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Friday, May 10, 2019 10:42:47 PM
US Trade Representative Robert Lighthizer said in a statement that Trump has "ordered us to begin the process of raising tariffs to 25% on the $300 billion of all remaining imports from China." - https://www.dw.com/en/donald-trump-to-impose-tariffs-on-remaining-imports-from-china/a-48695181
This is in addition to yesterday's rise in 25% tariffs on $200 billion of Chinese exports bringing the total Chinese imports under tariff to $500 billion annually.
Trump is also considering reimposing a complete ban in the export of chips and other high tech equipment which temporarily put ZTE and Huawei out of business two years ago.
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Beijing has already imposed tariffs on some $110 billion worth of US goods exported to China in response to duties Washington imposed on its products last year. However, the total annual value of US goods exported to China is a mere $120.3 billion — meaning China doesn't have much scope to use tariffs to hit back.
China has already announced it will replace all Boeings on order with Sukhoi Flaming-100 Superjets.
Instead of raising tariffs on the few American goods China imports, sources say China may resort to new penalties, including "scathing criticism of America" on the evening news and the inclusion of "stupid American" characters on popular Chinese entertainment programs.
Westerners will also be targeted in the Chinese print media and billboards with English language messages like these.
This is in addition to yesterday's rise in 25% tariffs on $200 billion of Chinese exports bringing the total Chinese imports under tariff to $500 billion annually.
Trump is also considering reimposing a complete ban in the export of chips and other high tech equipment which temporarily put ZTE and Huawei out of business two years ago.
.
Beijing has already imposed tariffs on some $110 billion worth of US goods exported to China in response to duties Washington imposed on its products last year. However, the total annual value of US goods exported to China is a mere $120.3 billion — meaning China doesn't have much scope to use tariffs to hit back.
China has already announced it will replace all Boeings on order with Sukhoi Flaming-100 Superjets.
Instead of raising tariffs on the few American goods China imports, sources say China may resort to new penalties, including "scathing criticism of America" on the evening news and the inclusion of "stupid American" characters on popular Chinese entertainment programs.
Westerners will also be targeted in the Chinese print media and billboards with English language messages like these.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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