The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
President Trump, emboldened by America's economic strength and China's economic slowdown, escalated his trade war with Beijing on Monday, saying the United States would impose tariffs on $200 billion worth of goods and was prepared to tax all imports. <snip> Mr. Trump's decision is a significant escalation of an already serious trade dispute -- one with seemingly no end in sight. After months of failed trade talks, top officials from China and the United States were tentatively scheduled to talk later this month in Washington. But it is unclear whether Beijing will agree to come to Washington with the new tariffs set to go into effect.
<snip>
Mr. Trump's decision is a significant escalation of an already serious trade dispute -- one with seemingly no end in sight. After months of failed trade talks, top officials from China and the United States were tentatively scheduled to talk later this month in Washington. But it is unclear whether Beijing will agree to come to Washington with the new tariffs set to go into effect.
Meanwhile ...
China to take countermeasure after US imposes new tariffs
China will have to take countermeasures to respond to the US' fresh tariff decision, in a move to safeguard the country's legitimate interests and the global free trade order, the Ministry of Commerce said on Tuesday.
and have followed-up with ....
China Sets Tariffs On $60 Billion In U.S. Goods, Retaliating Against U.S. Duties
Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.
also saying
"The Chinese side reiterates that the aim of imposing these tariffs is to prevent trade frictions from escalating and it is a measure of last resort against American unilateralism and trade protectionism," the Chinese state television report said.
According to a White House SpokesIdiot these tariffs will result in "we'll see more production here in the United States." SpokesIdiot didn't address the fact the US manufacturing networks have been systematically destroyed making it impossible to produce goods now made in the PRC until those networks are replaced. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
How Trump's tariffs will hurt US tech companies - The Verge
This dynamic is familiar to economists, who see intermediate goods like circuit boards as fundamentally different from consumer goods like laptops. "It is well-known that tariffs on intermediate goods will harm producers of the final goods," says Eric Bond, who studies international trade at Vanderbilt University. "Historically, protectionist countries have taken this into account by putting higher tariffs on producers of final goods to offset the impact of tariffs on intermediate products." So far, the Trump tariffs have ignored that logic, exempting major products to focus on minerals, metals, and unassembled components.
by Frank Schnittger - Jan 14 47 comments
by gmoke - Jan 22
by Oui - Jan 10 60 comments
by Oui - Jan 21 10 comments
by IdiotSavant - Jan 15 20 comments
by Oui - Jan 20 47 comments
by Oui - Jan 20 5 comments
by Oui - Jan 16 8 comments
by Oui - Jan 2110 comments
by Oui - Jan 2047 comments
by Oui - Jan 205 comments
by Oui - Jan 172 comments
by Oui - Jan 168 comments
by gmoke - Jan 16
by IdiotSavant - Jan 1520 comments
by Oui - Jan 1434 comments
by Frank Schnittger - Jan 1447 comments
by Oui - Jan 1389 comments
by Oui - Jan 1177 comments
by Oui - Jan 1060 comments
by Frank Schnittger - Jan 877 comments
by Oui - Jan 772 comments
by Frank Schnittger - Jan 710 comments
by Frank Schnittger - Jan 668 comments
by Frank Schnittger - Jan 611 comments
by Oui - Jan 659 comments
by Frank Schnittger - Jan 230 comments