Ok Folks ?
THIS is NOT gonna happen….
This appears to be Donald Trump trying say HIS balls are bigger than the Chinese….
The problem is?
He’s playing American consumers and American exporters money….
He isn’t running for anything…
But plenty of his adopted party Repubicanbs ARE this fall…
And quite a few are in states that provide food and other products for China…
This is vintage Donald Trump real estate and women beatdown stuff….
President Trump announced Thursday that he has directed officials in his administration to look at slapping $100 billion in additional tariffs on China, the latest move in an escalating trade dispute between Washington and Beijing.
“In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if so, to identify the products upon which to impose such tariffs,” Trump said in a statement, referring to the U.S. Trade Representative.
“I have also instructed the Secretary of Agriculture, with the support of other members of my Cabinet, to use his broad authority to implement a plan to protect our farmers and agricultural interests,” he added.
The White House on Tuesday imposed a $50 billion tariff package on Beijing, with 25 percent tariffs being leveled on imports of Chinese electronics, shoes, furniture and other goods….
Conservatives are worried a trade war with China could wipe out the positive economic benefits of the tax-cut law and cost Republicans their majorities in Congress.
“What Republicans and President Trump did in December was create this enormous, pro-growth tailwind going into this November’s elections, and I think that they’ve needlessly created this headwind that could erase all of those gains,” said Andy Roth, vice president of government affairs at the conservative Club for Growth.
“This is a huge unforced error,” he added….
A strong majority of Americans believe the U.S. should take steps to correct its trade deficit with China, but a majority disapprove of President Trump’s proposed tariffs and there are fears that a trade war could damage the economy.
According to the latest Harvard CAPS/Harris Poll, 71 percent of voters say the U.S. should take steps to address a $375 billion trade imbalance with China.
Fifty-two percent disapprove of the administration’s proposed tariffs on aluminum and steel imports, including those from China, and 43 percent said they believe Trump’s proposed tariffs will result in job losses. Thirty-eight percent said the tariffs would protect American jobs and 18 percent said the tariffs would have no impact.
More than two-thirds of voters say they’re concerned countries will retaliate against the U.S., potentially sparking a global trade war….