Monday, September 17, 2018

DONE: Trump Slams China With Tariffs on Additional $200 Billion Worth of Goods

As expected, President Donald Trump has ordered a new round of tariffs on Chinese goods. This time on $200 billion worth of goods.With the previous  $50 billion worth of tariffs on Chinese good nearly half of Chinese goods imported into the US will now face tariffs.

"For months, we have urged China to change these unfair practices, and give fair and reciprocal treatment to American companies," Trump said in a statement.

"As President, it is my duty to protect the interests of
working men and women, farmers, ranchers, businesses, and our country itself," Trump added. "My Administration will not remain idle when those interests are under attack."

Note: This has nothing to do with protecting the interests of working men and women or businesses in general. What it does is lower the standard of living for most Americans by raising prices and limiting supply.

 The duty levied on the incoming goods will be 10% when the measure goes into effect on September 24, then the tariffs will increase to 25% at the start of 2019.

The first round of tariffs s focused almost exclusively on industrial goods, but today's tariffs also included a large amount of consumer goods.

The tariff happy president has also threatened to slap tariffs on another $267 billion worth of Chinese goods, which would mean all imports from China would be subject to duties.


(via Business Insider)


  1. I'm curious to know how the country is "under attack" when we get lower-cost goods from another country that most Americans want and are willing to buy?

    What a moron....

  2. One ignoramus, with the power to second-guess and override the millions of individual, voluntary transactions that occur (or would occur) each and every day. Astounding.
    ---David Afton