China Plans Tariffs On $60 Billion of US Products..

China has announced plans to put tariffs of up to 25% on US products worth $60 billion, the latest salvo in an escalating trade war.

Sarah Sanders, the White House press secretary, said in a statement that "instead of retaliating, China should address the longstanding concerns about its unfair trading practices."  

Rocinante wrote:Bob, China does manipulate their currency to make their goods cheaper. I don't think that Tariffs are necessarily the first way to deal with that, but I can't fault the administration for pointing it out and at least doing SOMETHING.

They are stepping all over their collective dicks in the execution, but if we're going to continue to be capitalists, China's wild west economic policy needs to be addressed.

tGreenWay wrote:Thanks for all the tax hikes, Donnie.

China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports.

The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The goods being targeted by China include crude oil and cars.

Heat Miser wrote:Thanks Orange Fuckface McTraitor!

This company is laying off almost all its workers because of tariffs

LooseGoose wrote:Seems to be going well for the Reds....

Omarosa. The show trial for Paul Manafort. These are the things CNN chipmunks chattered about endlessly the last few days. But CNN has no news judgment because it is run by a moron with a Harvard degree and a Napoleon Complex.

To find the news, I read the South China Morning Post, which is worried spitless that the Red Chinese economy will tank like its stock market has.

(Its stocks overall have declined in value by 40% in the last three years. Our stocks are up 33% since we elected Trump. In the eight years from Obama's election to Trump's, the Dow rose by 33%.)

The newspaper is running a series of columns by panicked investors and experts.

Xu ended his piece, "To get out of this predicament, Beijing probably needs to deal with Trump directly, figure out what he needs to declare a win and create conditions for that. Of course, allowing Trump to declare victory might be tough and even embarrassing for Beijing, but sometimes it is the best choice to stop losses in one trade and hope to profit at another time."

Reporters Wendy Wu and Kristin Huang wrote, "Did China think Donald Trump was bluffing on trade? How Beijing got it wrong."

This happens when your intelligence consists of spying on Dianne Feinstein and watching CNN.

Fraser Howie is co-author of "Red Capitalism, The Fragile Financial Foundations of China’s Extraordinary Rise."

Howie wrote, "China has no idea how to play Trump, and it is doing what it always does when it smells trouble.

DWags wrote:To be sure, I don’t think Goose is anywhere near racist or a piece of shit scum bag like this guy.  I think he reads them and posts their stuff because it’s always Goose vs all of us.  And he knows it gets our goat. And he’s right.  At least it gets mine.  Good for him.

LooseGoose wrote:Seems to be going well for the Reds....

Omarosa. The show trial for Paul Manafort. These are the things CNN chipmunks chattered about endlessly the last few days. But CNN has no news judgment because it is run by a moron with a Harvard degree and a Napoleon Complex.

To find the news, I read the South China Morning Post, which is worried spitless that the Red Chinese economy will tank like its stock market has.

(Its stocks overall have declined in value by 40% in the last three years. Our stocks are up 33% since we elected Trump. In the eight years from Obama's election to Trump's, the Dow rose by 33%.)

The newspaper is running a series of columns by panicked investors and experts.

Xu ended his piece, "To get out of this predicament, Beijing probably needs to deal with Trump directly, figure out what he needs to declare a win and create conditions for that. Of course, allowing Trump to declare victory might be tough and even embarrassing for Beijing, but sometimes it is the best choice to stop losses in one trade and hope to profit at another time."

Reporters Wendy Wu and Kristin Huang wrote, "Did China think Donald Trump was bluffing on trade? How Beijing got it wrong."

This happens when your intelligence consists of spying on Dianne Feinstein and watching CNN.

Fraser Howie is co-author of "Red Capitalism, The Fragile Financial Foundations of China’s Extraordinary Rise."

Howie wrote, "China has no idea how to play Trump, and it is doing what it always does when it smells trouble.

DWags wrote:

NigelUno wrote:

Oh Goosie.

FAKE NEWS again?

You know the guy you quoted actually corrected some of what you linked?

Should we all wait for you to edit his/your nonsense?

Who are you talking about here Nigel?  Who is recanting?

(Its stocks overall have declined in value by 40% in the last three years. Our stocks are up 33% since we elected Trump. In the eight years from Obama's election to Trump's, the Dow rose by 33%.) Wrong. I apologize.

LooseGoose wrote:

Robert J Sakimano wrote:good for China..




Caution: Mainstream Media Link

Good to see Bob rooting for China in this thread - fuck the American worker. Oppose Trump no matter the cost.

Things you don't read or hear much about:

The Post complains that Trump’s trade policies towards allies have alienated the nations we need to help us combat improper Chinese practices. This has concerned me, too.

But the Post concedes that these nations have plenty of incentive to pressure China, notwithstanding their displeasure over U.S. tariffs. As the former Mexican ambassador to China says: “Everybody’s tired of the way China games the trading system and makes promises that never amount to anything.”

Under President Obama, promises were good enough. Not under this president. And with Trump leading the way, the Post acknowledges that attacking Chinese protectionism now has bipartisan support in Washington, and the support of the EU and Japan. That support has translated into concrete measures by nations like Britain, Germany, and Japan to combat Chinese trade practices.

This doesn’t mean we couldn’t squeeze China harder through concerted action with our allies. Trump’s assault on Chinese protectionism could be fine-tuned. But the administration deserves considerable credit for making a major issue of abusive Chinese practices and for the progress it has achieved to date in combating them.

Gosh it's almost as if they agree with Trump....

CHINA’S SLUMPING ECONOMY ADDS NEW DIMENSION TO TRADE WAR