US targets $300B of Chinese goods for new tariff hikes

[TexasTowelie]

Source: AP

BEIJING (AP) — U.S. officials listed $300 billion more of Chinese goods for possible tariff hikes while Beijing vowed Tuesday to "fight to the finish" in an escalating trade battle that is fueling fears about damage to global economic growth.

The U.S. Trade Representative's Office issued its target list after Beijing announced tariff hikes Monday on $60 billion of American goods in their spiraling dispute over Chinese technology ambitions and other irritants. Chinese authorities were reacting to President Donald Trump's surprise decision last week to impose punitive duties on $200 billion of imports from China.

"China will fight to the finish," said a foreign ministry spokesman, Geng Shuang.

"We have the determination and capacity to safeguard our interests," Geng said. "China's countermeasures have shown our determination to safeguard the multilateral trade system."

Read more: https://www.trentonian.com/news/us-targets-b-of-chinese-goods-for-new-tariff-hikes/article_abfd85b4-3336-5335-85b6-16dd7f7c4332.html

[wasupaloopa]

1. trump targets $300 B od Chinese goods.

[beachbum bob]

2. another trump tarriff tax on working americans, are we tired of winning?

I guess we will see the Chinese response in a day or 2....


I wonder where market is going to go?

[Javaman]

3. revenge...

I still believe this is the orange assholes way of getting back a jeff bezos.

he would rather burn down the house just to stoke his fucking up sociopathic ego and not let jeff bezos get away with him being the richest man in the world.

he knows much of the things that amazon sells are items from china, he knows this will force amazon to raise prices and lose money.

I really think the orange asshole is really that petty of an asshole.

we all know he doesn't give a shit about anyone in this nation other than himself. he's a pretty simple person who has zero depth. and he's willing to do anything and everything to exact his fucked up form of revenge.

[IronLionZion]

5. I doubt Amazon would feel much pain from this

it screws Wal-Mart and many other retailers more. It screws over companies who make stuff with Chinese-made parts, and farmers who sell produce and meat to China. And of course it screws the working class people in America who buy things based on lowest price and can't afford higher priced American-made goods.

[Javaman]

6. oh I know, but it doesn't mean that the orange asshole still isn't that petty to do it.

I just think that as stupid as the orange asshole is, he is far more small-minded that people realize.

[NCjack]

9. Trump is throwing punches like he is a blind drunk. Doesn't care who he hits. nt

[Javaman]

10. yup. that's a good one, by the way. :) nt

[haele]

14. It's really screwing the Kickstarter community and small business

Especially niche designers and engineering types who publish board games, small household items, prosthetics, and specialty clothing for people with disabilities or who have odd body features or sizes that preclude buying off the rack for nice or business clothing that will look professional.
China has an entire small parts manufacturing infrastructure system based on robotics and automation that US businesses would take a good decade to replicate -and that's if those businesses wanted to make that investment in the first place. Which they won't, for a tariff that might only last a week, or a month, or maybe three, untill all his Mar-a-Corruption cronies who just made a crap-load shorting the Market are tired of the servants complaining.

Haele

[Cosmocat]

12. A big part of this a$$holes kneeling jihad

goes back to the NFL not letting him into their club ...

Why the republican zombie base can't get how they are used like this is beyond me.

Seeing all kinds of stupid rationalizations for this china thing on Facebook, you can tell who gets brainwashed by what right wing media whore by it.

[duforsure]

4. Is trump doing this for putin, for his revenge, and to hurt us?

Could trump be instigating this to eventually stiff them with our debt, and like he's used in his businesses over and over again. Create chaos , conflict, divisions, and use excuses to stiff others with. He's done that many times to contractors and bankers. If trump is in debt for billions to putin and his cronies he could be pressured because he couldn't lift the major sanctions still on them. Is putin behind trying to hurt Hillary too?

[OnlinePoker]

7. This is pretty much all of the rest of the goods China exports to the States.

If you want to see the complete list of items, click this link and scroll down

https://ustr.gov/sites/default/files/enforcement/301Investigations/May_2019_Proposed_Modification.pdf

[benld74]

8. IF China dumps their US Treasury bills on the market

THAT will leave a MARK for sure

[maddogesq]

13. The problem with China holding so much of our debt...

has been simmering for years. If China dumps treasuries in a bigly way, interest rates will skyrocket.

I think we need to put China in check, but without a real coalition, The Orange Oaf is in over his head.

[Maxheader]

11. Throw everything you have into the market..cds..mutual funds..stocks..

When it tanks out...if you have anything left. Cuz stumpy always comes back right? The market came back after the retarded idiot shut down the govt..REad where the country lost a trillion on that...

So you buy low...everything comes back, all nice and shiny...