China announces tariff hike on $75 billion of US goods

China announces tariff hike on $75 billion of US goods

China has announced it will impose new tariffs on $75 billion worth of US goods and resume duties on American autos. The Chinese government has decided to slap tariffs ranging from 5 per cent to 10 per cent on $75 billion US goods in two batches effective on Sep. 1 and Dec. 15. Besides, a 25 per cent tariff will also be imposed on U.S. cars and a 5 per cent tariff on auto parts and components.

Timothy
Timothy
CakeSorcerer
CakeSorcerer 5 months

America is capable of being self sufficient.

Minor_Complex
Minor_Complex 5 months

China is an export economy, they need a buyer for their bullshit trinkets and baubles. Tariffs and counter tariffs cause much more damage to them because most of the trade between the two countries goes into the US, meaning more taxes are applied to China than US. Lose-lose for PRC as far as I can tell.

Garafraxis
Garafraxis 5 months

China has stolen more than a trillion in intellectual property from the US. Time somebody said ENOUGH. Thank heaven we’ve got Trump.

NotACerealKiller
NotACerealKiller 5 months

I mean, Vietnam is on the rise industrially. India as well.

michael zubas
michael zubas 5 months

that's it? I expected more. .that means they are running out of things to Tariff that make sense. thing are going to get....illogical

Joseph Cribari
Joseph Cribari 5 months

china pouring gasoline directly onto a lit flame...

Daddy Tito
Daddy Tito 5 months

Finally.

Kyle Broflovski
Kyle Broflovski 5 months

China hardly buys anything from the US anyway. The only leverage they have here are the shrieking leftists in the media supporting a regressive communist dictatorship against their own president.

themdg
themdg 5 months

As if this isn't exactly what Trump had in mind. Here's in the position if power.

Kevin McAlpin
Kevin McAlpin 5 months

yessss I can't wait for farmers to REALLY starve! get em!!! - the alt right.

ICblades
ICblades 5 months

India is a very good place to open a business right now.

Voice of Reason
Voice of Reason 5 months

Vietnam, the Philippines, India, Brazil, Argentina, Chile, a sizable portion of Africa. There are plenty of places to get cheap labor and decentralized production will help prevent another China from rising.

Joshua
Joshua 5 months

Hey, does anyone here have more info on the dispute between US and China? It seems like I've been missing some news lately

Michael Shields
Michael Shields 5 months

So which of the many manufacturing capable countries globally would like $75B Dollars worth of business? I can see Vietnam making a killing out of this. Give up now, Pooh Bear. You've lost already. Can't even afford to match the goods value tit-for-tat.

Mat McKenzie
Mat McKenzie 5 months

NK launch missiles, news worthy. Russia launch missiles, news worthy. Iran increasing uranium production, news worthy. US break treaty and test missiles shunned by all allied nations, oh but everyone else is doing. Modern news...

Randy Whaley
Randy Whaley 5 months

Boycott ALL Chinese exports und see how the RPC likes that. Do they think the Russian or Iranian economy can afford to purchase their low quality services?

MightyMargulis
MightyMargulis 5 months

china is mad that they cant screw us as much.

Naidu VGA
Naidu VGA 5 months

Oh man will this crap not end ! Damn Chings are really getting stinkingly annoying all over the place. Seems they need real help in containing the schtink.

FoxStar
FoxStar 5 months

Good to hear that Trump is a socialist now. Time to put an end to this late-stage capitalism that ships our jobs overseas and that keeps all the wealth at the top instead of giving a fair share to the middle class.

.       .
. . 5 months

#babchina

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