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Trump Ups Ante on China, Threatens Duties on Nearly All its Imports (reuters.com)
U.S. President Donald Trump warned on Friday that he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on another $267 billion in Chinese goods on top of $200 billion in imports now primed for levies in coming days. Reuters: The moves would sharply escalate Trump's trade war with Beijing over his demands for major changes in economic, trade and technology policy. China has threatened retaliation, which could include action against U.S. companies operating there. Hours after a public comment period closed on his $200 billion China tariff list, Trump told reporters aboard Air Force One that he was "being strong on China because I have to be."
"The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent its going to be up to China," Trump said. "And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That totally changes the equation." [...] The $200 billion list, which includes some consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, would be subject to tariffs of 10 percent to 25 percent. Cell phones, the biggest U.S. import from China, have so far been spared, but would be engulfed if Trump activates the $267 billion tariff list. Further reading: Apple says Trump's China tariffs are going to hurt the company.
"The $200 billion we are talking about could take place very soon depending on what happens with them. To a certain extent its going to be up to China," Trump said. "And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. That totally changes the equation." [...] The $200 billion list, which includes some consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, would be subject to tariffs of 10 percent to 25 percent. Cell phones, the biggest U.S. import from China, have so far been spared, but would be engulfed if Trump activates the $267 billion tariff list. Further reading: Apple says Trump's China tariffs are going to hurt the company.
Trump then went on to mispronounce the word "anonymous" multiple times and walked off stage.
Trump's not going to do shit about China. They're laughing at him and they know all they've got to do is wait now. It won't be long.
Plus, any further tariffs will be written on one of those pieces of paper his staff has been snatching off his desk to keep him from fucking up completely.
You are welcome on my lawn.
"The sudden loss of access to previously affordable goods will encourage workers to be more passionate about their career. This will spur the economy further and reduce the gap between the rich and the poor." - government analyst probably.
Yes, I believe he did think of that, because he said "Now, you can argue that my wages will start climbing as a result of this, but..."
Alternative link for Canadians and Brits: https://www.youtube.com/watch?...
And if thats TLDW for you, at least watch from 14:54 to see how Trump got his Trade with China expert.
Of course news about a fake are Fake News.
every penny of that 467 billion is being spent on Dear Leader's ego. It's a small price to pay for such an exquisitely rare, delicate, and gilded of egos. I hear there may be one or two more out there, but I never saw one. No Collusion! Let me tell you, though, the ego that you're going to be getting... means that I'll be very happy on tv. That means more ratings. The happier I am, the more ratings I get, which means I'm worth more. And let me tell you, once all of that happiness trickles down to you dumb southerners, you'll be happier too - thus you'll get better ratings, and make more money. That'll really make those 17 angry democrats even more angry. And the more angrier they get, the less happy they'd be... so they'd get less ratings and make less money. It's win win win lose draw win. I like drawing. I make the best drawings. I colored that flag better than all those kids. Those kids are losers, let me tell you about losers. Losers have fragile egos. Not an ego like mine, mine is huge. An ego that big can't be fragile because it's big. Have you seen those photoshops of my inauguration? Ya, big like that. Bigly big. Big bigly. Happy.