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We're officially in a trade war with China now...
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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We're officially in a trade war with China now...
http://money.cnn.com/2018/06/15/news/economy/china-us-trade-war/index.html
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"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.
"China does not want a trade war," it said, adding that it would "fight back vigorously" in defense of its national interests, globalization and the world trade system
"We will immediately launch tariff measures that will match the scale and intensity of those launched by the United States."
It also said "all economic and trade agreements reached by previous negotiations will be nullified at the same time." That includes a tentative deal to increase Chinese purchases of energy and agricultural goods.
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And [Trump] warned that any retaliation by Beijing would trigger another round of tariffs on Chinese goods.
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The United States has already imposed tariffs on steel and aluminum from Canada, Mexico and the European Union. All have promised to hit back.
The 28 members of the EU agreed Thursday that retaliatory tariffs would go into effect in the coming days.
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We are going to be so screwed financially with a trade war against the entire world...
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Posted 6/15/18 10:50 AM  |
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klingklang77
kraftwerk!
Member since 7/06 11487 total posts
Name:
Völlig losgelöst
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Re: We're officially in a trade war with China now...
Posted by GoldenRod
http://money.cnn.com/2018/06/15/news/economy/china-us-trade-war/index.html
...
"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.
"China does not want a trade war," it said, adding that it would "fight back vigorously" in defense of its national interests, globalization and the world trade system
"We will immediately launch tariff measures that will match the scale and intensity of those launched by the United States."
It also said "all economic and trade agreements reached by previous negotiations will be nullified at the same time." That includes a tentative deal to increase Chinese purchases of energy and agricultural goods.
...
And [Trump] warned that any retaliation by Beijing would trigger another round of tariffs on Chinese goods.
...
The United States has already imposed tariffs on steel and aluminum from Canada, Mexico and the European Union. All have promised to hit back.
The 28 members of the EU agreed Thursday that retaliatory tariffs would go into effect in the coming days.
...
We are going to be so screwed financially with a trade war against the entire world...
And this is why his NK summit would fail him. WHat an idiot.
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| Posted 6/15/18 11:40 AM |
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