Tariff war declared

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It’s the New York Times, not surprising they would make such a declaration.
 
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I never inferred President Trump hasn’t implemented tariffs.

But that doesn’t mean we are, or will be, in a tarried war. That is just the hysterical reporting typical of the NYT
 
I’ve not seen a single source refer to it otherwise. Even those who approve of it. He imposed tariffs; China is retaliating. What else would we call it?
 
I’m pretty sure this is going to continue to be an ongoing series of events.


The tariffs long threatened against billions of dollars in Chinese goods took effect just at midnight ET while many Americans were sleeping — but Beijing was ready immediately with a wake-up call of its own.

The new trade regulations imposed by the Trump administration, which levy a 25 percent tariff on $34 billion worth of Chinese imports to the U.S., have “violated [World Trade Organization] rules and launched the largest trade war in economic history to date,” China’s Ministry of Commerce declared in a statement Friday.

And Chinese authorities quickly retaliated with equivalent tariffs on $34 billion worth of imported U.S. goods — previously promised as ranging from vehicles to soybeans, beef and other agricultural products.

www.scmp.com

Trade war: Canada’s US$12.6 billion tariffs against US goods kick in

Canada began imposing tariffs Sunday on US$12.6 billion in US goods as retaliation for the Trump administration’s new taxes on steel and aluminium imported to the United States.
www.scmp.com www.scmp.com

Canada began imposing tariffs Sunday on US$12.6 billion in US goods as retaliation for the Trump administration’s new taxes on steel and aluminium imported to the United States.

Some US products, mostly steel and iron, face 25 per cent tariffs, the same penalty the United States slapped on imported steel at the end of May.

Other US imports, from ketchup to pizza to dishwasher detergent, will face a 10 per cent tariff at the Canadian border, the same as America’s tax on imported aluminium.


 
The market doesn’t seem to be buying it for the moment. And no sell off of Treasuries either.
 
Boatswain2PA said:
I never inferred President Trump hasn’t implemented tariffs.

But that doesn’t mean we are, or will be, in a tarried war. That is just the hysterical reporting typical of the NYT
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What specifically did you find “hysterical” about the NYT reporting of this story? It seemed quite factual and measured to me.
 
Sometimes ironies abound. The U.S. is spending millions upon millions of dollars on an investigation of “Russian interference” with U.S. elections, and the wailing is extreme.

But China (according to the article) is deliberately targeting “red states” to interfere with our political process, and all you hear or read about it are condemnations of…not China, but Trump.
 
We should have tariffed China a long time ago.

As for Europe, if they want to put tariffs on us then we should stop funding NATO. Let them pay for their own defense if that’s what they want.
 
Boatswain2PA said:
That is just the hysterical reporting typical of the NYT
Click to expand...
They don’t want Trump to succeed in steering us towards balanced trade.
None of their stories cover the current trade disadvantages we are under.
Anything but Trump.
 
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The only steering I see is away from American products. China is probably negotiating with other South American countries for its soybean demands, for example. Right now farmers may not have suffered too much as they may have hedged in futures but a year or two from now we’ll really feel the devastating effects of Trump’s meddling.

Trump has already cost the USPS business with Amazon and there seems to be no stopping him from further tampering with the economy and the debt.
 
So you basically support any efforts to maintain a trade imbalance with China?
 
Theo520 said:
So you basically support any efforts to maintain a trade imbalance with China?
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Since I am not a soybean farmer our current trade war to harm soybean farmers in exchange for some mythical benefit of “balanced trade” is no big deal to me. However, in the long run consumers will pay higher prices for Trump’s trade policy, but nobody can say why it is good for consumers to pay higher prices.
 
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