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- Cogito ergo sum
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China fires back at Trump with threat of tariffs on 106 U.S. products,
China fires back at Trump with threat of tariffs on 106 U.S. products, including soybeans
BEIJING — China responded to President Trump’s latest trade move by announcing tariffs on 106 U.S. products, including soybeans, airplanes and cars, in the latest escalation of what risks becoming a tit-for-tat trade war between the world’s two largest economies.
The plan, which was announced Wednesday, would see China slap 25 percent levies on a range of U.S. goods worth about $50 billion dollars. Though China said the timing depends on U.S. moves, the news had an immediate impact on markets, including the soybean market.
Soybeans on the Chicago Board of Trade immediately dropped as much as 4.2 percent, while wheat and corn futures also slid, Bloomberg reported.
The announcement came just a day after the White House unveiled plans for tariffs on $50 billion in Chinese imports across 1,300 categories, targeting 25 percent levies on Chinese goods ranging from electronics, aerospace and machinery to phones, shoes and furniture.
Though a Chinese response was widely expected, the speed of the announcement came as a surprise, deepening fears of a rapid escalation.
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.
- tennyson
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Re: China fires back at Trump with threat of tariffs on 106 U.S. products,
Kiss your 401K GOODBYE today !!
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
- Rongone
- Sentient Being
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- Registered: 1/31/2015
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Re: China fires back at Trump with threat of tariffs on 106 U.S. products,
I am convinced that Trump will tweet, say, or do anything to deflect attention away from the Mueller investigation and the women he has allegedly abused, regardless of how damaging his words and actions are to the citizens of America, American business, American allies, American influence, American leadership, and American prestige.
America first my a$$. It will always be Trump first and only.
Trump says 'we are not in a trade war with China': tweet
WASHINGTON (Reuters) - U.S. President Donald Trump denied on Wednesday that the United States was in a trade war with China, hours after Beijing slapped tariffs on a list of U.S. imports in retaliation for similar duties levied by the White House one day earlier.
"We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S.," Trump wrote in a post on Twitter.
No, Donald. It is YOU that is foolish and incompetent, and the people who are disappointed and disgusted by your actions and how it effects them are growing. I, for one, am angry and embarrassed by how you are representing the U.S.
- Cribbz97
- Rookie Exchanger
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Re: China fires back at Trump with threat of tariffs on 106 U.S. products,
Thanks for sharing your knowledge with us.