Cartoon by Gianfranco Uber
Trump Just Announced Tariffs on $200 Billion More Chinese Goods
Forbes: Less than a week into the trade war with China, President Trump is already thinking about levying more tariffs against goods imported from that nation to the U.S.
The White House said it was considering additional tariffs of 10% on $200 billion worth of Chinese exports. This would be the third round of tariffs on Chinese goods imposed by the Trump administration and comes shortly after a tariff of 25% went into effect against $34 billion of Chinese goods. While the tariffs wouldn’t go into effect for at least two months, they would be much more aggressive in the range of goods they’d apply to. Here’s what makes these different.
Consumer goods
The round of tariffs that went into effect last Friday mainly applied to raw materials imported by American companies. Only about 1% of the items on the list were consumer goods. This round targets a larger number of consumer goods as varied as fish, luggage, tires, dog leashes, baseball gloves, furniture, clothing, mattresses, and some electronics. The Trump administration has tried to limit the impact of the trade war on consumers and any backlash that it might prompt, but the scale of these tariffs make it next to impossible to protect them.
Targeting total exports
A senior White House official told CNBC that the reason for the $200 billion figure was that it’s “roughly equal to their exports to us.” Adding $200 billion in goods to the list of existing tariffs would bring the total value of tariffed goods to $450 billion—just shy of the $505 billion in exports that China sends to the U.S. Trump had threatened this level of escalation as early as last week, before the current tariffs even went into effect.
Made in China 2025
As with previous rounds of tariffs, the new list takes special aim at “Made in China 2025” products. The Chinese government’s industrial strategy to make its goods competitive on the global market, in place since 2015, seems to have been one of the key instigators of Trump’s trade war.
Domestic criticism
Many Americans—even those the tariffs are ostensibly intended to help—quickly came out against threats of additional tariffs. Senate Finance Committee Chairman Orrin Hatch (R-Utah) said that although he’d supported the previous tariffs, the latest round seemed “reckless.” In addition, the National Association of Manufacturers, which has been silent on previous tariffs, said this round would make U.S. manufacturers less competitive.
Wrong, his overseas operations are safe and sound. It is the American people's foot that he is shooting
Muller is making America great again
tRump is helping to make Russia great again
Reject occupation, If the bar code starts with 7 29 put it back on the shelf
Buy American, say NO to Chinese madeTrump
“The time is always right to do what is right” – Martin Luther King
Let's face it, Trump is making all the obnoxious pompous elites squirm!!!
What is the future of the European Union?
The European Union (EU) is facing turbulent times. It is plagued by deep divisions over how to shape its future. Over half a century of integration has created a profound interconnectedness between the political, economic, and social fates of member states. At the same time, however, the fortunes of member states have started to diverge dramatically. The Eurozone crisis for example unmasked deep structural imbalances across the Union.
The political fault lines are widening. Today, they crosscut the continent from North to South on economy and austerity, and from East to West on migration and human rights. These developments have also left a mark on public opinion. Bruised by the Eurozone and refugee crises, large parts of the public have come to doubt the competence and integrity of their political and financial masters in Brussels and at home. Eurosceptic sentiment is on the rise. It is no longer a phenomenon tied to small segments of society, extremist political parties or specific economic cycles.
https://blog.oup.com/2018/03/future-european-union-euroscepticism/