Joe.My.God. LGBT News
The Associated Press reports:
President Donald Trump’s latest tariff hike on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China’s technology ambitions and other trade tensions.
The Trump administration raised duties on $200 billion of Chinese imports to 25% from 10%. China’s Commerce Ministry said it would impose “necessary countermeasures” but gave no details.
The increase went ahead even after American and Chinese negotiators began more talks in Washington aimed at ending a dispute that has disrupted billions of dollars in trade and shaken global financial markets.
The US now has 25% tariffs on $250 bn worth of Chinese products.
Trump says he is putting things in motion for tariffs on ALL Chinese imports.
No call last night btwn Trump & Xi. Talks resume today but optimism is way down for a deal. https://t.co/eLBH6ApGAd
— Heather Long (@byHeatherLong) May 10, 2019
Tariffs will bring in FAR MORE wealth to our Country than even a phenomenal deal of the traditional kind. Also, much easier & quicker to do. Our Farmers will do better, faster, and starving nations can now be helped. Waivers on some products will be granted, or go to new source!
— Donald J. Trump (@realDonaldTrump) May 10, 2019
Furniture, fish sticks and canoes are just some of the products likely to cost more following higher tariffs slapped on Chinese goods https://t.co/KveDCN5gHJ
— The Wall Street Journal (@WSJ) May 10, 2019
“When they impose these tariffs as they call them, it’s you the consumer that ends up having to pay more.” @SRuhle explains what the latest developments in the US/China trade war mean for you pic.twitter.com/NivOQ8hT8y
— TODAY (@TODAYshow) May 10, 2019