. They should have enough intelligence to know Trump is not going to blink and the deal will not get better.

[JonPreston]

The Midterm push begins in earnest. Go DJT!

[QuigleyDU]

Only thing this is gonna do is lead to a recession, and hammer 401ks, Trump will bluster and bash about, then completely surrender just like he did with wall. Now he’s following Bushs example sending neutered troops to border all for show. Wake up people.

[CivilWarBrewing]

BTW, anyone who didn't see Trump's 'round table' today in West Virginia has GOT TO SEE IT. Trump is truly a GODSEND.

Trump In West Virginia -Full Event

[jstolzen]

Thanks, Donald. We had a nice run up in the markets the past few days, but the Dow futures are now down 450+ points.

I love this guy (and voted for him), but could someone PLEASE start getting a filter on him? He’s costing millions of people real money.

BTW and FWIW - I’m as much “America First” as anyone, but there are dynamics here that are FAR beyond the Donald’s ability to manage.

Great Depression 2.0, anyone? Tariffs started the first one in the 20s. Let’s not forget history.

[SpeedyInTexas]

Washington, D.C. – U.S. Trade Representative Robert Lighthizer today released the following statement in support of the President’s direction that the Office of the United States Trade Representative (USTR) consider additional measures under Section 301 of the Trade Act of 1974 regarding China’s unfair acts related to technology transfer, intellectual property, and innovation:
“President Trump is proposing an appropriate response to China’s recent threat of new tariffs. After a detailed investigation, USTR found overwhelming evidence that China’s unreasonable actions are harming the U.S. economy. In the light of such evidence, the appropriate response from China should be to change its behavior, as China’s government has pledged to do many times. Economies around the world – including China’s own – would benefit if China would implement policies that truly reward hard work and innovation, rather than continuing its policies that distort the vital high-tech sector.
“Unfortunately, China has chosen to respond thus far with threats to impose unjustified tariffs on billions of dollars in U.S. exports, including our agricultural products. Such measures would undoubtedly cause further harm to American workers, farmers, and businesses. Under these circumstances, the President is right to ask for additional appropriate action to obtain the elimination of the unfair acts, policies, and practices identified in USTR’s report.”
Any additional tariffs proposed will be subject to a similar public comment process as the proposed tariffs announced on April 3, 2018. No tariffs will go into effect until the respective process is complete.

[Enlightened1]

BOOM!!!

LOVE IT!!!

GO PRESIDENT TRUMP!!!

[chuckee]

This is a game China will lose. Only 15% of our GDP is export based and their GDP is substantially export based more than half to the US. In the end the big win will be when Trump requires China to take more exports from the US to narrow the trade imbalance. Then we really win big time.

[Reno89519]

Yes, put 100% tariffs on all non-essential imports from China. Pressure our allies to either stand with us and do the same, else face our wrath. How long can the Chinese government stand once their workers are out of work? They need us more than we need them.

[trebb]

Trump dosn’t even need a poker face - he’s telling China his hand beats theirs and it’s really a matter of how much they are willing to lose by raising the ante on a losing hand...

[redgolum]

He is making a lot of rural red states very angry.

Not a great move before midterms.

[Candor7]

I’m stunned. OMG, TRUMP HAS BALLS.>>>>>>>>>>>>>>

Time to celebrate!

Also , it is plainly clear that PDJT is an excellent poker player.

If I was on the other side I would be folding and cashing in my chips.

The Red Chinese have been stealing our intellectual property for years, and paying idiots like Bill Clinton for our secrets ( Remember the assassination of Sec. Brown who was about to squeal on Bill Clinton, he had ended security reviews for US military related technology, and moved the export of such tech from State Department to Commerce Dept, and the Chinese sucked all they could.......... https://hennessysview.com/2016/10/02/killing-ron-brown/)

Now President Trump is ending the cycle of pay for play by confronting Red China directly. Militarily sensitive technology will no longer be for sale or for theft to the Red Chinese.

Now watch PDJT deal with Rocket Man. I have a feeling that Rocket Man’s dark gulag kingdom regime soon will be at an end. Pyong Yang is going to be more like Shanghai very soon.

One more Norkie rocket over Japan and there will be a vast glowing slag hole at Yongbyon. Count on it.