world

Trade war escalates as China announces tariffs on U.S. imports

49 Comments
By JOE McDONALD

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

©2019 GPlusMedia Inc.


49 Comments
Login to comment

Trump gives tax cuts to those that don't need them, i.e, corporations flush with cash and the rich, and then slaps tariffs on things normal people by, which means normal people will pay more for those things. Trump's tax hikes are coming.

13 ( +16 / -3 )

Buy American and you won't pay any Trump tax.

-13 ( +3 / -16 )

If I were the Chinese, I would unload the $1.3 Trillion of US government debt that I hold and promise not to buy any more until the tariffs are lifted.

Then lets see what happens to interest rates as the market is flooded with bonds and the Treasury tries to finance the $1+ Trillion deficit that the GOP caused with its tax cuts to the 0.5%.

Of all people, Trump should know what happens when you p**s off your lenders.

9 ( +14 / -5 )

and yet...the economy, jobs, wages and consumer spending are all historically high....

-9 ( +4 / -13 )

Dango bongToday  07:26 am JST

and yet...the economy, jobs, wages and consumer spending are all historically high...

Thanks Obama.

4 ( +9 / -5 )

Burning BushToday  06:46 am JST

Buy American and you won't pay any Trump tax.

Yes, I'll just run out and buy a TV made in America as opposed to... oh wait.

6 ( +9 / -3 )

Buy American and you won't pay any Trump tax.

Buy only American, if you want to limit both quantity and quality of goods, now and particularly in the future.

7 ( +10 / -3 )

When did the GOP abandon the free market for Juche ideology?

4 ( +6 / -2 )

and yet...the economy, jobs, wages and consumer spending are all historically high....

Time will tell you that the economics of Trump will fail after his stop gap of raising taxes, going further into debt, trade wars, allies being alienated and having less regulation take full effect. It'll take another Obama like save of a Republican mistake, like the housing crisis caused by deregulation of a Republican administration. Then the Republicans will blame any Democrat because the economy sucks, caused by Trump and Republicans. The cycle continues.

3 ( +5 / -2 )

Buy only American, if you want to limit both quantity and quality of goods, now and particularly in the future.

So suddenly the Chinese are producing "quality" goods.

-2 ( +0 / -2 )

Of all people, Trump should know what happens when you p**s off your lenders.

Obviously, he does. Basic rule of lending: If you owe the bank a million dollars, you are in their power. If you owe the bank a billion dollars, they are in your power. Of all people, the Chinese know what would happen if they flooded the market with their US government Ponzi bonds.

-3 ( +3 / -6 )

 The U.S. says the plans are based on stolen technology, violate China's market-opening commitments and might erode American industrial leadership.

They are right. China's grand strategy is to become self-sufficient and dominant globally in the most important and strategic technologies and industries by 2025. This is what the neo-lib free-traders don't understand -- and also that China's global dominance is being orchestrated by a communist dictatorship.

If people in the West care about their kids' future, they need to do something about this now.

2 ( +4 / -2 )

This is what happens when a petty person becomes president. They try to use their position to get back at his perceived enemies. How convenient it is that Ivanka closed up shop in China before all of this started.

This whole joke of a presidency is because Pres. Obama roasted him at an event. The country has been suffering ever since.

This might hurt China short term, but long term this will hurt the US. Especially, if China calls repayment of US debt. I wonder if Dump thinks that he can just bankrupt another business (US) and bail on the creditors(citizens) like he usually does.

4 ( +7 / -3 )

I think Trump's strong attitude to China is correcting China's bad manners in trade and other matters. They must learn rules of the world. It is only Trump's U.S. which China will listen to. I wish arrogance of instant rich China will be corrected.

-2 ( +3 / -5 )

This whole joke of a presidency is because Pres. Obama roasted him at an event. The country has been suffering ever since.

People who work, earn money, invest in the stock market and despise illegal aliens are not suffering at all. They are actually pretty happy.. It is the social justice warriors on twitter and the crooked media that are suffering...

