Trump Announces $60 Billion Tariff on Chinese High-Tech and Other Goods (techcrunch.com)

Following months of investigations by the U.S. Trade Representative Robert Lighthizer, the Trump administration announced on Thursday at a White House briefing that the administration intends to place about $60 billion of tariffs on Chinese goods, with the bulk of them likely to be focused on the high-tech industry. The White House will announce a final list of goods subject to the tariffs in the next few weeks. From a report: "We've lost over a fairly short period of time, 60,000 factories in our country. Closed, shuttered, gone. Six million jobs at least, gone. And now they are starting to come back," President Trump said during the briefing. "The word that I want to use is reciprocal -- when they charge 25 percent for a car to go in, and we charge 2 percent for their car to come into the United States, that's not good. That's how China rebuilt itself."

Comments

Re:Bye bye Boeing

[liquid_schwartz]

Then they will just buy $60 billion worth of airplanes from Airbus. We just pissed off Europe not long ago. And they will import chicken feet and other farm products from somewhere else.

At the end of the day we can impose even more - they sell us more than we sell them. How about we also make them only be able to own 50% of a US company and a bunch of other restrictions that they put on us. Fair is fair after all. I'm fine with the US focusing on ourselves for a change. It's not like the world will ever thank us for helping them.

Re:Yeah

[outlander]

> "He is also smart"....

BWAHAHAHAHAHAHAHAHAHAHAH

Sadly, he's too bloody incompetent to even have the capability to assess his own - or other's - competence.

He's an idiot.

And so are you for following him.