All China needs to do is to redeem $60 billion of US Bonds that it holds.
That will be a devastating blow to the international branch of Trumpanomics.
How is that going to work with Made in China on Trump fashion ?
“Trump To Punish China With Tariffs On $60 Billion Worth Of Chinese Products”
“Trump to Raise Taxes on Americans Buying Anything At All”
Fixed
Actually he’s punishing Rachel Brand for making him look bad when she resigned. Her crew at WalMart is going to be flat out trying to keep their Chinese supply chain in line when (if) this goes down. Higher prices for his base? General chaos in a massive trade segment? Pffft. Collateral damage.
the market opens in a hour and twenty six minutes.
TIMBERRRRRRRRRRRRRRRRRRR!
Dow futures off ~200
Actually, this should read, Trump to Punish American Businesses with Tariffs on $60 Billion worth of Chinese Products."
The Chinese don’t have to pay the tariffs, American importers do. And the importers will pass the increased costs (plus overhead) to their customers. If Chinese imports fall off, the Chinese will just find other markets elsewhere. Pulling the US out of TPP has left China free to negotiate trade deals with the rest of the Pacific Rim that TPP kept them out of.
使中国再次伟大
Trump: So I should do this, right Larry?
Kudlow: Sure, whatever, as long as you pass more tax cuts - that is the important thing.
Trump: Aren’t you skipping something Larr?
Kudlow: Oh, right. You are the greatest American president ever and your face will someday be on every coin in the world.
Trump: Done. I am going to announce the tariffs.
So farmers, companies like walmart, dollar tree, hobby lobby who support rethug/t*s think this idiot cares about them. Wait til that 1.50 tax scam raise, has to be spent buying 2.00 item, fr dollar store,
Dems need to be all over this, touting this as a tax increase, rethugs are infamous for adding fees, and refusing to call them taxes.
He will just have kush negotiate a backdoor deal
https://www.marketwatch.com/story/dow-poised-to-drop-by-more-than-100-points-2018-03-22
Not all tariff-related, of course. Facebook selloff a significant factor. But looming trade war is a biggie.
Once again, little-dick has to pull it out and wave it around because nobody is NOTICING HIM in all the noise about Cambridge Analytica and Russian Facebook Bots and Porn Star hush money.
He HATES IT when anyone else is getting MORE PRESS than he does, so, lets FUCK UP the World Economy to get the attention of Fox & Friends back on HIM!
It’s a problem that too many Americans prefer the sugar-high rush of a short-term action over a policy that considers long-term consequences. The idea of punishing China, Mexico et al seems to give the Trumpers a thrill, damn the consequences.
Indeed, the concept of cause and effect, as well as unintended consequences, seems to be alien to them. While something needs to be done about China’s infringement of intellectual property rights, tariffs are not the answer.
24,424.70 -257.61 (-1.04%) Pre-market 09:17:35 AM EDT
Yeow!!!
The tariffs do not go far enough.
Right. Nothing on Russia because Donnie kinda likes the bully boys but China? The next superpower? The ones that can call in loans? Help us out with N. Korea? FK 'EM. I’m Donald J Trump and I do what I want!