Trump proposes $100 billion more in tariffs on China, cites IP

[webfact]

Trump proposes $100 billion more in tariffs on China, cites IP

 

U.S. President Donald Trump walks as he returns to the White House after a trip to Lewisburg, West Virginia, in Washington D.C., U.S., April 5, 2018. REUTERS/Carlos Barria

 

WASHINGTON (Reuters) - U.S. President Donald Trump said in a statement on Thursday that he has instructed U.S. trade officials to consider $100 billion in additional tariffs on China "in light of China's unfair retaliation" against earlier U.S. tariff actions.

 

The statement said the U.S. Trade Representative has determined that China "has repeatedly engaged in practices to unfairly obtain America’s intellectual property."

 

(Reporting by Eric Beech; Editing by Kevin Drawbaugh and James Dalgleish)

 

-- © Copyright Reuters 2018-04-06

[Essecola]

Was China getting the upper hand in trade over the years? This item is a shocker.

[Andaman Al]

So lets get this straight.

Trump proposes 25% tariffs on Chinese steel worth 50 B

China responds with a 3 B increase on US Goods

Trump responds with a 50 B tariff on Chinese high tech industry

China responds with a proposed 50 B Tariff on many US goods including Agriculture

Trump says there is no trade war

Trump proposes a 100 B tariff on other Chinese goods!

 

How can it be an "unfair" retaliation from China when Trump kicked this off with the stupid steel and aluminium tariff in the first place. A bit like terminating DACA then blaming the Democrats.

 

The man is a moron. Either he is simply moronic with no sense of reality, or he has friends who are making lots of dollars today when the market loses another 2-3% or Putin has put him up to it to destabilise China.

 

The potential prognosis, - China will now willy wave by increasing activity in the disputed Islands in the S China Sea, It may well make a move on Taiwan and nuclear war with N Korea is the smallest of our worries.

 

Now you all have your PhD in Hindsight perhaps Trump supporters will realise that HRC was an Angel compared to this idiot.

[lovelomsak]

I really like Trumps approach it is like he took a few pages out of China's  lets do business book.

 China India etc do not do business unless every thing is in their favor. Time for America to use the same sandard . Go Donald go.

[car720]

He imposes 50 billion and they impose 3 billion and he says they are unfair.

Then again I never was much good at math.

[ezzra]

It starting to resemble a poker game where each side is upping the ante

in order to either win more or bluff the other, all remain to see who's

got the bigger balls...

[wombat]

sabre rattling at the behest of the media

[KC 71]

America is in debt with China,and has been for some time.


Sent from my iPad using Thaivisa Connect

[FritsSikkink]

1 hour ago, lovelomsak said:

I really like Trumps approach it is like he took a few pages out of China's  lets do business book.

 China India etc do not do business unless every thing is in their favor. Time for America to use the same sandard . Go Donald go.

You are going to pay more for your goods and thanks the idiot for doing so. 

[starky]

25 minutes ago, ezzra said:

It starting to resemble a poker game where each side is upping the ante

in order to either win more or bluff the other, all remain to see who's

got the bigger balls...

China has far bigger balls and brains. It just deluded flag waving from a country that believe they are the best at everything. How can there be any bluff when the US owes China nearly 1.5 trillion?Team America <deleted> yeah.

Edited April 6, 2018 by starky

[simple1]

45 minutes ago, lovelomsak said:

I really like Trumps approach it is like he took a few pages out of China's  lets do business book.

 China India etc do not do business unless every thing is in their favor. Time for America to use the same sandard . Go Donald go.

You guys are weird, do you never look outside of the Trump BS baffles brains community. e.g. forecast job losses within the US if  the current tariffs are implemented. Personally I do not believe the Trump Administration has the capability to constrain their idiocracy with the negative knock on effects on the international community.

[the guest]

You could ask why in the first place did countries source out jobs and materials to countries like China ? The answer is greed ! 

 

Now that we have woken the sleeping Tiger, only this one has no morals or ethics, and will stop at nothing to get its way. 

 

Either way, this scenario could get quite ugly.

[lovelomsak]

1 hour ago, FritsSikkink said:

You are going to pay more for your goods and thanks the idiot for doing so. 

Or it creats more jobs in the integrated steel industry which has been declining. Or  more obs in the recycled steel industry. More jobs more money simple huh. Keep the work,materials,and end product in America.When people are working they can afford to pay.