-4 ( +4 / -8 )

and yet...the economy, jobs, wages and consumer spending are all historically high....

Yep, on the rise since Obamanomics :)

-1 ( +4 / -5 )

This is what happens when a petty person becomes president. They try to use their position to get back at his perceived enemies.

I can think of another President that did such a thing......ahem...

How convenient it is that Ivanka closed up shop in China before all of this started.

Can your prove that was that was the motivating factor?

This whole joke of a presidency is because Pres. Obama roasted him at an event. The country has been suffering ever since.

No, it was because Trump was tired that Americans were getting ripped off by China and that the Democrats and even the Republicans for years said nothing and allowed middle America to spiral slowly into deeper debt and the erosion of the blue collar working man.

This might hurt China short term, but long term this will hurt the US. Especially, if China calls repayment of US debt.

Actually, both countries can't live without each other at this point and China knows that as well, so if China did this they would be cutting their own throats.

I wonder if Dump thinks that he can just bankrupt another business (US) and bail on the creditors(citizens) like he usually does.

Utter nonsense, please stop reading Mother Jones and the Nation.

-7 ( +2 / -9 )

If people in the West care about their kids' future, they need to do something about this now.

This is what the neo-lib free-traders don't understand -- and also that China's global dominance is being orchestrated by a communist dictatorship.

Silly comment based on the search for a scapegoat and a lack of knowledge :)

-2 ( +3 / -5 )

Buy American and you won't pay any Trump tax.

Buying what? :)

-1 ( +5 / -6 )

@Bass4funk

Utter nonsense, please stop reading Mother Jones and the Nation.

Fox News:

Dozens of lawsuits accuse Trump of not paying his bills, reports claim

http://www.foxnews.com/politics/2016/06/10/dozens-lawsuits-accuse-trump-not-paying-his-bills-reports-claim.html

Donald Trump Has a History of Not Paying His Bills. That Offers Some Insights Into His Personality.

http://nymag.com/daily/intelligencer/2016/06/trump-didnt-pay-his-bills-for-decades.html

The ugly art of Trump’s deals: A businesswoman reveals how she finally got Donald to pay his bills

http://www.nydailynews.com/opinion/tama-starr-ugly-art-trump-deals-article-1.2422470

Donald Trump’s Business Plan Left a Trail of Unpaid Bills

https://www.wsj.com/articles/donald-trumps-business-plan-left-a-trail-of-unpaid-bills-1465504454

Report: Trump has refused to pay hundreds of workers

https://thehill.com/blogs/ballot-box/presidential-races/282933-report-trump-has-refused-to-pay-hundreds-of-workers

Trump’s Not Paying His Own Legal Bills, Because He Doesn’t Have To

https://www.buzzfeednews.com/article/tariniparti/trumps-not-paying-his-own-legal-bills-because-he-doesnt

Finally:

Trump University (mic drop!) :)

Dump is the last person to be running the US economy because he will screw everybody including the people in the process.

0 ( +4 / -4 )

China Is the problem not the U.S.A.

3 ( +6 / -3 )

I can think of another President that did such a thing......ahem...

Richard Nixon? Sweet comparison, except Bixon actually loved the country and was smart enough to resign. Trump loves himself and will bring the walls down around himself before resigning.

Can your prove that was that was the motivating factor?

Do you have evidence it wasn't? You guys love the debunked Uranium One conspiracy but refuse to consider Trump self dealing?! Wow. Just wow.

No, it was because Trump was tired that Americans were getting ripped off by China and that the Democrats and even the Republicans for years said nothing and allowed middle America to spiral slowly into deeper debt and the erosion of the blue collar working man.

Where's your proof? If Trump cared about blue collar workers, he wouldn't have stuffed any in business. But we know that isn't the case.

1 ( +4 / -3 )

American products are great, people just associate products = made in China. I think those days are over as there is a lot of good competition in the world today. Many countries including the U.S. make great things. Fair and free trade is the correct way.

