steven36 Posted September 7, 2018 Share Posted September 7, 2018 President Donald Trump said he’s ready to impose tariffs on an additional $267 billion in Chinese goods on short notice, on top of a proposed $200 billion that his administration is putting the final touches on. The implementation of tariffs on $200 billion of products from China “will take place very soon depending on what happens,” Trump told reporters Friday on Air Force One. “I hate to do this, but behind that there is another $267 billion ready to go on short notice if I want.” US stocks erased gains after Trump’s remarks, with the S&P 500 Index falling by 0.3 percent to the lowest in two weeks by 1:26 p.m. in New York. Trump latest tariffs threats, if he follows through, would more than cover the value of all goods the US buys from China, according to US government data from last year. The US imported $505 billion of Chinese products in 2017, Census Bureau figures show. Levying duties on all Chinese purchases would hit “every aspect of our American lifestyle -- so the clothes that we put on our back, the food that we eat, the cars that we drive, the shoes that we wear,” Hun Quach, vice president of international trade for the Retail Industry Leaders Association, said by phone. The Trump administration has already slapped duties on $50 billion of Chinese exports since July, which spurred immediate in-kind retaliation from Beijing. China has said it would be forced to retaliate to all of the US’s tariff measures, fanning concerns that a deepening trade war could dent the global economic outlook. Members of the public had until Thursday to comment on the administration’s plan to slap tariffs on $200 billion of Chinese goods, ranging from bicycles and baseball gloves to digital cameras, paving the way for Trump to announce the tariffs as early as Friday. There’s no final decision on that round of tariffs as the US Trade Representative’s office continues to “run their process,” White House Deputy Press Secretary Lindsay Walters said on Friday. The president’s tough line contrasted with remarks earlier from White House economic adviser Larry Kudlow, who left open the possibility of a negotiated solution to the trade dispute, but said China must show it’s open to compromise.Trade Talks While China’s response to US demands has been unsatisfactory, Trump is still speaking to Chinese President Xi Jinping, and would be open to meeting in person, said Kudlow, director of the White House’s National Economic Council. An opportunity could take place when world leaders gather at the UN General Assembly in New York this month and the Group of 20 summit in Argentina in November, he said. “It’s never too late to make good trade policy,” said Kudlow. "But I will say this: the world trading system is broken.” Trump is “dead serious” in his determination to push China to reform its trade policies, he added. Trump is getting a last-minute earful from prominent technology companies and retailers as he considers whether to follow through with his plan to ratchet up tariffs on Chinese exports.Tariff Warning On Thursday, Cisco Systems Inc., Hewlett Packard Enterprise Co. and other technology companies sent a letter to US Trade Representative Robert Lighthizer urging the administration to avoid imposing more tariffs. By increasing duties on telecommunications networking gear, the administration would raise the cost of accessing the Internet and slow the roll-out of next-generation wireless technologies, the companies said. Manufacturers, and small and mid-sized firms in particular, can’t quickly adjust and the tariffs imposed so far haven’t led to any meaningful concessions, a coalition of the National Retail Federation and 150 organizations said in separate comments to Lighthizer. The administration should cease further tariffs actions and give another shot at talks for a trade deal with with China, it said. “Tit-for-tat tariffs are counterproductive and so far have only produced increased costs for American businesses, farmers, importers, exporters and consumers,’’ the coalition said. Source Link to comment Share on other sites More sharing options...
mclaren85 Posted September 7, 2018 Share Posted September 7, 2018 I really don't know what he is up to. Link to comment Share on other sites More sharing options...
dMog Posted September 7, 2018 Share Posted September 7, 2018 1 hour ago, mclaren85 said: I really don't know what he is up to. neither does he Link to comment Share on other sites More sharing options...
pc71520 Posted September 8, 2018 Share Posted September 8, 2018 Somebody has to stop the Chinese from spreading their copycat "goodies" around the globe... Link to comment Share on other sites More sharing options...
dMog Posted September 8, 2018 Share Posted September 8, 2018 8 minutes ago, pc71520 said: Somebody has to stop the Chinese from spreading their copycat "goodies" around the globe... ain't gonna be this administration...HOPE I am wrong on that but it does not seem so...trump is harder on his allies than real economic and ideological enemies Link to comment Share on other sites More sharing options...
luisam Posted September 8, 2018 Share Posted September 8, 2018 19 hours ago, steven36 said: Levying duties on all Chinese purchases would hit “every aspect of our American lifestyle 18 hours ago, mclaren85 said: I really don't know what he is up to. 17 hours ago, dMog said: neither does he Trump is really quite unpredictible. Sometimes one really wonders what Trump is up to when he says o does something, but not in this specific case! This is REALLY funny: US lifesyle is supposed to depend on products imported from China, increasing a terrific trade deficit of the US with China by importing cheaper products manufactured thanks to low worker wages and the WORST KIND of exploitation of workers by state sponsored or state protected capitalist ventures. Funniest detail is that China is shielding behind its supposed condition of "socialist" country. In many cases products are dirt cheap but also the worst quality. Meanwhile those products imported from China are having preferential treat. Obviously these products are having unfair competiton with a similar product made in the US or imported form other countries not enjoying any preference. Meanwhile there are people accusing Trump not being "fair" with China! Link to comment Share on other sites More sharing options...
Snuffy1942 Posted September 8, 2018 Share Posted September 8, 2018 I buy "Made in America" when i can, yes, i pay more but get higher quality also.... IMO - my opinion is what counts when i pay. Link to comment Share on other sites More sharing options...
Administrator Matt Posted September 9, 2018 Administrator Share Posted September 9, 2018 @luisam it would be nice if you change your picture signature to be from secured source in order it doesn't break the forum HTTPS. Thanks Link to comment Share on other sites More sharing options...
pc71520 Posted September 9, 2018 Share Posted September 9, 2018 18 hours ago, dMog said: ain't gonna be this administration...HOPE I am wrong on that but it does not seem so... trump is harder on his allies than real economic and ideological enemies “Buy American, Hire American” Link to comment Share on other sites More sharing options...
dMog Posted September 9, 2018 Share Posted September 9, 2018 he coulda accomplished the same thing by just saying ... blood and soil... Link to comment Share on other sites More sharing options...
Administrator DKT27 Posted September 9, 2018 Administrator Share Posted September 9, 2018 While this is important news. I think our forums is not the place to discuss all this. Quote This forum revolves around topics of a technical nature, which happen to be discussed by people from many nationalities, ethnicities and political backgrounds. In order to focus on what unites us all, rather than what divides us, cultural, national and/or political issues are not to be discussed. Members engaging in such discussions will receive a warning. Guidelines. Topic closed. Link to comment Share on other sites More sharing options...
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