White House Unveils Tariffs on 1,300 Chinese Products

By artappraiser on Wed, 04/04/2018 - 12:53am |

The Trump administration said it will place a 25% tariff on electronic touch screens, iron and steel plates, medical devices, aircraft parts, batteries and other products to penalize China for its trade practices https://t.co/ve1SvHhyTJ
— The New York Times (@nytimes) April 4, 2018

URL:

https://www.nytimes.com/2018/04/03/us/politics/white-house-chinese-imports-tariffs.html

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Hello inflation if enacted. Bloomberg News headlines tonight:

U.S. Tariff List Aims at Technology; China Vows It Will Respond

Trump Tariffs Stick It to U.S. Manufacturers

Flamethrowers, Blood and Cassette Players All Made It Onto Trump's Tariff List

Tariffs Seek to End Chinese Car Imports Before They Really Start

Shoes Spared, TVs Hit as Corporate America Digests China Tariffs

The Stocks to Watch After Trump Announces Proposed China Tariffs

by artappraiser on Wed, 04/04/2018 - 1:28am

Trade spat sees China take on US in ‘game of chicken’

China’s US ambassador Cui Tiankai warns Washington not to up the ante after 'tit-for-tat' tariffs

By ASIA TIMES STAFF APRIL 3, 2018 7:06 PM (UTC+8)

[....] “Everybody needs to relax. The [US] economy is as strong as an ox,” Peter Navarro, the White House trade adviser, told CNBC on Monday, adding that investors should not fear a trade war.

Anyone for chicken?

by artappraiser on Wed, 04/04/2018 - 1:34am

Double dareya:

China Fights Back on Trade, Imposing New Tariffs on U.S.

Hours after the Trump administration unveiled tariffs on 1,300 Chinese products, China outlined plans for tariffs on American soybeans, cars and other goods.
The move raised fears that the countries’ escalating confrontation could become an all-out trade war.

By KEITH BRADSHER and STEVEN LEE MYERS@ NYTimes.com, 10:37 AM ET

[....] Moving with unusual speed, Chinese officials outlined plans to make it more costly to import 106 types of American goods into China. They are intended to hit the United States square in the farm belt — a major section of President Trump’s political support but also a major supplier of what China stocks in its supermarkets [....]

by artappraiser on Wed, 04/04/2018 - 1:46pm

A quicker reactor than even the Chinese:

Grassley: Farmers, ranchers shouldn't bear the brunt of retaliation against Trump tariffs

@TheHill.com - 04/04/18 01:08 PM EDT

by artappraiser on Wed, 04/04/2018 - 1:49pm

Politico headlines second part of this moring's two-part Trump tweet on topic with their Power Briefing:

… at 7:22 a.m.: “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. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!” … at 9:20 a.m.: “When you’re already $500 Billion DOWN, you can’t lose!” …

Got to admit that When you’re already $500 Billion DOWN, you can’t lose! reminds one of the way he has always done business and is probably what the fans expected from him.

by artappraiser on Wed, 04/04/2018 - 2:24pm

Well, I’m pretty sure our fashion industry folks can rest easy.

by CVille Dem on Wed, 04/04/2018 - 9:40am

Kudlow tells Bloomberg there is "no timetable" for negotiations with Chinese even to begin https://t.co/UrOy8doqGK
— Joshua Green (@JoshuaGreen) April 6, 2018

by artappraiser on Fri, 04/06/2018 - 10:58am

Trump says ‘pain’ from China tariffs will make US ‘much stronger’

By John Bowden @ TheHill.com, April 6

President Trump says in a new interview that tariffs targeting China over intellectual property theft could cause some "pain" in the U.S. economy, but promised that America would emerge stronger as a result.

"I'm not saying there's not gonna be any pain," Trump said Friday in an interview with "Bernie & Sid in the Morning" on 77 WABC in New York City.

He also acknowledged the initial reaction from markets is likely to be negative.

They “could lose a little bit," he said [....]

by artappraiser on Sat, 04/07/2018 - 10:33pm

Good video at this link that summarizes why some think we're going to get more pain from the tariffs than China.

as the Trump administration and China rattle sabres and exchange tariffs, Gary Locke says America is going to lose.

And Locke’s opinion is worth a lot on this topic: Not only was he commerce secretary under President Obama, he was also US ambassador to China, the only Chinese American to ever have the role.

He broke the situation down for MSNBC.

“Obviously China is going to retaliate—China cannot be viewed as backing down or being weak,” he says.

American consumers and workers will find it “especially hard,” he says.

“The reality is that China really is able to get back at American companies,” he says. “They don’t have to buy American products. If they levy taxes on airplanes or soybeans, they can buy airplanes from Air Bus or they can buy soybeans from Brazil. Whereas, with respect to American consumers, so much of what we buy is only made in China.”

by ocean-kat on Sat, 04/07/2018 - 11:29pm

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