A Trump trade war with China could hit these industries hardest

[Yo_Mama_Been_Loggin]

If Donald Trump wants to launch his one-man trade war with China with a surge in tariffs, he has plenty of products to choose from.

The White House is reportedly set to announce Thursday up to $60 billion in new duties on Chinese goods, possibly singling out technology, telecommunications and intellectual property products to start.

But the list of potential targets runs to the thousands, everything from furniture to sneakers.

There's a reason trade deals take years to negotiate. In the last four decades, dozens of countries around the world have gradually eased trade tariffs on each other through years of haggling over how much to tax thousands of individual product types.

The system covers nearly 100 basic categories of goods and then breaks the list down in further detail. Within the category for "tools, implements and cutlery made of base metals," for example, there are more than 80 different product types; seven alone are for different types of knives, depending on what they're used for.

Into this thicket, the Trump administration is hoping to strike a quick and decisive blow in a widening U.S. trade war that most economists, and many of his advisors, say will only provoke a global backlash that will hurt U.S. workers.

It remains to be seen how easily the administration will be able to launch its latest tariff salvo. Dozens of U.S. business groups have expressed alarm at reports of the potential new tariffs on China of as much as $60 billion. On Sunday, 45 American trade associations representing some of the largest companies in the country warned in a letter to the White House that such tariffs would raise prices on consumer goods, kill jobs and drive down financial markets.

https://www.msn.com/en-us/money/markets/a-trump-trade-war-with-china-could-hit-these-industries-hardest/ar-BBKxjca?ocid=spartandhp

[msongs]

1. he could start with trump branded products from any of his family incl himself nt

[Major Nikon]

2. My guess is they are going to hit where it hurts the most

Things that most deeply affect the reddest areas like agriculture.

[Wounded Bear]

3. Not just products...

Here in WA, trade and shipping is a huge part of the economy. We also get hit by the agricultural stuff, too.

[Hermit-The-Prog]

5. WA is blue

It's a pretty safe bet that blue states will be targets just as they were in the tax scam bill. The crime syndicate is probably trying to figure out how to damage blue, enhance red and move the purple while still satisfying the oligarchs.

[Wounded Bear]

6. Yeah, but we still have a few districts to flip yet...

We're currently 6/4 blue/red. There are at least 2 that should be vulnerable. If Trump does his magic, we may grab another one.

Our state leg currently has razor thin Dem margins.

Lot of work to do.

[Hermit-The-Prog]

4. calling Putin?

TrumPutin will exempt his family junk and wreak havoc elsewhere as directed by Putin.
For all we know, that's what the call was about.

See, e.g., the crafting of his Muslim ban:

From 2017-02-01:

President Trump’s most recent executive order effectively bans citizens of seven Muslim-majority countries from entering the U.S. for at least 90 days — but some Muslim countries were spared from the order's blacklist, even though they have deep-seated ties to terrorism.

Conspicuously, Trump doesn't hold any business interests in any of the countries on the list, but holds major stakes in several of those excluded from it, records show.

http://www.nydailynews.com/news/politics/trump-muslim-ban-excludes-countries-linked-businesses-article-1.2957956