BEIJING—A U.S. move to increase tariffs has China dusting off its options for retaliation, which include a reciprocal increase, piling on new tariffs and punishing individual American companies.
China’s Commerce Ministry threatened “necessary countermeasures” in response to the U.S. filing paperwork to raise tariffs to 25% from 10% on $200 billion of Chinese goods. The agency didn’t specify the countermeasures or when they would be enacted. Washington’s increase takes effect at 12:01 a.m. Friday—just after noon in Beijing.
Trump through his rhetoric wants to achieve two goals. Get a little more than what has been achieved and excite his Base by exhibiting his toughness with the Chinese. Both China & the US know they are close to an agreement.
Farmers get paid back w subsidies. Tech so what. Trump hates the tech companies. They’re in CA or other Blue states. Censoring his most inflammatory ads and acolytes.
Good news
Production has been moving from China to Southeast Asian countries because China's labor costs have been rising and their production has been moving to tech. The uninformed will think China has the upper hand here. They don't.
i have no sympathy for the American companies. they are traitors. they should have invested in the US. It serves them right.
Or reach a fair agreement. That is the preferred choice.
China, pay for the wall and you have a deal. 👍🏼
Devalue yuan 25%...
The stock market went crazy!
Beijing’s options to hit back for U.S. tariff increase ranges from imposing duties to killing contracts; to anything in between!
Good, wish all productions, factories and supply chain goes to other countries. Enough of china.
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