This is gonna be who gets the last word thing for now folks….
China cannot simply stand by idly while Trump throws a beatdown on them in public…
Trump having stepped into this has put himself in a place where he makes a LOT of noise…..
America and China cannot sustain a long trade war……
But Donald Trump doesn’t think much…
He just does, and then has to pull back…
And he will….
President Trump announced in a statement Monday night that, in addition to the administration’s recently-announced tariffs on $50 billion worth of imports from China, he has also directed the United States Trade Representative “to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.”
Why it matters: Trump initially warned China against retaliating to his administration’s latest round of sanctions, but China ignored it and imposed their own tariffs of equal measure. This latest threat is Trump’s second warning, in which he clearly states: “these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced.”
via twitter…
Bloomberg
@business
China-U.S. trade grew in the first half of 2018, even as the trade dispute between the two nations deteriorated https://bloom.bg/2ul4Uxu