Trade War Against China Is Officially Underway....

Question

Shots fired as China tariffs take effect............

A trade war between the United States and China officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products...

The penalties went into effect at 12:01 a.m. China vowed to retaliate...The Chinese government has said it will tax an equal amount of American exports..

President Trump has threatened to escalate the trade conflict with tariffs ,...President Trump said the US is ready to target an additional $200 billion in Chinese imports — and then $300 billion more — if Beijing does not yield to US demands and continues to retaliate..

As stated before China can’t win this trade war..

America sends China $125 billion yearly. China send us $500 billion yearly...

China can’t put the same amount of tariffs on us because we only send them $125 billion...........Although,President Trump holds all the high cards on tariffs... China by being the largest holder of US Treasury bills ( $1.2 trillion of US debt) ,, could be holding the trump card in the trade war..

As laugh-in's Artie Johnson's German soldier character would say .. "Verrrry interesting"...

SarasotaSlim · Answer

Shots fired as China tariffs take effect............

A trade war between the United States and China officially began on Friday morning as the Trump administration followed through with its threat to impose tariffs on $34 billion worth of Chinese products...

The penalties went into effect at 12:01 a.m. China vowed to retaliate...The Chinese government has said it will tax an equal amount of American exports..

President Trump has threatened to escalate the trade conflict with tariffs ,...President Trump said the US is ready to target an additional $200 billion in Chinese imports — and then $300 billion more — if Beijing does not yield to US demands and continues to retaliate..

As stated before China can’t win this trade war..

America sends China $125 billion yearly. China send us $500 billion yearly...

China can’t put the same amount of tariffs on us because we only send them $125 billion...........Although,President Trump holds all the high cards on tariffs... China by being the largest holder of US Treasury bills ( $1.2 trillion of US debt) ,, could be holding the trump card in the trade war..

As laugh-in's Artie Johnson's German soldier character would say .. "Verrrry interesting"...

moneym8 · Answer

&#xA;How much are the tariffs for Trump products made in China? I&#x27;m having a hard time finding that information.

thirdperson · Answer

First casualty of war is the truth.. According to George mason university. Trump promotes the myths that trade barriers benefit the US, free trade leads to job losses, trade treaties require a surrender of sovereignty and trade deficits are bad for the US. Actually, deficits have nothing to do with bad trade deals. Deficits occur naturally when rich nations buy more from poorer nations.

But bully Trump likes to blame others for imaginary problems. He is playing politics which is madness from a economic point of view. Trump tariffs hurt allies more than enemies. US chamber of commerce condemns his tariffs. Everyone pays in either higher prices, lower standard of living, job losses or lower economic growth.

According to tax foundation, Trump tariffs could eliminate any benefit from his tax cuts for a majority of americans. The last time US used worldwide tariffs lead to the great depression of the 1930s.

LRM704 · Answer

Take your  ACCORDING TO  and stuff it

wallstreetcappers · Answer

&#xA;This isnt a reply you should be making...and if it happens again you will be boxed for doing so.&#xA;If you lack the ability to respectfully reply please do not click submit.

SarasotaSlim · Answer

The United States and China have exchanged $34 billion worth of tariffs.

The American duties affect products such as water boilers, X-ray machine components, airplane tires and various other industrial parts. The Chinese targets include soybeans, pork and electric vehicles.

There probably isn't a good time for a trade war ,,but with our economy going strong and the expected advance in gross domestic product at 3.8 /4.8 % for the second quarter.... now is as good of time as any for President Trump to address the trade imbalance..

StumpTownStu · Answer

Spend a little more and buy American. There are somethings you just about can&#x27;t avoid buying chinese but there is a lot you can. I do whenever I can.

thirdperson · Answer

According to Peterson institute, there is no evidence that high tariffs reduce trade deficits especially if other countries use retaliatory tariffs. There are better ways to lower trade deficits such as reducing federal budget deficit which causes government to borrow more from other nations to finance its spending. However Trump unnecessary tax cuts add extra $1 trillion to federal deficits over the next 10 years.

Trump ignores the fact that US has a trade surplus of over $300 billion in services with China and the world. Big service exports include tourism, education and banking. In recent decades, US and most western nations have shifted from goods to services. Now service sector accounts for 80% of US economic activity. Instead of trying to revive dying industries, US would be better off to invest in infrastructure and training for future jobs.

SarasotaSlim · Answer

According to President Trump another $16 billion of tariffs against China are coming in two weeks ...........

Doubleadownon12 · Answer

I wonder who the Trumptard sycophants will blame when the tax increases really come into effect and the tariffs take a real bite out of the economy. Not to mention the financial and student loan bubble we are building up that no one&#x27;s talking about. The next decade could make the 08&#x27; Crash look like child&#x27;s play.

Midnight1 · Answer

He&#x27;s too dumb to realize that no one wins a trade war.&#xA;Dumb dumb dumb

Trade War Against China Is Officially Underway....

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