Trump to pull tariff trigger at midnight in trade war escalation

[Yo_Mama_Been_Loggin]

President Donald Trump is preparing to slap tariffs on Chinese goods just after midnight Friday, the first shot in a trade war between the world’s two biggest economies.

Tariffs on $34 billion of Chinese goods are scheduled to take effect at 12:01 a.m. in Washington, the U.S. Trade Representative confirmed in an email Thursday. The milestone marks a new and damaging phase in a conflict that has roiled markets and cast a shadow over the global growth outlook.

In Beijing, policy makers are digging in for what could be a protracted fight -- one in which they say they won’t be the aggressor. Beijing has said retaliatory tariffs on U.S. goods ranging from soybeans to pork will go into effect immediately after the U.S. acts.

With further tit-for-tat levies already threatened between the U.S. and China, some investors are concerned this week may mark the start of a trade war that spreads globally. Trump has already imposed tariffs on imported steel, aluminum, solar panels and washing machines.


https://upload.democraticunderground.com/?com=post&forum=1002&stop=1

[underpants]

1. Just as Putin wants n/t

[Wellstone ruled]

2. Further dividing of the World friends

into two camps. Russian and Chinese.

[Rebl2]

3. I just

don’t understand how Trump thinks this will help our economy. This is going to hurt a lot of American workers. Why doesn’t he get this?

[redwitch]

4. Because he is dumber than a box of rocks.

With apologies to rocks.

[FloridaBlues]

5. Yes we are going see prices raise not just jobs loss