[simple1]

45 minutes ago, lovelomsak said:

Or it creats more jobs in the integrated steel industry which has been declining. Or  more obs in the recycled steel industry. More jobs more money simple huh. Keep the work,materials,and end product in America.When people are working they can afford to pay.

You do know that Chinese steel only represents 2% of steel imported into the US.  Trump's tariff does nothing to impact the over supply of steel by the Chinese which lowers steel prices in the global market. Accordingly how many new jobs will be created - facts please, not Trump hyperbole.

[tonbridgebrit]

1 hour ago, the guest said:

You could ask why in the first place did countries source out jobs and materials to countries like China ? The answer is greed ! 

 

Now that we have woken the sleeping Tiger, only this one has no morals or ethics, and will stop at nothing to get its way. 

 

Either way, this scenario could get quite ugly.

Well, yes, this scenario is going to get more ugly. But who do you think is going to feel the pain more ?  America or China ? 

[tonbridgebrit]

3 hours ago, FritsSikkink said:

You are going to pay more for your goods and thanks the idiot for doing so. 

https://uk.finance.yahoo.com/news/big-screen-tvs-other-products-154300303.html

From the article " Prices for big-screen televisions and some household appliances could go up significantly if the Trump administration's proposed tariffs on Chinese imports are enacted."
And   " On a $4,000 TV ... the tariffs might have a several-hundred-dollar price impact ".   

Edited April 6, 2018 by tonbridgebrit

[FritsSikkink]

1 hour ago, lovelomsak said:

Or it creats more jobs in the integrated steel industry which has been declining. Or  more obs in the recycled steel industry. More jobs more money simple huh. Keep the work,materials,and end product in America.When people are working they can afford to pay.

That would only work for people who are jobless now, all the others who do work have to pay a lot more for their goods. A bit like a giant tax increase, glad you support that.   

[billd766]

2 hours ago, lovelomsak said:

Or it creats more jobs in the integrated steel industry which has been declining. Or  more obs in the recycled steel industry. More jobs more money simple huh. Keep the work,materials,and end product in America.When people are working they can afford to pay.

 

Not to mention the knock on prices on any everyday item that uses metal, such as tin cans for food and drink. cars, motorbikes, buses, trucks, trains, ships, aircraft. There will be losses in the farming industry as well in the export of pigs and soya.. Those manufacturers will HAVE to put their prices up to cover their costs in "helping" 140,000 people in the steel and metal industry. More jobs will be lost in other industries than in the steel industry and the people who lose their jobs will NOT be able to pay.

 

But don't worry about them.

 

Trade wars are easy to win. Donald Trump tweeted that so it must be true.

 

https://www.esquire.com/news-politics/a19681395/trump-china-trade-war-lost-500-billion/

 

There are many more comments if you wish to Google them.

[farcanell]

6 hours ago, car720 said:

He imposes 50 billion and they impose 3 billion and he says they are unfair.

Then again I never was much good at math.

Don’t feel bad.... apparently the leader of the free world has a similar problem with math.

[FritsSikkink]

2 hours ago, tonbridgebrit said:

Well, yes, this scenario is going to get more ugly. But who do you think is going to feel the pain more ?  America or China ? 

Better ask yourself: who will feel the pain more? The rich or the poor in each country?

[farcanell]

2 hours ago, tonbridgebrit said:

Well, yes, this scenario is going to get more ugly. But who do you think is going to feel the pain more ?  America or China ? 

A snap survey?

love it.... I vote America as feeling the pain first.

 

meanwhile, in the rest of the world, businesses are vying for trade supply contracts with the warring parties, to benifit from America’s loss

 

the Australian prime minister was heard to say... “steel? We got steel!” (no 25% tariff on Aussi steel) beauty ?

Edited April 6, 2018 by farcanell

[than]

Trump forgets that China is the first holder of US debt with $ 1,270.5 billion and that it is thanks to the money from China that the US State remains afloat.

[starky]

13 minutes ago, than said:

Trump forgets that China is the first holder of US debt with $ 1,270.5 billion and that it is thanks to the money from China that the US State remains afloat.

