Trump Says China Tariffs Will Rise 25 Percent

What Happened: U.S. President Donald Trump tweeted May 5 that tariffs on $200 billion in Chinese imports would increase May 10 to 25 percent from 10 percent, citing slow progress in trade talks between China and the United States. Trump also threatened to impose tariffs of 25 percent on an additional $325 billion in Chinese goods “shortly.”

Why it Matters: Trump’s threat to keep tariff options open sharply raises the stakes in trade negotiations between China and United States now approaching their final round, increasing the pressure on China to make further concessions to secure a deal. The threat is timed with the next round of negotiations, in which Chinese negotiator Liu He was expected to lead a large Chinese delegation to Washington on May 8.

Background: Trump originally imposed a 10 percent tariff on $200 billion in Chinese goods in September 2018 and a 25 percent tariff on roughly $50 billion in other goods, but delayed raising or imposing additional tariffs on Chinese goods. In ongoing trade talks, China has focused primarily on offering concessions on purchases of U.S. goods and allowing greater market access, ignoring key structural demands by Washington. According to recent rumors, the White House has lessened its demands on some structural issues in a bid to secure a quicker deal with China. But gaps in the two sides’ negotiating positions remain, and what an eventual enforcement mechanism might look like has also yet to be resolved.

I’m all for holding China’s feet to the fire to hasten a trade accord, but know the U.S. consumer is ultimately paying the tariff, which in reality is nothing but another tax.

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The myth of the Trump economy, which is so strong that the average citizen has to pay more and lose benefits.


Even so, the long term effect will be a positive for the US if we can manufactured domestically produced goods with higher quality that last longer and don’t find their way to landfills after 3 years. I am more than happy to pay more for goods if it means I am supporting American made products! In the long run its a good thing that we become independent from foreign made products!

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Trump voters will be “winning” when Walmart prices escalate.

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Its always about the free stuff that you can get huh? Your whining and crying never ceases! You can always move to a socialist state if you are not happy here!

No Trump voters will be winning when Walmart goes out of business and independent business owners start coming back!

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This will never happen. The economy is already slowing and gas prices are rising, any further escalation will be bad news. I feel this is more likely a bluff more than anything else.

Well Creepy Joe’s son is in bed with China to the tune of BILLIONS !!!

Oh how you libs pray to find a Trump voter who regrets his vote. For years now you have been looking for such people, begging the Lord God of all creation to send you unhappy Trumpers.

You might as well put on clown faces for comedy you provide.

^^^ Amen. Someone who gets it!

The myth that the US has a trade deficit exceeding 300 billion a year isn;t a myth.

What do you think China does with the excess dollars?

China own over 1.18 trillion in US debt.

A few companies purchased by China with US dollars:
Starwood Hotels
Deal size: $14.3 billion
Acquirer: Anbang Insurance
March 14, 2016

It is the latest hotel acquisition by the Chinese insurer, which last year bought the company that owns New York’s Waldorf-Astoria. Also this week, Anbang announced its was buying a number of hotels owned by Blackstone. Starwood would add 1,300 hotels around the world to Anbang’s portfolio.

Smithfield Foods
Smithfield Foods
Deal size: $7.1 billion
Acquirer: Shuanghui International
Date: May 29, 2013
Some view the purchase as a means to acquire valuable hog-farming and processing technology. Others worry that Shuanghui might use Smithfield as a channel to sell its products in the U.S.”

Ingram Micro
Deal size: $6.3 billion
Acquirer: Tianjin Tianhai Investement Development Co.
February 17, 2016

No. 62 on the Fortune 500, Ingram Micro (im)agreed earlier this year to be bought by a Chinese firm that specializes in aviation and logistics.

General Electric Appliance Business
Deal size: $5.4 billion
Acquirer: Qingdao Haier Co.
January 15, 2016

Terex Corp.**
Deal size: $5.4 billion
Zoomlion Heavy Industry Science
January 26, 2016

Legendary Entertainment Group
Deal size: $3.5 billion
Dalian Wanda
January 12, 2016

It is the largest China-Hollywood deal to date. Legendary has co-financed a number of major movies, like Jurassic Park and Straight Outta Compton . A number of the company’s movies, like Godzilla and Pacific Rim , have done well in China.

Motorola Mobility
Deal size: $3.1 billion
January 12, 2014

Computer maker Lenovo consolidated its phone business with Motorola’s. The new handsets will go by the brand “Moto.”

AMC Entertainment Holdings**
Deal size: $2.6 billion
Dalian Wanda
May 20, 2012

When Dalian bought AMC, it was the U.S.’s second largest movie chain. But a $1.1 billion acquisition announced earlier this month of Carmike Cinemas has moved AMC into the No. 1 spot.

Now your money can go directly to China. China no longer has to stay US technology, thy can buy it easily.

But you can buy cheap junk.

Wouldn’t THAT be a bright day for America!

Translation: “Please please, oh god of liberal darkness, please send SOME Trump supporters who say they regret their vote. We offer our first born to you… and cut off our penises in your honor, oh god of liberal darkness.”