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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump ups tariff threat, slams Fed, big US trading partners
WASHINGTON President Donald Trump on Friday escalated his threats to punish China for its trade policies, warning anew that hes prepared to impose tariffs on all Chinese imports and arguing that Beijing has manipulated its currency at the expense of the United States.
In a taped interview with the business channel CNBC, Trump warning, Im willing to go to 500, meaning hes prepared ultimately to impose tariffs on $500 billion in Chinese imports roughly the value of all the goods Beijing shipped to the United States last year.
Doing so would mean that American households and companies would have to pay sharply higher prices for all Chinese products, as long as the tariffs remained in effect. Trump has already imposed tariffs on $34 billion in Chinese goods, and Beijing has retaliated with tariffs on an equal amount of American exports.
Trump had earlier threatened to target up to $550 billion in Chinese products a figure that exceeds the $524 billion in goods and services China actually shipped to the United States last year. But his remarks to CNBC caught financial markets by surprise Friday. U.S. stocks sank in early trading before rebounding.
https://www.heraldnet.com/business/trump-ups-tariff-threat-slams-fed-big-us-trading-partners/?utm_source=DAILY+HERALD&utm_campaign=932ab4ced0-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-932ab4ced0-228635337
Anyone who bought the BS that Trump is a financial wizard has their head up their ass.
John Fante
(3,479 posts)That you can bet.
beachbum bob
(10,437 posts)how much is this going to cost america? Trillions I suspect.
We have the fight for our survival in less than 110 days
SWBTATTReg
(21,856 posts)beachbum bob
(10,437 posts)SWBTATTReg
(21,856 posts)bankrupt companies...and people at one time thought he alone, had all of the answers?
HA! What a joke of a human being, a so called billionaire (yeah, right...), and of course a lousy president who doesn't know which way is up...
beachbum bob
(10,437 posts)they own us and the pain will be severe once they decide THEIR response to trump
Sneederbunk
(14,207 posts)SWBTATTReg
(21,856 posts)Seize the assets of all American companies in China;
Dump the trillions and trillions of dollars that the Chinese have already, and cause the downfall of the US dollar;
If you're a company wanting to do business in China, must certify that your company isn't doing business w/ any American companies;
etc.
beachbum bob
(10,437 posts)SWBTATTReg
(21,856 posts)beachbum bob
(10,437 posts)their bought and paid for republicans to do something
that will be enjoyable to watch