I had read from AP that the President announced he is scheduled to or is scheduling to meet with Xi Jing Ping for negotiations. Kinda funny that China decided to tarriff US goods they import though. I don’t see what that even accomplishes for them since their economy is way more reliant on good international trade than the United States. Even as a bargaining chip, its a pretty weak one.
Either way, I think that these price increases were coming anyway, and tarriffs are an easy scapegoat to blame it on that takes the heat off the company.
China’s aim is independence in strategic sectors, while happily fostering the dependence of other countries upon china.
There are different ways to encourage local development that could also harm western profits, and china is using this opportunity to demonstrate the tools at its disposal.
It’s a warning shot before a full blown trade war, and it’s highly questionable whether the US would come out “on top” (less worse off than the other players) if that happens, especially as the US is working hard to alienate its traditional political allies.
The 30 day pause was for Canada and Mexico. The Chiba tariffs are already implemented.
I had read from AP that the President announced he is scheduled to or is scheduling to meet with Xi Jing Ping for negotiations. Kinda funny that China decided to tarriff US goods they import though. I don’t see what that even accomplishes for them since their economy is way more reliant on good international trade than the United States. Even as a bargaining chip, its a pretty weak one.
Either way, I think that these price increases were coming anyway, and tarriffs are an easy scapegoat to blame it on that takes the heat off the company.
China’s aim is independence in strategic sectors, while happily fostering the dependence of other countries upon china.
There are different ways to encourage local development that could also harm western profits, and china is using this opportunity to demonstrate the tools at its disposal.
It’s a warning shot before a full blown trade war, and it’s highly questionable whether the US would come out “on top” (less worse off than the other players) if that happens, especially as the US is working hard to alienate its traditional political allies.