That's all fake news perpetrated by "deep state" and unfriendly media we are here to make America great again yeeeee haw . Now pass me my AR 15 boy 

Edited April 6, 2018 by starky

[than]

34 minutes ago, starky said:

That's all fake news perpetrated by "deep state" and unfriendly media we are here to make America great again yeeeee haw . Now pass me my AR 15 boy 

 

From US treasury wih love

 

http://ticdata.treasury.gov/Publish/mfh.txt

 

 

[starky]

4 minutes ago, than said:

 

From US treasury wih love

 

http://ticdata.treasury.gov/Publish/mfh.txt

 

 

You do understand sarcasm yes?

https://www.statista.com/statistics/246420/major-foreign-holders-of-us-treasury-debt/

There you go I put up one that's easier to understand. 

Edited April 6, 2018 by starky

[Enoon]

9 hours ago, lovelomsak said:

I really like Trumps approach it is like he took a few pages out of China's  lets do business book.

 China India etc do not do business unless every thing is in their favor. Time for America to use the same sandard . Go Donald go.

 

I "like" it too.

 

Really looking forward to the "Who can endure hard times the best?" contest.

 

I'm not putting my money on the man who depends on votes from a "satisfied electorate" to stay in power.

 

 

Edited April 6, 2018 by Enoon

[Andaman Al]

8 hours ago, lovelomsak said:

Or it creats more jobs in the integrated steel industry which has been declining. Or  more obs in the recycled steel industry. More jobs more money simple huh. Keep the work,materials,and end product in America.When people are working they can afford to pay.

Sometimes if you can't think of anything sensible to say it is better just to stay quiet and find another post to respond to. Is this the story that Fox are telling everyone that sits in the bars in the Trump country every night? The consequences of this trade war could be absolutely devastating for the US - seriously. There is a storm coming and it's a different one to Stormy!

 

 

7 hours ago, tonbridgebrit said:

Well, yes, this scenario is going to get more ugly. But who do you think is going to feel the pain more ?  America or China ? 

Ehhhhhh ! Give me a nano second to work that one out.........America. There are countries queuing up to get the spare manufacturing capacity in China that the USA will lose. What is manufactured in the US that other countries want apart from weapons, nukes and chemical weapons? The reality will be low income earners saved 150 USD a year on their tax and end up spending an extra 1500 USD a year to live.

 

 

What Trump doesn't realise is that he is at the controls of a real aircraft (The USA), he is not flying a simulator - there is no crash reset button for Trump and he is flying very low and slow and he is going to stoof in.

[ExpatOilWorker]

12 hours ago, Andaman Al said:

So lets get this straight.

Trump proposes 25% tariffs on Chinese steel worth 50 B

China responds with a 3 B increase on US Goods

Trump responds with a 50 B tariff on Chinese high tech industry

China responds with a proposed 50 B Tariff on many US goods including Agriculture

Trump says there is no trade war

Trump proposes a 100 B tariff on other Chinese goods!

 

How can it be an "unfair" retaliation from China when Trump kicked this off with the stupid steel and aluminium tariff in the first place. A bit like terminating DACA then blaming the Democrats.

 

The man is a moron. Either he is simply moronic with no sense of reality, or he has friends who are making lots of dollars today when the market loses another 2-3% or Putin has put him up to it to destabilise China.

 

The potential prognosis, - China will now willy wave by increasing activity in the disputed Islands in the S China Sea, It may well make a move on Taiwan and nuclear war with N Korea is the smallest of our worries.

 

Now you all have your PhD in Hindsight perhaps Trump supporters will realise that HRC was an Angel compared to this idiot.

China started it all, by demanding international companies to store IP information in China. Also if China says no to Google, FB, Twitter, Youtube, etc, then the world should feel free to say no to Chine products also. Fair deal.

 

It is interesting that the 4 biggest banks in the world are all Chines, with nearly $12 trillion in assets. A banking crises in China could wipe them out, the bank are way beyond "too big to fail". China have everything to lose.

 

https://en.wikipedia.org/wiki/List_of_largest_banks

 

 

[ExpatOilWorker]

11 hours ago, FritsSikkink said:

You are going to pay more for your goods and thanks the idiot for doing so. 

Trump gave all Americans a tax break and now he is collecting that same tax with tariffs on Chinese imports. In effect nothing has changes in America, but China will hurt. The guy is a genius. 

[ExpatOilWorker]

11 hours ago, starky said:

China has far bigger balls and brains. It just deluded flag waving from a country that believe they are the best at everything. How can there be any bluff when the US owes China nearly 1.5 trillion?Team America <deleted> yeah.

And 1.184 is not really nearly 1.5, but never let fact get in the way of a good bashing.