China: The US has started 'the biggest trade war' in history

[DonViejo]

by Jethro Mullen @CNNMoney
July 6, 2018: 12:43 AM ET

China on Friday accused the United States of starting "the biggest trade war in economic history" as the two sides imposed steep new tariffs on tens of billions of dollars of each other's exports.

The Trump administration's 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. They kicked in just after midnight ET, which is noon in Beijing.

China's tariffs on US goods came into effect immediately afterward, a spokesman for the Chinese Foreign Ministry said Friday.

Trump and his advisers argue the tariffs are necessary to pressure China into abandoning unfair practices such as stealing intellectual property and forcing American companies to hand over valuable technology.

Beijing insists it's the injured party.

more
https://www.thedailybeast.com/china-trump-just-started-biggest-trade-war-in-history?ref=home

[dalton99a]

1. The biggest and the best.

[greymattermom]

2. Can China affect Trump directly?

Can they charge an export fee on Trump products?

[DonViejo]

4. here you go...

I just posted this a few mins ago:

Trump’s Business Empire Retains Close Ties to China
https://www.democraticunderground.com/100210835119

[CentralMass]

3. The Dem leadership seems relatively silent on this.

[Thomas Hurt]

5. I'll believe that when the Chinese pull their loan from that Trump Org project...

in Indonesia, cancel all of Princess Ivanka's trademarks and such, and ban the Kushner's from hawking visas in China.

[duforsure]

6. trump is trying to destroy our economy

For putin's revenge against what President Obama did to them with sanctions. He knows exactly what he's doing to us, and why, he's a russian agent for putin.