Posted on 07/11/2018 8:04:16 AM PDT by GonzoII
China said it is "shocked" after the US announced plans for fresh tariffs, escalating a trade war between the two countries.
The US listed $200bn (£150bn) worth of additional products it intends to place tariffs on as soon as September.
The move comes just days after the two countries imposed tit-for-tat tariffs of $34bn on each other's goods.
Beijing described Washington's latest threat as "totally unacceptable," saying it would harm the world.
"The behaviour of the US is hurting China, hurting the world and hurting itself," a spokesperson for China's commerce ministry said in a statement.
The spokesperson also said the government would have to take the "necessary counter-measures".
The list names more than 6,000 items including food products, minerals and consumer goods such as handbags.
The public will have until the end of August to comment on the list before the new tariffs - to be imposed at 10% - come into effect.
(Excerpt) Read more at bbc.com ...
This is easy. All China has to do is revise its tariff and regulation policies on US goods sold in China and the whole problem goes away.
That is what I have been thinking
As the trade deficit goes down, and as the dollar strengthens, the prices of imported gook made stuff will remain about the same.
I don't believe China gives a damn if we put 30% tariffs on
their products. They just don't want America preventing
their theft of its intellectual property and
defense and industrial secrets. Now that would throw
monkey wrench in their plans of world domination.
“Same with the globohomos on FR. They are disappointed that the huge and unfair trade imbalance is being rectified.”
The same idiots who decry “Trade wars are bad” and fail to realize we’ve already been in a trade war with China for 20+ years.
Yep.
The only thing worse than a war is refusing to acknowledge that you are in one even as you are being steamrolled.
The very same people.
Ok by me.
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