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

Comments

Disclaimer & comment rules

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
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!