Current Events > Trump threatens more tariffs on China

(+) Yeah! (+)

http://money.cnn.com/2018/04/05/news/trump-tariff-china-trade-war/index.html

"In light of China's unfair retaliation, I have instructed the [United States Trade Representative] to consider whether $100 billion of additional tariffs would be appropriate," the president said in a statement.

Earlier this week, the United States announced new tariffs on $50 billion worth of Chinese goods, claiming that China is stealing US intellectual property. China responded within hours by announcing $50 billion worth of tariffs on US goods.

The moves follow US tariffs that were imposed earlier this year on Chinese steel and aluminum, which also prompted a response from China.

The Chinese embassy in Washington did not immediately issue a response to Trump's proposed new round of tariffs.


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Dow futures fell after Trump's announcement on Thursday and were down about 400 points in after-hours trading.
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He is just not capable of keeping his fucking mouth shut
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*bully punches me*

*I kick bully in the balls*

"Unfair retaliation!"
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He's no capable of leading a nation.

Art of the deal my ass
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I don't want to get modded, so...
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In light of China's unfair retaliation

lmao
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RIP stock market
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Phantom_Nook posted...

*bully punches me*

*I kick bully in the balls*

"Unfair retaliation!"

So China is not a bully in your mind?
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China is a trade abuser but I don't think Trump's sludge hammer is the way to fix things. This might be good for the long term but it might not be worth it if it wrecks the economy now and has a cascading effect.

Still, as long as the Chinese Communist Party exists trading with China will have serious consequences.
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This would probably be what would convince Republicans to get rid of him
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Good. It's nice to see a president standing up to China and putting the long term health of our economy over short term gains.
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Buffoon in Chief
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YellowSUV posted...

This might be good for the long term but it might not be worth it if it wrecks the economy now and has a cascading effect.

Protectionist trade policies are never good for the long term.
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You know who wins trade wars? The place with the lower standard of living that doesn't allow people to backtalk. China is not the USSR.
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if you wanted to stand up to china. you shouldn't have left the TPP.
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UnholyMudcrab posted...

YellowSUV posted...

This might be good for the long term but it might not be worth it if it wrecks the economy now and has a cascading effect.

Protectionist trade policies are never good for the long term.

There are tons of other countries to trade with. General tariffs to all countries are stupid though.
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take that libs
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Bullet_Wing posted...

foreveraIone posted...

if you wanted to stand up to china. you shouldn't have left the TPP.

That's kind of the real irony here. If we'd renegotiated the TPP instead of leaving it, we'd be at the head of a trade bloc that can put pressure on China. Instead, the dumbass just decided to rip it up and say fuck it all and now China really has no one who can actually stand up to them and follow through.

The US still has a chance to join it. Also some of the draconian polices the US demanded might not be able to make it this time so it would be a win. However, Trump is too stupid and stubborn to join it.
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YellowSUV posted...

Bullet_Wing posted...

foreveraIone posted...

if you wanted to stand up to china. you shouldn't have left the TPP.

That's kind of the real irony here. If we'd renegotiated the TPP instead of leaving it, we'd be at the head of a trade bloc that can put pressure on China. Instead, the dumbass just decided to rip it up and say fuck it all and now China really has no one who can actually stand up to them and follow through.

The US still has a chance to join it. Also some of the draconian polices the US demanded might not be able to make it this time so it would be a win. However, Trump is too stupid and stubborn to join it.

Pretty much. He'd rather watch America burn then move somewhere else after ruining it.
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Why isn't China's next move "100 billion more in tariffs on America"?
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CarlGrimes posted...

Phantom_Nook posted...

*bully punches me*

*I kick bully in the balls*

"Unfair retaliation!"

So China is not a bully in your mind?

I'm not saying anything about China.
Just joking about how stupid that comment is. Did he expect China to lie down like a bitch instead of fighting back?
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I see no way in which this strategy could backfire
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Who needs China anyway. No one buys anything from China anymore.
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So what happens if Trump pisses China off enough for them to call in that massive debt we owe them?
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byron posted...

Darmik posted...

In light of China's unfair retaliation

lmao

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tremain07 posted...

So what happens when Trump pisses China off enough for them to call in that massive debt we owe them?

ftfy
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REMercsChamp posted...

Who needs China anyway. No one buys anything from China anymore.

tremain07 posted...

So what happens if Trump pisses China off enough for them to call in that massive debt we owe them?

Our nations are codependent. Like a bad relationship you want out of but you stay in for financial reasons. I'm sure they didn't loan that money out of the kindness of their hearts. Just like when we bought up the banks debt that were "too big to fail".

This topic is ridiculous

Tariffs and other protectionist policies increase economic performance in the short term. Long term, GDP slows, jobs decrease and recession occurs. Trump's tariffs may result in short-term job increases in the US but he is hurting the economy in the long run.

I swear I will post this in every topic I see about this topic.

Protectionism = bad
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So much winning!

Winning is starting to get boring.

MAGA!
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DavidWong posted...

This topic is ridiculous

Tariffs and other protectionist policies increase economic performance in the short term. Long term, GDP slows, jobs decrease and recession occurs. Trump's tariffs may result in short-term job increases in the US but he is hurting the economy in the long run.

I swear I will post this in every topic I see about this topic.

Protectionism = bad

All the "long run" explanations are to ensure that you can't be proven wrong, because "it just hasn't happened yet, man". It's a cop-out to try to make yourself sound smarter. None of yous knows what you're talking about.
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Trump needs thrown out on his ass already.
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Uncle Choad posted...

