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Montevideo, November 21st 2018 - 12:16 UTC

US tariffs on Chinese goods become effective: global trade war takes off?

Friday, July 6th 2018 - 10:56 UTC
Full article 7 comments

US President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on US$ 34 billion of Chinese imports. China immediately said it would be forced to retaliate. The duties on Chinese goods started at 12:01am Friday in Washington, just after midday in China. Read full article

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  • chronic

    Let the games begin.

    No more protecting or feeding the world.

    Jul 06th, 2018 - 08:06 pm - Link - Report abuse 0
  • DemonTree

    No more managing or leading the world.

    Jul 06th, 2018 - 09:28 pm - Link - Report abuse 0
  • Skip

    Yes, let the 77th Hunger Games being! Which district is winning so far?

    Well, none in the US, that's for sure!

    Jul 07th, 2018 - 01:43 am - Link - Report abuse 0
  • Terence Hill

    chronic i.e pathological
    “Let the games begin. No more protecting or feeding the world.” Yes, indeed! It looks like your feckless leader is full of only bullying bluster, like most cowards. As it appears like your sorry ass is owned by the international community at large.
    National debt of the United States
    “or a total or ”National Debt“ of $21 trillion.”“In March 2018, China owned $1.19 trillion of U.S. debt.”
    List of countries by external debt puts the US in first place. So if anyone is going to reamed it's you guys. So you might want to consider that a lot of countries could make you look like the 'great again' idiots. So you might want think carefully about STFU, as you really don't have any real power to do anything economically to anyone.

    Jul 07th, 2018 - 09:29 pm - Link - Report abuse 0
  • chronic

    Teri got a governance lesson.

    Now he's about to receive one in economics.

    LOL.

    Jul 08th, 2018 - 03:41 pm - Link - Report abuse 0
  • Skip

    Recent lessons in economics:

    1/ American consumers
    16% price rise in washing machines between March and May due to Trump tariffs
    2/ American employees
    loss of 8,000 construction jobs in the solar panel industry due to Trump tariffs
    3/ American profits
    Profit margins are shrinking for many companies due to increases in steel and aluminium
    prices due to Trump tariffs
    4/ American families
    Mid-Continent Nail has already laid off 60 employees, cut hours for remaining staff and
    looks like it will eventually close due to Trump tariffs
    5/ American exports
    Harley Davidson ships more manufacturing overseas due to Trump tariffs

    So many new lessons are awaiting us..... I just can't wait!

    Jul 09th, 2018 - 11:43 am - Link - Report abuse +1
  • Terence Hill

    chronic i.e pathological
    The US has the largest share of the world's GDP at 23%, but it is still a minority in the overall scale, as China and Japan alone, are roughly the same size. Put together with theirs, additional European, and say India working in concert, to resist trade restrictions from US. Who is going to have the greatest likelihood of success?
    The US may so exasperate the rest of the world that they decide its better to operate without any reliance on the US. So after some adjustments the world would move on, while the US economy would become restricted in growth, depending entirely on its own domestic market.

    Jul 10th, 2018 - 01:45 am - Link - Report abuse 0

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