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Devil Child

(2,728 posts) Sat Jun 16, 2018, 01:36 PM Jun 2018

China: 'The US has launched a trade war'

Source: CNN

China accused the United States of firing the first shot on Friday when the White House said that it would impose tariffs of 25% on $50 billion worth of Chinese goods.

The announcement confirms a threat first made by President Donald Trump in March and follows months of trade talks between the two sides. A truce was announced in May, but it proved short-lived.

"The United States has kept changing its mind and now launched a trade war," China's Commerce Ministry said in a statement.

The Chinese government said it would respond in kind to the US tariffs, which will apply to roughly 1,100 exports and will target China's aerospace, robotics, manufacturing and auto industries.

Read more: http://money.cnn.com/2018/06/15/news/economy/china-us-trade-war/index.html

$34 billion in tariffs on 545 US items and goods starting very soon on July 6th. This will continue to escalate.

9 replies

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Highlight:

China: 'The US has launched a trade war' (Original Post) Devil Child Jun 2018 OP

And the Mango Shitegibbon will double and triple down on it jpak Jun 2018 #1

His ego and narcissism will prevent him from backing down or compromising Devil Child Jun 2018 #2

About the Travel time for Wellstone ruled Jun 2018 #3

Even half-wit generals say "Don't start a war on more than one front at a time". Trump: 4 fronts Bernardo de La Paz Jun 2018 #4

We all know how much Trump appreciates and respects expert advice Devil Child Jun 2018 #5

In the long run, this is good news ... CloudWatcher Jun 2018 #6

Trump did, We The People did not. irisblue Jun 2018 #7

Amen to that Devil Child Jun 2018 #9

Spare parts, people, spare parts bucolic_frolic Jun 2018 #8

jpak

(41,758 posts)

1. And the Mango Shitegibbon will double and triple down on it

Reply to Devil Child (Original post)

Sat Jun 16, 2018, 01:38 PM

Jun 2018

No matter how many are harmed by his fucked up trade war.

Devil Child

(2,728 posts)

2. His ego and narcissism will prevent him from backing down or compromising

Reply to jpak (Reply #1)

Sat Jun 16, 2018, 01:43 PM

Jun 2018

Tough times now and into the future for all of us while Trump is steering the bus right off the cliff.

Wellstone ruled

(34,661 posts)

3. About the Travel time for

Reply to Devil Child (Original post)

Sat Jun 16, 2018, 01:49 PM

Jun 2018

all the recent departed Containers to arrive in Chinese Ports. Same for the Commodity Haulers leaving New Orleans. Interesting.

Bernardo de La Paz

(49,011 posts)

4. Even half-wit generals say "Don't start a war on more than one front at a time". Trump: 4 fronts

Reply to Devil Child (Original post)

Sat Jun 16, 2018, 01:54 PM

Jun 2018

China, EU, Canada, Mexico. He'll probably start some other ones too, soon.

Devil Child

(2,728 posts)

5. We all know how much Trump appreciates and respects expert advice

Reply to Bernardo de La Paz (Reply #4)

Sat Jun 16, 2018, 01:57 PM

Jun 2018

Trump is going to open aggressive trade wars on all fronts and we are held hostage as he does so.

CloudWatcher

(1,850 posts)

6. In the long run, this is good news ...

Reply to Devil Child (Original post)

Sat Jun 16, 2018, 01:58 PM

Jun 2018

It will provide some cover for the GOP-scum in Congress to diverge from the Trump-insanity. More than any of his other insane acts, scaring Wall Street (e.g. their owners) is not a forgivable sin.

irisblue

(32,982 posts)

7. Trump did, We The People did not.

Reply to Devil Child (Original post)

Sat Jun 16, 2018, 02:09 PM

Jun 2018

Devil Child

(2,728 posts)

9. Amen to that

Reply to irisblue (Reply #7)

Sat Jun 16, 2018, 02:20 PM

Jun 2018

We are being held hostage by President Trump who is operating without consent of anyone outside his core of deplorables. Would have been great for the Chinese Commerce Ministry's communique to phrase correctly as "Trump has launched a trade war."

bucolic_frolic

(43,196 posts)

8. Spare parts, people, spare parts

Reply to Devil Child (Original post)

Sat Jun 16, 2018, 02:15 PM

Jun 2018

whatever you need from China for 3-5 years, if it's a high wear and tear item, grab a few. No telling what you'll pay for it down the road, or if you can even get any at all. And distributors, importers, companies, and multinationals will figure it out and use the trade war to raise prices drastically to keep their profits growing on reduced volume.

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