https://www.cnn.com/2019/08/23/business/china-tariffs-trade-war/index.html\
Beijing (CNN)
The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods.
China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China's Finance Ministry.
The Ministry also announced plans to resume tariffs on US imports of automobiles and automobile parts. The tariffs would be 25% or 5%, and would take effect on December 15th. The new tariffs will target 5,078 products, including soybeans, coffee, whiskey, seafood and crude oil.
TRUMP RESPONDS VIA TWITTER:
Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far....
....better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
....your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,....
....all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
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He's actually right. We need to do this sooner than later, or China will replace the West and the U.S. as the World Power and those asshats are Authoritarian Communists. It is going to hurt for a while. Trump
MUST share his plan, tell of the impact, and share of the goal and how we win it. He needs the confidence and backing of Americans if we are going to stop China's corrupt ascent.
They have been dealing dirty with the U.S.A. for decades. They are currency manipulators, slave labor masters, and trade abusers. This needs to happen and sooner than later is the right move. If we do this right, our kids will thank us all.
China's biggest problem is keeping the rural factory workers out of the cities. If these jobs collapse, China is in a world of hurt.
Do we support our nation, the West? If we do, we take the hit now. If we don't, we get to fall apart and Globalists and Chinese will take over.
