Author Topic: New 200 billion dollars Trump Tariffs on China of 10%.  (Read 314 times)

Offline Xavier

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New 200 billion dollars Trump Tariffs on China of 10%.
« on: September 18, 2018, 07:05:11 AM »
So we have more tariffs announced. If China backs down and comes to a good fair, free trade deal, it will be good for all parties. But China is likely to keep cheating as it has been for a long time. This is long overdue and a good move.

http://www.foxnews.com/opinion/2018/09/17/gordon-chang-trumps-latest-china-tariffs-are-right-thing-to-do.html

Thoughts?

Quote
"President Trump’s announcement Monday to impose tariffs on $200 billion worth of Chinese products is already drawing fire, but the tariffs are justified and in America’s national interest. They are also good for the world.

The president said tariffs of 10 percent will take effect Sept. 24 and will rise to 25 percent on Jan. 1. He added in a statement: “Further, if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports ...

The U.S. has won every WTO case it has brought against China since 2004 – and many before that date – yet Beijing’s trade behavior has only deteriorated, especially in the last five years. Unfortunately, the rules-based trading system has proven inadequate to constrain a country determined to flout rules.

And the trading system has failed to stop the theft of intellectual property – creations of the mind, such as inventions, designs, works of literature and artistic works – that are often protected by patents, copyright and trademarks.

As detailed in the U.S. Trade Representative’s 215-page investigative report, issued in March – along with other studies, most notably reports of the Commission on the Theft of American Intellectual Property in 2013 and 2017 – China has, through theft and forced taking, grabbed U.S. intellectual property worth hundreds of billions of dollars each year.

This has, with justification, been called the biggest theft in history."
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Offline Heinrich

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Re: New 200 billion dollars Trump Tariffs on China of 10%.
« Reply #1 on: September 18, 2018, 11:23:37 AM »
It is good. If for anything, it will give pause to the human slavery that exists in China and reorder the infrastructures of both economies. But most importantly, ours. I am sure James would be able to explain the macro finance/economics of this in regards to debt restructuring and management, GDP growth, and what, if any, downsides legitimately exist, sans politics. If that is even possible.
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