Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Trump told Cabinet secretaries and top advisers during a meeting at the White House last week that he wanted to soon hit China with steep tariffs and investment restrictions in response to allegations of intellectual property theft, according to three people familiar with the internal discussions.
Quote:
Robert Lighthizer presented Trump with a package of tariffs that would target the equivalent of $30 billion a year in Chinese imports. In response, Trump urged Lighthizer to aim for an even bigger number — and he instructed administration officials to be ready for a formal announcement in the coming weeks,
Quote:
Although the details are still in flux, aides said the administration is considering tariffs on more than 100 Chinese products ranging from electronics and telecommunications equipment to furniture and toys.
Quote:
In addition to the tariffs, the Treasury Department is working to finalize restrictions on Chinese investments as part of the upcoming trade action, although they will likely be introduced only “in concept” as officials continue to consider how broad any action should be, according to an administration official familiar with the planning.
It says technology coming from China. Is there a list of products?
If this covers computers and smartphones, then prices are going to skyrocket not only for individual consumers, but also for companies. Companies will pass on the price increase to the consumer.
Most companies use technology and could be paying 25% higher prices for technology. This means the product or service which that company sells is subject to a price increase.
It’s all dependent on how much China is willing to invest in Donnie and Ivanka’s business ventures in return.
Don't forget the Trump businesses getting patent approvals from China and approvals for business ventures.
Ivanka's business got ~13 patents approved from China in the past few weeks, right around the time Trump announced a deal for ZTE. Also right around the time that China gave $500 million investment to a Trump company.
Wonder what the Trump family will get from China next.
Last edited by sware2cod; 05-29-2018 at 09:34 AM..
Have the trade talks resumed with the Chinese negotiators?
Last I read, the U.S. negotiators were holding "profanity-laced shouting matches" in front of the Chinese team, and then disparaging one another as well as the talks to the press.
Trump said China agreed to reduce trade surplus by $200 billion.
China stated that they had agreed to no such thing, diplomatically putting this down as a "misunderstanding."
I'm sure it's all part of a grand, 3D chess plan to make the Chinese believe we are fools.
I do have to say that China is a weak state under Xi. They have agreed on a lot of things to appease trump. Many in China are not pleased with the Chinese leadership's weak handling of Trump. But then, it's been long believed that the current CHN leaders are spineless in the face of the US because their kids and grandkids are all studying in the US and all can be held at ransom or implicit threat by the CIA.
Xi recently consolidated his power, abolished term limits, and is now leader for life.
China is negotiating trade deals all over the world.
They are stockpiling gold to back their yuan and have started making oil deals in their own currency rather than petrodollars.
They are moving from making things to manufacturing the robots that make things.
China is still eating us for lunch by theft of intellectual property and a significant trade surplus.
The fear that their children will be abducted by the CIA hasn't stopped them from sending thousands upon thousands of students to US graduate and undergraduate programs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
