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Globalism

China Warns American Tariffs Are Opening Fire on the Entire World, and Itself

July 6, 2018 Breitbart 0

China: Commerce official Gao Feng said that US measures are essentially attacking global supply and value chains and that China will not bow down to threats and blackmail. US Customs and Border Protection officials are due to collect 25% duties on a range of products including motor vehicles, computer disk drives, parts of pumps, valves and printers and many other industrial components.

Money

US on Brink of Trade War as Trump Announced $50 Billion in Tariffs Against Chinese Imports

June 15, 2018 Newsmax 1

President Trump is following through on his threat to implement tariffs on $50 billion in Chinese imports, and China has vowed to retaliate. The tariffs are in response to an investigation that accused China of stealing US intellectual property in order to dominate the development of advanced technology. The US imported $505 billion of goods from China last year and exported about $130 billion, leaving a 2017 deficit of $376 billion.

Politics

Trump Rattles G7 Meeting with Irreverent Actions and Words

June 11, 2018 ZeroHedge 1

Trump surprised German Chancellor Angela Merkel (and everyone else) when he floated the idea of scrapping all tariffs, barriers or subsidies. [We are mindful that President Trump’s decisions and appointments cannot be predicted by his impromptu actions and words.]

Money

Trump Imposes Tariffs on Steel and Aluminum Imports from Mexico, Canada and the EU

June 1, 2018 Fox News 1

President Trump is imposing a new 25% tariff on steel and a 10% tariff on aluminum imported from from Mexico, Canada, and the European Union. Mexico indicated it will retaliate against US agriculture products, Canada announced a new set of $16 billion in tariffs against US goods, and the EU will target bourbon and motorcycles made in the US. It is believed that China will be next on the list.

Money

Trump proposes $50 Billion in Tariffs Against China for Stealing Intellectual Property

April 4, 2018 Daily Caller 0

Trump is proposing 25% tariffs on 1300 Chinese imports which, if actually collected, would be $50 billion. This is said to be in retaliation for theft of intellectual property from US companies. If this proposal is implemented, part will be paid by Americans for higher prices for domestic products that use the imported materials. We expect that this proposal will not materialize as currently being discussed.