4,530
 

Aug 24 - twitter fingers - 30% tarriffs on china begin october 1st


 


section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook
 

section news
  
 4 weeks ago '09        #1
1468 page views
50 comments


messy marv stan  topics gone triple plat - Number 1 spot x1
space
avatar space
space
$75,723 | Props total: 134449 134449
Aug 24 - twitter fingers - 30% tarriffs on china begin october 1st
 

 
visit this link https://www.cnn.com/2019/ .. ffs/index.html


image


Angry Orange Face on Friday counterpunched against retaliatory tariffs announced by Beijing earlier in the day, pledging to hike the rates importers must pay on Chinese-made goods even higher.


Trump said the US will raise tariffs from 25% to 30% on $250 billion in goods that are already being taxed starting October 1.

He also threatened to ratchet up promised tariffs on the remaining $300 billion in Chinese imports from 10% to 15%. Those tariffs, which would hit mostly consumer items, are set to begin taking effect September 1, though most goods will be duty-free until December 15 -- a move Trump made to avoid putting a damper on holiday retail sales.

The President's announcement came after Beijing unveiled a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place additional tariffs of 5% or 10% on US imports starting on September 1, according to a statement posted by China's Finance Ministry

"We're having a little spat with China and we'll win it," Trump told reporters Friday night before departing for the annual G7 summit in Biarritz, France. "We put a lot of tariffs on China today, as you know. They put some on us, we put a lot on them."

"We're up to about $550 billion -- they've been hitting us for many, many years for over $500 billion a year, taking out of our country much more than 500 billion a year," he added. "So we want that stopped."

It was the latest escalation in an ongoing trade war that has triggered a worldwide economic slowdown and which, for the moment, shows no sign of quick resolution.

"China should not have put new Tariffs on 75 BILLION DOLLARS of United States product (politically motivated!)," Trump said on Twitter.

The intensifying f*ght unnerved investors, sending the Dow dropping more than 700 points at its worst, closing down 2.4%, or 623 points.

The US Trade Representative Office, which acts as the country's top trade negotiator, said it would "begin the process of increasing the tariff rate to 30% effective October 1 following a notice and comment period."

Earlier Friday, Trump ordered US companies doing business in China to find an "alternative" and had promised to deliver further action after he met with his economic team at the White House.

"We don't need China and, frankly, would be far better off without them," Trump tweeted. "Our great companies are ordered to immediately start looking for an alternative to China, including bringing your companies HOME."

China trade experts said the moves will only deepen the impasse between Washington and Beijing.

"Everyone knew this was coming," said Craig Allen, president of the US-China Business Council. "There was no doubt this was coming. The response to it is surprising and disappointing. "

Stocks finished a volatile trading day sharply in the red Friday, after a selloff driven by the new retaliatory tariffs from China and the President's criticism of Federal Reserve policy.

Trump again attacked Federal Reserve Chairman Jerome Powell over interest rates, which Trump insists are too high even after a rate cut last month.

"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" the president tweeted referring to Chinese leader Xi Jinping.

Late Friday night, Trump told reporters he wouldn't stop Powell if the chairman wanted to resign
+4   



best
worst
50 comments
 

 4 weeks ago '05        #2
autoraptronix  15 heat pts15
space
avatar space
space
$5,839 | Props total: 2082 2082

"We don't need China and, frankly, would be far better off without them," Trump tweeted. "Our great companies are ordered to immediately start looking for an alternative to China, including bringing your companies HOME."





+5   

 4 weeks ago '18        #3
Eyesofchaos  24 heat pts24
space
avatar space
space
$1,154 | Props total: 2118 2118

-7   

 4 weeks ago '18        #4
Deeznutz1981  topics gone triple plat - Number 1 spot x1
space
avatar space
space
$3,673 | Props total: 5237 5237
Trump will win this and the economy will just take off even more.

2020 landslide for the Chosen One

-23   

 4 weeks ago '05        #5
Fauby  29 heat pts29
space
avatar space
space
$5,908 | Props total: 14253 14253
 autoraptronix said

"We don't need China and, frankly, would be far better off without them," Trump tweeted. "Our great companies are ordered to immediately start looking for an alternative to China, including bringing your companies HOME."





He cannot tell private businesses what to do unless he puts China on a sanctions list like Iran, which would cause a war
+21   

 4 weeks ago '17        #6
Naga Sadow  62 heat pts62
space
avatar space
space
$14,906 | Props total: 64182 64182
 Deeznutz1981 said
Trump will win this and the economy will just take off even more.

2020 landslide for the Chosen One

How is the economy taking of when sales across the board are down and continuing to go down? 4th quarter of last year saw one of the worst months for home sales in the last decade. Auto companies are already bracing for a recession and stores are closing en masses. But the stock market, right?

