WASHINGTON (AP) — The Trump administration is recommending 25 percent tariffs on $50 billion in Chinese imports to protest Beijing’s alleged theft of American technology.The Office of the U.S. Trade Representative has issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. But the proposed tariffs wouldn’t take effect before a public comment period ends May 11.
The move is the latest in a series of aggressive actions the administration has taken to combat what it calls unfair trade practices by China and other countries. American businesses worry that the administration’s moves will draw painful retaliatory sanctions.
"The move is the latest in a series of aggressive actions the administration has taken to combat what it calls unfair trade practices by China and other countries. "
Let’s not forget though: none of this would really be an issue if it weren’t for the unfair trade practices of the American plutocrat businesspeople who shipped all our jobs over there in the first place. Of course, now that they own the GOP and are slowly pushing towards a neofascist white nationalist state, they’re starting to see the opportunity to turn American workers into Chinese labor and save a whole lot on shipping. All they need is about another decade or two of gerrymandering, election law rigging, voter suppression and a broken electoral college and voila…all our jobs come home and you have the honor of working 14 hour days for $3 per day beside your children. Fun for the whole family!!! Arbeit Macht Frei!!!
“I am going to build the biggest, deepest, most-painful economic crater in American history, believe me!”
How far will the markets tank tomorrow? Place your bets! Place your bets!
One wonders how Donnie’s enablers and apologists can sleep at night!
I was wondering what this will do to all the low-cost products that were out-sourced to China and are imported to US OEMs for final assembly and sale. A friend manages at a US tech company that makes tools for manufacturers and told me of the jobs outsourced to Malaysia. Now his companies’ Malaysian engineers were complaining that their jobs were being outsourced to China. His company still relies on all the front-end production in China to keep their own US manufacturing going.
MAGA!!!