DavidWong posted...

This topic is ridiculous

Tariffs and other protectionist policies increase economic performance in the short term. Long term, GDP slows, jobs decrease and recession occurs. Trump's tariffs may result in short-term job increases in the US but he is hurting the economy in the long run.

I swear I will post this in every topic I see about this topic.

Protectionism = bad

All the "long run" explanations are to ensure that you can't be proven wrong, because "it just hasn't happened yet, man". It's a cop-out to try to make yourself sound smarter. None of yous knows what you're talking about.

https://www.thirdway.org/memo/history-says-trade-protectionism-has-never-worked
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P4wn4g3 posted...

Trump needs thrown out on his ass already.

his idiot followers dont care what he does as long as he sticks it to DUH LIHERALS!!
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YellowSUV posted...

sludge hammer

is that a pokemon move?
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DavidWong posted...

This topic is ridiculous

Tariffs and other protectionist policies increase economic performance in the short term. Long term, GDP slows, jobs decrease and recession occurs. Trump's tariffs may result in short-term job increases in the US but he is hurting the economy in the long run.

I swear I will post this in every topic I see about this topic.

Protectionism = bad

Trump only "cares" about America's economy, for as long as he is in power.
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008Zulu posted...

DavidWong posted...

This topic is ridiculous

Tariffs and other protectionist policies increase economic performance in the short term. Long term, GDP slows, jobs decrease and recession occurs. Trump's tariffs may result in short-term job increases in the US but he is hurting the economy in the long run.

I swear I will post this in every topic I see about this topic.

Protectionism = bad

Trump only "cares" about America's economy, for as long as he is in power.

And whoever follows him is gonna have to clean up the shit because America will not be the world's superpower.
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DavidWong posted...

008Zulu posted...

DavidWong posted...

This topic is ridiculous

Tariffs and other protectionist policies increase economic performance in the short term. Long term, GDP slows, jobs decrease and recession occurs. Trump's tariffs may result in short-term job increases in the US but he is hurting the economy in the long run.

I swear I will post this in every topic I see about this topic.

Protectionism = bad

Trump only "cares" about America's economy, for as long as he is in power.

And whoever follows him is gonna have to clean up the shit because America will not be the world's superpower.

And then Republicans will campaign on how said Democrats aren't cleaning the shit up fast enough and the cycle will continue.
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This topic is hilarious.

1. The EU raised a 70% tariff on Chinese Steel just last month, yet not one peep from you fools who pretend to know about trade. Quite hypocritical that only Europe gets to play protectionist with trade imports/exports

2. The TPP was largely opposed by Democrats. Out of the Presidential Candidates, only Hillary was in favor of it (her who "I hate the TPP too was just a lie when you consider the Dnc''s party platform and Donna''s later revelation that they were bought by Hillary who pays their bills).

HiddenRoar posted...

1. The EU raised a 70% tariff on Chinese Steel just last month, yet not one peep from you fools who pretend to know about trade. Quite hypocritical that only Europe gets to play protectionist with trade imports/exports

Which country are the majority of posters here from?
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HiddenRoar posted...

This topic is hilarious.

1. The EU raised a 70% tariff on Chinese Steel just last month, yet not one peep from you fools who pretend to know about trade. Quite hypocritical that only Europe gets to play protectionist with trade imports/exports

2. The TPP was largely opposed by Democrats. Out of the Presidential Candidates, only Hillary was in favor of it (her who "I hate the TPP too was just a lie when you consider the Dnc''s party platform and Donna''s later revelation that they were bought by Hillary who pays their bills).

EU's imposing of tariffs was justified as anti-dumping measures against China. Trump's tariffs on other hand, isn't, and he imposed the tariffs on pretty much everyone with exceptions, making it a discriminatory practice.

Metaphor:

"THERE'S A FIRE IN THE HOUSE!"
Trump: "I'm on it!"
*Brings a keg of gasoline*
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Wutobliteration posted...

he imposed the tariffs on pretty much everyone with exceptions

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Krojen posted...

Wutobliteration posted...

he imposed the tariffs on pretty much everyone with exceptions

xD
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Wutobliteration posted...

EU's imposing of tariffs was justified as anti-dumping measures against China. Trump's tariffs on other hand, isn't, and he imposed the tariffs on pretty much everyone with exceptions, making it a discriminatory practice.

Lmao. So do you think China just goes "yeah, you're right about us flooding the market with cheap steel. Well take that lying down and let you effectively kill our export sector".
And gtfo with your imaginary "discriminatory practice". Such things doesn't exist.

HiddenRoar posted...

Wutobliteration posted...

EU's imposing of tariffs was justified as anti-dumping measures against China. Trump's tariffs on other hand, isn't, and he imposed the tariffs on pretty much everyone with exceptions, making it a discriminatory practice.

Lmao. So do you think China just goes "yeah, you're right about us flooding the market with cheap steel. Well take that lying down and let you effectively kill our export sector".
And gtfo with your imaginary "discriminatory practice". Such things doesn't exist.

I don't think you know what dumping is. It's an anti-competitive thing to do and China knows it as well. They could have taken it up with the WTO but they didnt, because they can't. The US on the other hand, is hitting China where they'll suffer, at a time when they're attempting to bloom their technology sector. This will invite retaliatory measures no doubt and is what they do next that matters: retaliation and it's a trade war, everyone suffers.
Not just USA, not just China, the entire world. Thanks Trump.

The market has responded.
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Anteaterking posted...

The market has responded.

And it will bounce back next week as usual. It won't be serious unless the tariffs are actually put in place.
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