+15   

 4 weeks ago '06        #7
Darell_ftb  1612 heat pts1612
space
avatar space
space
$66,080 | Props total: 79368 79368
He does realize it takes time to jump from getting sh*t made overseas to the USA right? He does realize it doesn't just happen right? That's if and a big if suppliers even want that. We need China just as much as they need us is he really this fu*king dense?
+14   

 4 weeks ago '11        #8
Sin  2273 heat pts2273
space
avatar space
space
$33,941 | Props total: 106190 106190

+4   

 4 weeks ago '19        #9
Bucks414  49 heat pts49
space
avatar space
space
$1,450 | Props total: 3545 3545
I dont understand why americans want to see a strong china and also china ripping us off on trade and intellectual property.

We all know what the Chinese government stands for; theyre authoritarian on steroids. Do you really want a nation that have surveillance cameras on each corner capable with facial recognition?

many of you have BAD credit, do you know what the Chinese government to those who have bad credit ? They dont get allowed on buses, trains, airplanes, and get publicly shamed on billboards. Do you really want to see that ?

China is trying to spread their influence, we see that in Africa, Thailand and Hong Kong, the bigger and stronger they get the more YOUR future will similar to those Chinese citizens

Anyone with 2 brain cells knew this economic trade war was coming, it was only matter of time but no President wanted this stain on their term.

We know damn well any liberal president like Elizabeth Warren would get absolutely taken advantage of by China.

It's time someone put them in check. Any other country would be better to trade with.
-13   

 4 weeks ago '11        #10
Sin  2273 heat pts2273
space
avatar space
space
$33,941 | Props total: 106190 106190
 Naga Sadow said
How is the economy taking of when sales across the board are down and continuing to go down? 4th quarter of last year saw one of the worst months for home sales in the last decade. Auto companies are already bracing for a recession and stores are closing en masses. But the stock market, right?

Trump will use Popeyes sales numbers to show how great the economy is doing
+22   

 4 weeks ago '18        #11
Deeznutz1981  topics gone triple plat - Number 1 spot x1
space
avatar space
space
$3,673 | Props total: 5237 5237
 Naga Sadow said
How is the economy taking of when sales across the board are down and continuing to go down? 4th quarter of last year saw one of the worst months for home sales in the last decade. Auto companies are already bracing for a recession and stores are closing en masses. But the stock market, right?

Have faith in the Chosen One
-11   

 4 weeks ago '05        #12
autoraptronix  15 heat pts15
space
avatar space
space
$5,839 | Props total: 2082 2082
 Fauby said
He cannot tell private businesses what to do unless he puts China on a sanctions list like Iran, which would cause a war
An executive order carries some clout, especially for any private business doing business or partnered with the federal government.

That sanctions list is ready and waiting for China to make a move on Hong Kong..
-6   

 4 weeks ago '04        #13
erickonasis  26 heat pts26
space
avatar space
space
$33,307 | Props total: 37777 37777
 autoraptronix said

"We don't need China and, frankly, would be far better off without them," Trump tweeted. "Our great companies are ordered to immediately start looking for an alternative to China, including bringing your companies HOME."







+9   

 4 weeks ago '05        #14
Fauby  29 heat pts29
space
avatar space
space
$5,908 | Props total: 14253 14253
 autoraptronix said
An executive order carries some clout, especially for any private business doing business or partnered with the federal government.

That sanctions list is ready and waiting for China to make a move on Hong Kong..
An executive order cannot make private businesses do whatever the president wants.

The only way to force private businesses to not work in China is a sanction against China


He can say/tweet whatever he wants. It will not stop private businesses from doing business in China. There's still American businesses working in Iran even with all the sanctions



Last edited by Fauby; 08-24-2019 at 10:32 PM..
+8   

 4 weeks ago '17        #15
dubsax  17 heat pts17
space
avatar space
space
$10,142 | Props total: 32146 32146
wait until China decides to restrict the rare earth minerals.
We really dont have much we can do in the tit for tat sense.

What should have been done before sanctions was trade agreement with south america and canada shored up, not backing out of TPP. Then you can bargain from a position of strength.

He's fu*king sh*t up for everyone.
What happens now when the US tries to issue bonds to fund operations.

Japan is #1 in US debt holding, has problems with Korea and wont be buying.

Germany is #2 and their bonds flopped last week and the govt had to buy their own bonds.

China #3 definitely isnt buying and could dump what they do have.

China (and Russia) have been stock piling gold for more than a year now.
Signed new trade agreement in south america, while also taking our place in the TPP.

Who's better positioned for a downturn?

