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Trump's pen sets in motion China tariffs

U.S. exempts several allies; stocks slump on levy news

By Compiled by Democrat-Gazette staff from wire reports

This article was originally published March 23, 2018 at 3:29 a.m. Updated March 23, 2018 at 3:29 a.m.

the-word-that-i-want-to-use-is-reciprocal-president-donald-trump-said-thursday-before-signing-his-order-on-tariffs-against-china-if-they-charge-us-we-charge-them-the-same-thing

“The word that I want to use is reciprocal,” President Donald Trump said Thursday before signing his order on tariffs against China. “If they charge us, we charge them the same thing.”

Peter Navarro (left), director of the White House National Trade Council, said that with the tariff plan he helped shape, the United States “is strate...

President Donald Trump said Thursday that he would impose about $60 billion worth of annual tariffs on Chinese imports as the White House moved to punish China for what it says is a pattern of co-opting U.S. technology and trade secrets, and robbing companies of jobs and billions of dollars in revenue.

Peter Navarro (left), director of the White House National Trade Council, said that with the tariff plan he helped shape, the United States “is strate...

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Displaying 1 - 2 of 2 total comments

RBear says... March 23, 2018 at 6:24 a.m.

Reading through the US list and the current Chinese list, it's prett evident our administration flunked Econ 101. To start with, no one wins in a trade war. It makes for great press, but supply chain economics, especially in this ever connected world, are not in our favor. The Chinese list included items that are produced in the Midwest and rural areas such as pork and recycled aluminum. The Chinese hit at Trump's base. They are smart.
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Our list? "White House officials say they will try to minimize any price increases for American shoppers. Instead, they suggested Thursday that the tariffs would mostly target products that businesses, rather than consumers, buy: computers, information technology products, industrial machinery and aircraft parts."
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Let's be clear. Those items focused on "business" will impact consumers, especially when you look at technology. We innovate on technology in the US, but rely on supply chains overseas to help make and assemble the technology. Those prices will go up and the costs will be passed on to consumers.
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Regardless, Trump's little econ folly had a real impact on Americans yesterday as the markets fell 700 points and today doesn't look any better based on opening bells in other markets. Our country is not some reality TV show Trump can play around with. I've never seen a more idiotic presidency than with Trump.
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I know the right wingers called Obama's presidency idiotic, but I'm starting to see why. They couldn't figure out what a true functional economy was if it ran over them. They call rational decision making idiotic and chaotic calamity genius. The Trump demographic.

( | suggest removal )

mrcharles says... March 23, 2018 at 3:23 p.m.

R bear you know why the repugnants called Obama any bad names.

( | suggest removal )

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