Friday, May 10, 2019

IT GETS UGLY: U.S. Hikes Tariffs on Chinese goods, China Says Will Strike Back

Multiple updates below.

President Trump’s tariff increase to 25% on Chinese goods has taken effect as of 12:01 AM ET Friday.

China’s Commerce Ministry said it “deeply regrets” the U.S. decision, adding that it would take necessary countermeasures.

But talks continue.

Chinese Vice Premier Liu He, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin talked for 90 minutes on Thursday and were expected to resume talks on Friday.




The new tariff rate applies to around $200 billion of Chinese goods previously subjected to a 10 percent tariff


China's top trade negotiator departs US trade office after morning talks.


  1. It's about time someone stood up to China. I don't like the military saber rattling, but China has not lived up to its end of the deal from the beginning. Of course, even RW cheers the transfer of labor and everything else to a hostile state. It's all about cheap all the time with the libertardians.

    1. What deal has China not lived up to?

    2. And you like expensive stuff, I gather? Never mind that labor is not a transferrable good, because labor is owned by each individual, like you own your own body. What's transferrable and is being transferred to wherever is more profitable is Capital. Look, be glad to know that you're living proof that Trump idolaters aren't capitalists, they're actually socialists in disguise, which means that all discussions with Trump idolaters are a true waste of time.

    3. Yeah, I'll have to pay an extra nickel here and there for a 'Horror' Freight screwdriver or something like that. I can easily obtain a gently used appliance. I'm not a Trump idolater by any means, but libertardian economics has not lived up to it's promises. I should be able to work a service job and have Mcmansion, right?

    4. Its the black and white Lab that gets them everytime. I would love to hear a discourse on IP theft and forced capitulation by china to enter into THEIR markets. You dont share you dont play.

      Thats a simple enough concept to acknowledge but what about the US based companies that facilitate production abroad to dodge the heinous US tax system that in essence makes the situation worse.

      Inconvenient truths in a hollowed out economy that will flash bang like a supernova