Trump Ratchets Up Trade War

STOP IT!

“In light of China’s unfair retaliation, I have instructed the [United States Trade Representative] to consider whether $100 billion of additional tariffs would be appropriate,” the president said in a statement.

Earlier this week, the United States announced new tariffs on $50 billion worth of Chinese goods, claiming that China is stealing US intellectual property. China responded within hours by announcing $50 billion worth of tariffs on US goods.

The moves follow US tariffs that were imposed earlier this year on Chinese steel and aluminum, which also prompted retaliatory measures from China.

Trump’s announcement late Thursday that his administration could target another $100 billion of Chinese goods rattled markets and drew criticism from businesses and from within his own party.

Tariffs do nothing by wreck parts of the economy and retard the invisible hand of capitalism.

13 Responses to Trump Ratchets Up Trade War

  1. dad29 says:

    Faddle-twaddle, Owen.  I’ll take the tariffs for $500BN, Alex.

  2. Charlie Hillman says:

    Could not agree more. Please STOP IT!

  3. Charlie Hillman says:

    After watching the swampy profiteering of Pruitt/Icahn, I can’t help but be a little suspicious.

    With money and knowledge, one could make a fortune on commodity futures with a friend who can move markets by tweet.

    Of course, the collateral damage would be our farmers but hey, those are the little people.

    Nice to see a few GOP senators in the farm belt rediscover their backbones.

     

  4. jjf says:

    Dad29, what has the market been saying about Trump’s ideas?

  5. MHMaley says:

    China listened to the President in the campaign and had a plan ready . It targets Trump voters and Trump states .
    Do they steal our intellectual property , yep .
    Wi our tariffs stop that ?
    We’ll see .
    Will Trump’s voters be willing to suffer the pain of the Tariffs before they go to the streets and / it vote a different way in 2018 ?
    We’ll see .

  6. dad29 says:

    I don’t know, John Foust.  What’s the market been saying about an 8-year upward run?

  7. Paul says:

    I see Mark Maley is drunk posting again.

  8. Letsgetreal says:

    Mark and Paul are pretty much equals….

     

  9. Paul says:

    Eso si que es.

  10. Paul says:

    Chris Benoit yourself.

  11. jjf says:

    Dad29 – “Thank you, Obama”?

  12. dad29 says:

    Wrong diagnosis, Foust.  Thank you, Fed Reserve, for bubble money at 0%.

    Now that the FRB is becoming serious about rate escalation, the bubble-bath is losing its air.

  13. MHMaley says:

    Let’s get real – I use my name and I know who you are .
    Use your real name or I will do it for you .
    Then those school board posts will make more sense When everyone knows who’s making them .

    Hiding behind a surname is like hiding behind your wife’s job . Or is it exactly the same ?

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