US president Donald Trump initiated, then backed off, then resumed, an ongoing trade war with China over its alleged theft of technology and intellectual property, as well as the trade deficit between China and the US. In Trump’s mind, applying pressure on the Chinese through economic tariffs can spur the Chinese to be more ‘fair’.
US president Donald Trump’s ‘beautiful’ trade war with China is going great, if market drops, loss of investment, volatility, and price hikes are how one measures ‘winning’.
After all, Trump said that trade wars are ‘easy to win’ and sometimes necessary.
Now he’s got one, but the figures are returning the sort of results that one would typically associate with ‘winning’ or ‘success’.
The Trump administration is intent upon following its course of action to the end no matter the cost. The promises Trump made on his campaign trail seem to be a large part of his guiding light as he navigates his tenure.
A part those commitments was that of bringing manufacturing jobs back to America, cutting the trade deficit, and putting America into a more equitable position on trade matters, if not, perhaps, even in a position that puts America in a competitively advantageous position.
In response to US president Donald Trump’s metals tariffs, which by this point require no introduction, the European Union is following through on implementing their countermeasures to tariffs being encountered coming out of Washington DC, with those countermeasures slated to come into effect on Friday.
The EU joins many of America’s other major trade partners in responding with tit-for-tat measures as Trump ramps up what could amount to a global trade war.
Ever smuggle phamaceuticals into the U.S. from Canada? They cost much less up there so it's a pretty common practice. Señor Trumpanzee, presumably with the help of the White House's top in-house Nazi, Stephen Miller, insists Canadian are smuggling scuffed up shoes from the U.S. into Canada.
BEIJING – Tremendous; great, incredible and tremendous; very historic, and very, very comprehensive. Such were the terms U.S. President Donald Trump used to praise last Tuesday’s summit with North Korean leader Kim Jong-un, and he was far from alone in welcoming what appeared to be a major breakthrough in burying the memory of nuclear crisis on the Korean peninsula.
Russia’s Economic Development Minister, Maksim Oreshkin, has announced that Moscow is preparing a list of goods imported from the USA to be targets of countermeasures designed to respond to Trump’s metals tariffs. The goods to be targeted are to be those which possess a domestically produced alternative, and the economic impact is estimated to meet that which is levied against Russia.
RT reports:
With a massive influx of immigrants from across Africa and the Middle East, and growing poverty, Italy voted in a populist government representing policies which would seem to virtually overturn the postwar European order.
The austerity measures which have been imposed upon the Italian people have pushed more and more of them down into poverty, with the poverty rate doubling over the course of the past decade.
The Trump White House formally announced the list of Chinese products to be hit with tariffs.
The US will implement 25% tariff on $50 Billion in Chinese imports, representing 1,102 product lines with the list of imported goods among those listed on China’s 2025 plan.
The US tariffs against China will be implemented in two tiers.
The first tier on July 6th will cover $34 Billion in imports. A second tier will cover the remaining $16 Billion, or 284 product lines.
Asian markets are taking a hit as Trump announces that he intends to expand the list of tariffs on Chinese exported goods. Trump continues to slam China over the trade deficit between China and the US and his displeasure with Chinese countermeasures to tariffs that he has imposed on them. Apparently, in Trump’s world, he can tariff other countries, but they can’t respond in kind.
Associated French Press reports:
