Donald trump
© Americanspirit

Yesterday, Donald Trump did what everybody knew he was going to do and escalated the China-US trade war with the application of 10% tariffs on another $200bn worth of Chinese goods. They are expected to be increased to 25% next year and, in a splendid case of doubling down on an existing double-down, The South China Morning Post reports, he added that goods worth a further $267bn would see tariffs introduced if China retaliates. The effectiveness of all this remains debatable, however. Quartz reports that “the tax rate will likely be borne mostly by US businesses and consumers”, although some of their most loved gadgets – notably Apple watches and Fitbits – are among 30 product lines that have been exempted.

Comment on this article

You must be logged in to post a comment.
  • A.Kout

    September 18, 2018 at 1:57 pm

    It is very honestly speaking a reality that Mr.Trump is a threat to any US native
    as first of all he doesnt in no way understand today the complexity of
    global supply chains and in particular the ones of US companies who have almost everything outsourced to the supermegapowerhouse Cchina on this.
    Well if it make sense for him Mr.Trump actions directly results that the cost of living
    are going up for shoes,any electricals+gadgets and electronical products,furniture ,foodstuff toys etc.
    If this is helpful in case of any pre-electation in the next future is the next point
    however we think that this totaly counterproductive.
    If an American feels the pain and costs Mr.Trump is extra causing to him in their daily life,he will probalby change his mind, the question is when this direction and movement comes.
    Nevertheless I m not the only one on this; he is an idiot and still has to learn
    a lot about the complexity of global economy today ,but we are fully doubting that
    he is in a positon to do so.!!!
    kindest regrds

    • Ale Pasetti

      September 18, 2018 at 4:40 pm

      Good points. What if he is right, though, Andreas?