Trump Says He Will Raise Existing Tariffs on Chinese Goods to 30%

By artappraiser on Fri, 08/23/2019 - 11:47pm |

By Alan Rappeport & Keith Bradsher @ NYTimes.com, Aug. 23, Updated 9:24 p.m. ET

President Trump, angered by Beijing’s decision to retaliate against his next round of tariffs, said he would increase taxes on all Chinese goods.
Mr. Trump’s announcement came after he demanded that American firms look for an alternative to doing business with China.

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https://www.nytimes.com/2019/08/23/business/china-tariffs-trump.html?action=click&module=Top%20Stories&pgtype=Homepage

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After the gov’t announced this week that the federal budget deficit will top $1T in FY2020, it’s great that the Shrewd Messiah @realDonaldTrump is grabbing all that China money at no cost to us! He said it would be easy to eliminate the debt and he’s done it! So much winning! https://t.co/Yq65Do1cUe
— Col. Morris Davis (@ColMorrisDavis) August 24, 2019

by artappraiser on Fri, 08/23/2019 - 11:49pm

Liz Warren:

Donald Trump has no strategy or plan. His reckless actions drove his own companies into bankruptcy—now they threaten the global economy and increase the risk of a recession that will hit working families hardest. https://t.co/8hwH3sGtOl
— Elizabeth Warren (@ewarren) August 24, 2019

by artappraiser on Fri, 08/23/2019 - 11:54pm

President Donald Trump again ripped into Federal Reserve Chairman Jerome Powell on Friday, questioning whether he is a “bigger enemy” to the United States than Chinese President Xi Jinping. https://t.co/knMbudIUM8 pic.twitter.com/Cwc7nG3Mtl
— CNBC (@CNBC) August 23, 2019

Trump asks who's the bigger "enemy" of the U.S.: Fed Chairman Jerome Powell or Chinese leader Xi Jinping https://t.co/lbEFrIEzAK pic.twitter.com/lph0SRpCia
— Bloomberg (@business) August 23, 2019

by artappraiser on Sat, 08/24/2019 - 12:36am

after Trump tweets, top GOP economist Greg Mankiw tells me: "From the beginning, I was skeptical Donald Trump had what it takes to be an effective president and steward of the economy. His treatment of the Fed and our trading partners has removed any doubt about that judgment."
— John Harwood (@JohnJHarwood) August 23, 2019

Trump, leaving White House, again tells reporters he’s not happy with Fed chairman Jay Powell.
— Jennifer Jacobs (@JenniferJJacobs) August 24, 2019

by artappraiser on Sat, 08/24/2019 - 12:41am

WaPo gotcha on the Powell thing: If Federal Reserve lowers interest rates, Trump would save millions

The president has been demanding that the central bank cut rates; if it does, the Trump Organization could see large savings in loan payments, according to public filings and financial experts.

By Jonathan O'Connell, David A. Fahrenthold and Heather Long

by artappraiser on Sat, 08/24/2019 - 9:34pm

[....] as central bankers and top economists gathered this weekend in Jackson, Wyo., for their annual conference, there was no indication that monetary policy thinking was inching any closer to Mr. Trump’s — and there were many signs that officials and top economists were closing ranks to protect Mr. Powell and the institution he leads as it came under nonstop attack.

Fed officials are economists and businesspeople who have pledged themselves, with almost religious zeal, to a set of twin goals: full employment and stable inflation. They are focusing on those mandates as they try to protect themselves — and the central bank — from being drawn into the political maw [....]

from Trump Faces a Stubborn Opponent in Fed’s Economic Experts by Jeanna Smialek @ NYTimes.com, Aug. 25

by artappraiser on Sun, 08/25/2019 - 11:01pm

TRUMP on France on tech companies: the US will tax wine “like they’ve never seen before”
— Bryan Pietsch (@bryan_pietsch) August 24, 2019

Trump has threatened 100% tariff on French wines.https://t.co/zq9klExCv9
— Jennifer Jacobs (@JenniferJJacobs) August 24, 2019

by artappraiser on Sat, 08/24/2019 - 12:43am

Begs the question: who really is in control of the executive branch of our government?

The White House is said to be privately discussing how to protect the economy from Trump https://t.co/ksfPrksg3m
— VANITY FAIR (@VanityFair) August 24, 2019

by artappraiser on Sat, 08/24/2019 - 12:49am

Context: He’s referring here to the Intl Emergncy Economic Act, which permits the president to declare an emergency to block transactions and freeze U.S. assets of a country. Has been used against Iran, Iraq, NoKo, Syria over the years. But not a major trading partner like China. https://t.co/isakMkumTR
— Paul Farhi (@farhip) August 24, 2019

by artappraiser on Sat, 08/24/2019 - 1:06am

Dupe deleted.

by artappraiser on Sat, 08/24/2019 - 2:01am

Quite an interesting ad on my Twitter feed just now:

Tariffs are becoming the new normal. How could they affect the consumer sectors?
— E*TRADE (@etrade) August 23, 2019

by artappraiser on Sat, 08/24/2019 - 2:00am

Trade Turmoil Gives Democrats an Opening to Hit Trump on Economy

By Jim Tankersly & Thomas Kaplan @ NYTimes.com, Aug . 24, 8:48 pm

Candidates blasted Mr. Trump this week for his economic stewardship, seizing on an issue that had been a strength for him.

by artappraiser on Sat, 08/24/2019 - 9:53pm

Trump Says He Will Raise Existing Tariffs on Chinese Goods to 30%

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