Even if he had the power to force companies to "come home"
How many machinists, electrical engineers, tool and die makers, seamstresses etc do you know?

whatever

Got my puts ready to eat well.
+10   

 4 weeks ago '09        #16
messy marv stan  topics gone triple plat - Number 1 spot x1 OP
space
avatar space
space
$75,723 | Props total: 134449 134449
 Darell_ftb said
He does realize it takes time to jump from getting sh*t made overseas to the USA right? He does realize it doesn't just happen right? That's if and a big if suppliers even want that. We need China just as much as they need us is he really this fu*king dense?


it might take decades for the switch to fully complete. and this economic warfare scheme with china wont end well for anybody. long term result the economy loses around $500 billions and china becomes the top economy on the planet. the tax hike scheme is gonna affect every single business sector
+3   

 4 weeks ago '04        #17
qutaboi225  72 heat pts72
space
avatar space
space
$6,555 | Props total: 16785 16785
This dude cant be this fu*king stupid. I refuse to believe he isn't getting greased by the Russians to do their bidding. There's no way in the world that the leader of the free world and all his advisors are this fu*king retarded. UNLESS, of course he isn't LISTENING to his advisors
+5   

 4 weeks ago '07        #18
stogz  20 heat pts20
space
avatar space
space
$49,002 | Props total: 66007 66007
Trump is a special elite kind of stupid.


China doesn't need america at all. Everything in america is made in china.

China is liquid to the tune of $20 trillion.

The chinese leader effectively named himself leader for life. Trump has 14 months to complete change everything for the better.

China can hold out indefinitely. Trump can hold out until americans start to complain, then he'll have to cave. Just like he did with his gov't shutdown.
+8   

 4 weeks ago '15        #19
Mystic  topics gone triple plat - Number 1 spot x1
space
space
space
$15,359 | Props total: 35080 35080
 erickonasis said

How old is that though
-5   

 4 weeks ago '13        #20
J Thrilla  3 heat pts3
space
avatar space
space
$5,730 | Props total: 17898 17898
 Deeznutz1981 said
Have faith in the Chosen One
 Bucks414 said
I dont understand why americans want to see a strong china and also china ripping us off on trade and intellectual property.

We all know what the Chinese government stands for; theyre authoritarian on steroids. Do you really want a nation that have surveillance cameras on each corner capable with facial recognition?

many of you have BAD credit, do you know what the Chinese government to those who have bad credit ? They dont get allowed on buses, trains, airplanes, and get publicly shamed on billboards. Do you really want to see that ?

China is trying to spread their influence, we see that in Africa, Thailand and Hong Kong, the bigger and stronger they get the more YOUR future will similar to those Chinese citizens

Anyone with 2 brain cells knew this economic trade war was coming, it was only matter of time but no President wanted this stain on their term.

We know damn well any liberal president like Elizabeth Warren would get absolutely taken advantage of by China.

It's time someone put them in check. Any other country would be better to trade with.
 Deeznutz1981 said
Trump will win this and the economy will just take off even more.

2020 landslide for the Chosen One



+1   

 4 weeks ago '05        #21
precys  101 heat pts101
space
avatar space
space
$5,840 | Props total: 12753 12753
Did we all forget that at one point, he has had multiple casinos of his go "bankrupt" within a year? He clearly loves putting other peoples money at risk



+6   

 4 weeks ago '15        #22
amarti9  2 heat pts2
space
space
space
$1,331 | Props total: 5303 5303
Welp hopefully ps5 standard edition wont be $800 day on me.
+2   

 4 weeks ago '09        #23
WiLL  17 heat pts17
space
avatar space
space
$9,958 | Props total: 241 241
Orange guy is playing with my stock money.
+1   

 4 weeks ago '15        #24
naledgestate 
space
avatar space
space
$984 | Props total: 5602 5602
 Mystic said
How old is that though
Here we go.... enter apologist

How old are the MAGA hats doe?
+3   

 4 weeks ago '13        #25
SimpinAintEz 
space
avatar space
space
$17,856 | Props total: 28341 28341
 autoraptronix said

"We don't need China and, frankly, would be far better off without them," Trump tweeted. "Our great companies are ordered to immediately start looking for an alternative to China, including bringing your companies HOME."





Except the president is not supposed to have the ability to “order” companies to look for alternatives to support his agenda. Dude acts like a gotdamn tyrant.
+2   



Sign me up
 
 

yesterday...


most viewed right now
online now  44
Sep 18 - Adult film star Jessica Jaymes is dead at the age of 43
120 comments
1 day ago
@news
most viewed right now
online now  34
Image(s) inside This house in Seattle is $640,000
134 comments
1 day ago
@wild'ish
most viewed right now
online now  33
Sep 18 - Police Shutdown an Illegal IPTV Service With 50 Million Subscribers
105 comments
1 day ago
@news
most viewed right now
+54online now  16
It’s messed up how true this is
30 comments
1 day ago
@wild'ish
back to top
register Follow BX @ Twitter search BX privacy