Squawk Box
"They're our political adversary, economic adversary, military adversary. So we've got to do everything we can to take care of ourselves and see if we can get them to change. But right now I don't see how we'll get a deal done with them. We've got to help American companies to do everything we can to buy American products, so we get more American jobs and stop helping China and stop acting like they're a partner," Scott said.
Trump, who has nicknamed himself"Tariff Man," has falsely claimed that China is footing the bill for the tariff war. Economic analyses have shown that the tariffs are imposing a hefty toll on American companies and consumers, who are forced to pay more for products imported from China. Scott's statements echoed those of the Trump administration, which has depicted the negative economic impacts of the trade war with China as a temporary plan to force a lasting restructuring of the Beijing-Washington trade dynamic. Yet as the trade war drags on and threatens to escalate, with Trump raising the possibility of implementing tariffs on $300 billion more imports from China and primarily affect consumer goods, no end appears to be in sight.
And those tax cuts should be paid for by the 1 percenters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GOP Sen. Rick Scott: Americans should get tax cuts in return for tariffs paid on Chinese goods'Anything we raise in tariffs, we should give back to the rank and public in tax reductions,' the Florida Republican offers. Not how it works. And how will that help?!!! What? Or we could not have the tariffs.
Source: CNBC - 🏆 12. / 72 Read more »
What Muslim ban? 2020 Democrats go easy on TrumpTrump’s travel ban triggered a nationwide backlash on the left — but in the eyes of many Muslims, you wouldn’t know it listening to the Democratic presidential hopefuls Hmmm Keep them out Hate Obama more everyday !!!!
Source: politico - 🏆 381. / 59 Read more »
Goldman Sachs cuts growth forecast as trade war triggers recession fearsGoldman Sachs lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, citing a larger than-expected impact of recent trade war events. Thanks, Trump. If they would have said -1.8 I would believe them. The fact is they should get their useless puppet Mnuchin and all the other Zionist buffoons' before they destroy the world economy. Puppet masters admit Trump is just the old man who signs the stuff you make up
Source: CNBC - 🏆 12. / 72 Read more »
Markets Right Now: Stocks opening lower on Wall StreetMARKETS: Stocks edge lower in early trading on Wall Street amid investor concerns that the U.S.-China trade war may be worsening.
Source: ABC - 🏆 471. / 51 Read more »
As U.S.-China tensions mount, Huawei releases its operating systemThe new OS was launched on Friday amid uncertainties over whether Huawei, caught in the trade war between the U.S. and China, can continue using American technology in its products. China copy all tech and now has tools to own all tech from software to hardware nice job outsourcing Apple Google USTradeRep
Source: NBCNews - 🏆 10. / 86 Read more »
Goldman Sachs economists say fears rise that U.S.-China trade war leading to recessionGoldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war le... What did you expect from an emotionally bankrupt President. I’m sure both countries will have a good trade deal by 1/20 And we all know Goldman Sachs has nothing but our best interests in mind.
Source: Reuters - 🏆 2. / 97 Read more »