Government

China To Raise Tariffs On American Goods Starting June 1 In Retaliation To Trump

China has responded to President Trump’s hike on tariffs claiming they will raise tariffs on $60 billion of American imported goods starting on June 1, 2019.

The agricultural industry will be most affected by this move.

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China imports close to $100 billion American goods compared to the $530 billion it sends to this country which limits how much they can retaliate against what Trump is doing to them.

U.S. stock futures moved sharply lower following China’s announcement.

On Friday, President Trump on Friday decided to instruct Robert Lighthizer, U.S. Trade Representative, raise tariffs on the $300 billion or so of Chinese goods not yet subject to tariffs.

You have to be shortsighted not to see how bad we’re getting hosed by China even down to the individual purchase. Let me ask all the Pro-China posters on here an honest question. How many times have you bought something made in China only to have it break prematurely? What are the next two things you do after this occurs?

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Soon Chinese made goods will be languishing in holding areas and overseas harbors, and the best part of it is, they are in trouble, and they know it. They (China) have all sorts of financial bubbles that are about to break and when it comes down to it, we can and will produce what we need and want.

For the last 20 years, China has been taking advantage of the US through tariffs and intellectual property theft. Every president has threatened to do something about this, none have, until now.

President Trump is playing the long game.

 

 

 

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