0 ( +0 / -0 )

People who work, earn money, invest in the stock market and despise illegal aliens are not suffering at all. They are actually pretty happy.. It is the social justice warriors on twitter and the crooked media that are suffering...

Amen

-1 ( +2 / -3 )

For the most part, any factories moved out of China will go to other low wage countries, not the US. Americans will not work at jobs that do not offer a wage that can support them in America.

Trump doesn't understand trade, and is engaging in a lose-lose exchange with China. The Chinese economy will be hurt, but so will the American economy, as Americans pay more for goods, and as American jobs are lost because of the Trump trade war. General Motors, Boeing, farmers, ranchers, and the high-tech industry will all suffer.

Eventually, after the idiot sexual predator and unindicted co-conspirator is removed from office, the dumb trade war will end. Until then, we all will suffer the consequences of Putin's Puppet doing what he can to destabilize the world.

2 ( +4 / -2 )

The only winners will be big business. We learned from the last economic collapse that Pres. Obama actually repaired and reversed that this will cause the economy to tank again.

This should be fine for big business up to a point. At its core big business doesn't actually care how problems are worked out as long as they're worked out in its favor and the economy remains relatively stable. It was already stable before Dump took office for the last 8 years.(Pres. Obama)

The only victories Dump has handed his base has been cultural victories.

In fact, farmers are suffering, wages has decreased, infrastructure is terrible, and spending is through the roof. In addition, to all the crimes and corruption in the WH, he doesn't have his border wall!

He hasn't accomplished anything since he came into office that didn't involve him trying to take credit for other people's success.(Pres. Obama)

Dump has a history of shady business practices that will eventually lead to his impeachment. He has lied over 5,000 time since becoming president. Why would it make sense to listen to him?

0 ( +2 / -2 )

Trade war escalates as China announces tariffs on US imports

Good! Keep it up Don. China should have never beeen allowed to gain a position over democracies. Sell out politicians. I see the wonderful G$$gle just made a deal with the Chinese government to make it easier for them to spy and track their own citizens. Google should be kicked out of the US for doing this. This was the last G$$gle straw for me. DuckDuckGo!

-2 ( +3 / -5 )

Oh, gas prices and the prices of other items are rising. No matter how many tax cuts we get will help us.

-1 ( +1 / -2 )

I can think of another President that did such a thing......ahem...

Example?

Can your prove that was that was the motivating factor?

Spin or deflect.

No, it was because Trump was tired that Americans were getting ripped off by China and that the Democrats and even the Republicans for years said nothing and allowed middle America to spiral slowly into deeper debt and the erosion of the blue collar working man.

Better to be ripped off by an American, I suppose. Trump is famous for his shady business dealings.

Utter nonsense, please stop reading Mother Jones and the Nation.

How many failed business? I guess he paid in full when they went bankrupt.

0 ( +2 / -2 )

Part of the problem is that Trump is conflating multiple issues with his trade war with China. One issue is property rights, and this is an area where the US is correct in their stance towards China, and something that does need to be fixed. However, the other issue is the trade deficit, which isn't a problem in the minds of anyone who actually understands how things work. If Trump had not conflated these issues, he would be getting a lot more support insofar as his 'war' attacks

0 ( +2 / -2 )

...China for something that they really should not be doing.

-1 ( +1 / -2 )

The American people will suffer under the Trump tariffs. Means increased prices and shortages. Just wait until China starts dumping treasury notes and stops supplying the US with rare earth metals. Then add in messing up American company operations in China.

0 ( +3 / -3 )

@Netgrump

"Silly comment based on the search for a scapegoat and a lack of knowledge :)"

A silly response to a post based on a couple of irrefutable facts. :)

2 ( +2 / -0 )

U.S citizens have been able to lead a high standard of living as compared to other countries of

the world due to the cheap products from China and we all know that U.S companies cannot overnight

start manufacturing those products and some had moved all their production to china and it is not as simple as off rooting a factory in China and re-planting it in the U.S and bang re-starting production.

