Trump Warns China Impasse to Worsen If Xi Retaliates on Tariffs

[demmiblue]

Source: Bloomberg

President Donald Trump threatened that the trade standoff with China will “get worse” if there is retaliation for U.S. tariffs that go into effect on Chinese goods Monday.

“I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries,” Trump wrote in one of several Twitter messages.

I say openly to President Xi & all of my many friends in China that China will be hurt very badly if you don’t make a deal because companies will be forced to leave China for other countries. Too expensive to buy in China. You had a great deal, almost completed, & you backed out!
— Donald J. Trump (@realDonaldTrump) May 13, 2019

Trump’s comments come after high-level talks between Chinese and American officials broke up May 10 without a deal and ahead of an expected announcement Monday from U.S. officials detailing their plans to impose a 25% additional tariff on all remaining imports from China -- some $300 billion in trade.

Read more: https://www.bloomberg.com/news/articles/2019-05-13/trump-warns-china-impasse-to-worsen-if-xi-retaliates-on-tariffs?utm_campaign=socialflow-organic&utm_source=twitter&utm_content=politics&utm_medium=social&cmpid%3D=socialflow-twitter-politics

[tanyev]

1. China: *yawn*

[modrepub]

2. China Calls

Stock futures drop as China is said to raise tariffs on U.S. goods: https://finance.yahoo.com/news/stock-market-news-may-13-2019-121610383.html

China is set to raise tariffs on some U.S. goods starting June 1, Bloomberg News reported Monday morning. The move is an apparent retaliation against the recent hike to levies the Trump administration implemented on billions of dollars worth of Chinese imports late last week.


Restricting trade via tariffs ensures inefficient means of production develop and/or continue.

[Botany]

3. Trump's trade war is wrecking America's farm economy

https://www.latimes.com/business/hiltzik/la-fi-hiltzik-trump-trade-farmers-20190510-story.html

Farm prices are down, bankruptcies are up, farm equipment is getting more expensive and export markets are fading away: Is there anything to like about the impact President Trump has had on the agricultural economy of the United States?

It’s no secret that the nation’s agricultural midsection has been a haven of support for Trump. But it also has been pummeled by his policies, not least among them his truculent trade war with some of the farm belt’s most important export markets, such as China.

Last November, Chinese soybean imports from the U.S. fell to zero. That’s a big hit, since American soybean farmers export half their crop and China was their largest single market, buying $12 billion of the commodity in 2017.

snip

The pain in the fields is beginning to intensify. Farm bankruptcies in Wisconsin, Minnesota, Montana and the Dakotas have spiked in the last two years, reaching 103 in 2018, according to the Federal Reserve Bank of Minneapolis. That’s the highest level since 2010, during the post-recession hangover. “This trend has not yet seen a peak,” the Minneapolis Fed said in November.

******

https://www.bloomberg.com/news/articles/2018-11-07/china-turns-to-russia-in-search-to-replace-u-s-soybeans

[beachbum bob]

4. china has so many plays here, and all will hurt america and working families....

what happens when china starts dumping US debt they own? What happens when they ally with EU and russia to dump the dollar as the world's reserve currency?

trump is clueless on all things, but economics he completely is a fool

[SWBTATTReg]

10. I'm wondering this too. China did just announce retailatory tariffs, dumping tons of ...

US debt securities they own would be next. This would cause the rate paid by the government to borrow $ to skyrocket. Thanks Biggest Loser!!!

[sinkingfeeling]

5. Which China just did.

[keithbvadu2]

6. Dotard who loses a $billion gives China business advice.

[C_U_L8R]

7. Trump is freaking clueless

He has no idea what he's doing and it really shows.

[duforsure]

8. His trade war is causing US to pay more

For many goods already . Some up 50 % , and now wants to increase it more , hurting all his supporters the most. He then has his people pay for it by reducing your health care, and SS like they did with their tax scam bill they passed , costing US, not the wealthy, and now China and other countries he's doing this to. IS this being done for putin because of his debts , and illegal or bad behavior? He sides with terrorists, corruption dictators, and despots around the world while attacking and doing things to hurt our allies, and our own country , even producing his and his family's goods in other country's while claiming America first, and hires undocumented people in this country forcing them to work overtime without pay, yet his followers support this because of what? He's just a professional con artist , and a fraud, and is why he's scared of Mueller and his taxes exposing him with the truth. Maybe his supporters want to pay more for a worse health care plan, or want to pay higher premiums, or higher taxes, and welcome paying more every time they go to the grocery, or shopping, I don't , and won't support this traitor, this serial liar telling people things are so great while all signs point to the opposite. We're losing trillions with these antics regarding trade, foreign policies, domestic policies, health care, and the economy, and when it catches up to him, like he said he has an excuse for everything, another indication its just another con job from this loser and illegitimate president in the oval office. He's just like a ponzi schemer , having to continuously lie to keep it going, no matter what the cost to others. Businesses should be giving to other party candidates unless they want next to be singled out and destroyed , or threatened, only to find out he's doing it on purpose to hurt them , like putin has done in Russia. They're next.

[Javaman]

9. when two elephants fight only the grass suffers. - Kenyan proverb.

the orange asshole started this bullshit and directly hurts the American public, china ramps up the stupidity that will hurt us and the chinese people.

just so much fucking stupidity.

[wolfie001]

11. Who the fuck is gonna make his stupid ties?

[marble falls]

12. "Warns"??? Dipstick.