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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Threatens to Put Tariffs on Every Single Chinese Import
President Trump has threatened that hes ready to slap tariffs on every single imported Chinese goodamounting to more than $500 billion of products. Im ready to go to 500, the president told CNBCs Joe Kernen, referring to the dollar amount of Chinese imports the U.S. accepted in 2017. So far in the trade war, the U.S. has put tariffs on just $34 billion of Chinese products, which was met with fury and retaliatory measures from Beijing. Im not doing this for politics. Im doing this to do the right thing for our country, Trump said. We have been ripped off by China for a long time. In New York, stock-index futures declined sharply after the interview was broadcastDow Industrials futures were down 100 points at 6:45 a.m. ET.
Link to tweet
READ IT AT CNBC
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https://www.thedailybeast.com/trump-threatens-to-put-tariffs-on-every-single-chinese-import?ref=home
manor321
(3,344 posts)It's insane the market hasn't already crashed.
exboyfil
(17,857 posts)The market has long discounted what he has said. If he takes action, then that is another matter.
DemocraticSocialist8
(396 posts)But trust me, the longer this goes on...the greater the chance we'll see a massive crash. It'll happen when you least expect it. You'll just wake up one day and see the market down 5% lol and it'll keep dropping day after day.
NewJeffCT
(56,827 posts)considering that the economy is doing pretty well (thanks Obama), the Dow should be pushing 30,000 not hovering around 25,000.
Calista241
(5,584 posts)The market is going to take off like a rocket. Especially if we hit 3.5%+ on GDP, which seems likely at this point.
duforsure
(11,882 posts)Because russia is making billions if not trillions off of his sanctions against China now. Is it also to destabilize and hurt our economy, I think it sure looks like it , and dutiful trump for putin is doing it. trumps attacking this country for an enemy now using his office to do it to us, and without republicans stopping it.
dalton99a
(81,073 posts)FormerOstrich
(2,690 posts)There is a reason the President's power is limited in scope. How can he justify this is all for National Security?
Wounded Bear
(58,440 posts)Grammy23
(5,808 posts)And his fans will still not see the conflict. How dumb can they be?