Thursday, August 30, 2018

BREAKING: Trump Said to Back Another $200 Billion in China Tariffs as Early as Next Week; Including Tariffs on Selfie Sticks

By Robert Wenzel

The Stable Genius is apparently about to display his economic ignorance once again.

President Donald Trump wants to move ahead with a plan to impose tariffs on another $200 billion in Chinese imports as soon as a public-comment period concludes next week, according to six people familiar with the matter, reports Bloomberg.

Such tariffs will do nothing but hurt US consumers who will face higher prices and distort the
economy as some US production would be brought back onshore thus shrinking the US economy as the new tariff-caused onshore production would pull workers from other sectors, resulting in fewer goods and services available to the American public.

Companies and members of the public have until Sept. 6 to submit comments on the proposed duties, which cover everything from selfie sticks to semiconductors. The president plans to impose the tariffs once that deadline passes, according to the people familiar with the matter.

Robert Wenzel is Editor & Publisher of and Target Liberty. 

More about Wenzel here. 

1 comment:

  1. Is POTUS allowed to unilaterally create tariffs? Under what law?