Tag Archives: trade war

Trump’s trade war with China is getting hot.

The U.S. and China trade war escalation continues with new tariffs of 10% on $200 billion of Chinese imports starting yesterday.

Let’s rewind back to March. President Trump tweeted that “trade wars are good, and easy to win”. Trump’s invite to this trade war was about unfair Chinese trade practices, including American companies being forced to surrender their trade secrets to obtain access to the Chinese market and cybertheft of U.S. technology. Many industry groups and both political parties would agree that China is at least partially guilty of such violations, but this unfolds a greater economic impact. Continue reading Trump’s trade war with China is getting hot.

China sets Tariffs on $60 Billion in U.S. Goods

The trade escalation continues as China set tariffs on $60 billion in U.S. goods after President Trump announced tariffs on $200 billion in Chinese goods. This escalation goes beyond the back and forth between the two countries, but they need to sit down and negotiate an outcome that benefits both parties. The credit-ratings agency, Moody’s, expressed that the tariffs will hurt the global economy “by distorting prices and creating inefficiencies globally.” Uncertainty still remains among many companies as they rely on global supply chains for their businesses.

Written by: Anthony Kuhn and Avie Schneider

Read Full Article Here

A Brief Overview of What Trump’s Tariffs Have Wrought

President Trump and Vice President Pence meet with Harley-Davidson executives and Union Representatives on the South Lawn of the White House.
Jabin Botsford/The Washington Post/Getty

Read Article @ Rolling Stone

The president’s impulsive policy decision is already doing serious damage

President Trump has long felt the United States is getting ripped off when it comes to trade. He’s lamented it at campaign rallies, he’s tweeted about it repeatedly and this year he finally decided to do something about it. It’s a simple fix, Trump reasoned: Just tax the hell out of America’s biggest trade partners. “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump’s tweeted in March after imposing tariffs on foreign steel and aluminum. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!” Continue reading A Brief Overview of What Trump’s Tariffs Have Wrought