President Trump increases tariffs on thousands of Chinese products
Internet modems, furniture,
lighting products, car parts, vacuum cleaners and building materials are all affected by the hike. Donald Trump has increased tariffs on $200bn (£153bn) of Chinese imports - heightening tensions with Beijing. The tariff hike came despite American and Chinese negotiators meeting for last-ditch talks in Washington on Thursday. Import taxes on products from 5,700 categories rose from 10% to 25% at 12.01am Washington time (5.01am UK time). China needs to back down and negotiate a deal with President Trump. https://news.sky.com/story/us-china-...riffs-11715875 |
All that happens with this, is that the Chinese increase the costs of these things to avoid a loss in profit, which means the American people pay for them, so these tariffs are basically an extra tax for Americans to pay.
He's killing farming in the US with his tariffs in that industry, it's so bad the government is now having to subsidise farmers to help them throuh the trade war their own government created. Chinese are making more money on their products and the people of the us pay for it, so explain how this forces China to the negotiating table. |
I never knowingly buy anything Chinese. I know there are hidden components in things that probably were made in China... but I would never buy a product marked made in China. I'm very choosy over which regimes I send money to.
|
Trump has shown that he doesnt understand the simplest of economics around trade tariffs so it's a bit of a non starter really. I do think China have had it too easy for too long, so something had to be done about them, but i'm not sure sending the world into recession (which these tariffs will do) is the smartest solution.
Just to explain a little further, the world needs China to be in a position of growth to avoid recession, because it is it's economy that drives growth on the worlds. If China's economy shrinks ... we end up in recession. Simple economics. |
Quote:
Yes we are close to that And Germany |
|
|
Quote:
|
Quote:
No I fully understand socialism that's why Labour lost the UK General Election in 1979. |
Quote:
|
Quote:
A Example of Socialism and why it does not work |
Quote:
|
Pfft. He's usually been good for the wallets of Joe Public with generally lower taxes and stuff, this ain't a good move.
|
Quote:
|
Quote:
Its a Necessary Funding |
Quote:
|
Quote:
|
Quote:
USA Farmers matter |
Quote:
Remember on the campaign trail when he said "trade wars are so easy to win" How do you think that is working out for him? |
Quote:
https://www.google.com/amp/s/amp.ft....c-6eeb837566c5 |
Quote:
|
Quote:
Yes Trade Wars he likes. Markets Down Markets Up Life In The City. |
Quote:
|
Quote:
|
Quote:
FT site YOU have to PAY |
All times are GMT. The time now is 10:23 AM. |
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.