It takes years of planning and staff education.

At the end it is the average US consumer who suffers having to fork out more for products without a comparable increase in income.

0 ( +1 / -1 )

Strangerland

Part of the problem is that Trump is conflating multiple issues with his trade war with China. One issue is property rights, and this is an area where the US is correct in their stance towards China, and something that does need to be fixed.

The U.S is to blame for the loss of Intellectual property rights to China rather than china and this is

because of greed to make money and lack of regulations.

The vast majority of labs in the U.S have mostly Chinese and Indian post docs why because they are

prepared to work for even 25,000 dollars per annum hence those running labs look for chinese or indians.

and some of the chinese head back to China with the technology acquired in the U.S.

There should be a quota as to the number of citizen of a particular country that a lab is supposed to recruit

if not the trend will continue.

1 ( +1 / -0 )

The vast majority of labs in the U.S have mostly Chinese and Indian post docs why because they are prepared to work for even 25,000 dollars per annum hence those running labs look for chinese or indians. and some of the chinese head back to China with the technology acquired in the U.S.

Yep, you will see the same at a lot of R/D departments in Japan. I personally have.

This trade war will also affect Japan.

-1 ( +1 / -2 )

bass: Trump was tired that Americans were getting ripped off by China

But certainly not tired enough to stop his own manufacturing there. I’m sure they twisted his arm, just like down in a Florida where he imports foreign workers while his base tells us America is too full for refugees.

2 ( +4 / -2 )

There are two issues here, one is the trade deficit and the other is Made in China 2015.

The deficit is largely fueled by Americans like Trump manufacturing in China then importing back into the US. By cutting out American workers he makes more money. And when things like iPhones are made in China and sold in China that doesn’t count as an export so it’s not reflected in the numbers. So the numbers aren’t always what they appear to be.

The Made in China 2025 issue is a legitimate threat and the US and the rest of the world should make moves to counter it. Strong ones, if necessary.

2 ( +4 / -2 )

If I type 2015 one more time...

1 ( +3 / -2 )

Yep, you will see the same at a lot of R/D departments in Japan. I personally have.

This trade war will also affect Japan.

The difference between the US and Japan is that in the US some of the labs are run by

Americans of chinese descend and though they are Americans one doesn't know where

their allegiance is.

In the case of Japan, I don't think there are foreigners let alone alone chinese in labs dealing

with cutting edge or sensitive tech.

0 ( +1 / -1 )

@crazyjoe. You are spot on. Except the worldwide recession will effect more than the orange man.

-1 ( +1 / -2 )

Thanks Obama! The only thing liberals claim he did that he actually did. Obama’s legacy IS Trump.

This whole joke of a presidency is because Pres. Obama roasted him at an event.

-2 ( +1 / -3 )

"with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey..."

Whoever's buying the Kona coffee and the high-end U.S. honey in China can certainly pay the increases, though they'll be pissed at the Chinese government.  

I like Trish Regan's commentary in this interview with former Reagan economic adviser Art Laffer on the White House considering an additional $200 billion in tariffs on Chinese products entering the U.S.

https://www.youtube.com/watch?v=ruZg40BNT_g

-2 ( +0 / -2 )

Can you summarize it for us?

1 ( +1 / -0 )

"Can you summarize it for us?"

Yeah. She's right and you anti-Trumpers are wrong. Try watching it and learn something.

-2 ( +0 / -2 )

Trump opened a whole can of whoop ass on cheating China, hehe.

-2 ( +0 / -2 )

This makes sense:

Trump’s tariffs are a necessary defense against China: Peter Navarro

https://www.youtube.com/watch?v=2pzau70rPQI

-2 ( +0 / -2 )

Can you summarize that one for us, too?

1 ( +1 / -0 )

China made a colossal mistake not coming to the table on trade: Rep. Fleischmann:

https://www.youtube.com/watch?v=SL2WttSZ-xM

Summarize that for us, Super.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites