Skip to comments.Trump Demands China Slash Trade Surplus, Tariffs (Now Demands China Reduce Deficit, by 200 Billion)
Posted on 05/05/2018 2:13:51 PM PDT by cba123
WASHINGTON/BEIJING The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people familiar with the talks said Friday.
The lengthy list of demands was presented to Beijing before the start of talks Thursday and Friday between top-level Trump administration officials and their Chinese counterparts to try to avert a damaging trade war between the world(ples two largest economies.
(please see full article at the link)
(Excerpt) Read more at voanews.com ...
Washingtons demand for a $200 billion cut from Chinas U.S. goods trade surplus doubles Trumps previous request for a $100 billion cut. China had a record U.S. goods trade surplus of $375 billion in 2017.
Trump has also demanded reciprocity between U.S. and Chinese tariffs, frequently complaining about Chinas 25 percent car tariff while the U.S. equivalent is 2.5 percent.
Best. President. Ever.
Ford will soon wish they didn’t move Focus manufacturing to China.
A 25% tariff on cars out of China ensures they will not sell any of them here.
And, folks, don’t worry how this turns out.
The US has ALL the leverage and the Chinese have none. At best they can walk away and suffer the consequences.
I believe 25% is the tax CHINA charges us, to export things to China.
The tax we charge is just 2.5%, to import something to America.
That is a major point, in the trade talks, in fact.
I am so sick of the these Free Traitors Lie-bertarians gas lighting the public into thinking that we are not already neck deep in a trade war-and, up to now, losing. How can you avert a war that started 30 years ago and has continued unabated up to today?
And THAT was my point.
Trump seeking tariff reciprocity.
It has been one entire generation, that the sell out has been going on.
Both parties. Everyone.
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