Trump extends China tariff deadline, cites progress in talks
Source: Associated Press
17 minutes ago
WASHINGTON (AP) President Donald Trump says he will extend a deadline to escalate tariffs on Chinese imports, citing substantial progress in weekend talks between the two countries.
Trump tweeted Sunday that there had been productive talks, adding that I will be delaying the U.S. increase in tariffs now scheduled for March 1.
Trump says that if negotiations progress, he will meet with Chinese President Xi Jinping at his Florida resort to finalize an agreement.
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Read more: https://apnews.com/0104a56ab495461f86cf4883b8d69ee7
Nitram
(22,900 posts)and then claim victory without having achieved anything.
iluvtennis
(19,880 posts)watoos
(7,142 posts)How about we rent out Camp David and use the money to put solar panels on the White House?
TomCADem
(17,390 posts)I wonder why Bernie has been curiously mum in not supporting Trump's threats of escalated tariffs on China? Instead, after advocating steel tariffs, Bernie reversed himself when Trump actually imposed such tariffs when it became clear that most steel imported to the U.S. came from Canada, not China. Also, South Korea is hardly a low wage country.
https://www.sanders.senate.gov/newsroom/press-releases/sanders-statement-on-trump-tariffs
LOS ANGELES, June 1 U.S. Sen. Bernie Sanders (I-Vt.) issued the following statement after President Donald Trump imposed steep tariffs on Mexico, the European Union and Canada:
"We need a trade policy that is fair to American workers, not just large multi-national corporations. We need to stop the hemorrhaging of American jobs as large corporations shut down in the United States and move to low-wage countries.
"Donald Trumps haphazard and reckless plan to impose tariffs on Canada and the European Union is an absolute disaster that will cause unnecessary economic pain to farmers, manufacturers and consumers in Vermont and throughout the country.
"I strongly support imposing stiff penalties on countries like China, Russia, South Korea and Vietnam to prevent them from illegally dumping steel and aluminum into the U.S. and throughout the world. American steel and aluminum workers need our help, and they need it now, but not at the expense of farmers, workers, small businesses and consumers in Vermont and throughout this country. Given Vermonts proximity to Canada and our strong trade relations with Canada, these policies will be especially harmful to Vermont and other northern border states. It simply makes no sense to start a trade war with Canada, the European Union and others who are engaged in fair trade, are not cheating and where workers are paid a living wage with good benefits.
"If Trump were serious about protecting good-paying American jobs he would sign an executive order today to prevent large companies that outsource jobs to low-wage countries from receiving lucrative federal contracts and corporate welfare. Instead of imposing piecemeal tariffs on our trading partners, he should comprehensively and fundamentally re-write all of our failed unfettered trade policies to stop the race to the bottom and lift living standards in the U.S. and throughout the world."
GulfCoast66
(11,949 posts)He wants Trump to do something that even trumps team knows would immediately be struck down by the courts, including the Supreme Court.
Trump is doing exactly what Bernie said HE would do. And it is a total cluster fuck.
So now he is saying trump just did it wrong!
Give me a fucking break. This is what economic nationalism looks like. Does not matter if it is the left or right.
Blame your problems on some other. But now we get a dress rehearsal of what it looks like.