China strikes back at U.S. with new tariffs on $75 billion in goods

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  • #122897

    Ohio Barbarian
    Moderator
    • Total Posts: 5,470
    @ohiobarbarian

    BEIJING (Reuters) – China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies.

    The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15.

    China will impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States including agricultural products such as soybeans, crude oil and small aircraft. China is also reinstituting tariffs on cars and auto parts originating from the United States.

    “China’s decision to implement additional tariffs was forced by the U.S.’s unilateralism and protectionism,” China’s Commerce Ministry said in a statement, adding that its retaliatory tariffs would also take effect in two stages on Sept. 1 and Dec. 15.

    Full story here. Quite detailed.

    We know now that Government by organized money is just as dangerous as Government by organized mob.--Franklin Delano Roosevelt

    With Bernie Sanders, we have the receipts. --Nina Turner

  • #123077

    alcina
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    • Total Posts: 291
    @alcina

    So much winning!!!!

    Vote your conscience, not your fears.
    • #123229

      Enthusiast
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      • Total Posts: 2,380
      @enthusiast

      We’re going to get sick of it.

      I would like to remind you that U.S. health insurance companies do not contribute anything to health care. They are only a PARASITIC middle man receiving an undeserved cut of "FREE MONEY".

      Me

  • #123079

    peacecorps
    Member
    • Total Posts: 1,412
    @peacecorps

    Trump won’t (can’t really) do anything but raise and spread tariffs again (and again) because he’s invested in the policy and his ego won’t let him reconsider. As they say trade wars (like all wars) are easy to start, not so easy to end.

    He’s Herbert Hoover reincarnated. Now we need FDR reincarnated – Bernie!

    National problems (slavery/racism, income inequality, pathetic health care, weak unions) are not solved with more states' rights. Global problems (climate change, migration, trade, war) are not solved with more national sovereignty.

    A CEO, an American worker and an immigrant sit at a table with a dozen cookies in front of them. The CEO grabs 11 of them, then leans over and warns the worker, "Watch out for the immigrant. He is trying to get your cookie."

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