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Trump prepared to hit China with $60 billion in annual tariffs

Trump prepared to hit China with $60 billion in annual tariffs

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  • Many of Trump’s concerns regarding trade with China are valid, but there’s also a lot of mutually assured destruction here. When we hit China with a solar panel tariff a few months ago, they hit us on sorghum. If we hit them on steel and aluminum, they’ll hit us back, and they’ll target red states, because

    Many of Trump’s concerns regarding trade with China are valid, but there’s also a lot of mutually assured destruction here. When we hit China with a solar panel tariff a few months ago, they hit us on sorghum. If we hit them on steel and aluminum, they’ll hit us back, and they’ll target red states, because they understand this is coming from the Republicans. In the end though, the Chinese don’t want a trade war with the US, whose economy is considerably greater.

    What concerns me more is that Trump’s hard line on China will go beyond just trade. He recently signed the Taiwan Travel Act, which sets the stage for high-level officials to travel to Taiwan. Taiwan is absolutely more important to the Chinese than anything on trade. Now you can play hardball with the Chinese, but I wouldn’t take an issue that’s asymmetrical in importance like Taiwan (a core issue for China that most Trump voters couldn’t care less about) and suddenly throw that into the mix.

  • Well, here comes the trade wars. Trump is positioning China as an enemy of the U.S. without thinking through the ramifications.

    China has been rising as a global power and only needed an excuse to unseat the U.S. as the global leader. To me, the Trump administration is making a huuuuuge mistake.

  • I would hope this is another example of Trump testing the waters with an outrageous announcement before seeing the backlash and retreating back to his cave.

  • If China throws the US bond it’s holding into the market as a retaliation, considerably depreciated USD will end up with a further trade deficit. To take a hard stance against your counterpart is only effective when the both sides can take an absolute position to live fully on their own. In this integrated

    If China throws the US bond it’s holding into the market as a retaliation, considerably depreciated USD will end up with a further trade deficit. To take a hard stance against your counterpart is only effective when the both sides can take an absolute position to live fully on their own. In this integrated world, Trump’s hard line will backfire in some field.

  • With the amount of US debt that China holds, Trump will not appreciate where this trade war leads.