China will raise tariffs on $60 billion of U.S. goods

[spanone]

Last edited Mon May 13, 2019, 09:40 AM - Edit history (1)

China will impose retaliatory tariffs on $60 billion in U.S. goods on June 1, per CNBC.

Why it matters: The increase from 10% to 25% from Beijing means that the trade war between the U.S. and China is real.

China will impose retaliatory tariffs on $60 billion in U.S. goods on June 1, per CNBC.

Why it matters: The increase from 10% to 25% from Beijing means that the trade war between the U.S. and China is real. The tariffs largely fire back at U.S. agricultural products like peanuts, sugar, wheat, chicken and turkey, bringing more pain to a sector which has already suffered hard losses in the ongoing trade war.

China's Global Times also reported that portions of the tariffs are meant to reduce Chinese Boeing orders. Chinese scholars are also reportedly weighing how to dump U.S. Treasury bonds — and the mechanisms to do so.

China responded to the Trump administration's decision last week to increase tariffs on $200 billion in Chinese imports from 10% to 25%. The U.S. is still weighing whether or not to add tariffs to all Chinese imports.

https://www.axios.com/us-china-trade-war-retaliatory-tariffs-beijing-f5a41aa2-d540-4f55-8192-d9862ba9d32d.html

[malaise]

1. Duh!

Someone should educate the moron on Chinese Foreign Policy. The Con is simply fucking up American farmers and low income consumers

[spanone]

2. no educating him. dumber than a fucking hammer

[justhanginon]

4. How do you educate the ineducable? The capacity to learn

is just not there. Much like the trumpers that still support him, even in light of all the recent revelations of wrongdoing, they not only do not have the capacity to learn they don't even have the desire. Truly a terrible situation for our countries future.

[malaise]

6. Well the markets are responding

-501.86

[Javaman]

3. recession her we come.

there was already a forecast of a recession coming, it appears as if the orange asshole just stepped on the gas.

[delisen]

5. Always ask:does Trump action help or hurt Putin

and then ask: who benefits from stock market fluctuations caused by pre-knowledge of Trump's actions and announcements.

[hedda_foil]

7. Chinese scholars are also reportedly weighing how to dump U.S. Treasury bonds

[Renew Deal]

8. What happened to all of the free trading republicans?

Not a word.

[ooky]

10. They sold their souls to the Devil.

[malaise]

9. −612.27

Damn!