China slaps back at latest United States tariffs in trade war escalation

[DonViejo]

Source: South China Morning Post via Politico



By TEDDY NG I SOUTH CHINA MORNING POST 08/23/2018 07:48 AM EDT

China slapped 25 percent tariffs on an additional $16 billion in American goods on Thursday — following a similar move by the United States in their escalating trade war.

The escalation came despite Vice Commerce Minister Wang Shouwen’s current visit to Washington for talks with U.S. Treasury undersecretary David Malpass, in an effort to reduce tensions.

A statement released by the Finance Ministry said the new tariffs had been imposed on U.S. goods after Washington slapped the same level of tariffs on China on Thursday.

A statement released by China’s Commerce Ministry said the latest tariffs by the U.S. were a violation of World Trade Organization rules.

Read more: Link to source

[beachbum bob]

1. geeze, I thought talks were happening

[atreides1]

5. It got a rise in the stock market

Stock market went up, when it was revealed that the US and China were talking about trade!

The PTB got the desired result...now it's back to the tariff shuffle!!!

[BumRushDaShow]

2. This is a win-win for China

Last edited Thu Aug 23, 2018, 09:37 AM - Edit history (1)

because when most of your population has little or nothing (and your "1%" looks like a lot because 1% of 1.4 billion is 1.4 million), then you can take a whole lot and few will notice.... Whereas WALMART AMERICA is gonna be in for a rude awakening.

EDIT 1% is 14 million!!!!

[Bernardo de La Paz]

6. China can withstand more pain than the US. But 1% of 1.4 billion is 14 million, not 1.4. . . . nt

[BumRushDaShow]

7. Yup and yup (not enough caffeine this morning)

[SergeStorms]

3. "Trade wars are easy to win".

Wharton School graduate and everything, you know?

[Achilleaze]

4. Thanks a diaperload, republicans

for pissing all over US economy, security, and honor

[justhanginon]

8. The US economy, security and honor which have fallen

into disrepute under the foul trump republican administration.

[Power 2 the People]

9. Such a great negotiator

Hopefully his stupidity clears the Trump Fog from the eyes of a few of his brainless supporters.