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Trump calls for tariffs on additional $200B in Chinese goods as trade war ramps up
The Hill ^ | 06/18/2018 | Brett Samuels

Posted on 06/18/2018 4:58:57 PM PDT by SpeedyInTexas

President Trump said Monday he's directed his administration to identify $200 billion worth of Chinese goods that will be subject to additional tariffs, escalating the ongoing trade dispute between the U.S. and China.

The president announced Friday that the U.S. would impose 25 percent tariffs on $50 billion in Chinese goods. Beijing responded with reciprocal tariffs on U.S. products.

Trump declared Monday that "further action must be taken to encourage China to change its unfair practices." As a result, he asked his trade representative, Robert Lighthizer, to identify $200 billion worth of Chinese goods that would be taxed at a rate of 10 percent.

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


TOPICS: Breaking News; News/Current Events
KEYWORDS: trumpasia; trumptrade
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Disagree with the President slightly. 10% tariff should be at least 25%.
1 posted on 06/18/2018 4:58:57 PM PDT by SpeedyInTexas
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To: SpeedyInTexas

Disagree with the President slightly. 10% tariff should be at least 25%.
************************************************
LOL — It’s not over; he might get to 25% (or more) yet.


2 posted on 06/18/2018 5:02:55 PM PDT by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY)
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To: SpeedyInTexas

Yep, we’re just WARMING UP.


3 posted on 06/18/2018 5:15:09 PM PDT by BobL (I drive a pick up truck because it makes me feel like a man)
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To: House Atreides

Im retired on a small fixed income. Im willing to pay more for American, Taiwan, or other friendly nation products, and make cuts in my budget accordingly.


4 posted on 06/18/2018 5:17:29 PM PDT by davidb56
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To: SpeedyInTexas

China can’t win this.

If they “beat” President Trump, the US is bankrupt. And then so is China. They can’t survive without our economy buying their stuff. Will be a civil war there very quickly. (One is actually in the near future there, but that’s a different topic.)

If President Trump wins, we get fair trade and China (including their oligarchy who makes even our Uber corrupt Uniparty look like pikers) gets to keep making billions.

Some other ways this can play out but they are mostly variations of those above.

President Trump obviously “gets” this.


5 posted on 06/18/2018 5:18:08 PM PDT by piytar (If it was not for double standards, the Democrats and the left would have NO standards.)
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To: SpeedyInTexas
As much as I love that someone is FINALLY trying to do something about the huge trade imbalance, one has to wonder..where does this end?

Far as I know, this is just going to go back and forth with reciprocal tariffs until there's nothing left to put additional tariffs on. In the meantime, we're going to see huge $$s of market value wiped out on Wall Street.

What's the end game here?

6 posted on 06/18/2018 5:18:09 PM PDT by jstolzen (All it takes for the triumph of evil is for good men to do nothing - Edmund Burke)
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To: SpeedyInTexas

GO TRUMP GO


7 posted on 06/18/2018 5:24:48 PM PDT by Read Write Repeat (4MY)
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To: jstolzen

China will run out of items to put tariffs on.

We send China $125 billion yearly.
They send us $500 billion yearly.

Trump is talking about $50 billion in tariffs shortly, followed by another $200 billion in tariffs.

There is a math problem here for China. They can’t put $250 billion of tariffs on, because we only send them $125 billion. China can’t win this battle.

What is the end game? USA wins. China will have to significantly reduce their trade surplus and making changes to their economic policies.


8 posted on 06/18/2018 5:28:21 PM PDT by SpeedyInTexas
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To: SpeedyInTexas

Buckle up everyone. This is going to be an exciting ride


9 posted on 06/18/2018 5:33:12 PM PDT by McGavin999 ("The press is impotent when it abandons itself to falsehood."Thomas Jefferson)
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To: jstolzen

What’s the end game here?
**************************
However it ends, as long as Trump is President it ENDS WITH CHINA HAVING A HUGELY REDUCED TRADE SURPLUS WITH THE US. China doesn’t realized that just yet but TRUMP IS TEACHING THEM.


10 posted on 06/18/2018 5:37:29 PM PDT by House Atreides (BOYCOTT the NFL, its products and players 100% - PERMANENTLY)
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To: davidb56

“I’m retired on a small fixed income. Im willing to pay more for American, Taiwan, or other friendly nation products, and make cuts in my budget accordingly.”

Good for you, I’m honored to comment on your posting, A REAL AMERICAN, willing to put our country’s interests first.

One of the best parts of these tariff fights is watching the left being forced to take the Globalist side, they’re just sitting ducks for me on other forums!


11 posted on 06/18/2018 5:44:36 PM PDT by BobL (I drive a pick up truck because it makes me feel like a man)
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To: jstolzen
What's the end game here?

I don't know, but I suspect Americans will be buying more domestic goods rather than pay high prices for imported goods. That couldn't be the goal, could it? MAGA

12 posted on 06/18/2018 5:52:39 PM PDT by roadcat
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To: jstolzen

“In the meantime, we’re going to see huge $$s of market value wiped out on Wall Street.

What’s the end game here?”

The end game is America with an industrial base that can win the next war, rather than lose and be the slaves of Putin and the chinese.


13 posted on 06/18/2018 6:05:29 PM PDT by Reverend Wright (I am a Putin bot and I approve this message.)
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To: SpeedyInTexas

So what are they going to do, put a 25% tariff on our coal? The state owns all the steel mills, so are they gonna tax themselves?


14 posted on 06/18/2018 6:07:25 PM PDT by henkster (Monsters from the Id.)
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To: davidb56

I, for one, would be happy to see all food manufactured in China and sold in the US go away.


15 posted on 06/18/2018 6:08:17 PM PDT by Paladin2
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To: henkster

Coal seam fires in China generate as much CO2 as all of the light duty trucks running around the US.

I’m not sure about the world distribution of the production of metallurgical coal.


16 posted on 06/18/2018 6:09:57 PM PDT by Paladin2
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To: jstolzen

I read the “Art of the Deal” at university. The endgame in the book summary is “I win, you lose”. Trump knows what he’s doing.


17 posted on 06/18/2018 6:14:20 PM PDT by max americana (Fired libtard employees 9 consecutive times at every election since 08'. I hope all liberals die.)
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To: henkster
China has already announced a tariff on US oil, and they are buying about 450,000 barrel per day from the US.

And if Canada were to put a tariff on US oil, .........

18 posted on 06/18/2018 6:22:40 PM PDT by Ben Ficklin
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To: jstolzen
Far as I know, this is just going to go back and forth with reciprocal tariffs until there's nothing left to put additional tariffs on.

Yep, but the US is in the hole on this, so China (with a smaller economy) has proportionitly much more to lose.

19 posted on 06/18/2018 6:28:46 PM PDT by glorgau
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To: SpeedyInTexas

How about tariffs on Mexico to stop them from sending their children


20 posted on 06/18/2018 6:35:12 PM PDT by butlerweave
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