China strikes back at U.S. with new tariffs on $75 billion in goods
August 23, 2019 at 3:17 PM - Views: 23 #122897
- Total Posts: 8,982
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
August 23, 2019 at 6:42 PM #123077
- Total Posts: 307
So much winning!!!!Vote your conscience, not your fears.
August 23, 2019 at 8:38 PM #123229
- Total Posts: 3,107
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".
August 23, 2019 at 6:46 PM #123079
- Total Posts: 1,656
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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